Analyst Research Report Snapshot

Title:

Company Update – Hiap Teck (ADD, maintain) - Moderating 2013 outlook

Price:

$23.00

Provider:

Affin Investment Bank

Date:

23 Dec 2012

Pages:

3

Type:

AcrobatPDF

Companies referenced:

HTVE.KL

Available for Immediate Download
Summary:

Moderating 2013 outlook Demand to be affected by dumping activity Hiap Teck expects demand for steel pipes to remain soft in 2013 due to an oversupply, especially from China, which has led to dumping activities. We gather that the steel association board is lobbying for non-tariff measures to be implemented in order to contain the excess supply of steel product into the domestic market. Under the current circumstances, we have cut our FY13 – FY15 sales volume assumption by 9-13%. Our assumed utilisation rate is between 48 – 55% for the 3-year period

Why buy analyst research?

  • Institutional quality research
  • Available for Immediate Download
  • Detailed company or industry insight
  • Print or save
  • 24 hour customer support
Return to previous page without adding this item to your cart.
Email Customer Support.

About Analyst Research

Analyst research reports are available for immediate download after purchase. You will have unlimited access to the report for 24 hours after purchase, to download, print or save it as many times as you wish. Analyst Research provided by Reuters does not constitute investment advice, and is not endorsed by Reuters Research. This information is protected by copyright and intellectual property laws. More information on Analyst Research.