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Despite recording an operational loss as cheaper steel compressed its margins, steel manufacturer Hiap Teck Venture Bhd reported a net profit of RM34.7mil in the first quarter of financial year 2025 (1Q25), driven by contribution from its joint venture.
KUALA LUMPUR: Faced with a prolonged downtrend in steep prices, Hiap Teck Venture Bhd has turned its focus to streamlining operations and optimising costs.
PETALING JAYA: Weak steel prices, albeit starting to show signs of recovery, will continue to pose a challenge to Hiap Teck Venture Bhd’s near-term profitability, says Hong Leong Investment Bank (HLIB) Research.
PETALING JAYA: Steel manufacturer Hiap Teck Venture Bhd is expected to weather near-term challenges and have an improved business outlook over the longer-term.
Hiap Teck Venture Bhd has cautioned against a challenging global steel market, particularly in China due to weak domestic demand that is driving increased exports.
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
PETALING JAYA: Hiap Teck Venture Bhd is poised to benefit from the impending rollout of mega infrastructure projects and robust private sector job flows in Malaysia.
KUALA LUMPUR: Shares in Hiap Teck Venture Bhd were lifted 2.35% in active trading on Monday following a positive quarterly result.
KUALA LUMPUR: Here are the announcements that made headlines on Corporate Malaysia.
PETALING JAYA: Local steel stocks have largely been perceived negatively by investors because of their volatile historical earnings trend because of China’s overcapacity issue.
Analysts are upbeat about Hiap Teck Venture Bhd’s (HTVB) earnings outlook due to improving demand prospects for steel products.
KUALA LUMPUR: Stocks in the spotlight on Thursday include Glomac, Khee San, Hiap Teck Ventures, Gamuda, SCGM and Bintai Kinden, said JF Apex Research.
KUALA LUMPUR: Hiap Teck Venture Bhd remains cautious due to potential challenges and increased volatility in steel prices, financial markets, and geopolitical tensions, both domestically and externally.
KUALA LUMPUR: Gamuda Bhd, Boustead Plantations Bhd (BPlant), LB Aluminium Bhd, Comintel Corp Bhd, IOI Properties Group Bhd, Malaysian Pacific Industries Bhd (MPI), Hiap Teck Ventures Bhd, Heitech Padu Bhd and MyEG Services Bhd (MyEG) are among the stocks to watch on Thursday.
KUALA LUMPUR: Stocks that could be on investors' radar screens include KLK, Sapura Energy, Yinson, Hiap Teck, Crest Builder, Astro, EcoWorld Malaysia, Scientex, Pestech and Ranhill Utilities, said Apex Securities Research.
KUALA LUMPUR: Hong Leong Investment Bank (HLIB) expects Hiap Teck Venture Bhd to be due for a re-rating on the back of improving sector earnings prospects.
Hiap Teck Venture Bhd remains cautious of developments on both the domestic and external fronts, particularly on the challenges caused by heightened volatility in steel prices, financial markets and geopolitical tensions.
KUALA LUMPUR: Stocks to watch on Thursday include Swift Haulage Bhd, Hup Seng Industries Bhd, AME Real Estate Investment Trust (AME REIT), Duopharma Biotech Bhd, OCK Group Bhd, Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) and Hiap Teck Venture Bhd.
KUALA LUMPUR: Stocks in focus on Friday include Sapura Energy, Kerjaya Prospek, Sunway, Kim Loong, Glomac, Gamuda, Hiap Teck, Pensonic and Jiankun, said Apex Research.
The recovery in steel prices is expected to help Hiap Teck Venture Bhd record better financial results for the second half of its financial year ending July 31, 2023 (2H23).
