Bursa Malaysia Stock Watch
HUAAN - OSK Research maintains Trading Buy on Sino Hua An
kltrader
Publish date: Wed, 25 Aug 2010, 10:53 AM
kltrader
0 20,412
This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
Stock Name: HUAAN
Company Name: SINO HUA-AN INTERNATIONAL BHD
Research House: OSK
KUALA LUMPUR: OSK Research said the weakening steel market since May 2010 may have capped Sino Hua An's (Huaan) earnings upside but the net profit of RM4.8 million in 2Q ended June 30, 2010 managed to pull the company out of the red.
It said on Wednesday, Aug 25 that the recovery in steel prices in past weeks reflects an improvement in market conditions for metallurgical coke in China although its sustainability remains uncertain.
'With this, together with the Chinese government's move to force the closure of outdated coke plants, we reiterate our Trading BUY call, with a target price of 47 sen. The fair value is derived from 0.7 times FY10 book value/share,' it said.
Company Name: SINO HUA-AN INTERNATIONAL BHD
Research House: OSK
KUALA LUMPUR: OSK Research said the weakening steel market since May 2010 may have capped Sino Hua An's (Huaan) earnings upside but the net profit of RM4.8 million in 2Q ended June 30, 2010 managed to pull the company out of the red.
It said on Wednesday, Aug 25 that the recovery in steel prices in past weeks reflects an improvement in market conditions for metallurgical coke in China although its sustainability remains uncertain.
'With this, together with the Chinese government's move to force the closure of outdated coke plants, we reiterate our Trading BUY call, with a target price of 47 sen. The fair value is derived from 0.7 times FY10 book value/share,' it said.
More articles on Bursa Malaysia Stock Watch
Tambun Indah - The 2nd Penang Bridge To Narrow Property Price Gap
Created by kltrader | Oct 11, 2012
Plantation ' Share Prices Not Reflecting CPO Price Movement ' Is A Correction Coming? (Neutral)
Created by kltrader | Oct 11, 2012
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Latest Videos
Apps
Top Articles
1
2
Good Articles to Share
3
4
MQ Market Updates
5
M+ Online Research Articles
6
THE INVESTMENT APPROACH OF CALVIN TAN
7
BFM Podcast
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
