@Jenny. Excellent sharing. The most worrying TA issue for me was the huge volume at the range of 1.6 to 2. The analyst has pointed out the chips distribution at that price range is rather insignificant. I guess most of the ppl who caught falling knife at that range have cutloss. The journey up should be fairly easy.
OM Holdings Ltd (OMH) said the recent unprecedented increase in international prices for ferrosilicon (FeSi) was due in part to government policies in China in relation to the ongoing power shortage there.
It said the power rationing being imposed on energy-intensive industries there has limited ferroalloy production and caused Chinese ferroalloy futures to surge to historical highs.
Om Sarawak makes only RM120m in 1H2021 based on Low alloy prices averaging US$1,350/ton for the period. It has since ballooned to US$4,125/ton and going higher.
3Q results will give a hint of what is to come in 2022, as alloy prices in 3Q2021 is moved higher to US$2,000/ton but still not reflecting the current high.
OM Holding's Smelting segment has reported PBT A$40.5 million for the period 6 months to 30 June 2021. The average transacted price of Fesi for 1H 2021 recorded an increased of approximately 11% or AS$ 1,780 ( US$ 1,342) whereas current price of Fesi 4k per tonne.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
AnsonLiew
2,251 posts
Posted by AnsonLiew > 2021-10-19 11:47 | Report Abuse
i can see operator purposely pull up to release their stake
good luck
better study transmile case b4 buy cmsb
same case worth to study
dont listen to treasurehunt