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.

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.

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,

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.

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.

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 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.

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

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 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.

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. 

Big player per transaction is talking about million ringgit AT least