When you see Rr88 coming here, we are too late to buy Hi tech lah. Now or tomorrow I still buy here. I am beginning to love steel or iron here. Tksw Sir is the real taukeh here. Thank you Sir.
tksw, stop calling me sifu as I no sifu. & Young man right. Dun beliv my words. Do read the annual report, quarterly report and analyst presentation deck. The reason I can think off for the continuevpressure of the price might due to the Red sea conflict. With 40% production export To Turkey, it will affect the revenue if it is affected. However, I believe this is short term.
The red sea conflicts is an issue affecting many exporters and not Hiaptek alone. And it is not a show stopper because there is another route which take 9 to 14 days more to reach the destination. Usually seller is FOB port and buyer responsible for the shipping cost but I'm not sure in ESSB arrangement. The demand might reduce due to higher shipping charges because longer route but then Malaysia steel export to Turkey has added advantage. Under MTFTA, the Malaysian steel exports to Turkey should be fully tax-free starting August'23. That also explains the sudden rise in ESSB exports to Turkey for 0 a year ago to 46% currently. And again, if the drop of HTVB is really due to the conflicts, i deem this is short term because it affect other company and not to mention countries as well.
Yes...accumulate slowly and I'm doing the same too. I now waiting for the upcoming Q report (For Nov -Jan). It should show the full capacity of 2.7mil MT since the new blast furnace was put into operation on 8th Oct'23. However, management did say that it will only go achieve full capacity in 1Q'24.
55 cents? Hmm, I'm aiming a little bit higher than that....anyway, TP varies on each individual and timeframe. All is certain is ESSB is growing and should benefit HTVB. Completing the HRC mill is only phase 2. There is a phase 3 plan to grow to 5Mil MT but lets reap the fruits for phase 2 1st. Like cold eyes said, most important criteria is growth. No growth dun buy. @^_^@
Every investor have their own way in investing. I guess because it broken the sma200 indicator which suppose to be a strong support. Once broken, it indicate sign of downtrend. That is why heavy selling. I not a technical person. Hence I will stick to accumulate at weakness and wait for upcoming QR.
Trader investor need to adhere to their strategy and hence if certain signal shows downtrend, they need to cutloss. While Fundamental investor will continue to monitor and add as long the fundamental did not change, it is opportunity to add more. So, let's wait and see how it turns out in the 2Q.
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investopology
1,973 posts
Posted by investopology > 2024-01-15 17:25 | Report Abuse
Everyone is eyeing hiaptek. The king of goreng.