JamesPond @Beltland...so is ES operating or not. KYY say no, OTB say yes. Anyone in Klang, knowns HTV operations there on or not. I m quite curious whether KYY or OTB is right 19/07/2021 5:07 PM
007007 Yesterday, KYY in his blog said that Malaysian stockmarket will crash bcos Dow Jones fell more than 700 points. Dow Jones index has subsequently rebounded and Malaysian stockmarket did not crash. Now KYY has removed his blog post. If Malaysian stockmarket had crashed he would have jumped with joy. This old fox has a black heart.
I just I rang Leon Fuat tel. 03-33753333 and Hiap Teck tel. 03-337788888. Both these companies are closed. Last week, I also did the same and found that both these companies were closed. You can ring up to verify what I said. If they are closed for so long, they cannot report increased profit in the next few quarters. Even if they can produce steel and steel products, construction companies do not need them because all their construction works have stopped. Just open your eyes you can see there are so many construction works are in a stand still. I just rang Dennis Tan, Secretary General of Master Builders Association, Malaysia to confirm what I just said. You can call tel 6019-3316282 to verify what I just said. Among all the stock selection criteria such as NTA, cashflow, dividend yield, debts or healthy balance sheet, the most powerful catalyst to push up share price is profit growth prospect. All the steel companies do not have profit growth prospect. Investors must not buy any steel stock which does not have profit growth prospect because when it reports reduced profit many smart investors will rush to sell their holdings. As all investors know that all steel companies have reported increased profit for the last quarter ending March 2021 and they are selling at PE 2. They are undervalued based on their previous profit. Unfortunately, many less informed investors are buying them based on their previous quarterly profit. They are undervalued and look very cheap but they will remain cheap until they can report increased profit. Investors should wait to see their next quarter result which will be announced before end of August. Patience is the key for successful investment. Koon Yew Yin
This joker when got dayang will praise dayang till sky high When got gloves will tell you take vaccines also need take gloves But after sell, will tell you one thousand reasons why you must sell
007007 Dow Jones rose sharply last night...... disappointing KYY who predicted our market to crash of the Dow falls......serves the old fox right. He used to say " the reason I write this and that is so that investors don't lose money in the stockmarket, etc"...... now we all know he has the opposite objective
The current capacity of the blast furnace plant is 700 thousand tonnes of billets/slab, in FY 2022 the capacity is increased to 1.5 million tonnes.
In 2021, the contribution of PAT of ESSB (Blast Furnace plant) is 20 million per quarter. In 2022, the contribution of PAT of ESSB is 40 million per quarter.
Billets/slab are in great demand from China and others SEA countries. They are selling like hot cakes.
The share price can move up north depends on Mr Market. No one can dictate the share price. Talk bad about the share price is no use, many times Mr Market will prove you wrong.
Invest quietly will be a better strategy. I prefer to invest quietly because I had done my homework and I know all my facts and figures.
The way I see it is both KYY and OTB agreed that the share price will head north when the MCO is over.
The only difference is KYY wants you to sell now to depress the price so that he can buy more at low prices.That is why he keep [non stop] talk bad about steel stocks now. When MCO is over and the stock ove up he will non stop promoting the stock and start to sell.
On the other hand OTB is of the view that the price is low enough to buy and hold and not missing the boat of the coming steel superbull.
hantamking Joy&Aaron is a really nice person , he always advice us ^^ i like him so much because they always making joke let us happy let us laugh & smile
u are my idol man !! ^^ --------------------- hope u sold at 0.635 this morning ....
The cost leaders for steel rebar producers in Msia are AnnJoo and Hiaptek's JV with China Steel conglomerate's Eastern Steel. Only these 2 are able to compete internationally in term of cost competitiveness.
Both Eastern and Ann Joo export steel to China and make good profit currently. How long the current steel price can last will depend on how determined are China to control its China's environmental problems and power shortage. Also depend on big infrastructure projects in both US and China. Once infra projects started, it cannot stop and will create demand for steel for next few years. Also solar and wind power also increase the usage of steel.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
UncleFollower
1,578 posts
Posted by UncleFollower > 2021-07-21 17:22 | Report Abuse
Usually KYY
JamesPond @Beltland...so is ES operating or not. KYY say no, OTB say yes. Anyone in Klang, knowns HTV operations there on or not. I m quite curious whether KYY or OTB is right
19/07/2021 5:07 PM