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Recently, notice an increase of interest on this counter over the cyberNet (investment blogs).

Post your comments, good, bad, TP, or anything you may feel/thought/information about this counter.
Thanks.

Excuse me , may I know "TP" stand for what ?

TP=target price

http://www.hlgs.hongleong.com.my/lib/2008/...ny/08072431.pdf

Huaan is coming.

Doing very well this morning.

yes huaan has the indicator might go up. this has started pass few days ago

wat is the current price?

4:15pm trading at 0.64/0.645 highest 0.665.
Hope it pass 0.70sen this week.

Have you notice that someone is trying to curb the price from going upward. They keep on queing sell of about 5K plus lots and sometimes they put 10K plus lots. Funny becoz it will disapear and coming back later. Why they do this. Are they trying to collect at lower price?

Although the indicator shows to buy in, but the RSI hits more than 50 d. High risk to buy in, too much of ppl holding this stock d.

Huaan 1H profit 72million.

I have been buying quite alot of this share, volume is there... I cant understand why it continues to drop. I dont think it will drop further. This company is debt free, plenty of cash and good profit... what else can you ask for ?

If someone says that steel industry is going to sleep after the olympics, there will always be next olympics. There will always be new bridge, new big buildings and other constructions... all needs steel.

To be precise, Huaan is not steel company but a company that supply coke that needed for steel processing materials.

I don't have any research on this company. Is it true that the company is debt free by looking at company balance sheet? Curious to know also.

as long as steel industry is alive, HUAAN will do well... they need the products from HUAAN for steel processing. Even if the entire Steel industry collapsed, HUAAN can still survive by selling coal and its by products. They buy coal in bulk from mines directly, latest news... they might be buying over some coal mines.

Yep.. this counter is debt free... it has zero loans from bank.

This post has been edited by tsd: Aug 28 2008, 02:27 PM

Err... not the same analogy, yes, Huaan's product is needed for steel industry, but it doesn't mean if Steel company is earning good money, Huaan must or should be able to do also.

It is about pricing power, cost and competition among themselves within the industry. Yes, it indirectly affected by steel industry because steel industry is its customer, but higher revenue doesnt' mean higher profit. As if coal price is surging faster, then it might mean higher cost for them in the future as well.

Don't get me wrong, I don't say Huaan is not good, in fact, it low price with good earning starts to attract my attention as well.

Just we can't say if steel industry is doing good, then those supply to the steel industry must be doing as well.
It is similar to oil industry, crude oil price is surging to historical high so does gasoline price, but refiners are facing profit margin being sqeuezed even though gasoline rose to historical high because the pace of gasoline price increment is less than crude oil.

Just my 2 cents.

Btw, got any link for getting the financial report of it (particularly on balance sheet and cashflow), so that can study a bit on it. Can't find it at the KLSE website.

NVM, just found it already.

This post has been edited by cherroy: Aug 28 2008, 02:49 PM

Huaan secures coal at very low price and it is located very near to big coal mines, so it does not have to spend very high on transportation. It has also secures long term electric supply at a discounted price, besides that it also has special tax incentives from the Gov of China. Everything looks positive.

you can find the latest balance sheet, cash flow from www.klse.com.my under announcement.

May be the share price dropping because of concern on its profit margin. Nevertheless, its profit in term of EPS and cashflow look healthy.

Taken from the financial report,

yep, they reason why their profit margin reduced is because they were unable to pass the increase of cost to the consumer, which is no surprise. If a steel producer order coke from Huaan, they will secure the order months ahead. Prices are fixed already at point of order when contracts are signed, if cost increase... there is nothing much they can do.

However, they will have new orders in the future... and they are able to charge higher this time, with the raw material already in hand...they will be able to make higher profit margin next time around, this can offset the loss in profit margin previously.

It can be view as half full or half empty in term of special tax incentives and others cost factor as mentioned (buying at discount price).

1. If those being taken away, then it might not as profitable as it was/is. So for half empty view, the company is not as profitable or competitive as it looks because those cost price is not according to the normal market price as well as tax incentives wise.
As those discount price purchase or tax incentive wise although might be long term, but we knew it is not forever, that's where market concern of.

2. Half full view, those lower cost will able the company to register more healthy profit to the company.

Generally, as market is forwards looking mechanism, market generally tend to take the view on (1) more than (2). Because market generally more concern about the true competitiveness of the company.

It is similar to TNB, although TNB registered billions of profit, market generally doesn't react quite positively because market knows TNB is buying natural gas from Petronas at huge discount price compared to market price. So its share market price generally being traded at a discount compared to its peer.

Don't mean to comment on Huaan whether it is good or bad. Just some experience that how market view on a stock generally.

Judge you own.

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Added on August 28, 2008, 3:15 pmBtw, you or anyone can explain why they want to list in KLSE in the first place by reverse takeover of Antah? I am still struggling to find a reason for it.

As listing elsewhere particular in China market or HK, they can easily chalk up more premium on their share price compared to KLSE. As we knew KLSE performance wise is not so good compared to others regional market.

This post has been edited by cherroy: Aug 28 2008, 03:15 PM

KLSE used to be #1 performing stock market in this region, maybe those people in China was convinced by certian individuals that our market will recover to its former state. Anyway, after realising this problem, they are planing to have a secondary listing in Hong Kong, singapore or London soon. BUT before that, there is this Anwar factor, with him in the parliment ( and potentially becoming PM ) foreign investor might be attracted to come in... and who will they notice ? HUAAN is definately one of them... it is very unusual for a BLUE Chip company like HUAAN is trading below RM1 ( unless someone is playing up something, someone could be accumulating at cheap price ). When listed in Hong Kong, the prices of HUAAN is definately going to rise.

Do you know how big is this company in China ? they hire more than 1000 workers in just 1 site which is 319,014 sqm... thats meter, not feet... do you know how big is that ?

http://www.sinohuaan.com

This post has been edited by tsd: Aug 29 2008, 07:41 AM

This is 10 years ago story prior before 1997. Since then KLSE no longer a major attraction for foreign investors (for equities market). This part still really puzzling me of its listing in KLSE, may be got some relationship with Antah shareholder previously. That's my guess only.

Again, explain 12352 times already, (joking only) how large, how many employee, how tall the company building, how sizeable the company is not the most important matter, what matter most for the stock market and its share price is its earning ability, competitiveness and able to generate profit in term of dividend to the shareholders.

Sizeable of company, number of employee never a good benchmark comparison as different industry has different nature of business which is not comparable. Mining company surely is more labour intensive and work on sizeable area, while for tobacco company like BAT, it might be having less than 100 employee and with a small factory but still able deliver the same revenue and profit compared to 10,000 workforce company. So can't really use those figure to compare, the key issue is always efficiency, competitiveness of the company within the industry and ability to generate profit and create wealth to the shareholder.

Financial report basically reveal almost the details of the company (like how much worth of those sizeable building/ work area already), so it is much better look at its financial reportf or justification rather than looking at the size of the company. No offence and don't get me wrong, not saying it is not good or good (as above statement is a more general statement, not specifically towards Huaan issue), just to highlight what to focus when evaluating a company or stock.

Just my 2 cents.

This post has been edited by cherroy: Aug 29 2008, 10:36 AM

Thanks for the sharing, it was indeed an informative one. It is very true, a share price is drive by its earning. If earning is deteriorate there goes the share price as well.
At the moment Huaan's earning seems to be inceasing, not sure how it will fare when it capacity is in full operation in near future. Should expect a good earning ahead but anything can happen then, no one can guarantee its safety when come to share invesment but what we can do is to understand the current finnacial condition of HUaan and also it prospect in future. This will tend to lower the risk.
I bought some Huaan shares recently and been keeping for a while. Hope it value appreciate and maintain a sustainable earning in years to come.

This post has been edited by smartly: Aug 29 2008, 02:20 PM

I know some company big size but not doing well... However size makes them NOTICIBLE. Imagine if investors are visiting china, then the saw that plant... first thing in their mind is "WHAT THE HACK IS THAT ?" if the company is small, they might not even notice it.

When people notice, people will try to find out... when they see the company financials they will decide ( with HUAAN type of financial results and business, very likely they will pump in money ). A lot of small companies who did very well but get un-noticed. They are simply not visible and dont have capacity if needs arrises... even if someone wants give them big business, they cant cope.

I'm looking in to Huaan as well.

But how did you guys manage to dig up so much info?

Er..... I don't think you are getting my point on previous post.

To look for investment target, equities investors won't strolling around a country then see a huge factory then starting to interested in it. They won't care your factory is 10 acre big or your mine field is 100 hektar.

Equities investors will look for those company that can deliver them good return rate on their investment over the long term, in term of creating wealth as well as through dividend. It is always the main point and main criteria to start with.

We only care how much it can deliver profit and dividend to the shareholders, we don't need to look how sizeable, how large the company factory, how many employee it have etc. This is not the main consideration in equities investment.

Sizeable can be advatange and also a liability which is another issue.

This post has been edited by cherroy: Aug 29 2008, 03:18 PM

Before they invest, they do visit the site. Imagine you are driving along the road infront of HUAAN, after 10KM driving, you still see the same factory. That is impressive. If you have a small factory, how much can you grow ? Can it take in big orders ? What if suddenly a huge project up for tender... HUAAN is the type of company that will win such tender. Investor will invest in these type of company where they are able to take in big business.

Besides all that, HUAAN delivers good dividend, good profits, good cash flow... everything we want is there. I still cant believe it is still under RM1.

Huaan big volume on yesterday trading. Shares exchanging ?
tsd, any comment on this ?

can someone explain to me what is secondary listing and how it is going to effect the price in bursa?

Secondary listing means list the company in another exchange only. Just like Huaan already list in KLSE, they can opt to list at HK exchange, which both exchange is trading on the same share.

It has some effect, depended which one is the dominant trade on it normally market will take the cue from the higher volume market. The less dominant generally will track the dominant exchange traded price. But it can have discrepancy price of price in between depended on demand and supply. But it can't have too great discrepancy as if the difference is too big, it will mean profitable for someone to do the cross-trade or arbitrage aka buy at a cheaper side, the take it to sell at higher price side.

Thnx cherroy for your explaination. btw how about the numbers of shares? is it the same or increase in numbers?

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Added on September 3, 2008, 1:46 pmThnx cherroy for your explaination. btw how about the numbers of shares? is it the same or increase in numbers?

This post has been edited by goognio: Sep 3 2008, 01:46 PM

Number of shares is still the same (if they don't opt for bonus issue or right issue which is different story).

Numbers of shares you can simply increase one, it will affect shareholders benefits.

waluweh huaan already super cheap. how come the price drop so much. got bad news is it?

Bad news -
Profit margin declining due to higher cost
Market view it as half empty (due to tax incentive, etc as discussed in previous post which is not sustainable in long run)
Steel price is declining so might affect coke price steel company willing to pay.

Good -
Price is relative low, might be a bargain, might not be as well.

In this kind of environment, the high volatility of materials price which affect a company cost, it is very difficult to judge a company share price through PER, as no one will have the accurate way to measure it nor foresight to view the exactly future situation will be.

For eg. like Airasia. It is a less than 10 PER stocks by using last Q result, but it becomes a more than 30X PER stocks after recent Q result. So previous drop in share price of Airasia seems investors were getting roughly right on their future forseeable financial result.

So whether current share price reflect future trend of company result, your guess is as good as anyone. Whether it is super cheap or not at current price, only future financial result can give justification on it.

On the other hand, (Huaan is not a steel company, don't get me wrong, just a simple example) steel company tends to trade at lower PER side, because market view those steel price or specifically the tremendous increase in profit margin on steel is not sustainable over the long run, as cost will be catching up like electricity price up significantly as well as others cost like transportation etc.

One thing for sure, there are many foreign investors are fleeing this market and KLSE might be getting downgraded by most investment bank.

Just my 2 cents

I just look at this share. I think not bad if can keep for few more years. What do you think Cherroy?

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Added on September 4, 2008, 1:29 pmThis post has been edited by darkknight81: Sep 4 2008, 01:29 PM

share is still dropping, steel prices has drop quite alot because of over supply... people worry might impact HUAAN cos steel factory may produce less steel, so they might less HUAAN products. Lets hope got some major construction work coming soon to consume the steel.

Somemore the problem in Thailand and BN gov is also in trouble, people are too scared to invest in KLSE.

This post has been edited by tsd: Sep 4 2008, 04:13 PM

Haven't decide to buy yet. Still early.. Haven analyse the PE and DY yet as it jsut listed last year not so easy to see.

But is china man company a bit worry as they are very cunning If buy also buy some only for fun... Don dare to really invest into it. Buying some to ops for some contra gain



This post has been edited by darkknight81: Sep 4 2008, 04:35 PM

A reminder,

You can't rely on PER to make justification at the moment especially those involved in commodities related one, as those past year PER data can be misleading. As we know future earning will be in different picture.
Airasia is the good example lately.

One question always remain on my head when seeing this counter, why they want to list in KLSE in the first place? Most people already know they won't get good premium on listing in KLSE compared to SG or HK or even China market itself. As Huaan core business is in China, not in Malaysia as far as I concern. For Malaysia company, yes, they have no choice but only in KLSE, but for Huaan, it is not the case, they can opt elsewhere that is more liquid and bigger market.

It is relative new company, so what the company policy on dividend not yet known, hard to judge.

I suspect this is sort of bail-out for Antah group which was not doing well.

backdoor listing, easier to achieve.

here is the story why it is listed in KLSE, http://www.sinohuaan.com/images/history2.jpg

This post has been edited by tsd: Sep 5 2008, 01:19 AM

HUAANN is a blue chip? News to me.

If it is how come the price so cheap?

Share price has nothing to do with whether or not a counter is blue chip. Share price can be manipulated to be very high or low depending on the par value as well as the number of shares.

I'm just curious how some have said HUAANN is a blue chip and wondered how they came to that conclusion.

The name of blue chip normally given to those reputable, has long history of good earning, big cap and stable company.

Huaan is a relative new in the market, although there is no specific rule to say which is blue chips or not, for Huaan, most analysts won't classifiy it is blue chip.

I thought blue chips meant those CI component stocks?

There is no specific way to classify or rule on it, just a market jargon to those as I mentioned.

The reason why people taught this way because normally index will include those big cap and well perform company so that index looks good and represent well of the country bourse. You want your index becomes higher and higher, right?

You definitely don't want Transmile as one of the component, right? it drags down the index while make the index looks not so good. That's why they always discard those not well perform one, and including newly good one from time to time.

If non-index linked can't be said blue chip then we have to discard Resorts as blue chip already, while the like of Transmile was a blue chip.

No offence.

Probably...Because it was one one period one of the hottest stock that everyone is talking about therefore got famous...Famous = Blue Chip??? XD LMAO!!! or CI drop, HUUAN drop badly and CI up HUAAN shoot through the roof?XD

hahaha Huaan the BLUE CHIP go to Holland already

Did they get themselves listed there as well?

if not mistaken, HUAN is under Antah rite?
not a good management team..

Panic selling only, nothing to worry... the whole KLSE is dropping.

People worry steel price drop, but they forget price of oil also drop. When oil drop, cost of doing business for HUAAN is lower, should be able to offset the slow demand of its product if steel production is cut. This is ramadan month, surely construction will slow down, demand for steel will slow abit... there is a big construction going on in the Middle east.

HUAAN take over the listing of Antah, backdoor listing. HUAAN has a management team from China and they are located in China. This is a very important company in China. When they are listed here, the Mayor of the town where HUAAN is located also come to Malaysia. Thats why it is known as a Blue Chip counter.

This post has been edited by tsd: Sep 12 2008, 09:53 AM

The China people surely feel so bad looking at the price of counter rite? I also getting more interested with this counter but at the moment no more bullet liao . However i will put this counter under my radar. But really one question without answer is why they listed here instead of Hong Kong. seems nobody can answer that

The next 2-3 Q result will hold the key and reveal the real effect of the slowdown. Share price will react accordingly.

For big scale manufacturing company.
Demand goes slower generally will hurt manufacutring underlying profit quite significantly because there are certain fixed cost that are difficult to cut down which might not be able 100% offset by lower cost of material, ie capacity utilisation is an important factor for manufacturing company as there are certain fixed cost like depreciation, production overhead etc which cannot be easily being cut down to match the pace of demand slowdown.

There are probably hundreds of China based company listed in Hong Kong, if they are listed there, they might not even get noticed. They probably thought if they are here in KLSE, they can be "big brother" here... very few China based company are listed here they are easily noticed by investors. KLSE was #1 stock exchange in this region, they probably overlooked our current political problems. Foreigners dare not come in as long as this thing is not settled. I am very confident that this political problem will solve very soon.


Yep, there are lots of fixed overhead have to pay. I think they should able to cover as they have no debts, lots of cash which can bring income. Its very unlikely the demand will slow until they cant sell anything. I dont think steel industry is in such a bad condition.

This post has been edited by tsd: Sep 12 2008, 12:01 PM

This doesn't sound a right or good reason to list either.
They should already knew, in Malaysia, for the last few 5-7 years, IPO generally won't chalk up a good premium already.

I think you had never been in before in manufacturing sector. A 30% or more sales decline already can have significant impact on the a manufacturing company already.

Yes, goodside is the company has no debt, so don't need to bare any interest rate charges. As long as cashflow is healthy, company still in good shape.

Share price is about profitability of the company. Company share price will match the pace of increase or decrease of the company profitability. Company can still earn hundred of millions, but stock market won't like if the company profit is declining, that's why you see equities around the world are declining due to high potential slowdown in the world economy.
That's why steel stocks are having low PE around 3-5 across only, because market view previous good profit won't be repeating.

The 3rd Q and 4th Q result is around Nov and Feb respectivetly. These will roughly reveal the actual movement of the profit whether it is in the declining stage or otherwise.
Practically, the steel industry is slowing down now, might see a flat profit ahead, anyhow, it is wise to wait till the result announced before attempt buying in. I will wait for that before buying in more, since i'm holding some at 0.50+, no hurry to act at this moment. Personally, i think current price is cheap as it Net asset value per share is worth about 0.64sen, but again anything can happen.

I am monitoring this counter closely, few mins ago... 1800 seller queue at 0.405, suddenly 1500 is done, thats a RM60K transaction. Surely someone with big money are willing to do that in this kind of bearish market. Then I also notice, got small seller, selling 20 or 30 to 0.40 sen. There are some big buyer in this counter... they dont spend RM60K to buy 0.405 to make loss later.

This post has been edited by tsd: Sep 12 2008, 03:06 PM

A RM60K in the stock market is a relative small sum actually. Just a norm market transaction.
No offence.

Nobody can assure they will make money or not including big players.

Big or small never mind one. Big players are not guaranteed to make money as well, so does small retailers, even their investment amount is small doesn't mean their decision is not as good as that big players.

RM60K is consider big for most of us, how many of us are willing to put RM60K into a counter that is battered so badly in the recent days and in such a bearish market. Unless someone wants to play contra, but who will play contra in such a bearish market. Surely this is done by a bigger player with some intentions to make money in the near future.



This post has been edited by tsd: Sep 12 2008, 05:57 PM

never never underestimate small players too...RM60K is nothing la...60 millions then u can say it loud..no hard feeling, k?

Big player per transaction is talking about million ringgit AT least

this RM60K in one transaction is definately not from small player ( unless for contra purpose, in this case... very unlikely contra play cos market is too bearish ), it is from a big player. They dont buy million at one go, probably wont be that much seller... they are nibbling ( accumulating ) the shares now... buying in batches, RM60K is a sign they are in the market. Next monday lets see if they are still there... very soon they will be more aggressive to push up the shares.

This post has been edited by tsd: Sep 12 2008, 09:39 PM

Hi Hi, the listing of Sino Hua An in Msia is because of Antah's Group restructuring exercise previously?
During Antah's troubled times, they bought PIPO Group in China, which is the ones doing the Coke/Steel business.

Seems to be bottoming soon?

Yes, we knew Huaan is listed through backdoor listing of acquiring Antah.

The question is that why they choose KLSE or Antah for listing purposes. There are others way or other bourses they can list it as well which they can easily chalk up more premium compared to KLSE which we knew in the first place won't be good. Consider that its business operation is not in Malaysia either.

Seems like everyone who has Hua An's been dumping their shares like there's no tomorrow.

Any ideas when they'll do their secondary listing? It'll drop below 25 cents in a week if this goes on.

take a rest now..more to see after 2.30pm today

Seems undervalue... Just can't figure out why a net cash company end up in such position

Why, you bought a lot ? Dividend yield is at 8% now, though only 2.2 sen per share.

Net Asset per share is 71sen.

This post has been edited by SKY 1809: Oct 22 2008, 04:55 PM

Nope, only a bit. I thought it was 4.55 cents?

You dare to enter china related stock?

coking coal cannot be consume by human, no problem...

So long it is not food related.

Infrastructure and building industries only.
Accounts too good to be true ?

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Added on October 22, 2008, 4:05 pm4.55% ,but for 50sen share divide by 2.

This post has been edited by SKY 1809: Oct 22 2008, 04:05 PM

Besides the GDP also decreased....to 8% only. I more concern on the slowing down on China economy. The way china man do business really make me Every thing can be fake one....
Pau - paper box
Milk - melamine
Egg - fake one also
What else? financial report can also be fake one mar

This post has been edited by darkknight81: Oct 22 2008, 04:11 PM

Which means China has to jump start the economy.

Steel is still in demands. Government would not allow such ( STEEL ) industries to fall. Long term impact on local economy.

Steel Caters only to China, not exporting to US markets.

China 's problem is inflation. If oil drops, then better still.

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Added on October 22, 2008, 4:21 pmWho knows , maybe YTL Power is buying up power plants in China.




This post has been edited by SKY 1809: Oct 22 2008, 04:21 PM

Their auditor Deloitte leh... Not kucing kurau one... But again, AA also can went down, nothing is impossible. Just AA when down because of Enron (a company which was thousands time bigger than Hua An )

It Is a long term value buy. profit could drop by 50% .

Net cash working capital is 23 sen, where share price is 26sen.

Haha... that's why I buy... like placing a bet... a safer bet than Q and buy toto/4D/Big Sweep...

But 3Q result not out yet, don't know how is the impact from Beijing Olympic...

This post has been edited by htt: Oct 22 2008, 05:19 PM

Share prices could have factored in " not so good results" in coming Qs.

Must have the mean to average down if share price falls further ( worst case scenario ).

But not likely that this stock goes bust.

On the plus side, Huaan is committed to pay dividend of 10sen per share. that could translate to better share prices in the long term.

This post has been edited by SKY 1809: Oct 22 2008, 05:45 PM

<<Who knows , maybe YTL Power is buying up power plants in China.>>

Then i will sell off my holding Really fade up with china .
They can do any thing becos of money

This post has been edited by darkknight81: Oct 22 2008, 08:37 PM

In investments, you have to filter the goods from the bads.

You cannot say that you do not like the local politic , so do not invest in Malaysia.

It could be at your own loss ( of opportunity ).




This post has been edited by SKY 1809: Oct 22 2008, 08:49 PM

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.