wow good management, thx keith han for the update. i did email to antah holding as i got some small biz with them, to tunku's sons, but no reply to me. but i think this antah holding is totally out from core of huaan.
hahaha,dont angry la..we know he make nonsense..where got so fast know the result since submitted yesterday...as what i know huaan sure will get approval soon due to 2strong quarter results..and coming quarter will be the same..maybe stronger than 2quarters before..so 0.50 is for sure especially when next quarter result is out...
Reference is made to Hua-An’s announcement on 4 March 2016 in respect of the Waiver Application.
The Board of Directors of Hua-An wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has vide its letter dated 16 June 2016 informed the Company of its decision to reject the following after due consideration of all facts and circumstances:-
(i) The Waiver Application; and
(ii) The Company’s appeal to Bursa Securities to accord it with an extended period of 24 months (from the date of Bursa Securities decision) to either recommence its coke operations or submit a regularisation plan, in the event the Waiver Application is rejected.
As such, Hua-An is now being classified as a Paragraph 8.03A Company.
This announcement is dated 17 June 2016.
24 months period. Company resume within 12 months, looking good now. ^^ don't worry let's sail together.
Hahaha...solid info wo...2016 kena rejected is because no improvement sure kena..now is different...if u got so much of info i think u no need to comment here,earn a lot from those info le since u know well all the bursa people..kakaka
Another reason why huaan got so much exemption at china is that the jiang quan group owe bank 20b loan, if their jiangxin steel was forced to cut down production they cant pay the monthly instalment, the bank has the risk to bankrupt as bank using money by selling bond. This almost happen in 2015 when they shut down jiangxin steel and huaan.
@Uncle_Lim Damn dude...Don't dump rubbish info here. Show facts and good reasoning. Did you queue at 0.265 a few days ago, didn't get, and now sour grape?
We have concentrated on coke but overlook the IMPORTANCE of Huaan by-products.
As coke price came down in Q4, coke profit margin in Q4 will be lower than Q3. However this lower coke profit will be offset in large part by the by-products.This is because (1) by-products is a BIG profit contributor to Huaan and (2) unlike coke price which has slided in Q4, by-products prices keep going up in Q4 !!
Huaan Q2 and Q3 gross profit are 26 mil and 42 mil respectively. For the Q3 extra 16 mil gross profit, 9.5 mil is contributed by the coke better margin while the other 6.5 mil is contributed by the by-products better margin. That mean by-products contributed 40% of 3Q extra profit !!
So we expect the by-products to bring in bigger profit in Q4.
Based on the fact that by-products is a big profit contributor and their prices go up further in Q4, the following Q4 earning forecasts are made.
(i) If Q4 coke margin is less than Q3 but better than Q2, then EPS = 3.0 sen (i) If Q4 coke margin is same as Q2, then EPS =2.5 sen (ii) If Q4 coke margin is slightly less than Q2, then EPS = 2.0 sen
If we factor in that oven 4 & oven 5 already in operation (see http://www.sci99.com/zixun/26282777.html) and start to bring in revenue, then expect Q4 EPS = 4.0 sen and above !!
@bunnypro, it is ok if oven 4 & 5 not open yet, only that need to take longer to reach 1.00. If they are open now, aftet q4 qtr rpt, it will be high speed rail to 1.00 !
better run before your money burn. already confirm, document sent rejected for the second time. if my bursa top level person tipu me, then i tipu u all la..
Hm.. document just submit Wednesday.. already know it rejected again can spread to third party ? Bursa do work so cincai already.. Besides that , what the reason reject their document .. as I know what lack just a simple paper work of document submit.. They already start run their core business more that half year ... Doesn't make any sense. = (
This time is the time to get approval...if not company wont doing so much work for extension period of delisted,improve core business and make profits for business...next week will announce the results..so everyone get ready to flyyyyyy...
The important for Huaan is to maintain a profitable business, which i guess he already show that, just hold and wait the next QR in January of Feb 18, if coke price keep its level, Huaan is going to score a 3rd profitable quarter, share may by tgen reache 0.6
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bunnypro
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Posted by bunnypro > 2017-11-09 14:47 | Report Abuse
wow good management, thx keith han for the update. i did email to antah holding as i got some small biz with them, to tunku's sons, but no reply to me. but i think this antah holding is totally out from core of huaan.