3rd quarter result should be out sometime end Nov. See how it fair....

Can sell anytime, see how the market goes.

0.245/0.250 now.

Could be cheaper tomorrow or T +3 due ?

What do you think ? 20sen can reach ?

This post has been edited by SKY 1809: Nov 6 2008, 03:53 PM

Very hard to say, 3Q result can be out anytime from now, the price will have to be determine with the result. Think will go in again at lower 20s.

Ok 20sen +- , depends how on mkt goes.

mate, how many lots of HUAAN are you holding now?

100 lots only.

Now buying back cheaper ?

This post has been edited by SKY 1809: Nov 6 2008, 07:02 PM

China announces $586 billion stimulus plan.

Will it helps?

The package, announced by the state council, China's cabinet, yesterday after a meeting on Wednesday, will finance programmes in infrastructure and social welfare over the next two years. Priorities include low-cost housing, environmental projects and rebuilding in Sichuan after May's earthquake.

---

Added on November 10, 2008, 11:00 amNov. 10 (Bloomberg) -- China's 4-trillion yuan ($586 billion) stimulus plan will boost stock-market sentiment, Morgan Stanley said, predicting short-term rallies for steelmakers, building materials producers and financial companies.

``Beijing has done the right thing to beat market expectations on stimulus package size,'' Morgan Stanley's analyst Jerry Lou wrote in a note to clients today. ``That is why we think market sentiment will improve.''

The stimulus package, of which 100 billion yuan is earmarked for this quarter, will be spent on low-rent housing, roads, railways and airports and infrastructure in rural areas. The funds, equivalent to almost a fifth of China's gross domestic product last year, will be used by the end of 2010, the Beijing-based State Council said yesterday on its Web site.

China's CSI 300 Index, a measure of local-currency stocks traded in Shanghai and Shenzhen, has declined 69 percent this year as the global economy slowed, cutting demand for the nation's exports. The stock measure, the worst performer in Asia, gained 6.3 percent to 1,783.19 at 10:11 a.m. today.

``Higher social welfare spending and rural reforms will help boost consumption,'' Jing Ulrich, chairwoman of China Equities at JPMorgan Chase & Co., said in an e-mail. While economic risks remain, ``the stock market will start to anticipate the positive impact,'' she wrote.

The government will allow tax deductions for purchases of fixed assets such as machinery to stimulate investment, a move that will reduce companies' costs by an estimated 120 billion yuan.

This post has been edited by SKY 1809: Nov 10 2008, 11:00 AM

HUAAN today's performance:

Open: 0.27
High: 0.33
Low; 0.27
Close: 0.33
Change: +0.06

Some stocks related to railways went limit up today in China, seems like those crazy days are coming back ( in China ).

CHINA DAILY :-

---

Added on November 10, 2008, 8:31 pmChinese stocks soared by more than 7 percent Monday on the news that, the State Council decided to stimulate its slowing economy by spending $586 billion before 2010 on Sunday.

The Shanghai Composite stock index closed at 1874.80 points, up 127.09 or 7.27 percent, the largest one-day gain recorded in the past month. The combined turnover climbed to 78.636 billion yuan ($11.52 billion), from Friday's 40.2 billion yuan.

Property, steel and financial shares were among the biggest gainers, although energy firms also advanced, with market heavyweight PetroChina adding 6.7 percent to 11.22 yuan.

Chinese investors had been waiting months for a major spending package, and Beijing had hinted it was likely to deliver one soon.

Beijing's giant stimulus package will bring $586 billion-worth of fiscal spending on railways, airports and other infrastructure, and on social welfare projects.

The massive government spending plan not only buoyed investors in China, but also gave a shot in the arm for all the other major stock bourses in Asia.

China's export-driven economic growth slowed to 9 percent in the third quarter, its lowest level in five years and well below last year's 11.9 percent.

Apart from accelerating and increasing spending, authorities are also loosening credit conditions and cutting taxes, although exact details of the plan have not been disclosed.

This post has been edited by SKY 1809: Nov 10 2008, 08:34 PM

congrat to those bought HUAAN around <RM0.25

This post has been edited by Junior83: Nov 10 2008, 08:39 PM

haiyoh totally missed this counter ... was so negatve about it with all the selling by major stakeholders

Sold Huaan at 34.5 sen.

Buy on dips, sell on rallies.

Results could be out anytime soon.

Prefer to wait and see first.

hands clean now?

oh congratz by the way

Thanks.

Moving over to another penny stock RCE CAP

Waiting for the next boat?

---

Added on November 11, 2008, 5:47 pmHua An 3Q result out. 3Q burning cash, kena drag by customers? Profit drop 70+% (expected), revenue almost double up from a year ago but margin kena squeeze like hell. Worse than my expectation...
Closing drop quite a lot. Good move for sky, or just sheer luck?

This post has been edited by htt: Nov 11 2008, 05:52 PM

HUAAN today's performance:

Open: 0.33
High: 0.355
Low; 0.30
Close: 0.305
Change: -0.025

Sorry mate,

I am a bit just lucky.

Coal ( ram material ) down only by a very small margin , but steel price drops a lot .

Overall, it is still a well managed company, just facing difficult operating environment.

Even our Telekom is losing money with 2b sales

Looking forward to buy at 20sen +-.

This post has been edited by SKY 1809: Nov 11 2008, 06:54 PM