Posted by Mini Bull > 2023-12-07 12:19 | Report Abuse

cash is king

Posted by stncws > 2023-12-07 12:22 | Report Abuse

steel good future 2024 ! china money in Kemaman

Posted by hng33 > 2023-12-07 12:54 | Report Abuse

based on the internal agreement, ESSB plans to distribute 30% of its profit as a dividend, says Law, and this could start as early as 2025.

“Our capacity expansion will lead to multifold growth in ESSB’s revenue, with significant cost savings arising from the greater economies of scale. Hiap Teck looks forward to much greater contributions from ESSB in the immediate future,” he adds.

Posted by hng33 > 2023-12-07 22:46 | Report Abuse

Steel price just breakout 4000 per tonnes

Posted by Kevin Tam > 2023-12-09 19:34 | Report Abuse

One of the best steel counters in Bursa, 42-43 cents should be reasonable price to accumulate, many selling it while the company declare to come out money for Eastern steel expansion plan....short term view by many....

Posted by Income > 2023-12-10 11:20 | Report Abuse

To be successful in markets, traders should understand the crossover between asset classes & fund managers flow.

Posted by DickyMe > 2023-12-12 18:12 | Report Abuse

35 sen coming soon!

Posted by winmal > 2023-12-12 22:33 | Report Abuse

currently steel price have trend up to above RMB 4000 from RMB 3600 3 months ago.. likely hiapteck would generate better profit going forward
.as you may be aware price have been gradually trend up follow recent announcements of Eastern steel from 700k Mt to 2.7mil Mt. which eventually hiapteck will reported better in coming quarters

Posted by winmal > 2023-12-12 22:35 | Report Abuse

revive HSR & major infrastructure project will spur demand of steels

Posted by Income > 2023-12-14 07:24 | Report Abuse

Low Tec lah

Posted by Income > 2023-12-14 07:26 | Report Abuse

If you are confident, you can all in here???

Posted by garychee8 > 2023-12-14 15:23 | Report Abuse

bought 0.415

Posted by Mini Bull > 2023-12-14 15:59 | Report Abuse

from the price of steel, QR result will be better compare last Q

Posted by Income > 2023-12-14 17:49 | Report Abuse

Pretender

Posted by Mini Bull > 2023-12-14 17:49 | Report Abuse

Wrong prediction

Posted by hng33 > 2023-12-15 09:02 | Report Abuse

added last batch hiaptek at 39-39.5sen to average

Posted by hng33 > 2023-12-15 09:05 | Report Abuse

Hiaptek 3 fold increase in slab capacity is yet to unleash as maiden production only begin in Oct 2023. It will only able to reflect in next Q result.

In additional, the adverse impact on currency will revert to favorable impact as USD strength currently diminishing , RM will regain strength forward

Posted by hng33 > 2023-12-15 09:08 | Report Abuse

Steel price uptrend only begin Nov, and positive increase selling price will reflect in next Q. Upcoming infrastructure such as LRT pPenang, LRT johor, MRT3, HSR will serve major catalyst for steel demand forward

Posted by garychee8 > 2023-12-15 09:25 | Report Abuse

agree. tambah 0.395

Posted by garychee8 > 2023-12-15 09:28 | Report Abuse

perfect opportunity to accumulate..dont forget the div going ex on 4/01/24

Posted by tksw > 2023-12-15 09:28 | Report Abuse

Ppl run life

Posted by tksw > 2023-12-15 09:43 | Report Abuse

Company still made Mani wor.... Loss due to joint venture co. Losses. And the joint co. Losses due to forex translation loss. ... How?

Posted by hng33 > 2023-12-15 11:15 | Report Abuse

Next Q result

1. 3 fold increase capacity from eastern steel start to contribute
profit

2. USD index ease, RM regain strength

3. Current steel price uptrend

4. Major infrastructure to begin start next year, namely penang LRT, johor LRT, MRT3, HSR

5. Eastern steel HRC to begin production in Sept 2024

Posted by tksw > 2023-12-15 11:16 | Report Abuse

Garyxhee8 sifu and hng
Sifu veli.gwng, 395 oso dare to buy3. Now earned Mani oreidi....

Posted by hng33 > 2023-12-15 11:29 | Report Abuse

Don forget can entitle RM5 dividend first in Jan while waiting real boom profit in next Q result

Posted by tksw > 2023-12-15 16:47 | Report Abuse

Ooiyoh!!!!!430!!!!!

Posted by tksw > 2023-12-18 09:10 | Report Abuse

Pang72 sifu, I oso wonder why ESSB still keep expand capacity.... But hiaptek said it has shown strong operation and profit just the forex made it loss...

Posted by Income > 2023-12-18 09:47 | Report Abuse

Wow Bro Pang is here. Really Ong lah.

Posted by Income > 2023-12-18 09:48 | Report Abuse

Bro Pang, does Karma Grup still here???

Posted by hng33 > 2023-12-18 10:00 | Report Abuse

鋼市內需轉熱 掀起提貨潮…中鋼訂單量衝18個月高點

中鋼因應下游追單，積極規劃提升內需供應量，但當前看來，仍供不應求。業界認為，此舉將牽動明年鋼市量能，直接影響中鋼明年首季產銷。近期，中鋼業務副總劉敏雄鐵口直言「明年鋼市用噴的」，下游大戶的下單是否積極，將是最關鍵指標，值得後續關注

Posted by hng33 > 2023-12-18 10:02 | Report Abuse

近期大陸熱軋漲到人民幣4,000元以上，再也沒有回頭，顯示根基打得穩；由於大陸鋼價有撐，東南亞鋼市也挺住，價格止跌向上；美國行情更如同井噴般暢旺，美國熱軋底材二周來每公噸漲200美元，價格好、訂單量也多，燁輝一直接單

Posted by hng33 > 2023-12-18 10:09 | Report Abuse

Eastern steel is Malaysia sole slab steel producer, slab steel is upstream flat product, a key raw s
material for midstream HRC production.

Posted by tksw > 2023-12-18 10:22 | Report Abuse

hng sifu, not enuf info la... How it's quality and price? Can beat imported steel or not?

Posted by tksw > 2023-12-18 10:26 | Report Abuse

Need next quarter results to confirm...slow slow wait

Posted by hng33 > 2023-12-18 10:51 | Report Abuse

Eastern steel recent newly expansion second phase blast furnace, have increase 3 fold slab steel production volume. Most of slab steel are for export oriented, mainly export to Turkey and new market in Mexico, which is under north American free trade zone.

Export Slab steel is use for oversea mid stream HRC production, which in turn import back to Malaysia.

Next year, Sept, eastern steel will have own HRC mill, therefore, able to increase value chain, supply own HRC to meet all Malaysia demand

Posted by hng33 > 2023-12-18 10:58 | Report Abuse

歐美明年降息機會大，屆時美元指數下降，原物料行情將走揚，若俄烏與以巴戰爭結束，只要戰後重建題材浮上檯面，「明年可能用噴的，我很有信心」。

Posted by hng33 > 2023-12-18 11:57 | Report Abuse

Alliance steel is Malaysia largest long steel producer. But, it is unlisted and wholly own by China company. The main steel product are long steel mainly for construction sector.

Eastern steel main product is flat steel, upstream slab steel, main raw material for HRC. Currently, HRC is HOT HOT HOT flat steel , mainly to produce electronic, electric car, eletrical Applicance etc

Posted by tksw > 2023-12-18 11:57 | Report Abuse

Ooiyoh!!!!! 450 liao... Pamg sifu and hng sifu veli geng!!!? Profit more than 10% in 1 day!!!

Posted by stncws > 2023-12-18 12:06 | Report Abuse

45c.....50c.....2024...steel for construction..HSR

Posted by tksw > 2023-12-18 14:46 | Report Abuse

Pang sifu, dun seduce me to buy lar.... My hand veli itchy now....

Posted by tksw > 2023-12-18 14:49 | Report Abuse

445 I sold all 439-400 bot one. Scared die me when I got the 400 by parking 405 on Thursday. Gap down and hit 390.... Leg oso soft...

Posted by tksw > 2023-12-18 16:34 | Report Abuse

No leg oreidi

Posted by Ayong21 > 2023-12-18 21:25 | Report Abuse

Wow all are so confident and optimistic here. Seems like is time to reloan house and car, then hoot up with margin leverage to all in and up car.

Posted by tksw > 2023-12-19 08:45 | Report Abuse

Ayong sifu, and pang sifu, you scared me.....

Posted by hng33 > 2023-12-19 11:39 | Report Abuse

https://www.forbes.com/sites/dereksaul/2023/12/18/us-steel-a-symbol-of-american-strength-that-floundered-sees-shares-hit-12-year-high-on-15-billion-sale-to-nippon-steel/?sh=7ac68cc47dfe

Posted by hng33 > 2023-12-19 11:48 | Report Abuse

The implications of this acquisition extend far beyond corporate restructuring. Nippon Steel's move into the U.S. market comes at a time when the global steel industry is undergoing significant changes, focus on manufacturing sectors like electric-vehicle batteries and semiconductors could further drive steel demand.

Eastern steel latest 3 fold capacity in upstream flat steel is also target Mexico as main export its slab steel market, indirect entry into US lucrative automotive EV industries. Once HRC mill ready operation next year sept, midstream HRC aside meet local demand, also target export market

Posted by hng33 > 2023-12-19 11:53 | Report Abuse

Soaring prices have helped fuel consolidation in the steel industry in this decade. Steel prices more than quadrupled near the start of the pandemic to near $2,000 per metric ton by the summer of 2021 as supply chains experienced gridlock.

Prices have settled back to around $800 per metric ton now, but that remains at the top end of the spectrum for steel prices over the past six years. An extended economic rebound, particularly in the U.S ad China, have helped keep prices for flat-rolled steel elevated.

Posted by stncws > 2023-12-19 12:18 | Report Abuse

masteel..lion....monitor

Posted by tksw > 2023-12-19 15:14 | Report Abuse

Pang sifu, hiaptek moved down wor....😥😥😥

Posted by tksw > 2023-12-20 09:33 | Report Abuse

Pang sifu, careful, looks like buyers no mani to buy oreidi.... Nanti operator slap you....