Hua An used to be a mkt leader. Now, PUC or Sapura Energy has become the mkt leader

Haha...one's fortunes can change with times.

Today, the operator(maybe, a stockist) tries to inject some life into our boring mkt with a play on PUC Berhad.

Let's see how much speculative interest he can stir up, for a free movie show.

Yesterday, I was looking at Southern Steel. It had dropped from the recent high of RM 2.37 in Feb 18 to 1.67 yesterday, despite reporting good result last quarter. A drop of close to 30% with very low vol traded.

So, Hua An is not alone. The only difference is Hua An had more speculative interest previously.

Pls do not treat this counter as a casino. Buy only if u have the intention to pick up, if price drops further. Not advisable for contra play at the current moment.

This counter has been paying dividends 2 times a year for the past few years. It works out roughly to be about 7% dividend yield, based on the current mkt price of 38 sen and the sum of the last 2 (interim and final) dividends declared.

Not bad either, if the dividend policy remains unchanged.

I see basically 3 groups of pp here. 1 group has either very few shares or no shares at all, hoping to talk down on the counter to collect at the lowest price possible. The other group has quite a no of shares, still holding and averaging down wherever possible. The 3rd group, runners for the syndicate, to carry out the master's game plan(to talk down on the counter currently). For me, I stay neutral. I let mkt forces decide.

In fact, the whole bursa penny stocks are really weak these days, esp steel counters. It is not just that only Hua An is down(it follows the broad mkt down) and the other steel counters are either holding or drop a little. Then, we can conclude that it is a purely a con/rubbish counter.

Not a buy or sell call, always. U must decide on your own. If u cannot ride out the volatility, then it might be a good idea to cut loss or wait for a rebound to sell into strength.

Just my views only...

Wow, we can now see why Emil kept on asking other forumers to sell. He says he can get at 22 sen end Apr.

Haha...really? Will drop way below its NTA of 32 sen per share(based on last quarter's report)? I must thank him so that I can buy lower.
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emil End April can get at 22c.....

28/03/2018 21:36

Closing today:
MediaC(Malaysia) - 40.5 sen
MediaC(HK) - 1.25
Most Kwai Chung - 6.38

HSI is down 768.3 pts. If HSI can rebound tomorrow, MediaC(HK) should rebound and Media(Malaysia) can follow...

It is still early. Got to see how other mkts are performing. US and China are in talk on trade matters. Got to wait for the final outcome from the negotiation.

A lot will depend on the prevailing mkt sentiments and the outlook/prospect for the steel sector.

Great, Beginner1989. At least, you did not sell low today.

Today, after the article on Mr Tiong's arbitrage profit, Media Chinese(Malaysia) goes up 17.3% while Media Chinese(HK) goes up only 8.4%.

Beginner1989, hope u are still holding your shares...

Wow, the momentum is very strong. Operator could be pushing for the debut of the HK IPO listing on this Wed...

Bought my 1st tranch at 34.5 sen. Wow, closed at 37 sen finally...

Compared to other active counters like Media Chinese International, etc, this counter seems slower...

The indicators are flashing....Dow futures is up and HSI put warrants are down a lot....i have said in the morning

Mr Tiong is a substantial shareholder. His trades will be announced on Bursa website.

By arbitrage, the outstanding Media Chinese(Malaysia) shares will be reduced. Easier for operator to push up...

After the article is out today, more investors will be aware of the arbitrage opportunity available. The only risk is the time taken for the conversion of shares.

The counter has dropped to a recent low of 36.5 sen and rebounded today. Let's see if it has
the buying momentum to push higher.

I will not comment more here. U all have to decide.

With a weak mkt, operator can carry out his plan more easily...

Beginner1989, u must ask Emil and decide.

Dow futures is up and HSI put warrants are currently trading lower, a good sign. Remember - do not chase high. Always preserve capital for any downside.

As I have pointed out earlier, operator can churn down the counter to create weak holders' selling if mkt sentiments do not improve. But once the dust settles down, it will be back to basics(fundamental).

We might be able to get a glimpse of the impact of tariff on steel counters from the next quarterly reports in May.

Emil writes as though he can already predict what is going to happen, much powerful and foresightful than our so-called mkt experts/analysts from Nanyang Siang Pau. We shall see.

For those who are scared, u may follow his sell call to sell at the currently depressed prices. Hope he does not have any hidden agenda behind it.

Beginner1989, i had made 3 rounds of profits from Hua An when it was trading around 20 to 35 sen range much earlier. Now that it has fallen back to 30+ sen, I am looking to reestablish a new position in this counter.

Currently, mkt sentiments are not good. So, we need to have strong holding power if we want to invest into this counter. One way to counter volatility during this period is to invest in different tranches for every x%(say 15% or 20%) of price drop, instead of all at 1 go. With that, we can average down our holding cost should price go against us. Once the mkt price goes above our average holding cost, we can choose to sell our holdings for a profit.

Of course, we must also monitor the current situation to make adjustments to our plan as and when necessary, if the worst does happen.

Beginner1989, let's hear from our mkt experts/analysts in Nanyang Siang Pau(Chinese):
http://www.enanyang.my/news/20180323/%E7%9C%9F%E6%8E%80%E8%B4%B8%E6%98%93%E6%88%98%E6%88%96%E8%B0%88%E5%88%A4%E7%AD%96%E7%95%A5-%E7%89%B9%E6%9C%97%E6%99%AE%E5%8F%AA%E6%98%AF%E8%A1%A8%E9%9D%A2%E5%8A%9F%E5%A4%AB/
http://www.enanyang.my/news/20180323/%e4%b8%93%e5%ae%b6%e6%b4%be%e5%ae%9a%e5%bf%83%e4%b8%b8%e5%8f%8c%e6%96%b9%e4%bc%9a%e5%85%8b%e5%88%b6-%e4%b8%ad%e7%be%8e%e8%b4%b8%e6%98%93%e6%88%98%e6%89%93%e4%b8%8d%e4%b9%85/

I was simply giving some clarification to Emil's posting of a trade war. Too early to conclude one yet and its impacts.

We shall have to wait for further developments on this. Investors must do your own assessments of the situations, company performance and your own specific investment objectives/horizons.

OPMS, we shall see how smart Trump is and whether US will go into a full-scale trade war with China.

There is no certainty that it will develop into a full blown trade war as all parties(including US) will all lose in the end. Trump is aware of that and is basically trying to use the new tariff plan to force China into a compromise action on China's trade practices.

There is a 30 days negotiation period before the new tariffs on China products will come into effect. We shall see how things develop in the meantime. Do not prejudge at the moment.

That is my understanding of the current situation.

In Chinese, "危机"(crisis) denotes "危"(risk) + "机"(opportunity).

Mkt is usually irrational. When Hua An was trading at above 50 sen, many were lured by the operator to chase high, like no tomorrow(greed). Now, at 30+ sen, a lot have become scared(fear).

Ironically, operator has succeeded in shaping our emotions.

Mkt is bad. Many steel counters(including Hua An) are deliberately hammered by the operators to overshoot on the downside, irregardless of whether it is a good or bad counter. It is during such bad times that we can pick up real good bargains. The good stocks will withstand the test of time.
http://www.klsescreener.com/v2/news/view/356133

Mkt is bad. Only for the strong hearted...

Mkt is bad. See if it will test the IPO price of 19 sen.

It closed at 32 sen, finally drifting below 32.5 sen, a key support price, due to bad mkt sentiments.

This could signal a potentially lower price to come, by operator's price action. My advice is if you do not have strong holding power, pls do not touch this counter yet.

In fact, the company had more shares buybacks after the announcement of last quarter's result in Feb 18. The recent 2 buybacks had among the highest no of shares bought back:
http://www.bursamalaysia.com/market/listed-companies/company-announcem...
http://www.bursamalaysia.com/market/listed-companies/company-announcem...
http://www.bursamalaysia.com/market/listed-companies/company-announcem...

Haha....do your homework. Invest with your spare money.

Bought some at 20.5 sen ....

I have started to relook at this counter with some keen interest to nibble.

33 sen seems a good entry point. Operator was trying to press down share price to 33 sen last Friday, but ended up at 33.5 sen as selling was seen to have almost dried up.

To counter any downside risk arising from deterioration on US trade war risk, we need to stand by spare fund to top up in tranches should price go down any further.

Just for sharing. Never chase high.

A lot of counters at Bursa have dropped to very attractive levels. Ucrest(and even its expiring warrant) was trading above 40 sen much earlier. The current share price offers a relatively cheaper entry point.

If there is no deterioration on trade war concern, mkts could rebound further.

This is a cheap proxy to a booming semi conductor sector. As with other IPOs, it has to clear weak holders - eg the successful applicants who are quick to take profit on some initial gains.

Looking to invest at current prices(20.5 to 21 sen)....

Its fundamentals have improved. Just that timing is not right and not much buying interest. If the next quarterly report can show a continuous improvement, I believe the operator will have more reason to push it up, when mkt sentiments turn better.

However, with the enlarged shareholdings arising from warrants conversion, do not expect the price to go up too high.

Just my views.

All the hypes about the new Executive Director seems to have died down. No posting at all for 1 whole month!

Not even a single soul bothers to comment on the recent quarterly result too.

Yes, the whole mkt is bad, scared of a trade war.
Even operator has to bring the price down...bad mkt sentiments...

Operator can still trade it down to induce weak holders' selling....

There seems to be a lack of buying interest in this counter, as suggested by the price and vol action today.

Harnessing on improved corporate fundamentals, this counter is set to challenge its immediate resistance of 22.5 sen, amidst a clear expansion of the vol traded yesterday.

Let's see when it will recapture lost grounds.

B3 COMMENTARY ON PROSPECT

Despite the challenging economic and business environment, the Directors are confident of the quality and innovative capabilities of the Group to meet the product and service requirements of the customers. Intensive efforts are being made to further develop and expand existing markets as well as to penetrate into new markets worldwide and the Directors expect the business prospects for 2018 and beyond to be positive.

The good news is in the last quarter's report just released:
http://www.bursamalaysia.com/market/listed-companies/company-announcem...

NTA per share as at last quarter is 37 sen, much higher than the mkt price of 20 sen currently.

Last quarter's result was no good. But mkt price action seems to suggest a bottoming out process on very thin trading vol.

This counter will report the last quarter's result by this month. Let's see how it is faring - a turnaround company or a pure goreng counter?