Huaan is not the only stock trading lower, Sapura, Hibiscus, Dnex, HbGlobe, Frontkn, Ucrest, PUC, Hengyuan and alot more,, this downtrend sentiment required support from Huaan Major investors, they may see opportunity to buy more, who knows! Huaan good fundamental still not changed.
Better wait till Huaan start production from oven 4 and 5..now he is only using oven 1,2 and 3. If demand pick up in the summer season, he may double his production rate..than we may see big jump in share price.
Huat, info available in previous QR, and many other usefull info that investor should review befor investing in. Ask, summer season means increase in construction, increasing demand for steel comparing to winter period, so increasing demand for coke,, got it?
Come, how do you know about fundamental? Appritiate some analysis supporting your statment. Huaan PE is below 5, this explain enough, share is undervalued in my opinion.
Share goes up and down, pending on many things mainly market sentiment, fundamental, bad or good news, high low prices, war and peace, divedent issuing, free warrent, loss of revenues, geopolitical..etc.. I beleive Huaan have good fundamental, sooner or later the share will recover back above 0.60
Today and yesterday volume very low, this means at least 500 millions of shares afloat owned by multiple investors are kept on Hold, only 15 millions shares traded today, with the absence of buyers, share fall a bit..
Huaan audited annual report for 2017 will have to be issued very soon befor the end of April. I expect the report will show a net income of 80 millions ringgit for 2017 compared to net loss of 220 millions for year 2016.
I do not think that there is a direct relation between klse and Huaan, both can go up and down in different direction... ""buy in June and stay tune..."" lol.
volume too thin to have any significance these few days. There will be naysayers and analysts who hope to strike it with their "predictions". But at the end of the day, it can go either way - up or down. The only way to be sure is in the books of the company - whether profits are greater than losses and if the profits will continue to increase.
Greater China mkts have been particularly weak of late. This is a bursa company, with its operations in China. It is difficult for it to buck the generally weak mkt trend, unless with a compelling reason.
With a major event to unfold on the domestic front on 9 May, I do not expect any major price move up, except for the release of an excellent set of result, which remains to be seen. Nevertheless, macro news will usually weigh higher than micro news.
Just to share with you, I notice that June coking coal and coke price ratio is higher than the ratio used in the previous qr average price report. June 2018, Coking coal price is 1250 and coke price is 1940 ratio 1940/1250= 1.55. Previous qr show ratio of 2019/1317=1.53. Note how higher the ratio how bigger the profit. Anyway, this is just an observations as prices changed every day..
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....
Gohhocks
238 posts
Posted by Gohhocks > 2018-04-25 13:37 | Report Abuse
If the coke & coal price continue to rise in China, probably just hold & wait for Huaan share to go up only.. my thought.