ykgi-investor start to come in-EPS of 1.7c for last quarter, if maintain for 4 quarters, translate to full year EPS of 6.8c..taking multiple of 10, price range should be 68c (in theory)
I just bought the warrant at 0.095, the mother share broken out the 0.28 resistance, hopefully the warrant will follow suit breakout the 0.11 resistance
Because I interpreted the news wrongly. Scared people get wrong info. It should be : 1) China's steel output in July 2016 more than July 2015 a bit only. 2) However the output in this July is less than last month(June). 3) This is in line with China's drop in steel export for July. 4) China's target to reduce steel capacity for 2016 reaches almost half. By putting more effort, China will be successful to meet output target cuts. 5) Best of all, output of steel products increases in July, means steel is still in demand, coupled with the most-traded rebar, rose after the output data today.
Conclusion: YKGI directors are concerned that steel supply from China is not reducing fast enough and this may affect steel selling price. However if China continues the efforts, the concern will relieve. So next we as investors will wait for mid-Sept for another China's steel output report.
wait till Nov....for theit next P n L ....the share has surged almost 50 pct alreadybase only on 1 recent qtr earnings that is positive eps 1.71 ....all other qtrs are red n losing money
when steel price go up, this counter doesn't follow as other steel related companies. only start moving after quarter announcement. but market also not good lately. so many counters going down as compared to counter going up
Playing with commodities prices really no easy matter. Anyway, today many counters dropped simultaneously 3pm onward. So for YKGI, the main influence for today's drop may be the overall market sentiment and not the steel price. Steel price is still stable atm.
Actually at the end of March 2016, there was a two-day spike of YKGI share price in tandem with the rise in steel price. Only thing was YKGI was not "hot" enough to be speculated at that time. If not mistaken, Hiaptek and Annjoo were those "hot" steel companies speculated at that time.
That is why after YKGI QR released, people chased it like mad because it was totally undervalued at 0.180 cent.
To see if China manages to cut steel supply for this Aug to meet target output cut. This week the China top official gave assurance that steel output will decline. Thus rising steel prices. As for demand for steel products, there are mixed views.
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Posted by Redpeople > 2016-06-07 11:27 | Report Abuse
time to fly high.. stay cool..