Posted by lucalucas > 2017-11-16 18:23 | Report Abuse

Like roller coaster

Posted by anson8222 > 2017-11-16 19:18 | Report Abuse

Keep bullet 1st & waiting for top-up if further drop.

Posted by Newplayer286 > 2017-11-16 19:29 | Report Abuse

Dun further drop leh

Posted by Younglearner > 2017-11-16 21:35 | Report Abuse

this few days the market keep RED SEA only

Posted by alex88812 > 2017-11-16 22:50 | Report Abuse

huhu.. my cost also above 3.1... no bullet for averaging.. if drop samo.. then would consider to sell other shares to average this!! but of coz hope don't drop anymore..

Posted by Gohhocks > 2017-11-16 23:08 | Report Abuse

Probably can consider to buy; as what Warren Buffett said " u want to be greedy when others are fearful".. haha..

Posted by Uncle_Lim > 2017-11-17 01:22 | Report Abuse

delisted soon

Posted by Mohammad Hafiz Ramly > 2017-11-17 05:25 | Report Abuse

@harlem
which source can we trust to check the coke price?
I to refer this site http://www.sunsirs.com/uk/prodetail-346.html shows that coke price keeps sliding down

Posted by anson8222 > 2017-11-17 07:56 | Report Abuse

Good morning @Mohammad Hafiz Ramly, for ur reference:-
http://finance.sina.com.cn/futures/quotes/J0.shtml

Posted by Gohhocks > 2017-11-17 08:29 | Report Abuse

Probably foreign fund selling, local fund waiting, or vice versa...

Posted by Betta68 > 2017-11-17 09:18 | Report Abuse

Tp 0.4

Posted by astalavista > 2017-11-17 09:27 | Report Abuse

Approval today i hope again :)

Posted by anson8222 > 2017-11-17 09:28 | Report Abuse

@astalavista, yup, hopefully. Now index already +6.30points

Posted by singunsin > 2017-11-17 10:06 | Report Abuse

dompeilee ur 83k is lots or unit?

Posted by astalavista > 2017-11-17 11:46 | Report Abuse

http://gu.sina.cn/ft/hq/nf.php?symbol=J0

Flying high :)

Posted by WhoKnows > 2017-11-17 11:49 | Report Abuse

price stagnant and inactive now

Posted by mhin245 > 2017-11-17 12:13 | Report Abuse

wont be any huge movement until they announce the reply from bursa i guess..

Posted by Betta68 > 2017-11-17 13:48 | Report Abuse

Reply next monday, grab your chance now and buy before too late..

Posted by astalavista > 2017-11-17 14:51 | Report Abuse

Big lots being dumped :(

Posted by anson8222 > 2017-11-17 14:56 | Report Abuse

Big lots BUY lar, not SELL today.

Posted by Christopher Toh > 2017-11-17 15:52 | Report Abuse

Yes！！！ Up Up Up! TP 0.40 coming soon

Posted by KLCI King > 2017-11-17 15:54 | Report Abuse

From 35 cents down to 25 cents, people like to shout only, not buying. Kept shouting & yet it kept going down.

Posted by Keith Han > 2017-11-17 16:10 | Report Abuse

Just hold .. it will back

Posted by astalavista > 2017-11-17 16:46 | Report Abuse

Oklah today close up 0.05 cents :)

Posted by Gohhocks > 2017-11-17 17:41 | Report Abuse

Got to be patient & wait for Bursa reply on the plan.

Posted by Gohhocks > 2017-11-17 19:00 | Report Abuse

If based on coke price this year, profits should be no prob, I think..

Posted by Gohhocks > 2017-11-17 19:01 | Report Abuse

Any idea how long bursa takes to reply? This is more important..

Posted by Uncle_Lim > 2017-11-17 21:48 | Report Abuse

need to wait meh? bursa insider already sell and dump furiously. U billis wait for bursa. Lol

Posted by Christopher Toh > 2017-11-18 10:31 | Report Abuse

庄家的目标价是。。。。

Posted by rr88 > 2017-11-18 11:10 | Report Abuse

Drifting lower n lower. Any uptick will be met with cut loss selling.

Posted by NoEmo > 2017-11-18 11:11 | Report Abuse

Uncle Lim, sticking my neck long long also cant get it at 20c. Plis attack vibrantly with facts n figures and substantiate your attack with substance evidence to create greater fear in the market so as 4.5c is within sight b4 closure of year 2017.

Posted by NoEmo > 2017-11-18 11:20 | Report Abuse

One short cut to create fear is to dump your coke in global market to down it to rmb600 per matric ton, meanwhile, create demand for metallurgical coal to hv the equilibrium price settles above rmb600 for months, Huaan will then die standing n go for bankruptcy. U may get its shares for free then, saving your share cost of 4.5c per unit.

Posted by leechen88 > 2017-11-18 13:06 | Report Abuse

1832 coke price

Posted by Keith Han > 2017-11-18 13:20 | Report Abuse

https://finance.sina.cn/futuremarket/pzyj/2017-11-15/detail-ifynwnty3268194.d.html?source=nfquote

I think this is good for huaan.. coke price up, coal price drop..

Posted by Keith Han > 2017-11-18 13:32 | Report Abuse

Policy until March 2018. Able help support coke price in d same time pull down coal price.. more profit to huaan

Posted by harlem > 2017-11-18 15:27 | Report Abuse

@Mohammad Hafiz Ramly, the criterias to look for coke prices relevant to Linyi Yehua Co. (or Huaan subsidiary) should be:
1) coke SPOT price
2) spot price in LINYI city, Shandong province (where Linyi Yehua Co. located)

1) we look for spot price because ".............coke supply contracts are short term and priced based on spot prices." http://www.sinohuaan.com/keyhighlights.html

2) we look for spot price in Linyi city, Shandong province because coke prices vary widely in different region of China and Linyi city commands much higher coke price than many other regions coke price in China. Hence only spot price in Linyi city would most closely reflect Linyi Yehua coke price.

So sites which offer coke FUTURES prices are out. They include sites like:
https://m.investing.com/commodities/metallurgical-coke-futures-historical-data
http://finance.sina.com.cn/futures/quotes/J0.shtml ...... and many others.

The site you cited http://www.sunsirs.com/uk/prodetail-346.html is also out because though it is coke spot price, but its price is the average coke prices of various regions of China, which definitely would not closely match Linyi Yehua coke price (which would be higher).

The site I refer to for coke spot price in Linyi city is
http://www.52steel.com/marketlist.aspx?lm=11&cs=2303&pz=1307&gc=&pg=1

You have to specifically look for 临沂市场冶金焦价格行情 in the list to find the daily rates specific to Linyi city (u may need someone who can read chinese to help you).

So if you select 17日临沂市场冶金焦价格行情 you will goto the link http://www.52steel.com/market/2017-11-17/0df1b9eb-3114-4cee-9151-ca6a33d9553b.html
which tell you Linyi city out of factory price for class 2 coke is 1700 per ton.

This Linyi spot price dated 17/11/17 of 1700 is very different from the Jan 2018 future price of 1832 on 17/11/17 (as in http://finance.sina.com.cn/futures/quotes/J0.shtml)

You may also check other cities/regions coke prices and you will find that many of their prices vary widely from Linyi city. That is why we must select Linyi city coke spot price.

I have checked steel52 site daily Linyi coke spot price from 3/7 to 30/9, which range from 1600 to 2250, and it produce average coke price of 1981. This is quite close to the Huaan 3Q average coke price of 2043.

Have fun with the 52steel site !!

Posted by Betta68 > 2017-11-18 16:09 | Report Abuse

Huaan share will open higher on monday 20/11 preparing for a positive response from BM.

Posted by Richboo > 2017-11-18 18:39 | Report Abuse

What happen to BM ?

Posted by harlem > 2017-11-18 20:33 | Report Abuse

Don't be dismayed by Linyi city current low coke spot price of 1700. Good news is coming soon .........

Posted by Ken > 2017-11-18 20:43 | Report Abuse

Harlem.How about Linyl city coal price,where to check?

Posted by harlem > 2017-11-18 20:59 | Report Abuse

I have not look into that yet. But as long as Linyi city coke spot price does not fall much much further, it is not a major concern, even though coking coal price is also important. You will know the reason why soon. Stay tune.

Posted by bobthevalueman > 2017-11-18 21:33 | Report Abuse

hahaha. what did I say earlier? ppl need to lose their pants first. GL to those who bought at above 0.30

Posted by Gohhocks > 2017-11-18 23:12 | Report Abuse

Any good news for Huaan next week??

Posted by harlem > 2017-11-19 17:45 | Report Abuse

Good News is here !!

But first let us do a reality check. Based on 52steel site, Linyi city coke spot price ranged from 2250 (9/10) down to 1700 (17/11) (latest 6 prices were 1700). Hence the average price for 4Q until 17/11 is 1976. This is close to Huaan reported 2Q average coke price of 1968.

Based on (i) Q4 coke margin same as Q2 (ii) Q4 production increased 78% (annual from 900k ton to 1.6 mil ton) (iii) by-products higher selling price in Q3 and Q4, then Q4 earning to-date is estimated to be at least 2.5 sen !

But if we assume that for the rest of Q4, Linyi city coke spot price stay at 1700, then the picture is not so rosy as Q4 average coke price will become 1854. At this price, coke margin will be low, even negative. Even with help by the by-products higher selling price, earning will not be good.

So should this be a concern, if Linyi city coke spot price remain low at 1700 ? To me the answer is NO !! Read on for the justification.

To make sure 52steel spot price is accurate, I also used it to calculate Linyi city coke average price for Q2 (Apr, May, Jun). Surprisingly I get Q2 coke average 1774, but Huaan Q2 reported coke average is 1968, difference of almost 200 !!

It was really puzzling why Huaan Q2 coke average of 1968 was so much higher than Linyi city coke average price of 1774 (based on 52steel). Even if Linyi Yehua could sell coke at higher price than other Linyi coke producer, it can't be different as much as 200 !

Initially it had caused me to doubt the accuracy of 52steel data until one day I found the answer to the puzzle, and it is simply that Huaan HEDGE coke price at the coke futures !!

Huaan could have on early April 2017 sold coke May 2017 future contract (J1705) at 2000 and later bought back at 1850, hence made a profit of 150 per ton in the futures market.
(http://finance.sina.com.cn/futures/quotes/J1705.shtml <-- you need to select the 日K button to see the chart)
So by adding the profit earn in the future market of 150 per ton to the actual spot average of 1774, then Huaan effective coke average price is 1924, which is quite close to Huaan 2Q reported average. That was how Huaan Q2 reported average beat the Q2 spot average !!

Please refer to below links for understanding of commodity hedging:
https://www.investopedia.com/university/futures/futures2.asp
https://www.investopedia.com/university/futures/futures5.asp

As Huaan hedge in the futures, here come the BEAUTY part.
Knowing that coke spot rate will be depressed in Q4'17 and Q1'18 due to winter production control, Huaan most likely would have also hedged (sell) coke at high price in the futures and later bought back at lower price to earn the price difference.
Possible contracts are J1710, J1711, J1712, J1801 where futures prices exceed 2000.

Let us assume Huaan again make 150 per ton in the coke future in Q4.
If we use the example above whereby Linyi city coke spot price remain at 1700 for the rest of Q4, which resulted in poor Q4 coke average of 1874, BUT by adding the profit earn from the coke futures of 150 per ton, Huaan Q4 effective coke average is 2024, which is about same as Q3 coke average.
Then Q4 profit = 6 sen (i.e. 3 for Q3 profit + 0.78 x 3 for 78% vol increase + 0.7 for higher by-product selling price) !!

It may sound unbelievable, but TECHNICALLY it is ABSOLUTELY POSSIBLE !

Posted by harlem > 2017-11-19 18:41 | Report Abuse

If Huaan sold the heavily traded coke future contract J1801 in sept at 2300 and recently buy back at 1800, then Huaan would have make profit of 500 per ton, add that to Q4 coke spot average, then Huaan Q4 effective coke average will be very impressive !

Posted by astalavista > 2017-11-19 19:08 | Report Abuse

Harlem...thanks for the detailed infos...plus coming positive approval hopefully Q4 is splendid

Posted by Keith Han > 2017-11-19 22:12 | Report Abuse

Coke price may drop cause of winter, lower iron production.. but it able to support base on China green policy to cut down coke production... Actually it not that bad..

But you need to know
Metal production LOW ,
Coke production also LOW , then the price of coke won't affect much ..

But when coke production LOW ,but coal production MAINTAIN.. mean coal price will definitely drop.. more profit to HUANN.

It also depends China government able to run their policy effectively anot.. now China start take it seriously..So you can c coke price start have small rebound...

Posted by Keith Han > 2017-11-19 22:14 | Report Abuse

https://finance.sina.cn/futuremarket

Posted by Keith Han > 2017-11-19 22:18 | Report Abuse

https://finance.sina.cn/futuremarket/pzyj/2017-11-15/detail-ifynwnty3268194.d.html

Posted by Gohhocks > 2017-11-19 23:20 | Report Abuse

Thanks Harlem, looks impressive, especially Q4 profit, beat any analyst expectation,.. if it's true, Huaan sure fly very high...