Posted by positiontrader > 2021-12-06 10:17 | Report Abuse

IMO - Chart wise, Hiap Teck is still going south. Practically all steel counters are also weak.

Potential RM13.4m fine from IRB is hanging around Hiap Teck neck.

Prefer to give Hiap Teck a pass and wait for a good bottom support before committing my capital.

Posted by Johnzhang > 2021-12-06 11:33 | Report Abuse

@kamcheonghui, I am just a very ordinary investor. I can not tell if Hiapteck will fall further to below 45 sen. This is because price for the best stock is also at the mercy of the broader market sentiment which unfortunately is very poor for Bursa . Since I am taking at least 6-12 months view I am therefore not too concerned of possibly further price correction , especially buying in at 45 -46 sen. Afterall, no one has the crystal ball to know the next price !

Posted by sharemarket21 > 2021-12-06 12:10 | Report Abuse

Windows dressing is approaching, lo and behold as fund managers and big boys are leaving for long waited holiday break since the last travelling restriction. Focus on your target price and not tenure. There is no such thing long or short term unless your target price is far reaching. Be patient for a little while and let's see how this folds.

Posted by hantamking > 2021-12-06 12:36 | Report Abuse

Steel price go up again ^^

Posted by hantamking > 2021-12-06 14:18 | Report Abuse

https://tradingeconomics.com/commodity/steel

Steel price recover^^

Posted by MoneyMakers > 2021-12-06 14:26 | Report Abuse

Small rebound steel price means nothing after huge crash

Historically price only 30sen at current steel price

Posted by hoot9e996 > 2021-12-06 14:29 | Report Abuse

steel price need to reach back 5k !!!

Posted by lee901 > 2021-12-06 14:37 | Report Abuse

Wow...below 0.45....
Those follow Ooi jia lat.

Posted by kamcheonghui > 2021-12-06 15:51 | Report Abuse

Thanks Sifu John Zhang i like to buy good profit making company and hold as long as the company making profit. My first target price is 0.70.

Posted by OTB > 2021-12-06 15:53 | Report Abuse

In the eighty, any stock with PER < 15 is considered to be a cheap stock.
Presently there are many stocks trading at a PER < 5.
Many investors still said it is still expensive.

Posted by paktua73 > 2021-12-06 15:55 |

Post removed.Why?

Posted by OTB > 2021-12-06 16:03 | Report Abuse

Genetec is trading at a PER = 95 times, still shout buy. The share price is 36.00.

Hiaptek is trading at a PER = 4.67 times, still shout sell.
I am really speechless.

Posted by CharlesT > 2021-12-06 16:05 | Report Abuse

Different lah...one small cap n oredi being cornered with corporate exercise

U never go thru Second Board Party during 1990s meh

Posted by CharlesT > 2021-12-06 16:06 | Report Abuse

Hiaptek is the biggest in terms of number of shares among all glove co

Bsides, yr bet on Hiaptek is the same like JAKS...on their JV sweet story

Posted by CharlesT > 2021-12-06 16:08 | Report Abuse

From my observation, most commodity based co trades in single digit PE due to their cyclical nature in biz

However, many of our oil n gas co traded at double digit PEs in the past, prior to 2017.

At the end all die hard

Posted by Sslee > 2021-12-06 16:16 | Report Abuse

Plantation Bplant also single digit PE and some more giving dividend every quarter.

Posted by OTB > 2021-12-06 16:17 | Report Abuse

Aluminium and steel are commodity too.
The price of aluminium is also dropping.
Aluminium and steel are 2 the most important metal used in EV.
Pmetal is trading at a PER of 59 times.
The market cap of Pmetal had increased from 5 billion to 50 billion.
Market cap of Pmetal has increased 10 folds.

Posted by OTB > 2021-12-06 16:22 | Report Abuse

It is a matter of which syndicates or fund managers are powerful.
The syndicates or fund managers of Pmetal is super.
The fund managers of Pmetal is helping to push up the share price.

I think the syndicates or fund managers of Hiaptek is helping to push down the share price to buy them cheap.
No logic the share price is lower than esos or warrant conversion price at 0.50.
I had thought about it for a few nights.

Posted by lee901 > 2021-12-06 16:27 | Report Abuse

Otb...then why nt use ur fd sai lang now?
Since u said co cheap many weeks alr.

Posted by OTB > 2021-12-06 16:30 | Report Abuse

Posted by CharlesT > Dec 6, 2021 4:25 PM | Report Abuse

I only see Koon Bee as the key funds behind Hiaptek....
-------------
Do not waste your time to speculate on me.
I do not have so much money to push up the share price of Hiaptek.
My group is also a small investor here.

Posted by CharlesT > 2021-12-06 16:31 | Report Abuse

Thats too humble of u.....

Posted by Johnzhang > 2021-12-06 16:39 | Report Abuse

The problem is not about the stock , it is about the dying Malaysian stock market that both local institutions and foreign investors deserting. Without sufficient buying interest, the price is drifting lower and lower.

Posted by Stock Kingdom > 2021-12-06 16:41 | Report Abuse

Normally, it was below 5 during normal time, about 10 at peak time. Is it a normal time now?

CharlesT From my observation, most commodity based co trades in single digit PE due to their cyclical nature in biz

06/12/2021 4:08 PM

Posted by MoneyMakers > 2021-12-06 17:03 | Report Abuse

Everyday creeping lower&lower since steel price crash

Just close eyes & watch it drop to 30sen (historical price based on current steel price)

Posted by hantamking > 2021-12-06 17:05 | Report Abuse

moneymakers , how u know? where is the support news !!!

Posted by hantamking > 2021-12-06 17:05 | Report Abuse

we all watching ur comment u know! prepare report u

Posted by MoneyMakers > 2021-12-06 17:18 | Report Abuse

Aiyoo do whatever also wont help share price up when fair value only 30sen

Posted by cckiong > 2021-12-06 17:22 | Report Abuse

china steel future recovers to 4400 already

Posted by paktua73 > 2021-12-06 21:19 |

Post removed.Why?

Posted by Beltland > 2021-12-07 00:43 | Report Abuse

hantamking moneymakers , how u know? where is the support news !!!
06/12/2021 5:05 PM


Ans : hantamking ,Please cool down , trust on company official news published on newspaper only !

The edege :In an exclusive interview with The Edge, Hiap Teck executive director Law Wai Cheong highlights that its 27.3%-owned ESSB has gained a strong foothold in the local steel industry and is now ready for its next step — a RM3 billion expansion and a venture into the hot rolled coil (HRC) business.


Notably, Hiap Teck announced last Monday that Shanxi Jianlong had injected RMB500 million cash (RM325.6 million) into ESSB, thus raising its stake in the company to 68.8%, from 60% previously. As a result, Hiap Teck’s shareholding in ESSB was diluted to 27.3%, from 35%, and Chinaco Investment Pte Ltd’s stake in ESSB was watered down to 3.9%, from 5%.




Hiap Teck buys land for expansion | The Starhttps://www.thestar.com.my › business › 2021/09/09
9 Sept 2021 — PETALING JAYA: Hiap Teck Venture Bhd has proposed to acquire a 21.26-acre parcel of land in Kuala Selangor for RM48.61mil for its future ...





Worst is over for Hiap Teck | The Starhttps://www.thestar.com.my › business › 2020/11/28
28 Nov 2020 — The project is estimated to cost RM3bil, which will be funded by the state government. ... Hiap Teck buys land for expansion




This is an open free forum,everybody entitle to write out their opinions; among them some are saddish can't even take out RM 3000 to buy share but come here to make all sorts of Road Side Medicine seller stories,some of them are jobless drug addict dropped here to let go fantasy dream .

So ,long term investors, no need to worry a lot because during bearish market share price down trend is normal and will rebound back when market recover.


Hold your trust to Hiaptek and Jianlong who dare to invest billion in the steel industry !!


Hold tight !

Posted by nm1902 > 2021-12-07 08:49 | Report Abuse

otb and friends still hold hiaptek?

Posted by MoneyMakers > 2021-12-07 13:50 | Report Abuse

Steel price alrdy crash..matter of time b4 collapse to 30sen (fair value based on current steel price)

Posted by Colgate > 2021-12-07 14:31 | Report Abuse

After 5, come join me eat Chicken Kent Brand. Today can sell a bit at 46 sen. Thanks FOC Chicken Kent Brand. Every time chance eat Chicken FOC. Don’t want? Now Chicken meats in the wet market more expensive... Have FOC eat Chicken Kent Brand must take chance eat much as possible. Haha FOC.

Posted by Colgate > 2021-12-07 14:39 | Report Abuse

Can see syndicate(s) here very hard working. I also hard working eat FOC Chicken Kent Brand from syndicates give me FOC Chicken Kent brand. Thanks syndicates here. Syndicates movie I know, very easy. Haha syndicates can not hit me. Haha.

Posted by Primeinvestor > 2021-12-07 16:51 | Report Abuse

when otb run, u buy, when otb call buy, u better run... otb came out report ask people to run and don buy anymore

Posted by Primeinvestor > 2021-12-07 16:51 | Report Abuse

china easing monetary policy, good for demand, gonna bounce hard

Posted by Beltland > 2021-12-07 16:53 | Report Abuse

Worst is over for Hiap Teck | The Starhttps://www.thestar.com.my › business › 2020/11/28
28 Nov 2020 — The project is estimated to cost RM3bil, which will be funded by the state government. ... Hiap Teck buys land for expansion


Hold your trust to Hiaptek and Jianlong who dare to invest billion in the steel industry !!


Good closing !

Hold tight !!!!!!!!!!!!

Posted by TanDavid88 > 2021-12-07 17:05 |

Post removed.Why?

Posted by OTB > 2021-12-07 21:41 |

Post removed.Why?

Posted by OTB > 2021-12-07 23:02 | Report Abuse

Woh !! So good.
Should make a lot of money.
Should have better records than mine.
Please show us your good records in I3.

Waste time !!
Resort to personal attack.
Should comment on Hiaptek only, not personal attack.
Nothing better to do, want to pick a fight here again.

Posted by MoneyMakers > 2021-12-08 12:19 | Report Abuse

This week low alrdy set 44sen..wait nxt week break new low @ 40sen

Posted by winwin88888888 > 2021-12-08 16:10 | Report Abuse

wait slow la u ~ lets see today close at 0.475 and above .

Posted by winwin88888888 > 2021-12-08 16:11 | Report Abuse

Potential share ~ so believe it

Posted by serbatipu > 2021-12-08 16:45 | Report Abuse

the price might just rebound 10-20 send when come to qr , dead stock stop dreaming. old man waiting to sell his 5th & 6th floor condo.

Posted by MoneyMakers > 2021-12-08 17:07 |

Post removed.Why?

Posted by MoneyMakers > 2021-12-08 17:07 | Report Abuse

Everyone looking 4 exit..historically only 30sen at current steel price

Last person at table pays the check

Posted by weisheng1998 > 2021-12-08 18:51 | Report Abuse

No reason to dump Hiap Teck - Koon Yew Yin
End: Hiaptek CFO dump share haha

Posted by lee901 > 2021-12-08 20:28 | Report Abuse

Director also disposing hiap teik.
Retailer bcm hero follow sifu O?

Posted by MoneyMakers > 2021-12-08 22:13 |

Post removed.Why?

Posted by Beltland > 2021-12-08 23:25 | Report Abuse

This is an open free forum,everybody entitle to write out their opinions; among them some are sadist can't even take out RM 3000 to buy share but come here to make all sorts of Road Side Medicine seller stories,some of them are jobless drug addict dropped here to let go fantasy dream .

So ,long term investors, no need to worry a lot because during bearish market share price down trend is normal and will rebound back when market recover.


Hold your trust to Hiaptek and Jianlong who dare to invest billion in the steel industry !!

Short term investors who lost money don't blame Mr.OTB because he already told you earlier that there is no sure win investment product in the market !

Long term investors , hold tight !
07/12/2021 12:43 AM
08/12/2021 11:24 PM