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Would technology one day make steel stockist redundant or less relevant?
Currently Steel maker -> steel stockist -> O&M industry.
what if some smart steel maker start online department and sell direct to O&M.
So steel maker -> O&M industry bypass the middlemen?
Will that be a big possible risk factor?
Does all the steel parts have to pass through singapore dealers before selling offshore?
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i think most of what's should be said of the company has already been said.
for those who wants know more can contact Ms Khoo Hui Ruo in Hupsteel for the corporate video.
Let's wait for more announcements.
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the core business seems to be dying....If buying HupSteel, might as well buy some other property counters for more direct exposure to property market...
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Agreed. If wanna property exposure must well buy into property counters
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The key for the mgt is to turn the biz ard.. for example marine sector building in sg is slowing down, n construction in sg is growing abit, n other countries is expanding in constructions.
So it is up to them to turn it ard, they hv forsaw the bloom in marine sector back then, n if they can turn ard nicely then it will be better this time rd... positioning themselve for the next steel boom.
Having say that the stock aint moving for time being
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Even if the tide turns, what is the real economic moat of its underlying steel business?
Can anyone just come in and replace Hupsteel?
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i see what u mean. i think the best is to wait for the annual report whuch might be out in 2-3mths time. but after the last sharebuyback, some 618m shares are left in the market botg owned by lim and the public.
and do take note, in a company spanning 3generations with so many descendents, there could be quite a no of family members with shareholdings not reflected in the annual report. thus, the real total holdings of the lim family would likely be higher than that reported even in the latest ar.