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..
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[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