June 30, 2011

Hiap Teck slides to 23-month low

Stock Name: HIAPTEK
Company Name: HIAP TECK VENTURE BHD
Research House: OSKPrice Call: HOLDTarget Price: 0.95



Hiap Teck Venture Bhd, a Malaysian steel products manufacturer, dropped to a 23-month low in Kuala Lumpur trading after fiscal third-quarter profit dropped 68 per cent from a year earlier to RM5.42 million.

The stock slid 1.6 per cent to 93 sen at 9:06 a.m. local time, set for its lowest close since July 17, 2009. -- Bloomberg

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