imagine July...it will be back to 50 sen...then everyone will wander why didnt hold....people are collecting at low price now....as i mentioned they will play up the share again in due time...different folks will be attracted again...into the market with good results...well.. i could be wrong as well....
I see basically 3 groups of pp here. 1 group has either very few shares or no shares at all, hoping to talk down on the counter to collect at the lowest price possible. The other group has quite a no of shares, still holding and averaging down wherever possible. The 3rd group, runners for the syndicate, to carry out the master's game plan(to talk down on the counter currently). For me, I stay neutral. I let mkt forces decide.
In fact, the whole bursa penny stocks are really weak these days, esp steel counters. It is not just that only Hua An is down(it follows the broad mkt down) and the other steel counters are either holding or drop a little. Then, we can conclude that it is a purely a con/rubbish counter.
Not a buy or sell call, always. U must decide on your own. If u cannot ride out the volatility, then it might be a good idea to cut loss or wait for a rebound to sell into strength.
Actually was very disappointed with Q4 2017 result, until i stay silent till now. NONE of the good things expected materialised. Even the coke margin was lower despite high coke price in Q4 2017, which was caused by the higher coking coal price.
So the coking coal price is also an important factor, effect of which was underestimated earlier. The alarming thing now is that Q1 2018 coking coal price is even higher than last qtr and this could lower the coke margin further. My estimate for Huaan coking coal price (whether it is higher or lower, not the exact figure) is based on average of the coking coal spot price from this site www.100ppi.com/sf/day-2018-03-29.html (you need to change the date to see prices for other dates).
If the coke margin is further eroded by this higher coking coal price, then what will be the eps for Q1? 1.5 sen or 1.0 sen perhap ?
Hope this may help to roughly gauge Huaan value in such volatile times for Huaan.
Pls do not treat this counter as a casino. Buy only if u have the intention to pick up, if price drops further. Not advisable for contra play at the current moment.
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....
Farizul Fahmi
24 posts
Posted by Farizul Fahmi > 2018-03-29 11:01 | Report Abuse
Relaks.. agreed with notanking..