HTVB to benefit from growing demand for steel

HLIB Research is raising its FY25 core net profit forecast by 28.7%, mainly to reflect contribution from ESSB’s expanded capacity.

PETALING JAYA: Things are looking good for steel company Hiap Teck Venture Bhd (HTVB) as various factors are in play to boost its earnings ahead.

Hong Leong Investment Bank Research (HLIB Research), which is maintaining its “buy” call on HTVB with a higher target price of RM0.52, said the company’s brighter earnings prospects are supported by various factors.