Posted by leslieroycarter > 2017-09-06 18:48 | Report Abuse

Technically , if has risen too fast from a mere 4c to 22c n today settled at 19.5c . These activities traced to overbought situation . Definitely it need time to digest such big volumes in 2 days time . Cumulatively , the stock still in -ve PE n EY . So , any run up will need more buyers than sellers to maintain the momentum but presently it will be a challenge given the small space from closing 19.5 c to its height at 22c unless there is a steep correction to get more punters in the fold.

Posted by williamteng71 > 2017-09-06 18:53 | Report Abuse

Hike momentum may b stop a while....retract soon to collect cheap....

Posted by paperplane2016 > 2017-09-06 19:25 | Report Abuse

Let's see how it will be played next few days.

Posted by williamteng71 > 2017-09-06 19:41 | Report Abuse

Besides fokus on it....time to buy Hiaptek lia

Posted by moneypedia > 2017-09-06 20:36 | Report Abuse

Market cap now bout RM224M. To raise it to 0.40 need bout RM448M. Need to figure out how much mar. cap. it needs actually to expand it operation. Easy if we know it, i think....

Quite massive shares...

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

I think just follow ur own heart better than follow other especially hard core fan

Posted by RedEagle > 2017-09-06 22:26 | Report Abuse

Kaya kaya Rich rich

Posted by windcloud > 2017-09-07 00:53 | Report Abuse

What will be the next qtr result ? Just assumption and may have some deviation.

Capacity: 1.8 million tonne.
Estimated annual utilization of capacity: 70% or 1.26 million - let's say 1.2 million (1.2 million is to produce 2.5 to 3 million tonne pig iron/iron, think this 1.2 million is sufficient to satisfy the Shandong sister company requirement, assume only).

Qtrly utilization is about 1.2 million tonne /4 = 300,000 tonne
Operating expenses = 70 million (assume, maybe less)

Apr-Jun 17 results
Revenue = 300,000 x 1,400 (2nd grade price) x 0.63 = 264 million
Cost of sales = 264 m x 0.65 = 171.6 million
Operating expenses = 70 million
Profit = 264 - 172 - 70 = 22 million
EPS is 22 /1122 = 0.02

Jul-Sep 17 results
Revenue = 300,000 x 2,000 (2nd grade price) x 0.65 = 390 million
Cost of sales = 390 m x 0.65 = 253.5 m
Operating expenses = 70 million
Profit = 390 - 254 - 70 = 66 million
EPS is 66 /1122 = 0.06
(this assumes full operation and running capacity at 70%).

So 2 qtrs EPS = 0.02 + 0.06 = 0.08 x 10 PE ratio = 0.80

TP is about 80 cents without including another 2 qtrs. Giving discount of 50%, TP still can get 0.40.

So worth to buy at this level or not.

Just nonsense sharing.

Posted by Albukhary > 2017-09-07 01:15 | Report Abuse

Windcloud, you calculation are excellent!

I strongly believe EPS 0.06 are achievable. Even if only achieve 70%, there is still EPS 0.042 for Q3, and TP can be at least 62 sen.

Posted by windcloud > 2017-09-07 01:18 | Report Abuse

Albukhary you not sleep yet ??? had to come out calculation first to convince people first ....

Wish tomorrow a better day for Huaan and us. Talk you tomorrow. Good nite.

Posted by Mohd Fahmi Bin Jaes > 2017-09-07 08:06 | Report Abuse

world oil down, ron95 malaysia up 4sen

Posted by mmk79 > 2017-09-07 08:08 | Report Abuse

Windcloub, your nonsense bull shit calculation indeed is very reasonable and achievable. If annualised the EPS, it's approximate 0.18 (0.2 + 0.6 +0.5 approx + 0.5 approx). If using PE 10 , then is 0.18x 10 = RM 1.80 which is a whopping 900% upsite from the current price. If using PE 6, still got RM 1.08, 500% upside oh. 

Where to find such gem.

Posted by Albukhary > 2017-09-07 08:17 | Report Abuse

Based on HUAAN past few day volume, its is very clear that someone with deep pocket is accumulating the share.

High chances it can be the old man KYY, because he has lost his reputation in XINQUAN, and since his EGO are so strong, sure he will find another counter to win back his money and reputation, and this counter must be someone who is very undervalue, related to China, and fulfill his golden rule (revenue and profit consistently grow for 2 quarter).

So, the best candidate who can fulfill all this requirement is HUAAN.

Posted by lynsney > 2017-09-07 08:19 | Report Abuse

well said Albukhary

Posted by LA777 > 2017-09-07 08:21 | Report Abuse

Buy on weakness, keep for medium term!

Posted by LA777 > 2017-09-07 08:21 | Report Abuse

Hope profit can be 1000%!

Posted by RedEagle > 2017-09-07 08:44 | Report Abuse

Kaya lg.. 0.25/0.26/0.27 today

Posted by CharlesT > 2017-09-07 09:00 | Report Abuse

B1. Review of Performance (Q2)

With the resumption of coke manufacturing operations from February 2017 onwards following the expiry of the leasing tenure, the Group recorded a consolidated revenue of RM259.0 million for the current quarter under review. As the lease period was from February 2016 to January 2017, there was no revenue recorded during the corresponding quarter in the preceding year.

The average coke price amounted to RMB1,968 per tonne during the quarter under review and the sales volume was approximately 214,000 tonnes. The contribution from the by-products accounted for
approximately 11% of the total revenue as the Group was still slowly ramping up its production to increase its by-products during the quarter under review.

The Group has recorded a cost of sales amounting to approximately RM233.0 million during the quarter under review. The average coal price recorded for the quarter under review was approximately RMB1,167 per tonne.

As such, the Group is reporting a gross profit of approximately RM26.1 million in the current quarter under review

Posted by alex88812 > 2017-09-07 09:01 | Report Abuse

don't think can close 0.25 and above.. look at the selling pressure... unless big players coming in... anyway.. i just jump in yesterday.. cost around 0.2... but still hope can close above 0.25.. :D

Posted by CharlesT > 2017-09-07 09:05 | Report Abuse

Average coke price amounted to RMB1,968 per tonne (Q2)
Average coal price amounted to RMB1,167 per tonne (Q2)

Diff btw average coke n coal price : RMB801 per tonne (Q2)

Sales : RM259M
Cost of Sales : RM233M
Gross profit : RM26M (ard 10%)
Operating Expenses : Rm4M+

Posted by Bobo Au > 2017-09-07 09:31 | Report Abuse

Run

Posted by arcadicus > 2017-09-07 09:35 | Report Abuse

rrruuunnnnnnnn......

Posted by Alex Foo > 2017-09-07 09:40 | Report Abuse

it's a trap~

Posted by wops > 2017-09-07 09:40 | Report Abuse

droping liao

Posted by thinkfirst > 2017-09-07 09:43 | Report Abuse

run to xinghe

Posted by kyoshujin > 2017-09-07 09:51 | Report Abuse

contra user take profit?

Posted by kyoshujin > 2017-09-07 09:52 | Report Abuse

buyer coming I see

Posted by lbp83 > 2017-09-07 09:52 | Report Abuse

I wait 0.16

Posted by kyoshujin > 2017-09-07 09:52 | Report Abuse

sauk dari bawah..

Posted by kyoshujin > 2017-09-07 09:55 | Report Abuse

today is T3 for contra user buy at 30aug2017
last day for them to sell..

#just10centpointofview

Posted by FiveStar > 2017-09-07 09:56 | Report Abuse

Whole market waiting lower for good burgain

Posted by beach relaxing mode > 2017-09-07 10:10 | Report Abuse

SANBUMI bargain at 0.270/0.275/0.280

Posted by goody99 > 2017-09-07 10:13 | Report Abuse

selling pressure so little only. So sad...

Posted by leslieroycarter > 2017-09-07 10:14 | Report Abuse

500 mi waiting for sale....

Posted by windcloud > 2017-09-07 10:32 | Report Abuse

Thanks for Charles update, forgot about qtr report details.

For metallurgical coke price, around that qtr is about 1,650 for 1st grade and 1,400-1,450 for 2nd grade, maybe I wrongly average, will use 1,968 for that qtr, then 2,250-2,350 for next qtr.

Cost of sales (as per qtr report) is about 214,000 x RMB1,167 x 0.63 = RM159 million, not RM233 m, anyway operating expenses at 74 m think a bit of unreasonable, still cant figure what consist. of.

Will re-adjust and come back to revised calculation using amended production capacity.

Posted by wops > 2017-09-07 10:40 | Report Abuse

like buyer coming....

Posted by CharlesT > 2017-09-07 10:41 | Report Abuse

Their operating expenses isnt that high if u check Q1 n Q2 figures...should be RM4M+

Posted by CharlesT > 2017-09-07 10:42 | Report Abuse

However, their cost of sales may have included cost of raw materials n some other expense etc.

U cant get much info from their PNL.

Posted by CharlesT > 2017-09-07 10:45 | Report Abuse

My rough estimated net profit for Q3 is ard RM30M-RM40M...

Posted by CharlesT > 2017-09-07 10:49 | Report Abuse

If the commodity pattern remains the same in Q4 then there will be another RM30M-RM40M...thus FY 2017 may see RM70M-RM80M+ or EPS ard 6 to 7 cents..

As for its valuation, feel free to set yr TP basing on PE 1 to 10 (but Boss/Mkt will have his final say)

Posted by FiveStar > 2017-09-07 10:50 | Report Abuse

Should see better price in the afternoon

Posted by beach relaxing mode > 2017-09-07 10:51 | Report Abuse

charlesT...

tell me something.. when U say rough..may I know how rough the roughness?? how many microinches call rough?

Posted by windcloud > 2017-09-07 10:53 | Report Abuse

Qtr 1 operation is started from March or when ? Besides qtr 1 got leasing rental .... I did not use qtr 1 since this is not full qtr, but the way cost of sales normally is about 55-65%, this also applies to steel.

70 million I still not figures out yet, since not much info, 4 million may not be that low, if running full force of manpower, equipment maintenance, this maybe will higher than this, amortization, depreciation and director remuneration and staff costs already more than this.

But anyway main issue is the running capacity that affect the bottomline. But I still think will run 300,000 tonnes for this coming qtr.

Thanks for discussion.

Posted by CharlesT > 2017-09-07 10:55 | Report Abuse

Basing on Q2 info:
Cost of coal is ard 60% of coke.
While GP is ard 10% (so other cost/expenses included in cost of sales is ard 30%)
Operating expense is ard RM4M+.

This info may helps u in predicting Q3 PNL basing on different plant utilisation rates.

Posted by windcloud > 2017-09-07 11:04 | Report Abuse

While GP is ard 10% (so other cost/expenses included in cost of sales is ard 30%)

This is what I want to point out what is the other cost 30%+- consists of ? this is not only 4 million figures ... whether due to utility cost, manpower cost, equipment maintenance, regulation compliance cost, depreciation and amortisation, etc.

Posted by windcloud > 2017-09-07 11:06 | Report Abuse

Anyway if other cost not that high, production capacity increases and metallurgical coke price increase, next qtr should be better.

Posted by CharlesT > 2017-09-07 11:09 | Report Abuse

I guess we will only know by Nov then...hehe

Posted by CharlesT > 2017-09-07 11:27 | Report Abuse

As for market price of coke n coal, u may refer to the following links:

http://quote.eastmoney.com/qihuo/JM.html
http://quote.eastmoney.com/qihuo/JMM.html

Currently the difference btw coke is coal is ard RMB972pmt

Posted by CharlesT > 2017-09-07 11:31 | Report Abuse

The current price difference btw coke n coal (RMB800pmt-RMB900pmt) seems to be at it's record high in the last 10 years from my study...

Anybody fm the industry can help to verify?

Posted by Traderkkk > 2017-09-07 11:50 | Report Abuse

Look at Olympia too . Another huaan