1) china steel cutting steel production especially during winter season, can confirm? 2) if yes, then what makes coke sales good in relation to point 1?
No matter with delisted or coke prices. I think the big question mark now is impairment loss in final quarterly result. If big impairment loss recorded, then 100% downtrend.
What kind of impairment lost for previous year.. for my understanding it seem relate to coal and coke price ..This year coke /coal remain 1.5 above.. I think don't have impairment lose
Can refer to this.. base on huaan report.. need around 1.38tone coal to produce 1 tone coke.. is it their impairment lost ? Year before 2015 , remain at 1.4 level, 2015 avg I think 2015 around 1.25 cause 228mil impairment lost .. 2016 avg 1.3 + cause 190 impairment lost .. Not sure correct anot.. now coke /coal is around 1.61.. just my opinion.. not sure correct anot..
But last year no production, how come got impairment lost ?
Huaan last two year also impair liao PPE 152m, goodwill 108m and trade receivable 120m.
Now u c back, currently all receivable is new receivable, they are good buyer, this 2 quarter the cash flow is ok, got pay back cash. SO it is unlikely to impair trade receivable.
For PPE, last time impair the furnace cause the future benefit of that furnace is lower due to leasing out. Currently the coke price is high and making profit, so it is unlikely impairment too.
For goodwill it ady 0, how u wan to impair?
For inventories, they just buy it and still can sell high price in future.
Ticket to the speedboat was sold at 23. Now ticket to the cruise ship is selling at 22 ! I think that is a BIG BARGAIN. No wonder it also catch ah Leong attention !
Anybody can check is that Yang Dipertua N9 still the big shareholder ? If yes this counter sure will not going to delisted ... what abt they sold already ?
1) china steel cutting steel production especially during winter season, can confirm? 2) if yes, then what makes coke sales good in relation to point 1? 04/12/2017 16:46
Thanks Keith. Just as I expected last friday that Linyi spot will soon move to 1900 and so soon today it reach 1900 .... just GREAT !! At 1900, even Huaan coke itself is making good profit. Together with the by-products higher selling price (especially coal tar which itself could bring extra 5 mil ringgit profit in Q4), hedging profits and increased sale vol, Huaan is going to have a GREAT Q4 !
OMG, coal tar today up by 254 to 4282 !! On 9/10 it was only 2959. It is moving closer to make EXTRA 5 million ringgit profit in Q4 ! CANTIK ! www.sci99.com/monitor-386-0.html
Yes, agreed with you Keith. Despite all spheres of Huaan businesses showing MARKED improvement, its share price remain lacklustre. This is clear sign of price INTENTIONALLY pressed down. Really no cause for alarm, in fact is opportunity for collection. Just like I said earlier, Huaan price will be suppressed until upliftment from para 8.03a, which I guessed to be annouced on 22/12, for Huaan holders to have a Happy Christmas !
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....
bennylim8
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Posted by bennylim8 > 2017-12-04 16:44 | Report Abuse
Don't attack people personally. Then our luck shall always be good. Inshallah !