HIAP TECK VENTURE BHD

KLSE (MYR): HIAPTEK (5072)

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Last Price

0.42

Today's Change

-0.01 (2.33%)

Day's Change

0.41 - 0.435

Trading Volume

21,555,300


16 people like this.

17,406 comment(s). Last comment by YieldSeeker 37 minutes ago

lwh888

167 posts

Posted by lwh888 > 2016-06-29 10:59 | Report Abuse

WA got hope if mother hit to 0.69 level.in 2 mths time... lol..

emos82

75 posts

Posted by emos82 > 2016-06-29 14:50 | Report Abuse

Keep buying , nice drop n(^*^)n

naaim207

366 posts

Posted by naaim207 > 2016-06-29 14:53 | Report Abuse

indeks so green, but all hiaptek mother & sons, in deep red

Posted by Gunasegaran Indran > 2016-06-29 14:56 | Report Abuse

Lucky cut loss at 0.24

zhm540

2,475 posts

Posted by zhm540 > 2016-06-29 15:20 | Report Abuse

profit taking first then buy back... later they will push up again...

zhm540

2,475 posts

Posted by zhm540 > 2016-06-29 15:37 | Report Abuse

every drop especially LA present an opportunity to buy... buy 25s now in 5 years sell at 50s with 5% annual interest!

bigbigboss

441 posts

Posted by bigbigboss > 2016-06-29 15:43 | Report Abuse

agreed with zhm540

lwh888

167 posts

Posted by lwh888 > 2016-06-29 15:53 | Report Abuse

LA dont have dividend zhm540..in which HTV every year also pay dividend policy.

murali

5,723 posts

Posted by murali > 2016-06-29 15:54 | Report Abuse

Posted by zhm540 > Jun 29, 2016 03:37 PM | Report Abuse

every drop especially LA present an opportunity to buy... buy 25s now in 5 years sell at 50s with 5% annual interest!

If only the co is still around by then....

zhm540

2,475 posts

Posted by zhm540 > 2016-06-29 15:56 | Report Abuse

if you want quick return, go for Warrant B, at 8s it is cheap.

rkpvr

573 posts

Posted by rkpvr > 2016-06-29 16:31 | Report Abuse

Not exactly I would rather purchase at .5/.6 cents...Good luck

faralenz77

1,019 posts

Posted by faralenz77 > 2016-06-29 17:07 | Report Abuse

4cts

lwh888

167 posts

Posted by lwh888 > 2016-06-29 17:18 | Report Abuse

12 cts

Longlife

62 posts

Posted by Longlife > 2016-06-29 17:21 | Report Abuse

a lot joker here

bigbigboss

441 posts

Posted by bigbigboss > 2016-06-29 17:44 | Report Abuse

haha

funda

484 posts

Posted by funda > 2016-06-29 17:49 | Report Abuse

results out!.. . 10 mil profit!

bigbigboss

441 posts

Posted by bigbigboss > 2016-06-29 17:50 | Report Abuse

longlife how about china there ? still have chinaman buying ?

A1688

12 posts

Posted by A1688 > 2016-06-29 17:52 | Report Abuse

Good quarter

bonus

245 posts

Posted by bonus > 2016-06-29 17:53 | Report Abuse

Good result!!!! Tmrw fly?

Posted by Kelvin Lam > 2016-06-29 17:55 | Report Abuse

finally turn profit tmr jump up haha, cover the lose

Longlife

62 posts

Posted by Longlife > 2016-06-29 18:02 | Report Abuse

Yup they will sign at July , and after that u will see hiaptek will become the most stronger iron company in malaysia

emos82

75 posts

Posted by emos82 > 2016-06-29 18:31 | Report Abuse

Take your sitbelt ready to fly like rocket!!!! Nice result 11m !!

vitac

520 posts

Posted by vitac > 2016-06-29 18:40 | Report Abuse

Fly? if you mixed all 3 quarter together still loss around 50million, if 4q can make 50m, then breakeven only.

Longlife

62 posts

Posted by Longlife > 2016-06-29 18:43 | Report Abuse

Haha tomorrow ready to see it show , cut lose person just cry and buy back :)

Longlife

62 posts

Posted by Longlife > 2016-06-29 18:44 | Report Abuse

Now this looking will be second airasia

OPMS

1,183 posts

Posted by OPMS > 2016-06-29 18:47 | Report Abuse

some stock doesn't even related to logic...

bigbigboss

441 posts

Posted by bigbigboss > 2016-06-29 18:52 | Report Abuse

haha , dont say so much see tomorrow

setia2u

971 posts

Posted by setia2u > 2016-06-29 19:52 | Report Abuse

Yes, turnaround company ...

beanchan

149 posts

Posted by beanchan > 2016-06-29 21:02 | Report Abuse

It's time to collect hiaptek...

ivan9511

3,854 posts

Posted by ivan9511 > 2016-06-29 21:04 | Report Abuse

setia2u and
beanchan ,
then someone who sub RI this year consider win or loss ?

OngLai88

1,234 posts

Posted by OngLai88 > 2016-06-29 21:32 | Report Abuse

Hiap Teck returns to profit in 3Q on better selling prices


http://www.theedgemarkets.com/my/article/hiap-teck-returns-profit-3q-better-selling-prices

Posted by HugoMorales > 2016-06-29 22:10 | Report Abuse

lonely days we can fly
Yutaka na hibi ni natsukashiku omou
lonely nights we can fly
Ok! Thank you for your love

wonderboy

225 posts

Posted by wonderboy > 2016-06-29 23:42 | Report Abuse

Yutaka na hibi "wo" natsukashiku omou? correct me if i wrong haha

Machho

412 posts

Posted by Machho > 2016-06-29 23:42 | Report Abuse

Target how much..

modestos

49 posts

Posted by modestos > 2016-06-30 02:30 | Report Abuse

NTA at RM1 with continuous quarter of profits. We shall see this counter to hit more than RM1. China has been the major funder of mega projects here and Chinaco shall take a bite into these projects. Lets watch July participation of Chinese investment into the company. Too big to fail.

Posted by Gunasegaran Indran > 2016-06-30 09:20 | Report Abuse

High volume but no strong push up...

adamdacutie

1,448 posts

Posted by adamdacutie > 2016-06-30 09:36 | Report Abuse

Let's go let's go hiaptek ku

Posted by chewyee5911 > 2016-06-30 09:41 | Report Abuse

becoz there is sumbody keep selling at 0.215

Machho

412 posts

Posted by Machho > 2016-06-30 09:42 | Report Abuse

Better jump off the boat..

zhm540

2,475 posts

Posted by zhm540 > 2016-06-30 09:51 | Report Abuse

today is T+4 for those who bought before the rights listing... time to collect lah....

zhm540

2,475 posts

Posted by zhm540 > 2016-06-30 09:52 | Report Abuse

I would go for WB instead... buy now at 8 sen naik 2 sen is more than 20% return already!

binary

76 posts

Posted by binary > 2016-06-30 10:16 | Report Abuse

crazy games...keep selling at 0.215 unstop....arghhhhhh...

Posted by Gunasegaran Indran > 2016-06-30 10:41 | Report Abuse

Closing will be back at 0.20

Posted by secretnews > 2016-06-30 10:54 | Report Abuse

KUALA LUMPUR (June 29): Steel maker Hiap Teck Venture Bhd has turned a profit in its third financial quarter ended April 30, 2016 (3QFY16) following six successive quarters of net losses. It booked a net profit of RM10.59 million or 1.49 sen per share compared with a net loss of RM5.19 million or 0.73 sen loss per share a year ago.

In a filing with Bursa Malaysia today, Hiap Teck said better selling prices in the quarter under review had led to improved gross profit margin, thus resulting in better profit.

The profit registered in 3QFY16 is due to share of profit contributed from its jointly controlled entity, Eastern Steel Sdn Bhd, as compared to a share of losses in previous corresponding quarter.

Hiap Teck owns a 55% stake in Eastern Steel, while Orient Steel Investment Pte Ltd owns 40% and Chinaco Investment Pte Ltd the remaining 5%.

This was despite Hiap Teck's revenue falling 14.9% to RM285.05 million in 3QFY16, from RM335.05 million in 3QFY15.

In the cumulative nine-month period (9MFY16), Hiap Teck still incurred a net loss of RM49.44 million or 6.93 sen loss per share from RM8.43 million or 1.19 sen loss per share in 9MFY15, while revenue dropped by 7% to RM877.52 million from RM943.62 million.

Moving forward, Hiap Teck noted that world steel prices have shown improvement after the Chinese government introduced measures to shut down loss-making and obsolete steel plant.

"It is widely accepted that the recent price hike was attributed by China's lower production capacity. However, the global steel prices still remain volatile," it said.

"Should there be no significant change in global steel demand, any increase in steel supply will affect steel prices and some of the increases secured earlier could evaporate," it warned.

In view of this, Hiap Teck said it has implemented more stringent control on the group's procurement and inventory management.

Domestically, Hiap Teck said the development and infrastructure projects under the 11th Malaysia Plan will lead to increase in demand for steel products and building materials.

The group added that it is optimistic that demand for steel products will surge in the local market with the rolling out of the mega projects such as Mass Rapid Transit Line 2 and Light Rail Transit Line 3.

"The group will also continue to actively enhance its productivity and efficiency and to increase its competitiveness in the industry," said Hiap Teck.

Hiap Teck shares fell half sen or 2.38% to close at 20.5 sen today, which is near its all-time low of 20 sen recorded on Feb 11 this year. It has a market capitalisation of RM146.15 million.

naaim207

366 posts

Posted by naaim207 > 2016-06-30 11:17 | Report Abuse

as today is t4, can't expect price up today. rooting for tomorrow

WhoKnows

778 posts

Posted by WhoKnows > 2016-06-30 14:25 | Report Abuse

t4 force sell at 4pm, see after that if can move, if not, tmw also same same

Posted by chewyee5911 > 2016-06-30 15:34 | Report Abuse

will there a massive sell on 4pm? juz like comcorp last time?

WhoKnows

778 posts

Posted by WhoKnows > 2016-06-30 16:30 | Report Abuse

no massive sell down, but price not moving, so expect it to hover around this price until the next catalyst....

stockmanmy

6,977 posts

Posted by stockmanmy > 2016-06-30 16:33 | Report Abuse

got 35 million shares done.
that is catalyst

WhoKnows > Jun 30, 2016 04:30 PM | Report Abuse

no massive sell down, but price not moving, so expect it to hover around this price until the next catalyst....

Posted by chewyee5911 > 2016-06-30 16:53 | Report Abuse

i enter 0.25. now stuck at this counter... dunno when can recover back.

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