Bloomberg new released on 31 Aug 2016 :The good times in the world’s top steel producer may not last long. China’s biggest mills including Hesteel Co. Ltd. are warning that the improved conditions and rising prices in the first half that helped them to lift earnings may soon be about to give way. “Industry prospects are not optimistic,” Hesteel, the listed unit of China’s biggest mill by output, said late on Tuesday as it reported its best six months since 2011. While the market had gained some momentum in the half, helped by a factors including low inventories, the sector remains on a downward trend and demand didn’t rebound significantly, it said. The gloomy outlook casts doubt over whether the recovery in China’s steel market -- which benefited after Beijing boosted credit and infrastructure spending in the first half and moved to cut industry overcapacity -- can be sustained. Citigroup Inc. has said indicators signal sluggish growth in China for the rest of the year, and the China Iron & Steel Association warned earlier this month that there may be significant declines in demand and output.
hahaha, slow and steady and today is just 1st day consider as bullish! if Monday continue bullish, it may break 1.70 ! if move up as top 10 active stock, i cant imagine how much it will move up, this is the uptrend after a strong QR! after small correction and take profits, it is not impossible for cscstel to hit RM2 in middle term !
rather let Gan dispose everything.... without leaving behind a ticking time bomb... smooth sailing to above rm2... with this Gan here, they wan to goreng oso scare...
Any good reasons for CSC to climb so steeply? It seemed to me that Mr Gan has almost exhausted his holdings and now he is no longer a substantial shareholder of CSC.
if he is no longer a substantial shareholder, there should be a notice of cessation of substantial shareholder. i guess he should be watching at sideline now. anyhow its his money, even wanted to sell, he also wish to sell at high price. Noone with a sound mind would want to sell at low price when you can sell at higher price.
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....
pingdan
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Posted by pingdan > 2016-09-02 15:35 | Report Abuse
lai liao lai liao