HG Metal    Last:0.365   -

HG Metal another Gem

Oh no, what happen??

 

Itrader, good post. Most companies nowadays would rather contract such specialize procuring services to outsider vendors rather then setting up their own departments to source for such product directly. This is more cost effective.

Also, HG Metal is not only a distributor, but also stockist and manufacturer. Stockist can make alot of profit when they buy in bulk cheaply, keep it for a while waiting for the price of the product to increase, then they sell high. Just like we play stock here.... Manufacturing need no further talks...

Vested and bliss peacefully....

 

This is the profile extracted from SGX. It should be more than just Middle Man Role. Does Anyone know where Marine Sector and Construction Sector get their Steel Product from?. Do they get it directly or thru "middleman" ?  BACKGROUND The Company was founded in 1971 as a partnership trading in steel products. It was incorporated in Singapore on 4 August 1988. On 1 February 2002, it was converted into a public limited company under the name of HG Metal Manufacturing Ltd. The Company is a stockist and distributor of steel products and also a manufacturer of flat bars and mild steel lip channels (MSLC). In order to be a "one-stop supermarket", it stocks and distributes a wide variety of steel products including the following: Pipes/American Petroleum Institute (API) Pipes, MSLC, Ship Plates/Steel Plates, Channel Bars, Flat Bars, Angle Bars, Deformed Bars, Tubes/Hollow Sections and I-Beams/H-Beams. The Company sources its steel products from various countries including Turkey, Russia, Ukraine and other Eastern European countries. Its customers are mainly other stockists and retailers who purchase its steel products for redistribution to a diversified group of end-users in the construction, engineering and shipping industries, amongst others. The market for the Company's products is both domestic and overseas. It exports mainly to customers in Malaysia and Indonesia.

 

 

 

Middle man business. Can't go far. Low profit margin.

 

Confirm very good !

 

I have been vested in this counter for a long time. Got to be patient. Good fundamentals, good financial results, good prospects. Once you let go chances are that you will not be able to get back in when it breaks loose. My personal opinion. Unless you are short term investors.

 

Ya!! tmr will break the wall 50...

HG is currently expanding its storage capacity, most probably 4 the coming construction boom...

CHEONG ah!!!

 

50cents...50cents...50cents..... Huat har !

 

will see 0.50 very soon

congr to those vested 

 

vested @ 46cts.

 

Hi Henry$$$,

to buy or not is your decision, but i am a strong supporter of HG as i believe the strong fundamental this counter have...it neber fail on me. I am sure most the HG supported agree with me

 

johnnytanki,

Thanks a lot. But stock market definately cannot judge from today last done price....

I have decided no buying any. I more believe with its foundamental!!

 

Hi Henry$$$, from today last done price, you shld know which share is strong and will go on and on

 

yes harry, sir... i cannot agree with you more on this... me vested too and recently got more when it dipped to 0.455.. I am smiling....

 

Good performance despite the Al-Dow-no effect today. Metal cannot rot no matter what happen and can only rise in price with time. Good counter to invest and can sleep in peace......me vested...... 

 

I am considering to buy HG Metal or PanUnited or KSH holding.

Anybody can advise, which one better?

Thanks!

 

Yes, hopefully...

 

 

would today be the day? :)

 

still in accumulation stage...

trading within range expected 

 

Shd hv load more last week. Went up liao...