It will if the hedge their raw material that suppose to use for 700mt to 2700mt. I'm not an expert in this. Mayb you be more familiar. I just drawing parallel base on what i seen from Airasia previously where the hedge their oil and make big gain and big loss from the fluctuation of the oil price. If not mistaken, there was a impairment from Airasia previously when the hedging went the opposite way.
Wow, it just went above SMA 200. Not a technical person, but I guess that is a good news? The QR is expected to be released by this Friday, 29th. Will this friday be a good Friday???.... @^_^@ meow....
Last 2 days my sell q from 385 to 400 kena sapu habis, I tot this time.kena ppl collect my stock liao.... Now come back down like that, dunno what happened. Got to wait to look see look see can buy or not
Above expectation quarterly result, operators n retail investors want it to drop to 36-37 cents also nothing to say........Like MSM, kena goreng up until like near future very bright...:)
389 buy back a bit first. Kenot chase. The burger sell down before announcing positive results, dun play play cos they can dump down further to those who dare to chase....
Yes. While ESSB performance is a little lacklustre, Hiaptek performance is consider good. In any case, the ESSB's performance is acceptable, and this provides some additional insight about their operation. Considering that ESSB's new capacity has only been in operation for about 2 months as it only began on October 23. Moreover, since then, it has only been running at 80% capacity. I hope it ramps up to 100% by January. They also mentioned the high cost of raw materials, which I assume to be iron ore. Since January, the cost has decreased by roughly 25%. Of course, the price of Steel has decreased in tandem. So let's wait another 3 months to see how this affects the next QR.
Most important is for the ESSB to get up to 100% utilisation for the new capacity. Follow with the completion of the HRC mill in Oct and successful commissioning and production of HRC. If all of this goes according to plan, I think ESSB is on the right path and alittle luck from better steel future pricing should help this counter. In the mean time, I will just sit back and relax and enjoy a cup of hot chocolate...... @^_^@ meow
Steel futures extended their slump and fell to CNY 3,330 per tonne in April, the lowest since March 2020, as persistent pessimism over the health of the Chinese property market sustained a poor outlook for ferrous metals. The developments were lastly underscored by grim corporate results for key property developers, with Vanke reporting a 50% slump in their core profit for 2023, while debt-ridden Country Garden delayed the publication of their report. Additionally, industry data showed that the value of new homes from the 100 largest Chinese real estate companies plunged by 46% in March. Poor consumer demand for new homes drove constructors to slow the purchasing of ferrous-metal-intensive construction material, driving stocks of iron ore inputs in China to surge to a one-year-high of nearly 130 million tonnes.
Cantik ! 0.41 today. lower iron ore cost produces cheaper Iron to market, what no change is production cost and profits, Afterall, there are some countries need to rebuild if the WAR is over. So up up up .......hehehe...............
I am no Sifu la tksw, ppl lari we keep it for next Q lo, Phoebe said the JV just started 2 months and result is good ma. All new factory not going to do well fist few month la. Furthermore lower iron ore produce cheaper Iron ma but profit magin stay. Once Iron bar become cheaper I also want to reno house de. Buy buy buy .............hehehe...................
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....
Phoebe
464 posts
Posted by Phoebe > 2024-03-20 15:32 | Report Abuse
It will if the hedge their raw material that suppose to use for 700mt to 2700mt.
I'm not an expert in this. Mayb you be more familiar. I just drawing parallel base on what i seen from Airasia previously where the hedge their oil and make big gain and big loss from the fluctuation of the oil price. If not mistaken, there was a impairment from Airasia previously when the hedging went the opposite way.