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HIAP TECK VENTUR BHD

 

 

(HIAPTEK – Stock Code 5072, Main Market, Industrial Products & Services)

HIAPTEK is one of the leading steel companies in Malaysia.

 

HIAPTEK is currently trading at 0.225 with Price Highest Volume in a year. If it can break the Immediate resistance of BREAKOUT at 0.240 it can be very Rosy.

52-week range : 0.090 – 0.250

HIAPTEK-WB (COMPANY WARRANT)

EXERCISE VALUE : 0.500

EXERCISE RATIO : 1 : 1

MATURITY : 23 JUNE 2021

HIAPTEK-WB should be a cheaper option. However take into consideration of HIAPTEK-WB approaching maturity in less than a year. Mother Stock should be safer option for this Stock.

BASIC INFORMATION ABOUT HIAPTEK

  1. STEEL, Industrial Product & Services
  2. Market Capitalization : RM309.01m
  3. Share Floats: 1.373b
  4. Website : http://www.htgrp.com.my/

 

 

  1. TECHNICAL ANALYSIS - Nearing BREAKOUT (BO)

Refer below the price and volume chart with key EMAs for HIAPTEK

A few observations on the daily chart.

  1. Refer Circle 1, the Price Highest Volume broke most major resistances.
  2. Refer Circle 2, the Breakout Price of 0.0240

 

  1. Executive Deputy Chairman of the Board ACQUIRING more Stake in the company

 

 

 

 

  1. RALLY IN CONSTRUCTION SECTOR

 

 

  1. Expected strong demand of STEEL due to hopes of economic recovery in continuing the construction works after the impact of COVID 19.

 

 

CONCLUSION:

Considering all the above, I believe that HIAPTEK is attractive for MOMENTUM TRADING due to reasons below:

  1. Nearing BREAKOUT (BO) with 52-Weeks Price Highest Volume of 0.240

  2. TAN SRI DATO' LAW TIEN SENG a major shareholder and board member acquired more stake in the company

  3. HIAPTEK joining the Construction Counter RALLY theme for the past few days.

 

LET’S SEE HOW THE SHARE PRICE MOVEMENT IN THE NEXT TRADING DAY WITH EXPECTED OF BULLISH MOMENTUM.

Disclaimer: The above opinion is never intended to be a BUY CALL whatsoever. I am sharing my observations ONLY based on fundamental; past history; current trading pattern; charts etc. Please make your own informed decision before buying this share or whatever share for that matter.

 

BURSAMASTER



https://klse.i3investor.com/blogs/Bursa_Master/2020-09-14-story-h1513494138-COULD_IRON_AND_ROD_BE_THE_NEXT_GAME_CHANGER.jsp

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