Hohong, Fahmi, JokerTp and emil are same persons, caling to run all time lol, have no clue about what they are calling for,,, they are actualy the one who are collecting,,,
Huaan main production is Met Coke, here below an indication of the uses of Met Coke not only for steel production however: Because Met Coke has a stable burning temperature, producing little or no smoke, it is used as one of the main ingredients for steel production. It is used primarily for the reduction of iron ore in blast furnaces, fuelling blast furnaces that smelt or reduce iron ore and other bearing materials , acting both as a source of heat and as a chemical reducing agent to produce pig iron ( also known as hot metal). Pig iron is then used to produce steel. More than 90% of the metcoke produced is used in the iron and steel industries.
In addition, it is used in many applications which require carbon that is strong, robust and resilient and of high quality and performance. Some applications that use metcoke are foundry coatings, drilling applications, friction materials, corrosion materials, reducing agents, ceramic packing media and oxygen exclusion and electrolytic processes.
So steel tarrifs have very very very minor impact on Huaan, if not non.
I am not saying it won't drop... based on prospects it is more likely to rise over time.....but some people here talk like a Supernatural...God if you like.
This article was published earlier oct 2017 talking about Huaan potantial for 2018 to 2020.
Chinese economy has continued to beat expectations with the growth rate coming in slightly ahead of analysts' forecasts. From 6.9% growth in the first six months of the year, China's Central Bank governor, Mr Zhu Xiaochuan, forecasts that the economy could grow at a rate of 7.0% for the second half of the year. Such economic growth are envisaged to be achieved through continued robust public and private sector infrastructure projects as well as real estate development pursuits particularly in the third tiered cities, all of which will provide an impetus to the steel and coke industries. According to a steel industry consensus, the domestic steel demand is expected to continue to be robust and sustainable through the rolling out of several socio-economic initiatives, more notably the expected RMB2 trillion steel consumption required to realize China's high speed rail project from 2017 to 2030 as well as the spin-off effects of the One-Belt-One-Road (OBOR) initiative which will be spearheaded by China. All these may me seen as a catalyst to provide a compelling case on the prospect of the steel and coke industries, moving forward.
No more relation between Dow and Huaan, we used to monitor DJ and Nasdaq to identify the sell off that happen when DJ or Nasdaq fall above 4%, yesterday fall in DJ and nasdaq is just 0.5%, this is not a sell off...dont fall into hohong, fahmi, idiotic prediction, they are running all day long...
China will sooner annouce that they will reduce the steel cut for 2018, this means more steel to be produced, this is as retaliation to us steel tariffs..
Huaan share open lower as almost all klci stock, the reason behind it is that yesterday US 10 years treasuries option started, so investors are exchanging stock to bond..it is a temporary, grab your chance and buy more Huaan as it will not last long at this level.
If you compare Huaan revenue and net profite to any other stock, like Dnex, Hibiscus, Hbglob, frontkn, youll see that Huaan share is undervalued now, 0.425 is very cheap, buy and keep for 1 to 3 month, Huaan share shoukd toutch 0.80 easaly..
Once the buy appetite increased, Huaan will rise faster, those who bought at 0.6 and keep holding, i assume they bought more and more to average, so they hold more share than ever and definetly are not willing to sell below tgeir average, which coukd be still above 0.500, in other words, Huaan can ruse very fast to 0.500 in a matter of hours, if global sentiment improved. One annoucement from China steel industry could move the share up immidiatly. However those who want to sell low are free to do so,, you cannot stop them.
i just hope that we all will ultimately be winners when the share reaches 0.7 one day...i can only hope as honestly i collected quite a fair bit recently ..taking a gamble which i hope will pay off..if not have to keep for another 2 - 3 years...to see green again....
huaan will back to 0.50...if DJ continue Green ( 4 days ) if 1 day red, 1 day green...repeat like this type... then the price will stuck at the same lvl....0.42-0.45
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....
teohboonleong
76 posts
Posted by teohboonleong > 2018-03-13 16:23 | Report Abuse
Hii,I am back ,Huaan at 0.430 seems the bottom price,hope it can rise from here to new high soon..