The big boss plan to end the car business and venture into other business

Wa wdf haha

you are stupid if u think a good investment can be determine in few weeks.

u see how much geshen drop

yea another geshen in the making is more accurate. higher revenue but lower margin due to higher cost.

Drop below 2 for sure. 1.5-1.7

Fuh gg

not downtrend la. no growth, stagnant. everything will peak

Gg rm5

next quarter got impairment loss. now so fast up. fishy

long term holder no need scared one.

next quarter is guaranteed to be profit. just duno big or small only depends on the production and chairman honesty. this emil is bullshitting

need to see how this company hedge against currency risk first.

the profit already show that its shit u all still go support, asking for trouble

mathematically, the probability of winning following others are very low. common sense

some ppl just cant swallow the ego and admit the mistake. let him wait another cycle for 10 years

steel stock price never makes sense. too volatile and can be affected by so many factors. Its better to be safe then sorry

wew so cham

The md already said part of the revenues are transferred to the following quarter.

bad market sentiment la. Ppl will cut loss cyclical stock and high gearing company first

I dont know how to value steel because it doesnt make sense even if u applied 50% discount.

apparently is the hike on gas price that cause this. but i calculate shouldnt have big impact on the operation cost. + this company core business only distribute steel.

Maybe they look at the future outlook of steel industry

next time buy steel need careful

the drop is because no strong support. just keep drop the volume isnt that much

klse no.1 loser for steel stock rubbish

burn man burn

lucky i cut loss. this is the first time i cut loss for no good reason

pe so low lol

This is correct mentality when investing in stock. maximum u can lose is only 100%. The aim is to hit 1 10bagger then can already.


Posted by dompeilee > Nov 30, 2017 04:14 PM | Report Abuse

I myself bought Sino Hua-An starting @ 15c averaged down again & again & again until I had 515,000. At the worst point(2c) and with fear of bankruptcy pervading, my paper loss was $24.4k but I just shrugged my shoulders & said 'Write off write off lor'...Same with Hengyuan.

Fast fwd to today, I recouped all my capital in Sino Hua-An, earned $32k and now my 78,000 remaining shares are all free :) Also I sold my last shares in Hengyuan @ 10.82 lately.

IQGroup? Aiyo...I feel nothing la. :D

duno who else can eat 1000 lot by 1000 lot lol

shud be coldeye eating lor.

cold eye has 1000 lot only. i dont think he care honestly

cold eye is a long term investor. from his perspective this is still a 100+m market cap company, makes no sense to sell. if i have the capital like him i will buy.

but then again the problem is the management is not being honest

Posted by Anti_Barking_Dogs > Nov 30, 2017 03:27 PM | Report Abuse

RainT the core issue now is the highly questionable integrity of the management team. That's why people are punishing this company heavily by dumping their shares. What if mgmt lied again when they claim results will improve beginning FY2019? I agree with Edwardong53 that SC should investigate the mgmt.

is it a criminal offense

i think they dulan the management for not being honest la.

It means what the md said is align with the report

Inventories
5,816 (1 April - 30 June 2017)

8,524 (1 July - 30 September 2017)

@raint numbers dont lie. Recheck the cash flow and valuation. honestly, i think this company is under heavy restructuring. this kind of result is inevitable, i already foresee for few quarters but this result is lower than my expectation. i sincerely believe this company should be valued over 1billion but not now. like u said, u think this management words cant be trusted, then i think u shud follow your guts

item b which page u found

Good is good but need to be more consistent

Long term holder. Doesn’t matter

They need to sell the oil at good price which is what they are doing. Sell little at low price sell more at high price.

Good quarter revenue 22m only. Expect 100 m revenue next qtr

cut loss la bro

0.225 -1.67, 7.42 fold increment

this is a cyclical stock. trade with cautious. it has reach all time high

I don’t think I will ever buy steel stock anymore. Value trap

1st half 2017 i earn like mad, 2nd half lose like dog =.=

yea the thing is i cant sell also cause it makes no sense. something fishy is definitely going on

im officially trapped. no reason to sell for now