HIAPTEK Stock Forum

KLCI had a brief retracement which led it to close red around the 1597 points region with an overall mixed market sentiment as we saw over 450 counters closing red along with it for the day. Daily trading volume settled around the 5.3 billion mark, which is still a decent sign though.
Main stocks that showed strong buying momentum would be the likes of UUE, VELESTO, HIAPTEK, PWRWELL, EKOVEST, CLOUDPT, WCT, SIMEPROP, MCLEAN, CMSB, IFCAMSC, IJM, SUNWAY...

Good morning mooers! Here are things you need to know about today's market:
●US Stocks Drop on Slowing Inflation and Strong Consumer Sentiment Data
●Johor Causeway Celebrates Centenary as Monument of Malaysia-Singapore Diplomatic Relations
●No Increase in Electricity Tariffs for Peninsular Malaysia Users Until Year-End
●Stocks to watch: Maxis, CelcomDigi, YTL Power, TM
-moomoo News MY
Wall Street Summary
US st...

Hong Leong Investment Bank Bhd (HLIB) remains optimistic on Hiap Teck Venture Bhd's earnings prospects, supported by the pending rollout of mega infrastructure projects and robust private sector job flows in Malaysia. 
Other factors influencing Hiap Teck's performance include rising capacity utilisation at Eastern Steel Sdn Bhd's  (ESSB) bottom line, and weak demand sentiment for steel products in China, which may have bottomed.
As such, HLIB red...