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
- STEEL, Industrial Product & Services
- Market Capitalization : RM309.01m
- Share Floats: 1.373b
- Website : http://www.htgrp.com.my/
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TECHNICAL ANALYSIS - Nearing BREAKOUT (BO)
Refer below the price and volume chart with key EMAs for HIAPTEK
A few observations on the daily chart.
- Refer Circle 1, the Price Highest Volume broke most major resistances.
- Refer Circle 2, the Breakout Price of 0.0240
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Executive Deputy Chairman of the Board ACQUIRING more Stake in the company
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RALLY IN CONSTRUCTION SECTOR
- 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:
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Nearing BREAKOUT (BO) with 52-Weeks Price Highest Volume of 0.240
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TAN SRI DATO' LAW TIEN SENG a major shareholder and board member acquired more stake in the company
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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
