This counter played out ppl many times. From 18.5 to 27 then down to 19.5 that round, ppl like paperplane,teng,LA77 & CharlesT disappeared... From 20 to 35 & now back down to 26, another group will be forced to cut due to lack of patience.
Although every one of my 83,000 current shares are FREE, I must admit I still feel nervous watching ppl dump large lots like this!
@investorwannabe, I enter this counter already 6 months d & now I just waiting for HUAAN reply to BURSA before the deadline Dec 15th. Finally they reply but just the left the answer from BURSA.
From now (Autumn) till winter, coal and coke prices will stay depressed. I bought Huaan this morning for approval of regularisation plan. But I suddenly realised ''don't know how long it takes''. Furthermore, shrinking of Fed USD4.5 trillion balance sheet start to cause fund managers to liquidate their positions worldwide. So I have to forego the said approval to protect my capital + existing profit and hence the disposal.
In this world, only a very tiny minority have to guts to put their $$$ where their conviction lies...& BUY near the bottom when the whole world is afraid
Posted by dompeilee > Sep 26, 2016 12:36 PM Bought 6 digit number of shares @ 3.5c
Posted by dompeilee > Feb 21, 2017 09:57 AM This one will be one of the BIGGEST % gainers in the next couple of months...Catch it while it's still below 10c! :D
Posted by dompeilee > Aug 23, 2017 09:29 AM Moving...this quarter result may be +ve for the first time in 3 years! Turnaround story like Hengyuan(Shell) which QUADRUPLED from 2.00 to over 8.40 now!
Replied from: Sino Hua-An International Berhad Bernard Tan VP, Corp Comm & IR
The Company had been facing with over-supply of steel situation in China for the past many years (which caused the selling price of met coke price to drop to low level and facing negative gross margin issue ie every ton of coke produced immediately incurred losses at gross level). Therefore, on 1 February 2016, the management decided to lease out the coke operation to 3rd party for a period of 1 year with an annual rental fee of RMB 20 million (trying our best efforts to prevent further losses) . However, Bursa Malaysia Securities Berhad (“Bursa Securities”) interpreted the Company had triggered Para 8.03A in which “the Company is purported deemed to have temporary suspended its business or its major operation” and thus classified the Company as Para 8.03A status company. The Company is given till 15 December 2017 to submit a regularization plan. On 1 February 2017, the Company officially took back the operation of our coke production plant (did not renewal the leasing agreement with 3rd party) in view of better steel market/industry outlook in China . After reported profitable 2Q17 & 3Q17 financial performance, the Company had on 8 November 2017 (more than 1 month before the aforesaid due date of 15 December 2017) duly made an application to Bursa Securities for the upliftment of the Company from being classified as an affected listed issuer pursuant to Paragraph 8.03A of the MMLR of Bursa Securities and we hope to receive favourable reply from them.
I think support will move up to 0.25, u less pitty people are scared and sell for less, which i would be very happy to collect,,,,trus the company fundamental.
Coal tar price today yet again increase 80 to rmb3286. It has increased more than rmb300 per ton (>10%) since early oct ! www.sci99.com/monitor-386-1.html
Let huaan drop. Allow those who miss the bus to come on board !!
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....
bursa007
86 posts
Posted by bursa007 > 2017-11-15 13:53 | Report Abuse
no need to pretend sympathy and cry here