Those who have sold, hoping for the price to go down and those who still keep want the price to go up. Do your own study before get influenced by anyone.
If anyone has read the " The Innovator Manisfestor" by Michael E Raynor you know exactly the problem faced in Heng Huat. See the section under "Product life cycle"..
Lower sales of oil palm EFB fibre to China market, as the market sentiment within the China’s operating environment have been weighed down by the economic uncertainties in recent months, and in line with the Group’s initiative to mitigate the credit risk exposure by lowering the sales to customers with outstanding balance exceeding credit period.
PROSPECTS - China, being the primary market for the Group’s oil palm EFB fibre, had in recent months shadowed by uncertainties arising from/ associated with the China’s stock market turmoil, slowdown of the China’s economic growth and the devaluation of Renminbi.
Although the market sentiment and demand is likely to be affected in the short-term period, the Group is cautiously optimistic that the prospects for biomass materials and value-added products remain promising over the middle and long term periods.
Maybe its time to look at China economy next year..... Will Chinese Yuan devalued again? Will Economy down? But 11/11/2015, Taobao sales worth 91.2bn yuan which 60% increase from last year. really consumption down???? Anywhere.... we all need to understand what HHgroup product, will these affected by Crude Oil Price? * HHgroup - biomass material and value-added products focusing on oil palm EFB fibre, coconut fibre and value-added products..
Crude oil drop, oil palm drop as well... will their cost geting higher than selling price?
HHG is involved in biomass industry. I considered it as a very volatile business. Currently, this business is facing problems securing buyers in China. I heard rumors about plant being shut down to cut production. If this is true, then coming financial reports will be doomed. Please do your own research before investing in HHG; market price will be even lower than current price if those reports that I gathered is truthful. Personally, I have disposed all my holdings even at a loss in this counter.
Thanks chankp. I'm ex holder, but still keeping an eye on hhgroup. If it is true, i shall shift to other profitable counter. Anyone can verify and give advice?
Shares of Heng Huat Resources Group Bhd ( Valuation: N/A, Fundamental: N/A) rose 5.88% at mid-morning amidst active trade on the company’s optimism on the prospects for biomass materials and value-added products.
At 10.39am, Heng Huat rose 3.5 sen to 63 sen with 11.2 million shares traded.
Hong Leong IB Research in a note today said Heng Huat was cautiously optimistic that the prospects for biomass materials and value-added products remain promising over the mid to long term horizon.
Moreover, the research house said the recent banning of new coal-fired plants in Beijing, Shanghai and Guangzhou of China is likely to spur demand for cleaner, alternative source of energy (such as Briquette).
“We see relief rally in near term amid bottoming up hourly indicators.
“A decisive breakout above 62 sen will spur prices towards 69 sen-73 sen levels (gap down on 30 Nov).
“Key supports are 55.5 sen-58 sen. Cut loss at 54.5 sen,” it said.
what i feel is..... This stock was being goreng with no reason last time.... Push till peak den doom...... anywhere, i bought on 0.4 and sold all.... still keep eyeing... But, the case of goreng with no reason still in my mind.....
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....
Mohd Fahmi Bin Jaes
28,636 posts
Posted by Mohd Fahmi Bin Jaes > 2015-12-08 20:09 | Report Abuse
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