According to the amended annual report 2015, power generating subsidiary in China has yet to commence operation even though it has tested and approved by China authority. When can this generating power commenced business? Very strange that it takes so long to commenced business!
Review based on the current quarterly result:- 1) Cash flow issue yet to resolve 2) China's investment has been incurred material forex losses 3) Profits mainly come from one-off gain which is disposal of non-controlling interest 4) Foresee another round of disposal of property, in order to repay the borrowing. 5) Borrowing USD 146mil, gauge the risk yourselves.
Any good news from Dolomite? Why sudden active and positive jump? Power generating plant in Shangdon, China bearing fruit is coming quarter? Time will tell
Gd to understand the forex accounting and implications. Their forex position already at the peak in Dec & reflected in the last FY. Accordingly the foreign assets already impaired and exposure in forex already reflected in the BS. So wat it means? There will not be any forex losses since USD has dropped from its high. Effectively there will be substantial forex gains from now which info are not released yet. Wont be surprise it would hit the next level with speed in days before further announcement on other news. Just watch. Is your call... happy trading
Next week will break the target candle trek. Is the early sign it can reach next candle smoothly. If announced it will rocket to new levels on 19 aug. Catch it before beyond reach. Candle is pointing a new level with momentum. Will share further.
With vol supporting the momentum the candle is pointing to the northern zone. Upon breaking the 40 level the next target at 45 will soon be tested tis week. Happy trading
2 weeks chart is running strong. 6 mths moving ave in direction coincide with candle stick pointing to north power by higher vol built up. Fundamental wise with stable forex n political stability. Consistent with last week analysis if it breaks level 45. If break shld test 50 the price level as in Feb/ March. With improving forex fundamental supported with vol its momemtum is powered to possible close the Feb gap in v short interval. Happy trading.
Tis week analysis. Chart retreated well quick to last support level with low vol as predicted . The weekly candle is now set to rekindle in its new direction. Right time and opportunity to grab at cheap. See u at 40 again...Happy trading
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....
mamal
64 posts
Posted by mamal > 2016-05-18 16:15 | Report Abuse
sideway counter, hurmmm