TECHNA-X BERHAD

KLSE (MYR): TECHNAX (2739)

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Last Price

0.085

Today's Change

+0.005 (6.25%)

Day's Change

0.075 - 0.085

Trading Volume

1,110,900


10 people like this.

24,123 comment(s). Last comment by Lee Ying Yee 1 week ago

Alex Foo

12,594 posts

Posted by Alex Foo > 2017-09-06 11:15 | Report Abuse

har, really want to hantam this counter ah?

paperplane2016

21,712 posts

Posted by paperplane2016 > 2017-09-06 11:15 | Report Abuse

let me check who is huaan auditor first....hehe

paperplane2016

21,712 posts

Posted by paperplane2016 > 2017-09-06 11:15 | Report Abuse

alex, I think now worth to take a bit risk.....not all in lah, view see view see, take small step first loh.

Alex Foo

12,594 posts

Posted by Alex Foo > 2017-09-06 11:16 | Report Abuse

haha....i sour grape lo...those who got it at 4 sen really laugh until the bank

Alex Foo

12,594 posts

Posted by Alex Foo > 2017-09-06 11:17 | Report Abuse

if 40sen tp then it's 10 baggers in no time =)

CharlesT

15,055 posts

Posted by CharlesT > 2017-09-06 11:18 | Report Abuse

If u found out their Auditor is S J Grant Thornton pls let me know ASAP..

I will sell all immediately though I love Hua An very much....sop...

paperplane2016

21,712 posts

Posted by paperplane2016 > 2017-09-06 11:21 | Report Abuse

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

ilovehits

3,955 posts

Posted by ilovehits > 2017-09-06 11:21 | Report Abuse

Buy on weakness, you have higher chance to win. Huaan is kakilang, must support. Kikiki...

Alex Foo

12,594 posts

Posted by Alex Foo > 2017-09-06 11:22 | Report Abuse

haha, u r right paper bro....

windcloud

1,393 posts

Posted by windcloud > 2017-09-06 11:23 | Report Abuse

Luckily this time paperplane not kacau Huaan like last time kacau Hengyuan when about 5+-, comment so far not negative, you on board on Huaan ?

windcloud

1,393 posts

Posted by windcloud > 2017-09-06 11:24 | Report Abuse

Last chance to collect cheap, after that no more below 0.205 ...

Alex Foo

12,594 posts

Posted by Alex Foo > 2017-09-06 11:25 | Report Abuse

but tp 40 sen achievable? it is based on assumption that huaan is able to reproduce the quarterly profit with the same (or better) coal price.

Anyway to trace coal price publicly?

Alex Foo

12,594 posts

Posted by Alex Foo > 2017-09-06 11:25 | Report Abuse

sry, is *coke price

paperplane2016

21,712 posts

Posted by paperplane2016 > 2017-09-06 11:25 | Report Abuse

CharlesT bro, haha. good one. OMG, their auditor is a Messr... not even a firm?? hmmmmmm

thinkfirst

3,146 posts

Posted by thinkfirst > 2017-09-06 11:26 | Report Abuse

STI
Singapore: SGX

3,226.32
-24.94 -0.77%

RedEagle

3,194 posts

Posted by RedEagle > 2017-09-06 11:26 | Report Abuse

Mau kaya lg..0.25 please

paperplane2016

21,712 posts

Posted by paperplane2016 > 2017-09-06 11:27 | Report Abuse

no money to pay big 4 is it past few years?? aiyo, now make money, got spend one million there lah, appoint a big 4 at least....

windcloud

1,393 posts

Posted by windcloud > 2017-09-06 11:27 | Report Abuse

Messr is public accounting firm, in partnership status, but this year some partnership had changed to LLP. Paperplane you don't know auditing thing ?

paperplane2016

21,712 posts

Posted by paperplane2016 > 2017-09-06 11:30 | Report Abuse

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.

paperplane2016

21,712 posts

Posted by paperplane2016 > 2017-09-06 11:32 | Report Abuse

Messr, is public accounting firm , but not as big as big 4?

windcloud

1,393 posts

Posted by windcloud > 2017-09-06 11:33 | Report Abuse

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 ?

paperplane2016

21,712 posts

Posted by paperplane2016 > 2017-09-06 11:37 | Report Abuse

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.

Albukhary

3,070 posts

Posted by Albukhary > 2017-09-06 11:38 | Report Abuse

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.

paperplane2016

21,712 posts

Posted by paperplane2016 > 2017-09-06 11:43 | Report Abuse

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??

Posted by cindypky > 2017-09-06 11:48 | Report Abuse

how can we check who is the buyer queuing?

windcloud

1,393 posts

Posted by windcloud > 2017-09-06 11:51 | Report Abuse

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.

LA777

3,383 posts

Posted by LA777 > 2017-09-06 11:52 | Report Abuse

Just close eyes and buy, still dirt cheap mah.

windcloud

1,393 posts

Posted by windcloud > 2017-09-06 11:53 | Report Abuse

Just drop a message, buy before surge again.

Cheers.

LA777

3,383 posts

Posted by LA777 > 2017-09-06 11:55 | Report Abuse

Later Mr Koon come and buy, not easy to get cheap already.

tronx

1,172 posts

Posted by tronx > 2017-09-06 11:58 | Report Abuse

0.21 7M queue wor

ilovehits

3,955 posts

Posted by ilovehits > 2017-09-06 11:59 | Report Abuse

Take a rest, shoot up later. Kikiki...

paperplane2016

21,712 posts

Posted by paperplane2016 > 2017-09-06 12:01 | Report Abuse

thanks windcloud, great sharing.

paperplane2016

21,712 posts

Posted by paperplane2016 > 2017-09-06 12:02 | Report Abuse

05/09/2017 0.18 0.17 - 0.22 0.21 +0.055 (35.48%) 249,894,900
30/08/2017 0.07 0.06 - 0.16 0.155 +0.115 (287.50%) 217,341,300
29/08/2017 0.04 0.04 - 0.04 0.04 0.00 (0.00%) 410,000

paperplane2016

21,712 posts

Posted by paperplane2016 > 2017-09-06 12:02 | Report Abuse

surge in volume during 30/08, then 05/09, this few days is the testing time. hehe

paperplane2016

21,712 posts

Posted by paperplane2016 > 2017-09-06 12:05 | Report Abuse

tomorrow and Friday will be testing time

paperplane2016

21,712 posts

Posted by paperplane2016 > 2017-09-06 12:06 | Report Abuse

flykite, go fly your kite.

paperplane2016

21,712 posts

Posted by paperplane2016 > 2017-09-06 12:12 | Report Abuse

you fly kite? tot u know nothing shit. beat airplane u know la

CharlesT

15,055 posts

Posted by CharlesT > 2017-09-06 12:13 | Report Abuse

Posted by dompeilee > Sep 6, 2017 12:08 PM | Report Abuse

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

12,594 posts

Posted by Alex Foo > 2017-09-06 12:15 | Report Abuse

paper sifu, i plan to buy a bit huaan. should i need to wait t3 t4 t7 stuff? or just masuk?

Alex Foo

12,594 posts

Posted by Alex Foo > 2017-09-06 12:20 | Report Abuse

wait, i read in qr got 'coke' and 'coal'.

so coal is cost of sales? looks like spike a lot also.

paperplane2016

21,712 posts

Posted by paperplane2016 > 2017-09-06 12:21 | Report Abuse

just masuk 10% of what you want to in in total first loh. 0.02 easily 10% leh

paperplane2016

21,712 posts

Posted by paperplane2016 > 2017-09-06 12:21 | Report Abuse

coal price sure surge, as china ban many coal manufacturing to force them consolidate.

Alex Foo

12,594 posts

Posted by Alex Foo > 2017-09-06 12:21 | Report Abuse

haha, -0.02 also easily -10% =D

paperplane2016

21,712 posts

Posted by paperplane2016 > 2017-09-06 12:22 | Report Abuse

10% up down can accept lah, buy small small first loh.

Alex Foo

12,594 posts

Posted by Alex Foo > 2017-09-06 12:22 | Report Abuse

ic, then cost of sales also naik, then roe i guess can maintain like that only....

paperplane2016

21,712 posts

Posted by paperplane2016 > 2017-09-06 12:26 | Report Abuse

dompeilee, you refer to mr.koon?

Albukhary

3,070 posts

Posted by Albukhary > 2017-09-06 12:27 | Report Abuse

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.

paperplane2016

21,712 posts

Posted by paperplane2016 > 2017-09-06 12:29 | Report Abuse

yes. albukhary is straight to the point.

apolloang

18,163 posts

Posted by apolloang > 2017-09-06 12:31 | Report Abuse

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

WM Niaga

1,406 posts

Posted by WM Niaga > 2017-09-06 12:34 | Report Abuse

Malaysia BOLEH ma!!

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