I admit i become too emotion when talking about china. Thinking of the innocent baby make me feel Luckily i don have baby

This post has been edited by darkknight81: Oct 22 2008, 08:51 PM

What about Japan ? They killed many Chinese before.

Does it make you feel better.

This post has been edited by SKY 1809: Oct 24 2008, 07:10 AM

Yup. But in business world trust is very important. What china ppl doing will make investor and consumer loss confidence against their product. I beliv no one will dare to drink china dairy product anymore..."It is hard for you to get a second kidney" at least ppl will think like this..How about the can food? Ppl will think twice before buying too... They are spoiling their reputation. Once pppl loss confidence against you.. it is very hard to gain back the trust again.

This post has been edited by darkknight81: Oct 22 2008, 08:58 PM

Out of topic leh... Don't talk about China-Japan... too heavy...

But one thing Hua An actually can hope for is for the authority to lift the export duty, immediately spur up demand...

Well, in view of not so recent major earthquakes in China, China still needs the Steel to rebuild their cities.

And China is progressively developing its infrastructures, where steel is still needed.

Their car industry is at an infant stage, mainly for the locals. If they are able to export, then more steel is needed.

NTA is about 71sen, dividend policy is 10sen per share. net cash working capital is 23sen per share.

Only can see result in long term. But at 25sen , it is better than buying warrants ( not comparing apple to apple ).

Bottom line, judge your own.

This post has been edited by SKY 1809: Oct 23 2008, 09:39 AM

Don't think the steel requirement for the rebuilding is very high, the area is remote and relatively underdeveloped. Steel shall be over supply in coming quarters... Net cash/ share is 6.68 cents, and price erosion couple with raw material price erosion, stable outlook and hope for surprise... 24 cents good entry point... promising the financial statement authenticate... I still hope their government to lift the export duty, since local demand is not going to be tight anymore, same case to CPO windfall tax from Malaysia/ Indonesia governments.

Huaan 0.24...my target revised to 0.18

Then if drop to 0.18? Target revise to 0.15?

if at 0.18 now..i will sapu 300 lot today...
0.15 maybe 500 lot...to average

500 Lots is only 50 lots last time.

I think " sapu " should be used for 5000 lots and above. At least, price could move up 1 to 2 sen.

Short term speculation might can get some at 0.24, long term one might prefer to wait until their 3Q result out... Some of the company announce their result relatively early if their result is good; if they only announce it when near to the 2 months deadline... chances are...

i can do that only if Mr.Ben is my godfather,becoz they know how to print money

The first statement, I don't think it has major influence on steel demand, yes, re-construction need steel but have to consider those are highly remote area whereby re-construction would be slow and minimal in term of macro-economy.
Steel demand is mainly from economy activities growth from construction to industrial which is the major force.

They're currently supplying their cokes locally in the chinese market only right? With the added capacity, they'll be able to export it overseas also if local consumption is low?

So, can it be said that 100% of their new production capacity will be sold?

I think China government raised the tax to curb export of cokes, that's mean to ensure sufficient supply for local steel mills, but now if the local demand is no longer there, then that will be rational to remove the tax.

Seeming from their increase of inventory (that can be contributed by price increase of raw material also), don't think they actually sold all their product, might need 3Q FS to confirm. But the cashflow remain ok for 1H'08.

Yes, you are right.

It is not the intention of the Chinese Government to suppress their own steel industries. In fact, there is a need for protection everywhere in the world of their own steel industries. I do not think they want the steel ind to fail badly.

Export duties would encourage other countries to dump their excess capacities to China at low prices.

So lifting the export duties should be a wise move.

---

Added on October 23, 2008, 12:43 pm0231 GMT [Dow Jones] STOCK CALL: Aseambankers downgrades Sino Hua-An International
(2739.KU) to Hold from Buy, cuts target price to 40 sen from 86 sen;
analyst Vincent Khoo cites 30% fall in metallurgical coke prices to CNY2200/ton from peak of CNY3150/ton in August 2008
due to 30% contraction in average steel prices.
"Slowdown in construction activities and meltdown in global commodity prices,
led by crude oil prices, have resulted in a similar 30% fall in metallurgical coke prices.
Lower steel prices has eroded steel millers' profit margins,
which were caught in both high input costs (iron ore and coke) and slower demand.
As a result, many steel millers in China have cut down on production,
which affected metallurgical coke demand and prices," he says.
Cautions, impact of global financial crisis could remain profound for some time and will subdue stock valuations for some time.
Shares down 7.7% at 24 sen.(VGB)



This post has been edited by SKY 1809: Oct 23 2008, 12:43 PM

Shares disposed by naquiyuddin

No. Date Transaction Type No of Shares Price (RM)
1. 17/10/2008 Disposed 1,879,000 0.265
2. 20/10/2008 Others 400,000 0.260


This post has been edited by eltaria: Oct 24 2008, 10:36 AM

All open market disposal, no good. Maybe they need money to pay back Standard Chartered?

seems pretty bad for huaan, don't expect it to rise until 2nd Q 09, if it rises at all.....

This post has been edited by eltaria: Oct 25 2008, 06:17 PM

http://www.sinchew-i.com/node/52444?tid=1, will this serve as a stimuli to the steel counter ?