Posted by probability > 2021-09-29 18:27 | Report Abuse

Walao eh...fantastic results!!

Posted by probability > 2021-09-29 18:28 | Report Abuse

Unbelievable...despite 2 months shutdown!

Posted by Beltland > 2021-09-29 18:53 | Report Abuse

Another Ays is on the board tomorrow !!!!!!!!!!!!

Posted by winmal > 2021-09-29 19:06 | Report Abuse

EPS each quarter is 4 cents , 16 cents per year so traded 0.58 only PE 3.6 . assume share price RM 1 PE just 6.2 time. welldone

Posted by nomaikai_nomaikai > 2021-09-29 19:11 | Report Abuse

The performance of the JV entity in the current quarter included another write-back of impairment loss of RM66.15 million. Please check the quarter report, the net profit has been inflated by the impairment write back.

Posted by hohvest > 2021-09-29 19:17 | Report Abuse

Hiap Teck Venture Berhad, the Company, is currently engaged in discussions with Lembaga Hasil
Dalam Negeri (“LHDN”) on certain audit findings for the Years of Assessment (“YA”) from 2013
to 2019 involving additional tax assessments and penalties of up to RM13.5 million. Based on legal
advice obtained, Management has been advised that HTVB has merits in maintaining its stand on
the audit issues raised by LHDN. This matter is ongoing and has yet to be concluded at the time of
the issuance of this quarterly report

Posted by Beltland > 2021-09-29 19:30 | Report Abuse

X

nomaikai_nomaikai @ The performance of the JV entity in the current quarter included another write-back of impairment loss of RM66.15 million. Please check the quarter report, the net profit has been inflated by the impairment write back.


Ans : Do you understand what do you mean impairment write back ?

Please consult your accountant friend !!!!

Posted by nakata > 2021-09-29 19:42 | Report Abuse

Any sifu could explain why Prestar EPS is double from Hiaptek ? i think most of the steel company halted operation during MCO

Posted by nomaikai_nomaikai > 2021-09-29 19:44 | Report Abuse

Just be careful when reading comments from a free forum. Net profit is higher because of the write back and there is a potential tax issue. If remove the write back, this quarter net profit is not as rosy as reported. I let all the readers to calculate this yourself, if you remove the one time write back, what the actual figure should be.

Posted by probability > 2021-09-29 19:53 | Report Abuse

its one third of the 66m i guess that is contributing to Hiap Teck

Posted by ChloeTai > 2021-09-29 19:53 | Report Abuse

Sifu, can any one of you enlighten me how you all said the 4th quarter results is rosy.

Posted by probability > 2021-09-29 19:59 | Report Abuse

60m - 66/3 (excluding write back of impairment) = 38m PAT for the current qtr

Its still superb...

Posted by kim722 > 2021-09-29 20:04 | Report Abuse

Fantastic results for MCO. Next qr bombastic.

Posted by donnybelowski > 2021-09-29 20:08 | Report Abuse

Minus the impairment reversal, the JV core profits is RM21 million. Last quarter is RM20 mil. The eastern steel is considered fully operational.

The parent profits is 1/3 of previous quarter. One month operation.

What do you expect? So, the RM38mil PAT for quarter is fair. Its not superb but within expectation.

Posted by abang_misai > 2021-09-29 20:22 | Report Abuse

Gigil besok pagi

Posted by Beltland > 2021-09-29 20:27 | Report Abuse

Another AYS is on the board tomorrow !!!!!

Posted by ChloeTai > 2021-09-29 20:31 | Report Abuse

Beltland : How you interpret?

Posted by Beltland > 2021-09-29 20:38 | Report Abuse

Bus leaving to Penang from Pudu Raya bus station lol.

Posted by donnybelowski > 2021-09-29 20:44 | Report Abuse

I only hope RM66 mil impairment reversal is not all for Hiaptek. Best of luck tomorrow.

Posted by nomaikai_nomaikai > 2021-09-29 20:45 | Report Abuse

Dont get me wrong, I think the result is still good considering they are closed for a long time during the quarter.

Posted by godhand > 2021-09-29 20:47 | Report Abuse

probability 60m - 66/3 (excluding write back of impairment) = 38m PAT for the current qtr

Its still superb...

its a clean 100m/quarter if theres no mco

Posted by nomaikai_nomaikai > 2021-09-29 20:51 | Report Abuse

Just need to confirm whether the 66 mil impairment is for the Hiaptek portion alone or not. I think it is likely not because the last quarter could still earn RM 20 mil and this quarter operated for 2 months, couldnt be losing so much although the steel price was lower but it will be good if anyone can confirm with the management.

Posted by superman7181 > 2021-09-29 21:10 | Report Abuse

Mana tu john lu ? Why remove comments ?

Posted by MrsLee > 2021-09-29 21:12 | Report Abuse

Tomorrow morning sure will gap up.

Posted by BlessedInvestor > 2021-09-29 21:16 | Report Abuse

The JV entity’s continued investment in plant and equipment to enhance cost efficiencies will
further improve contributions to the Group. In its latest project development, the JV entity has
completed the first 100,000 MT of its planned 400,000 MT coke oven plant in June 2021. The
second 100,000 MT will complete in October 2021 with the next 200,000 MT targeted to complete
by the second quarter of 2022. The coke oven plant will significantly reduce the JV entity’s
production costs and improve its profitability. Moving forward, the JV also sees exciting
opportunities as China continues to pursue its carbon emissions targets and production restrictions,
and relying more on imports for general purpose items.

Look like prospect is good....

Posted by ChloeTai > 2021-09-29 21:48 | Report Abuse

https://www.theedgemarkets.com/article/hiap-teck-posts-sixfold-rise-4q-net-profit-higher-steel-prices-and-share-profit-%C2%A0%C2%A0

Posted by Gannina > 2021-09-29 22:02 | Report Abuse

"For the full financial year (FY21), Hiap Teck’s net profit saw a whopping jump to RM163.43 million from RM4.29 million in FY20. Twelve-month revenue rose 15.98% to RM1.08 billion from RM932.87 million.

“Despite all the challenges, the group recorded its highest profits ever with a profit after tax of RM163.5 million for FY21."

Posted by BaybieShark > 2021-09-29 22:19 | Report Abuse

limit up

Posted by superman7181 > 2021-09-29 23:07 | Report Abuse

Wish all good luck

Posted by probability > 2021-09-29 23:07 | Report Abuse

Why are steel prices so high when iron ore prices have crashed? Because: China

https://qz.com/2060156/chinas-cuts-have-made-steel-prices-soar-and-iron-ore-prices-crash/

Posted by probability > 2021-09-29 23:19 | Report Abuse

China’s squeeze of the world’s supply of steel suggests that shortages of many products will continue until the post-pandemic demand and supply stabilize.

Car companies, for instance, are already trying to cope with a crunch in the supply of semiconductor chips; a Ford executive told CNBC that steel, too, is now part of a “new crisis” of raw materials.

In 2019, the US made 87.8 million tons of steel, according to the World Steel Association—less than a tenth of China’s 995.4 million tons of output. So while American steelmakers are now making more steel than they have since the 2008 financial crisis, it’ll be a while before they can fill the shortfall that China’s cutbacks will create.

Posted by VenFx > 2021-09-29 23:28 | Report Abuse

POWERING UP TO OVERTAKING ANNJOO BY 2022 ?

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

easily hit 0.75

Posted by mrbusiness > 2021-09-30 01:12 | Report Abuse

I did some calculation. If no FMCO, Hiaptek has no problem to achieve net profit of RM100M.

Total shares = 1,418,528,000 shares
EPS = 7.04 cent
For 1 year, EPS = 7.04 x 4 = 28.16 cent

Posted by jeff61 > 2021-09-30 08:57 | Report Abuse

Can go see see Prestar, EPS few quarters more than 7 cents already. Some more the company JV with Posco one of the largest steel company in the world. By the same time, the company is one of the largest shareholders of Tashin(listed steel company). Overall, I feel Prestar is super undervalued.

Above are my personal opinions, not buy call or what. Don’t blame me ya.

Posted by skyjet > 2021-09-30 09:02 | Report Abuse

who said open price limit up?
Open price just up half cent.

Posted by skyjet > 2021-09-30 09:06 | Report Abuse

How come no limit up?
Faster limit up

Posted by worktoinvest > 2021-09-30 09:19 | Report Abuse

Bursa is no longer fundamental basis outlook. Best example is the glove. Billions of profit yet slump down like nobody business..

Posted by skyjet > 2021-09-30 09:23 | Report Abuse

Hiaptek red pula, where got limit up?

Posted by mrbusiness > 2021-09-30 09:26 | Report Abuse

@jeff61,

I prefer upstream steel company which is doing export business.

Local market is still weak. In near future, I believe China steel listed companies will have corporate activities in other countries (possible in Malaysia too)

Posted by mrbusiness > 2021-09-30 09:34 | Report Abuse

Now China steel companies could not longer expand their capacity. It is very possible they will expand to other country by M&A.

For Malaysia, no new steel manufacturing license will be issued.

Posted by Targeted > 2021-09-30 09:42 | Report Abuse

Hehehe.....kyy unloading????

Posted by goodiewilly > 2021-09-30 09:47 | Report Abuse

must be a joke...6 times more profit vs last year, price drops.
who keeps selling ?
sell on news, buy on rumours...?? valid ??

Posted by 周 海 > 2021-09-30 09:48 | Report Abuse

Revenue so low?

Posted by pillay3255 > 2021-09-30 10:46 | Report Abuse

hiaptek Malaysia only operated for one month during the may-July quarter due to mco....we can expect 2- 3 times profit the next quarter? Since operation started back mid aug

Posted by Michael Kwok > 2021-09-30 10:51 |

Post removed.Why?

Posted by Michael Kwok > 2021-09-30 11:00 | Report Abuse

The bank must be sleeping.Never upgrade a company over 120 million.Duh.My tp above is the real one.

Posted by jeff61 > 2021-09-30 11:02 | Report Abuse

@mrbusiness
Prestar itself is more toward OEM in my opinion as they partner with Murata (future trend) as Murata involve in warehouse automation and prestar provide part I believed. As more and more warehouse automation will be needed in future.
By the same time, prestar can be benefited from upstream steel supply as they own some of Tashin and Posco-MPKC.

Posted by risktoreward > 2021-09-30 11:08 | Report Abuse

Enter at 0.565

Posted by John Lu > 2021-09-30 11:46 | Report Abuse

Mana limit up? Mana itu BaybieShark, Beltland, superman7181? Sembunyi di lubang kah?
I sudah cakap kelmarin good quarter result akan merah juga.