TECHNA-X BERHAD

KLSE (MYR): TECHNAX (2739)

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Last Price

0.09

Today's Change

-0.005 (5.26%)

Day's Change

0.09 - 0.09

Trading Volume

333,500


10 people like this.

24,146 comment(s). Last comment by Lee Ying Yee 3 days ago

greenback

59 posts

Posted by greenback > 2018-04-17 18:15 | Report Abuse

Beli petang ni, jual pagi esok..can also make money like that..haha

Betta68

2,300 posts

Posted by Betta68 > 2018-04-17 18:36 | Report Abuse

China March GDP exceed expectations, 6.8 % while estimate was 6.3%.

Betta68

2,300 posts

Posted by Betta68 > 2018-04-17 19:29 | Report Abuse

China news is what pushed Huaan to 0.47 today, however intraday short sellers took advantage of it, i agree with js2120 that the shares by now are oversold, rebound on the make for tomorrow onward.

Betta68

2,300 posts

Posted by Betta68 > 2018-04-17 19:52 | Report Abuse

@ thelengend27, your theory is not so bad, buying at 0.445 and selling at 0.465 everyday, since 3 days now. However, I am afraid that now everybody is queing to sell at these levels and big investors know that too, this time they may buy all these share and keep going up with no return and we end up loosing our share for cheap at 0.465!!. You will never know if the share will fall next time reach 0.465!!, would you?. I better stick to my share regardless, i hold strong or even buy more once opportunity like today happen.

Posted by jagdish1970 > 2018-04-17 20:08 | Report Abuse

people still scared...thats why they sell quick and make a small profit...

Betta68

2,300 posts

Posted by Betta68 > 2018-04-17 20:50 | Report Abuse

Its like been scared from your own shadow! If they hold, share will move up, actualy they are creating the sentiment for the share to drop, by keep selling the share every time with few cents margin.., on and on..

pc_FA

604 posts

Posted by pc_FA > 2018-04-17 22:15 | Report Abuse

Where can I check the latest coke price etc? Thanks.

Macrullen

352 posts

Posted by Macrullen > 2018-04-17 22:40 | Report Abuse

When the qr will be release? Anyone know?

js2120

80 posts

Posted by js2120 > 2018-04-18 00:04 | Report Abuse

Annual report is due first should be 28th April as per last year. Qtr report due end May. The annual report is important as well as its an audited report of the financial results announced so far. It will prove to the market the reliability of Huaan as redchip company in terms of proper financial reporting as opposed to others redchip which plagued with questionable accounting practices.

Posted by Sean BlakJack > 2018-04-18 00:12 | Report Abuse

Whr to check huaan coal price n coke price

Posted by jagdish1970 > 2018-04-18 08:29 | Report Abuse

what will be the expected outlook today ?

Betta68

2,300 posts

Posted by Betta68 > 2018-04-18 09:57 | Report Abuse

Huaan PE now is only 5x, recommend buy and keep, in one month from now there will be the audited annual report, Q1'18 results and AGM, all expected to be shown a good results.

My TP above RM0.80 in short term have not change. Huaan buy coking coal with 8% discount (unwashed), and sell 85% of coke and 15% by product such as Tar, benzin, etc.. Tar used for Aluminium, price is moving up very fast. Coke price now is about RMB1,860. Coking coal price is about RMB1,260, hoever Huaan buy his coal cheaper with discount as mentioned. Last QR (Q4'17) production rate of coke was 215000 tons. Q1'18 coke price average was about RMB2,150, higher tgen previous one.

bowman

2,602 posts

Posted by bowman > 2018-04-18 10:12 | Report Abuse

Effects of better GDP in China (which will translate into higher consumption) will be felt these two days. Earlier two days, uncertainties over US action on Syria have caused a cautious stance among funds, and retail investors. Now, that appears to be nothing but a small issue and with good China GDP results and a shift in focus on earnings, there is a good chance that the rebound will happen today or tomorrow. Watch before noon action.

Posted by TheLegend27 > 2018-04-18 10:37 | Report Abuse

should I sell 46 cents? then queue buy 44.5 cents? take advantage of different price?

matg

998 posts

Posted by matg > 2018-04-18 10:40 | Report Abuse

narrow down to support 0.43

Betta68

2,300 posts

Posted by Betta68 > 2018-04-18 10:40 | Report Abuse

China 2025 plan is sufficient for Huaan to remain profitable, in the coming 7 years since cooking coal price and coke price move up and down relative to each other so that the profit margin could be maintain.

bowman

2,602 posts

Posted by bowman > 2018-04-18 10:51 | Report Abuse

http://www.theedgemarkets.com/article/worldsteel-raises-forecast-2018-global-steel-demand-growth-18

This is why the demand for met coke will continue to rise, whether it is in China's domestic market or India.

Posted by TheLegend27 > 2018-04-18 11:46 | Report Abuse

why I feel like betta68 behavior just like Calvin behavior in mrcb. keep support huaan everyday whether it rise of drop?

abcde12345

493 posts

Posted by abcde12345 > 2018-04-18 12:17 | Report Abuse

good

Posted by jagdish1970 > 2018-04-18 12:42 | Report Abuse

market down today in general...no choice i guess....grabbed a bit more at .435 just now..

GM68

1,581 posts

Posted by GM68 > 2018-04-18 13:20 | Report Abuse

Best option to hold and top up, good opportunity. Look like every Wednesday market is down, hope can recover in afternoon session.

Ask_Check

79 posts

Posted by Ask_Check > 2018-04-18 13:27 | Report Abuse

Betta , where to check real-time Coking Coal price ?

Betta68

2,300 posts

Posted by Betta68 > 2018-04-18 14:04 | Report Abuse

You may Refer to my link attached today posted at (10.09) for coke and coking coal price current and futur.

http://www.dce.com.cn/DCEENMO/Products0/Industrial20/Coke25/index.html

Note that Huaan buy his coking coal unwashed and pay a discounted price of about 8% as mentioned in his quarter report and company website. Its is also worth to follow Tar and benzen prices these are up due to US sanction on Russian Aluminium.

Betta68

2,300 posts

Posted by Betta68 > 2018-04-18 14:17 | Report Abuse

You can also refer to this as well, however we also need to check these prices against these in China city where Huaan production, price may be different. https://m.investing.com/commodities/coking-coal-futures-historical-data

js2120

80 posts

Posted by js2120 > 2018-04-18 14:24 | Report Abuse

I can't find a good reason for the selloff in the market. Overall market sentiment around the world and across Asia is good. All others market is green. Foreign fund has been net inflow into the market for 2 straight weeks. Looking at the market now seems like it's going to be huge net outflow this week. Have to wait for 4pm when London market open to be sure of the sentiment since it's the London market that lead the selloff yesterday. If the market does not rebound by then then most of the fund will follow suits to withdrawn from Malaysia.

We have an GE coming May so that might be the reason for it. Foreign funds do not like uncertainty so many will choose to wait and see at the sideline till the dust settle.

Having said all that I firmly believe in Huaan fundamentals and the strength it displayed for the past months. There are huge interest in this stock with huge upside potential so I'm riding the storm (if there is one) with it.

js2120

80 posts

Posted by js2120 > 2018-04-18 14:28 | Report Abuse

@TheLegend27, Betta68 shared a lots of good information that enable you to evaluate the potential of Huaan as a business. Over the long term as a good business Huaan will make more and more profit and that will be reflected in the share price (it's called investment) eventually but short term share price volatility is impossible to predict (it's call trading or gambling if you prefer)

Betta68

2,300 posts

Posted by Betta68 > 2018-04-18 14:40 | Report Abuse

Well said js2120.

AbuN

23 posts

Posted by AbuN > 2018-04-18 15:15 | Report Abuse

price go down..RSI crossed and IDSS

Ask_Check

79 posts

Posted by Ask_Check > 2018-04-18 15:19 | Report Abuse

Betta, thanks

bowman

2,602 posts

Posted by bowman > 2018-04-18 15:25 | Report Abuse

Green coming back.

Posted by jagdish1970 > 2018-04-18 15:25 | Report Abuse

hmmm....downtrend again...panic selling as usual....sigh

Betta68

2,300 posts

Posted by Betta68 > 2018-04-18 15:30 | Report Abuse

Time to collect more..

Betta68

2,300 posts

Posted by Betta68 > 2018-04-18 15:38 | Report Abuse

Look like today is t3 of last Friday..i guess force selling almost done..

Posted by Smarttrade > 2018-04-18 15:41 | Report Abuse

Buy!!! Buy!!! Buy!!!

Joey23

116 posts

Posted by Joey23 > 2018-04-18 15:50 | Report Abuse

later rushing buy.......

spectre007

1,410 posts

Posted by spectre007 > 2018-04-18 16:02 | Report Abuse

General market sentiment - Klse is down. Although no apparent reason. DJI up 2 days.. KLSE no energy. GE14 is too far away to be the reason down today. Suggest to add and hold

js2120

80 posts

Posted by js2120 > 2018-04-18 16:10 | Report Abuse

4pm. London market opened; looks like buying interest into market started. Huaan have yet to pick up thou.

Betta68

2,300 posts

Posted by Betta68 > 2018-04-18 16:13 | Report Abuse

Collect befor too late...

matg

998 posts

Posted by matg > 2018-04-18 16:15 | Report Abuse

bust buy 0.425

Betta68

2,300 posts

Posted by Betta68 > 2018-04-18 16:26 | Report Abuse

Coke futur price for Sept, gain 4.5%

LimKL1

298 posts

Posted by LimKL1 > 2018-04-18 16:36 | Report Abuse

fixed

LimKL1

298 posts

Posted by LimKL1 > 2018-04-18 16:36 | Report Abuse

thank

js2120

80 posts

Posted by js2120 > 2018-04-18 16:52 | Report Abuse

Yup just a one time selloff yesterday. London market buying back into the market; tomorrow should be good as long and dow is steady tonight.

Betta68

2,300 posts

Posted by Betta68 > 2018-04-18 17:24 | Report Abuse

Hope some of you manage to collect below 0.430. Tomorrow should be intresting day.

Gayau

5 posts

Posted by Gayau > 2018-04-18 20:08 |

Post removed.Why?

mawiLegend

152 posts

Posted by mawiLegend > 2018-04-18 20:30 | Report Abuse

u guys make money only 0.01 cents? aiyaaa..main forex ka apa u alls beli pagi hari ni beli untung 0.01 cents jual petang? come la ini saham maaa..beli dump la dapat dividen sikit..tapi u alls manyak kaya maaa beli 10 juta share untung 0.01 cents..huhu

pc_FA

604 posts

Posted by pc_FA > 2018-04-18 22:24 | Report Abuse

Thanks, Betta68. Very good info sharing.

pc_FA

604 posts

Posted by pc_FA > 2018-04-18 23:09 | Report Abuse

@Betta68,might to know coking coal low/high is good for Huaan? Thanks.

mawiLegend

152 posts

Posted by mawiLegend > 2018-04-19 02:46 | Report Abuse

coal ind still low in DJI..price drops

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