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i dont think this industry product price will keep go high , if not most developer die and no market later . . around 70cents is price for me to take profit , no regret .
This steel counter got fundamental n better profitability than Lion industry n those smaller steel manufacturers… See can go up to 72-74 cents next week or not … With China changing their policies n restrict steel production, those better fundamental steel manufacturers should make profits better than 2 years ago …
Investors who have faith to Hiap teck can collect at below 56-57 cents… Hiap teck is better fundamental n profitability than Lion industry n Southern steel…
Many retail investors blaming KYY as if KYY can control the share prices of steel counters or Hiap teck … Steel prices n aluminium price falling in China n half of the world trigger profit taking… should be …
Steel prices will drop in China coz Chinese government doesn’t like speculation in iron ores , copper , steels n so on but USA facing shortage of steels… Steel may drop but doesn’t need to be panic … For Hiap teck , investors need to predict next quarter result drop a bit or up a bit, anyhow at below 56-57 cents, it is undervalued n it is more profitable than 80% -85%of the steel counters in Bursa …
