https://www.thestar.com.my › business 网络搜索结果 Hiap Teck buys land for expansion | The Star 2021年9月9日 — ... Hiap Teck Venture Bhd has proposed to acquire a 21.26-acre parcel of land in Kuala Selangor for RM48.61mil for its future
Winning the game need calm , tolerance even patient ....... if want win immediately , i recommend , INTERNET SOCCER MATCH < LIVE ...every day got ...if want , i can recommend , stock market is like fishing port , need skill and SPACE , timing and expertise to Go Up.
For me , nothing effect my stamina , i paper lose , MULTI Thousand , but never afraid , I SEE LONG TERM , if freeze for years , also not a problem , i just talk is my fixed deposit .
Correct attitude needed , when invest on stock market , it is not fish market , can negotiate price , all price buying and selling on willingness . Monday UpUp Up.
Many ppl are not focusing correctly on Hiaptek's reason for long term prosperity. If ppl continue to focus on the steel prices, they are not seeing the bigger picture and will not be able to hold long for big gain.
IMHO, the followings are the key reasons for buying Hiaptek.
1. China is determined to reduce CO2 emission. EAF which uses scrap steels are now preferred over BF which uses coal as feed stocks. However, BF has lower cost of production with better and more consistence quality. ie. BF has higher competitive advantages over EAF.
2. China is reducing coal power generation ending cheap sources of electricity for EAF.
3. China has planned numerous BF projects in overseas developing nations under its IBIR, especially those with iron ore supplies. This is effectively moving some of its pollutive steel industries outside china while maintaining control over steel productions. This reduces china's reliance on Australia iron ore and coal and eases its domestic demand for coal powered electricity. Alliance steel and Eastern Steel in Malaysia are examples of such projects.
4. China has removed steel export rebates as well as imposing export tax on steel. Such measures are unlikely to be reversed in the future. This will greatly improve the competitiveness of overseas steel makers such as those in Malaysia which have ample supplies of electricity and natural gas.
5. Eastern Steel was revived in 2018, long before the sharp increase in steel prices indicates that it already has the matrix to compete globally under the new chinese operator, Jinlong. Being China owned, Eastern steel has export priority into China or for china controlled overseas projects.
6. Eastern steel has 600ha of iron ore concession in Bukit besi to ensure long term supply of iron ore as well as to profit from iron ore mining.
7. Eastern steel has plan to expand production to 3m MT for better economic of scale in production.
However, risk to my opinion being china reverses its stance on CO2 emission, and continue to expand and facilitate steel production and export.
“The US and EU have reached an agreement on steel and aluminium tariffs that could result in LOWER steel prices, according to US Department of Commerce secretary Gina Raimondo.”
WASHINGTON (Reuters) - The United States and European Union are expected to announce a deal to resolve a long-running trade dispute over U.S. steel and aluminum tariffs this weekend - as early as Saturday - five people familiar with the agreement said.
Two of the sources said the agreement, details of which were still being finalized, would allow EU countries to export duty free some 3.3 million tons of steel annually to the United States under a tariff-rate quota system.
Now, if US abolish tax on steel and aluminum, it will encourage steel export to lucrative US steel market which command higher premium price.
US need a lot of steel from oversea to buid its infrastruture and aluminum to buid its solar energy. It have to abolish import tax from oversea steel and aluminum now, to increase import volume to meet high local demand
My personal view, US-EU tariff news Bring no good benefits to hiaptek at all. Tomorrow hiaptek may be impacted by cukai makmur, don't shoot me, come back talk tomorrow 9.10AM
Top 10 steel-producing countries China produced 83.2 Mt in August 2021, down 13.2% on August 2020. India produced 9.9 Mt, up 8.2%. Japan produced 7.9 Mt, up 22.9%.2021年9月23日
We estimate that for every $100 billion of new investment in infrastructure, that's going to mean 5 million tons of additional steel demand," American Iron and Steel Institute CEO Kevin Dempsey said. Globally, steel demand in 2021 is expected to increase by 3.8% over 2020, according to the World Steel Association.2021年10月7日
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....
Johnchew5
11,722 posts
Posted by Johnchew5 > 2021-10-31 08:31 |
Post removed.Why?