alex, trade with basic fundamental loh. if the stock can give you 100% or more, what to cry if you miss earlier year 1000%??
If you buy Pbbank 10 years ago, still very lucrative loh, even though your return compared those bought 20 years ago is much smaller, still you become millionaire mah, 20 years ago one become multi millionaire loh. still millionaire, happy also mah
I am a oldman in kampong only, not really familiar with accounting things, but get to learn a bit lah.....don't laugh. no one can be perfect. hehe LLP i know, limit liability partners.
Actually the main issue is not on this, is whether the sister company need their coke to support their steel production or not and whether to regularize their company status by early of next year.
And most importantly, the motive of the behind shareholders to push the share price. Will this stop at 0.20 now or their intention is much higher ? There should be some logic behind this.
Just my nonsense sharing. Will this affect on shares investment you if this is not big 4 auditors or you can take a risk on this current price ?
well, at least big 4 give us some level of comfort. if some small firms, the confidence is not tht strong loh. not to say also big 4 sometimes also screw up.
Their Audit is Morison AAC. It is part of the Morison KSi.
Morison KSi is delighted to announce that it has been ranked in the top three in the recent Asia Pacific, Malaysia and South Korea International Accounting Bulletin’s association surveys.
Morison KSi ranked third in terms of total revenue and second in terms of staff in Asia Pacific. In South Korea, Morison KSi ranked first in terms of total revenue and in terms of staff. In Malaysia, Morison KSi ranked first in terms of total revenue and joint third in terms of staff. The International Accounting Bulletin provides exclusive surveys of accounting firms in leading and emerging markets, delivering over 20 country and regional surveys per year. Morison KSi participates in a large number of these surveys including the annual World Survey which ranks global associations and networks. Congratulations to Morison KSi’s Asia Pacific, Malaysian and South Korean member firms.
I wonder where they get their coal material to produce the coke? If import from North Korea, will they be affected? Or they have it from China local production of coal??
China coal reserves supplies about more than 80%, North Korea about 10-20% if memory not wrong, whether there is any import from Australia, not quite sure. Anyway China, got sufficient coal reserves for steel production.
Coal reserves is mostly at area in Shandong, Shanxi, Hebei, etc. there is why Linyi Yehua is located. Coal need to be produced and timely to supply for steel making, so location should be nearby.
Koon is useless la...He'll never be interested until it continue to rise to almost 30c then he'll come out & yak his old mouth lol
Dont say so...he got few hundred M...if he use RM100M to sapu Hua An then Hua An can go up to RM0.50 easily...However, most of his funds are stuck in JAKS n Sendai....sorry loh
Alex Foo, in this type of business, they will normally maintain the Gross Profit Margin, instead of Gross Profit.
For example (not for reference, as I simply quote the price):
When coal price is RMB1000, then sell Coke at RMB1200. So the GP Margin is 20%, and GP is RMB200.
When coal price increase to RMB2000, they will try to maintain the 20% margin, so the selling price for coke will be RMB2400, and Gross profit is RMB400.
Conclusion, when raw material and final product price hike together, the profit are expected to increase, instead of maintain same.
RMB1000 up to RMB2400 is 240%....huaan 0.04cts up to 20cts is already up 500%. should be justify if coke price is RMB5000.....hahaha. currently overvalued
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....
Alex Foo
12,594 posts
Posted by Alex Foo > 2017-09-06 11:15 | Report Abuse
har, really want to hantam this counter ah?