Hiap Teck Venture to ride on better steel outlook

However, improving sector earnings thanks to the Chinese government’s initiative to transform the country’s steel sector, is expected to augur well for players in the sector including Hiap Teck Venture Bhd.

PETALING JAYA: Local steel stocks have largely been perceived negatively by investors because of their volatile historical earnings trend because of China’s overcapacity issue.

However, improving sector earnings thanks to the Chinese government’s initiative to transform the country’s steel sector, is expected to augur well for players in the sector including Hiap Teck Venture Bhd.