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

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.

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.

HUAANN is a blue chip? News to me.

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.