HupSteel

[brattzz]

i say don't sell, rent out okay, price not attractive anyway...

[bargainhunter]

i say don't sell, rent out okay, price not attractive anyway...

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

[bargainhunter]

http://infopub.sgx.com/Apps?A=COW_CorpAn...334e1e00f1

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

[bargainhunter]

http://infopub.sgx.com/Apps?A=COW_CorpAn...5a92e9214d

company bought back another 110 lots at 0.695 and 0.70.

[kelvesy]

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?

[bargainhunter]

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...eID=452295

[bargainhunter]

http://infopub.sgx.com/Apps?A=COW_CorpAn...b451dd1f0c

Company managed to buy back only 9.7 lots from 0.695 to 0.71 on 24/5.

[bargainhunter]

http://infopub.sgx.com/Apps?A=COW_CorpAn...dbfebbf92f

Company only managed to buy back 900 shares yesterday.

[bargainhunter]

http://infopub.sgx.com/Apps?A=COW_CorpAn...89688f3c20

Company bought 61 lots at 0.715 and 2.5 lots at 0.71 = total 63.5 lots today.

[bargainhunter]

https://www.nextinsight.com.sg/story-arc...rz-capital

http://en.prnasia.com/story/178962-0.shtml

aren't the points raised by Quarz for HG Metal also valid points for Hupsteel?