Posted by goodiewilly > 2021-11-13 10:38 | Report Abuse

up up up to the sky

Posted by takaje > 2021-11-13 12:42 | Report Abuse

MoneyMakers Aiyo talk so much. What stocks u own lah. Show hand. Suka mengkritik but don't like to dikritik. Grow a pair leh.

Posted by Tobby > 2021-11-13 12:45 | Report Abuse

So yeah, the worst is over! Let's see how Hiaptek perform next week as divvy will be announced as well!

Posted by Tobby > 2021-11-13 12:47 | Report Abuse

Let's look at the bigger picture! China is reducing it's steel production! Hiaptek is now working with China biggest steel producer! Expand into HRC! Basically for the next few quarters, big fat profit margin and hopefully big fat divvy as well!

Posted by Tobby > 2021-11-13 12:48 | Report Abuse

Steel producers in Malaysia are now in perfect environment! No more cheap steel from China and less competation in Asean market! So you see, steel theme is still on next year! Only dumbass refuse to see the bright light ahead!

Posted by Beltland > 2021-11-13 15:45 | Report Abuse

Beltland @ Nothing much to worry about ! According to my friend ,the production cost for Eastern Steel is far below this level, Eastern Steel still makes small profit even the present market price go down by another 23.8 % further, more ever, these steel manufacturers in China will also suffer loses when the present price drops another 25% further .Therefore ,it's believable that very unlikely China will press the market price to a level which will hurt their home heavy industry.

On the other hand, Hiaptek is doing very well with the business in Malaysia from now onwards because it is fully protected by recent extension of anti dumping duties protection act!

Nothing to worry ! Let us wait for the coming sound financial result !


Buy , Buy , Buy . Hold tight !! Big money on the way !

Posted by goodiewilly > 2021-11-13 18:44 | Report Abuse

perhaps too big in size, without institutional buyers, the retailers effort and power not enough to push up...the big players are soft hands soft legs..heehee

Posted by Want2MakeMoney > 2021-11-13 19:10 | Report Abuse

Lai Lai Lai, December all that have invested huat together. For those pest that are spreading negative news, once share price moves up , I am sure they will disappear . hahaha

Posted by Tobby > 2021-11-13 19:22 | Report Abuse

China won't let steel price down so low, all they steel producers go bankrupt! So chill! The major correction has ended for now!

Posted by Want2MakeMoney > 2021-11-13 19:51 | Report Abuse

LOL, good that you admit you are a pest .

Posted by Johnchew6 > 2021-11-13 23:12 | Report Abuse

Hiap Teck Venture in expansion mode
TheEdge Sat, Nov 13, 2021 09:02am - 14 hours View Original


KUALA LUMPUR (Nov 13): After a 10-year wait, Main Market-listed Hiap Teck Venture Bhd, controlled by tycoon Tan Sri David Law Tien Seng, is finally reaping the fruits of its investment in Eastern Steel Sdn Bhd (ESSB), which operates a fully-integrated blast furnace steel plant in Kemaman, Terengganu.

The construction of ESSB’s Kemaman plant started in 2011 before its dry run in 2014, followed by the commencement of production in January 2015.

Unfortunately, in October 2015, ESSB’s operations were suspended to minimise losses due to difficult market conditions at the time, caused by the influx of cheap imports from China that started in 2013.

The breakthrough came in 2018, when Hiap Teck successfully roped in Shanxi Jianlong Industry Co Ltd as a new strategic partner of ESSB.

Shanxi Jianlong, whose parent Beijing Jianlong Heavy Industry Group Co Ltd is a Fortune Global 500 company and one of the top five steel makers in China, acquired a controlling stake of 60% in ESSB and resumed steel production within a short period of half a year.

Notably, Hiap Teck last Monday announced that Shanxi Jianlong had injected cash of 500 million yuan (about RM325.6 million) into ESSB, and therefore raised its stake in the company to 68.8%.

Consequently, Hiap Teck’s shareholding in ESSB was diluted from 35% to 27.3%, while Chinaco Investment Pte Ltd’s stake was cut from 5% to 3.9%.

In an exclusive interview with The Edge, Hiap Teck executive director Law Wai Cheong, who is Tien Seng’s son, said the capital injection by Shanxi Jianlong was very timely as ESSB had gained a strong foothold in the local steel industry and was ready to embark on a RM3 billion expansion, involving a venture into the hot rolled coil (HRC) business.

Wai Cheong also spelled out Tien Seng’s ambitious plans in rebuilding his mining empire in Australia.

To recap, after selling his stake in Australian iron ore miner Midwest Corp Ltd to China’s Sinosteel Corp at the peak of the commodity boom in 2008 — pocketing a whopping profit of A$200 million — Tien Seng returned to Australia by investing in Tungsten Mining NL (TGN) in 2014.

Today, he controls at least three Australian-listed mining companies, namely iron ore miner GWR Group Ltd, tungsten miner TGN and gold miner Western Gold Resources Ltd.

Meanwhile, it has not gone unnoticed that most steel stocks on Bursa Malaysia, which saw their prices peak in May this year, have since retreated from their mid-year highs, some with more than half of their gains erased.

The Edge compares the performance of Hiap Teck against some major steel players including Ann Joo Resources Bhd, Southern Steel Bhd, CSC Steel Holdings Bhd and Leon Fuat Bhd.

Get the full story in the Nov 15 issue of The Edge Malaysia weekly.

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Posted by Johnchew6 > 2021-11-14 15:14 | Report Abuse

actors : Ularsawa aka Dragonslayer ..

Posted by Tobby > 2021-11-14 15:14 | Report Abuse

Hihihaha! I enjoy reading fear mongers who don't use their brain! You think China allow their steel producers to go bankrupt! This major correction is engineered by China to prevent overproduction and to shut dirty ones! Chill, major correction already ended!

Posted by Johnchew6 > 2021-11-14 15:17 | Report Abuse

Here retailers n newbies can see those opposite viewers how they wrote on negative info n facts , but also how they wrote to promote their pick stocks with Dream info ? with Shark Sapu info ? with announce Customer name info will Limit Up ?

Posted by Johnchew6 > 2021-11-14 15:21 |

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Posted by Johnchew6 > 2021-11-14 15:23 | Report Abuse

Each Point will rely on your own homework , own analysis , own DecidionS as only u know ur risks level .

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Posted by Johnchew6 > 2021-11-14 16:09 | Report Abuse

ada check dna kah ??

Posted by Johnchew6 > 2021-11-14 16:10 | Report Abuse

Baba Ular ada main wayang kulit luccah show dgn cikku caccinng zulliaanna lo ..

Posted by Johnchew6 > 2021-11-14 16:11 | Report Abuse

Anakk mana satu tak tentu lagi la ..

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Posted by Johnchew6 > 2021-11-14 16:14 | Report Abuse

Huai , baba keluar cakap sikit , la ???

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Posted by neWbie606 > 2021-11-14 21:15 | Report Abuse

MoneyMakers...may you be wrong! lol

Posted by takaje > 2021-11-14 22:35 | Report Abuse

MoneyMakers is never wrong. He wouldn't reveal his positions, and only jeer at people in forums where the stocks are dropping. Just check his past comments. Sien lah these people.

Posted by neWbie606 > 2021-11-14 22:39 | Report Abuse

LoL...

Posted by neWbie606 > 2021-11-14 22:51 | Report Abuse

Does ESOS dilute the value of incumbent shares I wonder.

Posted by NoviceJ > 2021-11-14 23:02 | Report Abuse

If you are working in the company and have a chance of buying the shares at a discounted prices of 7%(53.5 vs 50 cts) would you proceed if you think that the prices will go lower, bearing in mind that these are the people working in the company and know the company best

Posted by neWbie606 > 2021-11-14 23:18 | Report Abuse

I see. Thanks NoviceJ.

Posted by Johnchew6 > 2021-11-15 06:55 | Report Abuse

Monday , 15/11 ..Nov5, T+6 balance = 6.2 mil , ie meaning retailers picked up 13.6 mil share .. ( so far 31.2 + 21.1 +10.5 + 13.6 )

Nov 8, T + 5 = 10.0 mil

Nov 9, T + 4 = 8.7 mil

Nov 10, T + 3 = 12.5 mil ( a good sign )

Nov 11 , T + 2 = 10.7 mil

Nov 12, T+ 1 = 7.0 mil

Predicted price range : 0.525 to 0.550...

Posted by AnakUlarSawa > 2021-11-15 09:24 |

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