Count me in. :-) I bet AnnJoo as other companies still struggling with their cash flow.

Good luck yo.

Lionind needs to keep selling asset to repay its debt.

Easy, only Ann Joo has no cash flow problem. Other steel companies are still struggling to pay debt. Hence, only Ann Joo can pay out dividend.

Thanks for point out that the reason to apply safeguard duties is still valid. Chinese steel might be cheaper again, it's safer to apply safeguard duties to protect the local steel companies.

2.1k to 2.3k based on miti weekly bulletin

Lol, US only export to neighbour countries dude. Do your research properly. Up to you guys because it's your money. When annjoo price at 2.6~2.7, it is very obviously, the demand is very weak. Now after the supply and demand readjusted, i am more comfortable to get in.

Breached 10% correction from the peak, now all the way to rm3.5. Safeguard duties renew or not is not an issue anymore. China steels are selling at rm2300 ~ rm2400

It is always good to have some people still bearish on IWC.

thanks iwcity. see you again next time

Look like many people seeing the price will go down next Monday.

Remember for every buyer, there is a seller and vice versa. Good QR triggers huge demand from the public which allows big players to unload their shares. As you can see here, the peaks are always after a good qr is announced.

Now, it is vice versa, bad qr triggers supply from the public but who gonna absorb those supplies? Think yourself. Big players always buy when the news is bad and sell when the news is good. It is merely the principle of supply and demand.

you guys like to buy at the peak. (y)

"What so cool labout this hybrid BF-EAF technology ; there able to consumer less natural gas to operate where give them lowest impact when natural gas price hike; second this super cool furnace able to to opte the raw mat to feed into the furnace blast to produce the steel which mean Annjoo able to choose scrap material or iron ore as raw mat whenever which is cheaper they will purchase that. Currently there are using scrap steel due to cheaper source as IRON ORE price surge alot"

Are you really sure about this? I dont think so.

Doesn't matter as long there are.

It's good to see there are some people still bearish on steel sector.

During the same period as well, Malaysia growth is slower than south Korea, taiwan and singapore.

ANNJOO - 30%
FGV - 20%
OLDTOWN - 30%
POHUAT - 20%

Good news should spur demand from the public and that's when they should distribute their shares to you guys.

Annjoo hybrid technology allows him to save more cost compared to others. Logically said.

You only buy the "right" to own RCPS in the open market not the RCPS.

Cold eye sold Gadang at rm3. Those who went for his talk can clarify this.

Stock operators collect before news and sell once news is out. They hold alot of shares and it is easy to unload them when demand is high especially news is out.

ah_boon is back!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! I wonder did he buy gadang.

omg, so sad. T.T

This news is like one month ago, I wonder if you guys really research properly on what you guys buying. Hahahahha

@invest1188 old customer and still their customer. What does that imply?

@LILY1910 not just me, but everyone in i3

@saltedfish I agree with that. Hahaha

http://www.chinachugui.com/news/2016/0806/160806110277.shtml

Just wondering if anyone here read about this news where the CEO of boloni home decor in Beijing was promoting strongly on Heveaboard's environmental friendly particleboards.

@cwkhor yup, that's really true and like what @George888 mentioned, that's another good sign of growth.

@muscle No la, wont buy liao. Holding for dividend payment. Looking for other stocks.

@muscle Remember you said the same thing. The next trading day, it gaped up and go for another 35% gain. Will the history repeat? Hehehe


Posted by muscle > May 20, 2016 07:46 PM | Report Abuse

Profit growth showing signs of peak... Fuly valued

@ahsoo I prefer to look at the date when they are buying back the shares. For example, 5th of July, they bought back some shares. The question is by that time they should kind of know their 2nd quarter result, if it is bad, should they buyback their shares before releasing the result or after?

@Abismail I am not sure about Walmart, but Nebraska Furniture Mart is their customer also. Both marts owned by Warren Buffett but not sure if they are linked to each other.

@filidon That's really a good news. From what i got from my research, Lii Hen top 3 US importers are Farmers Furniture, Coaster Co. of America and Aaron Rents, Inc. Tracking their news might be useful as well.

Liihen needs at least 500m of outstanding shares to attract institutional investors.

yeah, time to make money again gadang gadang...

@ah_boon how do you think Mr.koon should sell his shares?

Retail sales data for July is really bad and not good for US fed if they are going to raise the interest rate. However, there is some bright spot showing consumers are now shopping online more than retail. And surprisingly furniture sales is still bright in the July report.

http://www.reuters.com/article/us-usa-economy-idUSKCN10N1DL

"Automobile, furniture and online sales were bright spots in the July report. Sales at auto dealerships increased 1.1 percent last month after rising 0.5 percent in June.

Online retail sales jumped 1.3 percent, while receipts at clothing stores fell 0.5 percent."

I am no worry about Hevea's coming quarter report. Get yourself updated with what going on in China particleboard market and why Hevea's products are so famous in China.

Sorry boon, everytime i follow Mr Koon, i made profit. Of course, always remember dont be too greedy when selling and dont be too chicken when buying.

@ppteh wow, please appreciate directors' hard works in managing the company.

He already sold substantial shares.

@kcng86 because it's not forex. Hahaha

Hahahahahahhaa... The principle of selecting stock, when share price goes up, it's a good stock when share price goes down, it's a bad stock. As simple as that. Good luck have fun.

which articles?

@mbs7633 i think it applies to every stocks. If result good, the share price should increase, if result bad, the share price should fall.

http://www.focusmalaysia.my/Mainstream/China%20demand%20for%20Malaysian%20palm%20oil%20falls

@tradminator sorry, i notice i am abit rude. :-(