PETALING JAYA: Hiap Teck Venture Bhd
has been seeing steady contribution from its 27.3%-owned associate Eastern Steel Sdn Bhd (ESSB), despite a challenging operating environment for the steel sector.
According to Hong Leong Investment Bank (HLIB) Research, ESSB’s competitive cost structure has enabled it to remain resilient amid margin pressures, and this strong foundation positions the company well to capitalise on a potential demand recovery once market conditions improve.
