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HupSteel
11-02-2017, 04:54 PM,
Post: #721
RE: HupSteel
i say don't sell, rent out okay, Big Grin price not attractive anyway... Tongue
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 

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11-02-2017, 05:11 PM,
Post: #722
RE: HupSteel
(11-02-2017, 04:54 PM)brattzz Wrote: i say don't sell, rent out okay, Big Grin price not attractive anyway... Tongue

they are so picky with their potential tenants.  as i said, vacant for 1 1/2 years and counting.  *yawn*.   Confused

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18-05-2017, 09:52 PM,
Post: #723
RE: HupSteel
http://infopub.sgx.com/Apps?A=COW_CorpAn...334e1e00f1

company bought back 30 lots. 10 at 0.69 and 20 at 0.695.

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9 hours ago,
Post: #724
RE: HupSteel
http://infopub.sgx.com/Apps?A=COW_CorpAn...5a92e9214d

company bought back another 110 lots at 0.695 and 0.70.

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7 hours ago,
Post: #725
RE: HupSteel
Steel prices has gone up in the first quarter of this calendar year.

As a trading company, I know that HupSteel does not manufacture steel. How does the rise of steel prices affect their margins -- going forward? It should not be a big difference since it is all about demand of steel in Singapore?

Asia Enterprises managed by Yvonne, reported losses in its 1Q FY2017 (http://infopub.sgx.com/FileOpen/AEH1Q201...eID=452156)

I am also seeing Lee Metal, HG Metal, how is HupSteel different from their peers?

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2 hours ago,
Post: #726
RE: HupSteel
http://infopub.sgx.com/Apps?A=COW_CorpAn...469c876d25

looks like they queued 100 lots at 0.695 behind other buyers and could only get 4.8 lots. they bought the other 4.9 lots at 0.71 near closing.

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2 hours ago,
Post: #727
RE: HupSteel
(7 hours ago)kelvesy Wrote: Steel prices has gone up in the first quarter of this calendar year.

As a trading company, I know that HupSteel does not manufacture steel. How does the rise of steel prices affect their margins -- going forward? It should not be a big difference since it is all about demand of steel in Singapore?

Asia Enterprises managed by Yvonne, reported losses in its 1Q FY2017 (http://infopub.sgx.com/FileOpen/AEH1Q201...eID=452156)

I am also seeing Lee Metal, HG Metal, how is HupSteel different from their peers?

yes, i think its not a big difference.  the main thing for this company is probably still the assets.

The latest available per share data as at 31st Mar 2017 based on the May results announcement:

NAV $1.3455

Cash ($0.58325) + Accounts receivable ($0.10802) - ALL LIABILITIES = $0.69127
Inventories $0.20322  
Plant property equipment $0.16729
Investment Properties, including a brand new commercial building at 6 kim chuan drive $0.28068

Effectively, the current share price values the steel inventories, PPE and Investment property at next to nothing.

The company had also indicated that they are cost cutting.  I think they are putting in effort to at least stay barely profitable after writing down a lot of the inventories and accounts receivable last year.

http://infopub.sgx.com/FileOpen/Hupsteel-3QFY17.ashx?App=Announcement&FileID=452295

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