Sino Hua-an Returns To The Black In The Third Quarter
Last update: 30/10/2017
KUALA LUMPUR, Oct 30 (Bernama) -- Sino Hua-An International Bhd returned to the black with a pre-tax profit of RM34.15 million registered in the third quarter ended Sept 30, 2017, against a pre-tax loss of RM10.20 million recorded in the same period a year earlier.
The company recorded a consolidated revenue of RM269.30 million for the quarter, compared with nil registered in the corresponding period following its operationalised coke ovens that were subject to a leasing arrangement, spanning over the review period.
"The group recorded a cost of sales amounting to approximately RM227.4 million during the current quarter under review with the average coal price recorded at approximately 1,198 Renminbi per tonne.
"The group recorded a gross profit of approximately RM41.9 million in the current quarter under review," said the company, which is engaged in the production and sale of metallurgical coke, in a filing to Bursa Malaysia today.
If huaan can weathered through the next 2Q without going into red, it will come back strongly in 2Q'18, then we will see 1.00. Now is still early time.
At its current price of 17 sen and market capitalisation of more than RM190 million, it should not take much for Tunku Naquiyuddin to privatise the company, but he has not given up on Sino Hua-An.
"When China grows again, we will ride that prospect. Plus a privatisation would mean having the blessing of my Chinese partners."
Tunku Naquiyuddin effectively owns a 27.3% stake in Sino Hua-An while his Chinese partners own more than 16%. Interestingly, Lembaga Tabung Haji has been a long-term shareholder with a 6.29% stake.
during 1st wave I said 0.225 and below is good to collect, after 0.225 is chasing high; now for this wave I will said below 0.38-0.39 still a good buy ...... after 0.38/0.39 is chasing high ...... TP I will say 0.60 .........
Buy before it surge with much faster speed .......
yup.. in my opinion less likely to go down, yesterday's opening was too high and collecting phase at 3.5-3.15 cents. many people exit without knowing how potential this stock might be,,, i played roller coster in this stock becoz its definitely uptrend...for TA yesterdays candle making us confused to entry or not but look at the fundamental very strong uptrend, therefore this is game of psychology..
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....
pang72
52,280 posts
Posted by pang72 > 2017-10-31 18:12 | Report Abuse
Sino Hua-an Returns To The Black In The Third Quarter
Last update: 30/10/2017
KUALA LUMPUR, Oct 30 (Bernama) -- Sino Hua-An International Bhd returned to the black with a pre-tax profit of RM34.15 million registered in the third quarter ended Sept 30, 2017, against a pre-tax loss of RM10.20 million recorded in the same period a year earlier.
The company recorded a consolidated revenue of RM269.30 million for the quarter, compared with nil registered in the corresponding period following its operationalised coke ovens that were subject to a leasing arrangement, spanning over the review period.
"The group recorded a cost of sales amounting to approximately RM227.4 million during the current quarter under review with the average coal price recorded at approximately 1,198 Renminbi per tonne.
"The group recorded a gross profit of approximately RM41.9 million in the current quarter under review," said the company, which is engaged in the production and sale of metallurgical coke, in a filing to Bursa Malaysia today.