HupSteel

[brattzz]

Whooo hooo! yeah! it's a family biz afterall!

Demand for structural steel products, pipes and fittings is not likely to pick up during the next few
quarters and competition will remain as intense during the period. Supply of these products and their
prices are expected to remain stable in the near term.
With Indonesia having recently elected its new president, the Group hopes that new economic policies
will spur activities and thereby increase demand for structural steel products.
The Group will continue its focus on maintaining stable gross profit margin in the near term and try to
look out for more project sales to boost revenue. It will seek to keep its inventories at an optimal level
and stay responsive to the changing needs of the markets.
Construction at its 6 Kim Chuan site is progressing smoothly and is expected to complete according to
schedule. The Group will be selecting suitable partners to market the property in a timely manner.