Hiap Teck Venture could ride on improving sector outlook

KUALA LUMPUR: Hong Leong Investment Bank (HLIB) expects Hiap Teck Venture Bhd to be due for a re-rating on the back of improving sector earnings prospects.

In the research firm's inaugural coverage of the counter, it said China is on a decarbonisation drive by swapping existing steel capacities from the Blast Furnace-Basic Oxygen Furnace (BF-BOF) route to the Electric Arc Furnace route (EAF)