Posted by Muyutin > 2021-10-02 09:43 | Report Abuse

last qr good result miss out 1st time limit up
tis qr good result miss out 2nd time limit up bit nta fall to RM0.65 very weird

coming months steel price if maintain current price n profit consider within expectation tat means no surprise

if steel price correction profit miss expectation than share price drop

tis company management wanna torture their shareholder
like IRIS get billion project but share fall 100%

Posted by Juliana > 2021-10-02 13:39 | Report Abuse

banyak pattern this management, susah. Better buy Insas, value for money.

Posted by Muyutin > 2021-10-02 14:07 | Report Abuse

base on previous dividen declare rate 0.55%,,
coming dividen propose is 1sen

then today share price should b around RM1.80

Posted by Kevin Tam > 2021-10-02 14:40 | Report Abuse

OTB, I have read your analysis in July , overall your views r quite good ; I did know Eastern steel ( which is 35% owned by Hiap teck) using blast furnace to make iron billets n slabs… Eastern Steel also Involved in iron mining which mean it can have lower cost to make iron billets n slabs than most in South East Asia… U guys keep saying falling of iron ore ( iron ores has dropped more than 45-48% from peak in last 3-4 weeks) price will push to profit margin of Eastern steel but while iron ore prices has dropped, at rational forecast, iron billets n slabs should adjust down by at least 25% …. For my calculations, as long as Eastern steel can contribute 30-40 mil to Hiap teck , it is good enough to push the undervalued Hiap teck to above 70-75 cents in near future but I have one doubt , steel prices of ASEAN countries n Malaysia , will mostly follow China steel prices at China market , if the iron ore prices continue to be at USD100-115 level , I believe iron billets n slabs will drop more than 25% in Oct n Nov n the steel prices should adjust down in next few months ( I known China n USA facing high demand of steels now )…

Posted by probability > 2021-10-02 14:49 | Report Abuse

@Kevin asp of steel products would not be able to adjust as much as the decline on raw material Iron Ore as all of local players except Annjoo & Eastern Steel use EAF method (100% relying on scrap steel) unable use Iron Ore as their raw material.

This phenomenon is the same in China (BF method where uses Iron Ore) has been disabled from operation due to pollution concern permanently.

Its this China's inability to use iron ore as raw material for steel making is the real reason why iron ore price had declined.

Posted by probability > 2021-10-02 14:52 | Report Abuse

Extremely informative video: May 2021 by Annjoo

https://www.youtube.com/watch?v=eMdmVZcE1r8

Essential Minutes:

0.29 - 0.34 (5 min) - to understand type process
1.06 - 1.13 (7 min)
1.38 = 1.50 (12 min)

Posted by probability > 2021-10-02 15:04 | Report Abuse

Malaysia is exporting 60% of their steel products to China (as per Annjoo's Lim info in May 21)'. I believe with the force cut down on steel output from China now, they will be importing even more.

China's present power constrain issue & Evergrande issue on the steel consumption is purely a sentiment issue on demand, and its a temporary blip.

The price decline on iron ore due to pollution control is permanent & long term advantage to BF steel producers.

Posted by positiontrader > 2021-10-02 15:08 | Report Abuse

With the immediate resignation of CFO after the "notice of additional assessment received from Inland Revenue Board amounting to RM13.4m" the financial conditions of Hiap Teck is getting clearer :(

Posted by probability > 2021-10-02 15:10 | Report Abuse

Local steel price are truly in line with China (being the major consumer of our steel now):

http://www.sunsirs.com/uk/prodetail-927.html

Posted by probability > 2021-10-02 15:27 | Report Abuse

Till 2015 (for many years), China was a pain in the ass for local steel players due to price dumping on their exports...then we had things improving (lesser dumping by China) and megaprojects planned locally by 2017....then we had so much political twist and then covid.

CHINA was the biggest equation....

I believe with China actively importing, it should be clear blue sky for local upstream steel players from now on..at least for another 2 years as Annjoo Lim put it on his interview above.

Posted by Muyutin > 2021-10-02 15:43 | Report Abuse

good company bcome LC COMPANY

Posted by Juliana > 2021-10-02 16:38 | Report Abuse

Apa itu LC COMPANY?


Muyutin good company bcome LC COMPANY
02/10/2021 3:43 PM

Posted by mrbusiness > 2021-10-02 16:45 | Report Abuse

@Kevin Tam,

When you stated that "...iron ore prices has dropped, at rational forecast, iron billets n slabs should adjust down by at least 25% …",

any reason or calculation for your forecast?

Posted by mrbusiness > 2021-10-02 16:48 | Report Abuse

@positiontrader,

CFO gave 3 months' notice la, not immediate resignation.


...Ms Yeo has given the Company 3 months' notice period, and her last day with HTVB will be on 31 December 2021 to ensure a smooth transition to her successor...

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3197778

Posted by mrbusiness > 2021-10-02 17:42 | Report Abuse

Iron ore is material for steel production.

China is the biggest steel producer. China want to reduce steel production, hence demand for iron ore is reducing and steel price is increasing.

You check the latest price (RM/MT) at MSI's website (https://malaysiasteelinstitute.com/)

Iron Ore RM 427
Billet RM 2,800 – RM 2,950

Current high billet price means very good margin for Hiaptek :)

Posted by ming > 2021-10-02 18:44 | Report Abuse

Nx qr refer to Aug-Oct.. alrdy skip from the worst period for lock down !

Posted by Hotstuff > 2021-10-02 18:51 | Report Abuse

if KYY and OTB can predict the next QR you think Hiaptek share price will hike up?? price hike always require some surprises or good market sentiment. Hiaptek has none of both

Posted by Michael Kwok > 2021-10-02 20:16 | Report Abuse

I see OTB will right.Award winning people.Things start with slow slow then medium thn fast.Look at my Harbour.People wait and boom last few weeks up over 50 percent.

Posted by Muyutin > 2021-10-02 21:15 | Report Abuse

COMPANY PROSPECT CONFIRM GOOD
BUT LC MANAGEMENT LATER COME PUT WITH ESOS
LA,,PP LA ,,WASTING TIME

PATTERN MORE THAN BADMINTON

ONCE THEY FEEL WANNA TO MOVE
STEEL PRICE OLEDI BO KANG TOW

WASTING INVESTOR TIME

Posted by Muyutin > 2021-10-02 21:17 | Report Abuse

PROPOSE ESOS AT 50SEN

PP FOR 50SEN

YEAR AFTER YEAR STILL 59SEN

Posted by OTB > 2021-10-02 21:19 |

Post removed.Why?

Posted by EatCoconutCanWin > 2021-10-02 22:25 | Report Abuse

Before china stop /reduce carbon, a lot company in china start import steel from others country. This is before steel prices up . So that china can sell high price to local construction company n earn . This is last few quarters activity. Now the price rise to highest, do you think china business man want to import steel? Do you think they stupit enough? No way they going to buy, now the suffer is Malaysia local construction ,which bare high cost on building materials.

Posted by mrbusiness > 2021-10-03 00:42 | Report Abuse

I forecast China Jian Long (major shareholder of Eastern Steel) will enter Hiap Teck as major or substantial shareholder end of this year or next year.

Posted by rr88 > 2021-10-03 10:40 | Report Abuse

You follow this LOUSY OTB, you wud lose money. People lost underwear following his backside, his buy call on supermx at the very top.

LOUSY OTB telling you as per his LOUSY CALCULATION price to move up. But CHART SAYS IT WILL NOT MOVE UP.

You see chart takes care of all the LOUSY PREDICTION from LOUSY PEOPLE. Everything is being built into the chart.

So when LOUSY OTB says it will move up n chart says it wont move up, you bail out b4 you lose yr underwear. In fact just a matter of time sooner or later it will come down n down hard.

Posted by piranha88 > 2021-10-03 11:51 | Report Abuse

OTB explained and gave his views and resons for entering Hiaptek. Based on his analysis and also abit of homework on our end, we buy or sell, win or lose sometimes due to luck also.

No one expected the shares price to go down when profits were superb. And no one predicted the Evergrande debacle and we also do not know if this would impact Hiaptek's share price, if at all, over long term.

Anyway, OTB did say it was for long term so if any of you lost on contra, I feel sorry for you and good luck to those still holding including me. Don't let Mr Market's daily screamings confuse us. Have a great Sunday!

Posted by OTB > 2021-10-03 12:20 |

Post removed.Why?

Posted by OTB > 2021-10-03 12:27 |

Post removed.Why?

Posted by OTB > 2021-10-03 12:29 |

Post removed.Why?

Posted by OTB > 2021-10-03 12:29 |

Post removed.Why?

Posted by Kevin Tam > 2021-10-03 14:03 | Report Abuse

So far information n studies of OTB n Mr business is above average than others for this counter, thanks probability to clarify n to mention only Ann Jo n Eastern steel using the BF method ( using iron ore ) to make steels or iron billets n slabs … I have read one article about 2 years plus ago that only Eastern steel n one more steel manufacturer using blast furnace to make steels/ iron billets n slabs in malaysia , which is much more efficient n cost saving than the other steel manufacturers in Malaysia … Eastern steel has turned around to be valuable asset of Hiap teck after top steel manufacturer, Jian Long become major shareholder of Eastern steel about 12-18 months ago …. The knowledge of OTB n Mr Business should be even more intensive n deep about this counter than KYY ( KYY only said this counter is undervalued at beginning of this year)… Eastern steel mainly involved in iron ore mining n producing iron billets n iron slabs , by right falling iron ore price should mean higher profit margin for its iron billets n slabs…. Steel industry should be reviewed by those investment banks after China decided to curb her exports 5-6 months ago n do agree the profitability of steel manufacturers have changed after China changed her policy of steel manufacturing n to comply with gas emission n so on …

Posted by trum > 2021-10-03 14:50 | Report Abuse

Wow.

Posted by Keep Going > 2021-10-03 16:07 | Report Abuse

Anyone has studied the cost effect of escalated coal price that use in the blast furnace?

Posted by Keep Going > 2021-10-03 16:08 | Report Abuse

China shortage of electricity because their co power plant forced to stop because of Hugh cost of coal.

Posted by probability > 2021-10-03 16:36 | Report Abuse

@keep going, good question there..

coal usage is half the tonnage of Iron Ore used to produce via Blast Furnace method. The reduction on Iron Ore cost far outweighs the rise in Coal cost presently.

The coal price rose steeply only in mid of sept while iron ore dipped on end of July. This means at any point in time, the cost of production is lesser than quarter ending July 21'.

Good thing is MCO forced them not to operate in July and wait to take advantage of steeply cheaper Iron ore cost in August.


Iron ore price decline is much permanent (its a permanent pollution control which wipes out its demand, supply is always there) than the temporary coal price rise due to shortage of coal - Australia has plenty and just waiting for China to let go their ego and buy....

Posted by probability > 2021-10-03 16:47 | Report Abuse

Mrbusiness sharing of the below, shows even the premium of steel billet over scrap steel is ~ RM 1000. Any steel makers including EAF routes (which Annjoo is flexible to utilize) should be able to make plenty of margins...

https://malaysiasteelinstitute.com/

Posted by localmotive > 2021-10-03 20:08 | Report Abuse

CFO Yeo resigned. Is that because of the IRB case? Or some other trouble is brewing?

Posted by mrbusiness > 2021-10-03 20:37 | Report Abuse

I just emailed The Edge to request article correction.

xxx

Hi,

In your article titled "Hiap Teck posts six-fold rise in 4Q net profit on higher steel prices and share of profit", paragraph 3 you stated that "...Eastern Steel, an integrated iron and steel mill, is owned 35% by Hiap Teck, with the remaining stake held by Shougang Group of China...."

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

The correct shareholding should be Hiap Teck (35%), Shanxi Jianlong Industry Company Limited (60%) and Chinaco Investment Pte.
Ltd. (5%).

Please check and make correction in the article. Thanks.

Posted by mrbusiness > 2021-10-03 20:39 | Report Abuse

Iron ore mining business of Hiaptek is very small.

2020 revenue is RM3.19m (profit is RM1.49m).
2019 revenue is RM1.21m (profit is RM0.29m).

Posted by mrbusiness > 2021-10-03 20:53 | Report Abuse

Eastern Steel 2020 revenue = RM1.43 billion

Production = 794,268 MT

Average Selling Price = RM1.43 billion / 794,268 MT = RM1800 per MT

Assuming selling price RM2500/MT and production 800,000 MT,
Eastern Steel 2021 revenue = 2500 x 800,000 = RM2 billion

ESSB exports 70% of its steel products.



Hiaptek 2020 annual report (page 14):

For the financial year under review, ESSB achieved revenue of RM1.43 billion driven by strong acceptance and demand for its
products in both the domestics and overseas market. Malaysia and South East Asian markets are net importer of billets.
In FY2020, ESSB produced a total of 798,512 MT of steel products, of which, slabs and billets were 70,196 MT and 728,316 MT,
respectively. In the same financial year, a total of 794,268 MT of steel products were sold comprising 70,196 MT of slabs and
724,072 MT of billets. Domestic sales volume was 231,549 MT while export sales volume was 562,719 MT.

Posted by Muyutin > 2021-10-03 21:46 | Report Abuse

since so good

y share no up

they 玩吔

Posted by Muyutin > 2021-10-03 21:47 | Report Abuse

Tomorrow must sell

waiting pull back 30sen

Posted by mrbusiness > 2021-10-03 21:55 | Report Abuse

@Muyutin,

Good. Please sell all. Better don't buy.

Posted by mrbusiness > 2021-10-03 22:15 | Report Abuse

美基建法案表决延月底 拜登深信可过关
2021年10月03日

https://www.enanyang.my/%E5%9B%BD%E9%99%85/%E7%BE%8E%E5%9F%BA%E5%BB%BA%E6%B3%95%E6%A1%88%E8%A1%A8%E5%86%B3%E5%BB%B6%E6%9C%88%E5%BA%95-%E6%8B%9C%E7%99%BB%E6%B7%B1%E4%BF%A1%E5%8F%AF%E8%BF%87%E5%85%B3

Posted by Muyutin > 2021-10-03 22:25 | Report Abuse

since Hiaptek reluctant to fly after 2times good earning

must change strategy sell high buy low

Posted by Thorman > 2021-10-03 22:30 |

Post removed.Why?

Posted by superman7181 > 2021-10-03 23:07 | Report Abuse

Alot of retarded in this forum .. just hold hiaptek for those who have and ignore all these retarded , they will always be poor

Posted by mrbusiness > 2021-10-04 01:43 | Report Abuse

The Edge has made bellow article correction after I emailed them. Very efficient, good!


...Eastern Steel, an integrated iron and steel mill, is 35% owned by Hiap Teck, Shanxi Jianlong Industry Co Ltd (60%) and Chinaco Investment Pte Ltd (5%)...

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 OTB > 2021-10-04 09:02 |

Post removed.Why?

Posted by ichigo09 > 2021-10-04 09:11 | Report Abuse

For my viewpoint, steel mill is a long term investment. You can't just look for a day profit from share trading, need to study the market trend and global demand before you buy it.

Posted by OTB > 2021-10-04 09:38 |

Post removed.Why?