@JConnor, 3rd quarter projection is too high. Silicon Metal price only start to move. Q4 will do well. I think Q3 can hit 20mil plus consider very good.
U also forget that they might have long term contracts that the price already lock in. Might need to wait for contract expire only can see the good profit.
If they can hit 250mil in Q4, then consider very good. A company like this will be easily lock in 50% for long term that they can’t change the selling price.
@Ahahah. True what you said regarding the contracts. May not be reflected immediately. Was basing on 20000 yuan/tonne and full production capacity. Guess we will have to wait till the results are out. Q4 should be good!
Think you may be right on this. Read some other companies have a blend of these contracts and index based prices.
Ahahah If they can hit 250mil in Q4, then consider very good. A company like this will be easily lock in 50% for long term that they can’t change the selling price.
In the agm, management said that there were some forward contracts but nothing material. Nevertheless the full financial benefits will truly be reflected in Fy 22. We are talking of multi bagger jumps in earnings.
Told u b4 their pattern.....next week will reach 17++then will drop a bit n maintain around 15-16++ for few days...due to overbought....need to set radar.....
Hahaha.....who missed the boat will alws used to curse lo.....when it close around above 15.70,then u can see it reach 17+++.....if don't hv other issues like politics,economy n bla bla...
If company fundamental is strong,no need to worry it will drop...most of them compare with last year glove shares.....gloves shares dropped due to oversupply becos a few new companies started to venture in the glove industries...tis industry different lo...I don't know y ppl don't want to do homework before investing...
Today if have correction is normal ! Profit taking always on friday. U can see the stock keeps maintaining at RM15. Dont panic like brainless . U hold u will happy by next week. U sell now u will cry by next week . That’s simple
A good stock would not fly whole week . It must be 3 days up 2 days retrace abit ! That shows a positive sign of having another uptrend wave. As long as this counter stands firm the TP easily to reach
@hamsterhuat u got the point ! U dont later 18.88 lari sendiri . Hold tight till banker leaves this counter . This counter’s banker rate still 100% from TA
good closing for the week above RM 15, all time high...trend very bullish. Fundamental : explosive earnings in next few quarter due to silicon shortage.
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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....
LRWoo99
416 posts
Posted by LRWoo99 > 2021-10-08 12:43 | Report Abuse
Aaron tan u are acting urself as a kid at here