Stock Name: HIAPTEK
Company Name: HIAP TECK VENTURE BHD
Research House: OSK
KUALA LUMPUR: OSK Research said HIAP TECK VENTURE BHD []'s 2Q numbers rebounded slightly, with its bottomline supported by the recovery in its manufacturing division, returning it to the black on a q-o-q basis.
It said on Thursday, March 31 that it expects HTVB to benefit from strengthening steel prices going forward, particularly its trading division, which benefits from the time lag between cheap materials and higher average selling prices.
'We also continue to monitor the progress of its Blast Furnace (BF), which is still pending further approvals. Maintain Neutral with a FV of RM1.06,' it said.
Company Name: HIAP TECK VENTURE BHD
Research House: OSK
KUALA LUMPUR: OSK Research said HIAP TECK VENTURE BHD []'s 2Q numbers rebounded slightly, with its bottomline supported by the recovery in its manufacturing division, returning it to the black on a q-o-q basis.
It said on Thursday, March 31 that it expects HTVB to benefit from strengthening steel prices going forward, particularly its trading division, which benefits from the time lag between cheap materials and higher average selling prices.
'We also continue to monitor the progress of its Blast Furnace (BF), which is still pending further approvals. Maintain Neutral with a FV of RM1.06,' it said.
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