I was at the AGM just then which became a lively affair. At the end of the day, after two hours, it is all up to investors to decide on the feasibility to invest.
his article first appeared in The Edge Financial Daily, on September 27, 2016.
Sino Hua-An International Bhd (+ve)
Sino Hua-An International Bhd (fundamental: 1.35/3, valuation: 0.9/3) triggered our momentum algorithm for the first time yesterday when its share price surged 40% to close at 3.5 sen, after 14.62 million shares were traded, compared with its 200-day average of 510,478.
There was no new announcement by the group. It has also reportedly suspended its business or major operations temporarily.
According to its filing with Bursa Malaysia, the move was to provide an alternative avenue for the group to mitigate the extent of the anticipated losses arising from prolonged unfavourable market conditions.
The group has to submit a regularisation plan to the regulatory authorities by June 15, 2017, after triggering a listing requirement on maintaining an adequate level of operations. Failure to comply will lead to the suspension of trading of its securities, followed by a delisting.
Year to date, its share price has fallen 41.67%; it is down 36.36% from a year ago.
The factory has started operations which mean it will no longer face delisting. BUT it is a long way from making profits. So the price should go up to maybe 8sen or around there. However, it will not be spectacular. And those hoping to make quick profit will be disappointed. Some more coke prices have yet to stabilise. Again dont hope it will shot up sky high when it just started the factory.
I was at the AGM today where the Directors stated that operations have started. However, in my opinion, starting operations is one thing. Making money is another as evident by the first quarter results. The only good news will be the potential lifting of Para 8.03 listing requirement.
Still long way to go. It has to make profits to wipe out the accumulated losses before any hope of dividend.
The share price will rise but will not be spectacular. Maybe up to 10 sen at best. Will not go higher than 10 sen since it is a red chip share and it has a very long road ahead.
Good afternoon. I personally feel that the target price of RM1.50 is a little bit far fetched. I am still sticking to my target price of 10sen in the short term and maybe 20sen by year end if all goes well and assuming Huaan really recover substantially the losses. So only trading buy.
i am agree with you Ng Shu Tung. the share price should be value at 0.1-0.15... to this share must get holding power. if not better dont touch.... since this share is super 9 lat silent and less people like because "red chip" hope the good news can out of para 8.03
Wow got operator monitor this forum?after i post suddenly someone bought but value 4.50 and 40.50..hahaha Let it down bro..then only i top up if not u play your own
Moving...this quarter result may be +ve for the first time in 3 years! Turnaround story like Hengyuan(Shell) which QUADRUPLED from 2.00 to over 8.40 now!
My prediction in Feb ZHUN or not??? dompeilee This one will be one of the BIGGEST % gainers in the next couple of months...Catch it while it's still below 10c! :D 21/02/2017 09:57
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....
cihiro
215 posts
Posted by cihiro > 2015-04-24 20:59 | Report Abuse
Company propose buyback shares.thats mean is a good news?