Posted by EatCoconutCanWin > 2021-09-27 11:42 | Report Abuse

The asp will drop step by step, there is no always up. Similar to gloves. If the price keep shooting up, who willing to buy. Right? Correct? I think after china announced carbon reduction, the price shoot, now the price will drop back to normalise .

Posted by Beltland > 2021-09-27 14:48 | Report Abuse

EatCoconutCanWin The asp will drop step by step, there is no always up. Similar to gloves. If the price keep shooting up, who willing to buy. Right? Correct? I think after china announced carbon reduction, the price shoot, now the price will drop back to normalise .
27/09/2021 11:42 AM

Ans: Misleading information ! Steel price is trading at ten year high !

Posted by budakbaiklah > 2021-09-27 16:54 | Report Abuse

when is the qr out ya? this week?

Posted by OTB > 2021-09-27 23:51 | Report Abuse

Posted by YiStock > Sep 27, 2021 11:38 PM | Report Abuse

China is putting "electricity rationing" policy into a short to mid term action. With steel products under limited production, global steel products like tubes and hardwares pricing will sky rocketing.

Posted by Jerichomy > 2021-09-28 11:00 | Report Abuse

Hiap teck, is extremely slow and something wrong. So i jual you ya

Posted by Jerichomy > 2021-09-28 11:31 |

Post removed.Why?

Posted by Jerichomy > 2021-09-28 12:09 | Report Abuse

Pak Tua also dah hilang

Posted by OTB > 2021-09-28 13:07 |

Post removed.Why?

Posted by Aaron_tan > 2021-09-28 13:09 | Report Abuse

no worry, no people listen to you. you always holland call.

Posted by OTB > 2021-09-28 13:17 |

Post removed.Why?

Posted by Johnzhang > 2021-09-28 13:18 | Report Abuse

Many Steel and palm oil companies making record profit and their stock price is trading at single digit PE which is abnormal! Nothing wrong with the fundamental of steel and palm oil sectors , except that the Malaysian market is very sick. Absolutely no liquidity and no buying interest. Consequently, stock price continue to stay in doldrums.

Posted by OTB > 2021-09-28 13:21 | Report Abuse

Fundamentals of Hiaptek will prevail, it is a matter of timing only.
Just need a bit of patience to wait.
KLSE is bearish and it is one of the worst stock market in the world.
Do not expect miracle to happen.
Thank you.

Posted by Johnzhang > 2021-09-28 13:41 | Report Abuse

In fact , when China decide to curb industrial production due to energy shortage and environmental concern steel companies outside of China stand to benefit tremendously. President Xi promises his people blue sky and committed to do it’s fair share in global climate change, All polluting industries and high energy consumption industries will be controlled . China has moved higher in the technology economy . All these means that China will no longer be the exporter of cheap and subsidized products to the world which include steel . . China may even turn importer in the near future. As a result , the whole market dynamics has changed. steel companies outside of China will enjoy stable and improved profit from now on.
I have started accumulating steel stocks , a sector I never touched before.

Posted by Jerichomy > 2021-09-28 15:06 |

Post removed.Why?

Posted by mrbusiness > 2021-09-28 15:45 | Report Abuse

I think the investors still have doubt about the steel sector, there is why the window to collect cheap is still exist.

Posted by mrbusiness > 2021-09-28 15:45 | Report Abuse

Or maybe we are all WRONG

Posted by Jerichomy > 2021-09-28 15:53 |

Post removed.Why?

Posted by mrbusiness > 2021-09-28 15:54 | Report Abuse

Annual capacity of Eastern Steel is 1.5 Million MT of steel slab/billet.

Current price of steel billet is RM2800-RM2950.

Estimated revenue of Eastern steel for forward year
1.3 Million x RM2500 = RM3250 Million

10% net profit margin = RM325 Million

Hiaptek's 35% portion = RM325 Million x 35% = RM113.75 Million

Total shares =1,731,612,674

EPS (Eastern Steel profit only) = 6.57 cent

Do you math...

Posted by mrbusiness > 2021-09-28 15:55 | Report Abuse

Check price of steel billet here:
https://malaysiasteelinstitute.com/

Posted by Jerichomy > 2021-09-28 16:03 | Report Abuse

I think it is taking too long to go up so something is really wrong

Posted by Jerichomy > 2021-09-28 16:06 | Report Abuse

I bought carimin and will rise after several days but hiap teck is taking weeks to move

Posted by Jerichomy > 2021-09-28 16:41 | Report Abuse

China GDP cut half, pls run run

Posted by budakbaiklah > 2021-09-28 16:42 | Report Abuse

i an just cl one bid..see the chart pattern not looking good..

Posted by Jerichomy > 2021-09-28 16:47 | Report Abuse

Wah budakbaik…ur observing quite well

Posted by Axia77 > 2021-09-28 17:37 | Report Abuse

I topup

Posted by Jerichomy > 2021-09-28 21:17 |

Post removed.Why?

Posted by information > 2021-09-28 21:47 | Report Abuse

Dalian iron ore, steel prices benefit from China power cuts

https://www.fxstreet.com/news/dalian-iron-ore-steel-prices-benefit-from-china-power-cuts-202109270444

Prices of steel rebar, hot-rolled coils rise as climate crackdown joins power cuts in China.

China’s recently aggressive push for climate controls measures by the industrial players has already favored the metal buyers. Adding to that were the later power cuts in the dragon nation.

Production curbs were used to tame the power usage by the industries. “Prices for steel rebar and hot-rolled coils on the Shanghai Futures Exchange also increased due to production curbs as major steel producing regions are restricting power usages,” said Reuters.

Posted by probability > 2021-09-28 22:06 | Report Abuse

agmetalminer.com/2021/09/27/automakers-see-2022-steel-prices-contract-negotiations-looking-brutal/

Posted by probability > 2021-09-28 22:10 | Report Abuse

Every automotive OEM operates a little bit differently. However, in general, automotive OEMs purchase their steel more or less along these lines:

-1. RFQs for the next calendar year are sent by the OEMs, typically in August or September, based on current market conditions. Deals typically get negotiated and signed between then and the end of the year but can be as late as January.

2. New contract pricing goes into effect Jan. 1 of the following year.

3. OEMs have used multiple negotiation strategies with some using “should-cost models” and guaranteeing volume in exchange for a fixed price and others negotiating a discount off a published index price in exchange for volume (also at a fixed price).

Moreover, in response to RFQ requests this year, steel producers have taken a more divisive approach to negotiations. We have heard that, in some cases, automotive OEMs have two weeks to sign or risk not having supply.

Posted by SpeedNpower > 2021-09-28 22:11 | Report Abuse

Sell signal triggered in TV chart. Stay away.

Posted by SpeedNpower > 2021-09-28 22:12 | Report Abuse

Remember that chart never lie. Fundemantal does not exist in bursa. I.e gloves.

Posted by Gannina > 2021-09-28 22:38 | Report Abuse

Get ready for take off.

Posted by Tiger66 > 2021-09-29 07:32 | Report Abuse

a small rebound to happen then continue to drop below 2.

Posted by MrsLee > 2021-09-29 07:40 | Report Abuse

Today will take off ...

Posted by abang_misai > 2021-09-29 08:26 | Report Abuse

Haha. Take off downwards

Posted by OTB > 2021-09-29 09:00 | Report Abuse

See how far the share price can drop.
I prefer to buy when KLSE is down so that I can buy it at cheap sale price.
Thank you.

Posted by stockwin > 2021-09-29 10:47 | Report Abuse

All eyes will be on its Qtr results due out today or tomorrow. considering only one full month of 100% meaningful operations, if it can report abt half of previous qtr result, i.e PAT =RM30 Million, then I think this stock has future.

Posted by OTB > 2021-09-29 10:58 |

Post removed.Why?

Posted by Invest_888 > 2021-09-29 11:29 | Report Abuse

Hiaptek and Annjoo enjoy most steel counters can't afford with much lower iron ore price and process it by blast furnace to the custome made steel. This non-stop process result in saving electricity, efficiency and much higher profit margin.

Posted by Beltland > 2021-09-29 11:36 | Report Abuse

Compare to last five years where Malaysia steel manufacturers production cost is higher than China market price resulted a lot of Malaysia manufacturers suffering heavy loses. At the moment the market in China already gone double compare to last year .So even if China steel price drop by 30% Malaysia steel manufacturer still making tons of profit !
What is there to worry ?

Posted by superman7181 > 2021-09-29 12:06 | Report Abuse

Are you sure ? My friend in management says it has a surprise

Posted by Beltland > 2021-09-29 13:20 | Report Abuse

X
Beltland John Lu @superman7181 then you better all in to see quarter result tonight.
29/09/2021 12:10 PM

This is share market, retailers are selling and some are buying .

Your friend is not the management staff ,he doesn't has the authority to read the financial report before official declaration .The result of profit is either very good or not good will be known this evening . What you said is your personal assumption !

Posted by superman7181 > 2021-09-29 13:24 | Report Abuse

Yes i am holding 2500 lot , lets see :)

Posted by OTB > 2021-09-29 13:41 |

Post removed.Why?

Posted by Beltland > 2021-09-29 14:52 | Report Abuse

Be patience ! Low risk high gain !

Hold tight ! Hold tight !

Posted by Everest > 2021-09-29 16:12 | Report Abuse

someone swallow all 575, rel hero

Posted by Beltland > 2021-09-29 16:30 | Report Abuse

Good indication ! something is brewing ! Profit exceeded 30 million ?

Posted by OTB > 2021-09-29 18:17 | Report Abuse

Posted by Beltland > Sep 29, 2021 4:30 PM | Report Abuse

Good indication ! something is brewing ! Profit exceeded 30 million ?
-----------------
PAT doubles your estimation.

Very good result.
PAT = 60.484 million despite 2 months plant shutdown for the factory at Klang.
Blast furnace plant of Eastern Steel was shutdown for a month.
Thank you.

Posted by investortrader88 > 2021-09-29 18:21 | Report Abuse

Very good qr.all shareholders good luck !

Posted by Picanto > 2021-09-29 18:23 | Report Abuse

If operate fully for the quarter (2more months for HT, 1 more month for JV), profits would be close to 130mil (pure extrapolation). Amazing results.