HG Metal

[BlueKelah]

Fall into my deep value radar, buying

Suggest u look into why it has so much cash. This co. Issued many rights warrants that kind of things before.

Aeh and hupsteel are good alternatives..
Sent from my MotoG3 using Tapatalk

[bargainhunter]

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

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

Open Letter by Quarz to the management of HG Metal

[GenS70]

Fall into my deep value radar, buying

Suggest u look into why it has so much cash. This co. Issued many rights warrants that kind of things before.

Aeh and hupsteel are good alternatives..
Sent from my MotoG3 using Tapatalk

deep value buy HG metal has turned out ok after all, > 50% return in less than 9 mths!!!

[weijian]

It is interesting to note that HG Metal expect raw material (in this case, steel) shortages to last for just ~ 6months. I wonder what will happen for the other type of raw materials in 2 months time?

Will the feared inflation be tempered down after all? After all, the only sort of inflation that is certain is "asset inflation" but any other sorts may eventually come to pass?

RESPONSE TO SUBSTANTIAL AND RELEVANT QUESTIONS FROM SHAREHOLDERS AND SECURITIES INVESTORS ASSOCIATION (SINGAPORE) ON THE COMPANY’S ANNUAL REPORT FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 (“FY2020”)

How is steel price? Past, now, future?

Steel prices remain muted as consumption momentum continued to slow since 2017. Since the 4th quarter of 2020, rapid construction and industrial recovery from COVID-19 lockdowns are outpacing capacity restarts, so supplies remain tight resulting in current rising prices.

We expect these shortages will not last and prices will retreat over the second or third quarter as supplies normalize. Downside risk is also high if COVID-19 worsens in the coming months resulting in manufacturing and construction activities becoming idle for extended period of time; if so, steel demand and prices will fall under such circumstances

https://links.sgx.com/FileOpen/HG-Annc-R...eID=662211

[weijian]

I wonder what are the non-substantial questions sent in by shareholders? (underline mine). Will food be served at AGM? Will transport be catered to/from MRTs?

Jokes aside. Good questions coming from SIAS and reading the replies definitely does not give anyone, confidence in the company.

ANNUAL GENERAL MEETING TO BE HELD ON 26 APRIL 2024 - RESPONSES TO SUBSTANTIAL AND RELEVANT QUESTIONS FROM SHAREHOLDERS AND SECURITIES  INVESTORS ASSOCIATION (SINGAPORE) (“SIAS”)

The Company wishes to inform that as at the date of this announcement, the Company has responded to shareholders individually on all non-substantial questions. Other than this, the Company did not receive any substantial and relevant questions from shareholders as at the deadline stated in the Notice of Annual General Meeting ("AGM”) dated 4 April 2024

HG Metal AGM Q&A for SIAS
https://links.sgx.com/FileOpen/HG-Annc-R...eID=797265