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today close at $2.12, up17.5cents
today highest at $2.23.
Time to Short?
today highest at $2.23.
Time to Short?
Tommy12356 ( Date: 04-Oct-2017 22:39) Posted:
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its time to short = Price today is 1.95
Secret_Squirrel ( Date: 04-Oct-2017 19:47) Posted:
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Today up 14.5 cents.
3rd quarter results most likely to be out in Nov 2017.
Hopefully it will not lose steam by then.
3rd quarter results most likely to be out in Nov 2017.
Hopefully it will not lose steam by then.
Dragon is waking up again.
to celebrate the mid autumn lantern festival.
Hopefully can sustain the momentum.
to celebrate the mid autumn lantern festival.Hopefully can sustain the momentum.
Secret_Squirrel ( Date: 16-Sep-2017 11:35) Posted:
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https://www.bloomberg.com/news/articles/2017-09-14/china-s-steel-mills-run-at-full-tilt-as-output-reaches-new-peak
2nd quarter results just out at SGX website.
2nd quarter 2017 Net Profit :RMB 380,847,000 ,an increase of 33.5% compared to 2016 2nd quarter.
Secret_Squirrel ( Date: 04-Aug-2017 21:14) Posted:
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on 2 Aug 2017 they announced that 2nd quarter result will be out on 8 August 2017.
However this time no profit guidance announced.
However this time no profit guidance announced.
humayun ( Date: 24-Jul-2017 00:08) Posted:
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Has Yinchuan mayor visit to Delong got any link with Delong buying the rotten mil?
Kelvesy ( Date: 21-Jul-2017 08:33) Posted:
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Yinchuan mayor visited Delong
http://www.dlholdings.com/newsinfo.aspx?NewsId=1430& CateId=11
http://www.dlholdings.com/newsinfo.aspx?NewsId=1430& CateId=11
Any update on the rotten mill that Delong suppose to buy?
http://infopub.sgx.com/FileOpen/MOU%20.ashx?App=Announcement& FileID=452930
" Delong Steel shall complete the Target Company Due Diligence before 31 May 2017"
http://infopub.sgx.com/FileOpen/MOU%20.ashx?App=Announcement& FileID=452930
" Delong Steel shall complete the Target Company Due Diligence before 31 May 2017"
http://www.chinadaily.com.cn/business/2017-07/15/content_30122831.htm
https://www.ft.com/content/611868c0-6898-11e7-8526-7b38dcaef614
China' s ferrous metal industry is set to post a strong performance in the first half of the year on the back of government measures to cut overcapacity and optimize the industry' s structure, experts said.
" With the reduction of excess capacity, there is a tight supply of iron and steel, leading to high prices, especially wires and rebars," said Wang Guoqing, research director at the Lange Steel Information Research Center in Beijing.
The government' s thrust on supply-side reforms has produced positives, Wang said.
Around 20 listed firms in the iron and steel sector have forecast their earnings for the January-June period.
HBIS Co Ltd said its first-half profit will likely be between 1.15 billion yuan ($148 million) and 1.27 billion yuan, up 181-210 percent year-on-year.
If its forecast holds, that would be the third highest growth rate in the 20 years since the company listed on the A-share market.
https://www.ft.com/content/611868c0-6898-11e7-8526-7b38dcaef614
China' s ferrous metal industry is set to post a strong performance in the first half of the year on the back of government measures to cut overcapacity and optimize the industry' s structure, experts said.
" With the reduction of excess capacity, there is a tight supply of iron and steel, leading to high prices, especially wires and rebars," said Wang Guoqing, research director at the Lange Steel Information Research Center in Beijing.
The government' s thrust on supply-side reforms has produced positives, Wang said.
Around 20 listed firms in the iron and steel sector have forecast their earnings for the January-June period.
HBIS Co Ltd said its first-half profit will likely be between 1.15 billion yuan ($148 million) and 1.27 billion yuan, up 181-210 percent year-on-year.
If its forecast holds, that would be the third highest growth rate in the 20 years since the company listed on the A-share market.
http://www.sunsirs.com/uk/prodetail-195.html
Steel prices have recovered.
Steel prices have recovered.
Jakarta Post picked up the recent JV details: http://www.thejakartapost.com/news/2017/06/18/chinas-delong-to-build-950m-steel-factory-in-morowali.html
Chairman (Ding Liguo) was recently involved in a National Committee meeting: http://www.mcc.com.cn/mcc/_132154/ywjj/471487/index.
In Morowali, Indonesia-China Industry Agrees on $1.63 Bln Investment: http://www.en.netralnews.com/news/business/read/7211/in.morowali..indonesia.china.industry.agrees.on..163.bln.investment
http://www.shangbaoindonesia.com/indonesia-finance/%E4%B8%AD%E5%9B%BD%E6%8A%95%E8%B5%84%E8%80%85%E9%9D%92%E5%B1%B1%E9%9B%86%E5%9B%A2%E5%92%8C%E5%BE%B7%E9%9A%86%E9%9B%86%E5%9B%A2%E5%87%BA%E8%B5%8421%E5%85%86%E7%9B%BE%E5%9C%A8%E4%B8%AD%E8%8B%8F%E5%B7%A5.html
Chairman (Ding Liguo) was recently involved in a National Committee meeting: http://www.mcc.com.cn/mcc/_132154/ywjj/471487/index.
In Morowali, Indonesia-China Industry Agrees on $1.63 Bln Investment: http://www.en.netralnews.com/news/business/read/7211/in.morowali..indonesia.china.industry.agrees.on..163.bln.investment
http://www.shangbaoindonesia.com/indonesia-finance/%E4%B8%AD%E5%9B%BD%E6%8A%95%E8%B5%84%E8%80%85%E9%9D%92%E5%B1%B1%E9%9B%86%E5%9B%A2%E5%92%8C%E5%BE%B7%E9%9A%86%E9%9B%86%E5%9B%A2%E5%87%BA%E8%B5%8421%E5%85%86%E7%9B%BE%E5%9C%A8%E4%B8%AD%E8%8B%8F%E5%B7%A5.html
Wow, I am surprised by the size of this JV.
http://infopub.sgx.com/FileOpen/JV%20agreement.ashx?App=Announcement& FileID=457421
http://infopub.sgx.com/FileOpen/JV%20agreement.ashx?App=Announcement& FileID=457421
Unusual Activity Spotted in Delong Holdings Ltd (BQO.SI)
https://www.concordregister.com/unusual-activity-spotted-in-delong-holdings-ltd-bqo-si/Shares of Delong Holdings Ltd (BQO.SI) have seen the needle move 3.90% or 0.06 in the most recent session. The SES listed company saw a recent bid of $1.600 on 119700 volume.
Often times, the stock market will be affected by political, social, or economic events. The result may be end up to be positive or negative. It is wise to remember that market fluctuations can happen at any time for many various reasons. Sometimes it may not be evident of why the market moved until long after the scene has played out. Making investment decisions in a turbulent climate may be extremely tricky. At some point, investors may find themselves on the wrong end of a trade. Staying vigilant in the markets may help investors bounce back after a temporary defeat. Investors who stay the course and stay with an investment plan may be able to better handle the ups and downs of daily market movements. Repeatedly trying to find the tops or bottoms is not an easy task. Even the most seasoned investors may not be able to successfully time the market.
Deep diving into the technical levels for Delong Holdings Ltd (BQO.SI), we note that the equity currently has a 14-day Commodity Channel Index (CCI) of 86.05. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.
Delong Holdings Ltd&rsquo s Williams Percent Range or 14 day Williams %R currently sits at -1.64. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.
Currently, the 14-day ADX for Delong Holdings Ltd (BQO.SI) is sitting at 18.29. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.
The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, the 14-day RSIfor Delong Holdings Ltd (BQO.SI) is currently at 61.52, the 7-day stands at 65.93, and the 3-day is sitting at 91.00.
http://www.ejinsight.com/20170606-china-s-tangshan-starts-new-campaign-to-implement-steel-cuts/
Tangshan, a center of steel production in northeastern China&rsquo s Hebei province, has launched a fresh crackdown on mills that illegally restart production or violate industry overcapacity rules, Reuters reports, citing a notice published by the China Iron and Steel Association.
The industrial city produced 88.3 million tons of steel in 2016, up 6.8 percent on the year and more than that of the entire United States, putting it on the front line of the central government&rsquo s efforts to curb overcapacity in the sector. This is good as the legitimate steel mills will profit from reducing supply and increasing prices.
Tangshan, a center of steel production in northeastern China&rsquo s Hebei province, has launched a fresh crackdown on mills that illegally restart production or violate industry overcapacity rules, Reuters reports, citing a notice published by the China Iron and Steel Association.
The industrial city produced 88.3 million tons of steel in 2016, up 6.8 percent on the year and more than that of the entire United States, putting it on the front line of the central government&rsquo s efforts to curb overcapacity in the sector. This is good as the legitimate steel mills will profit from reducing supply and increasing prices.
Lets look a bit deeper back into Delong. Delong did give out dividend. Source https://www.dividends.sg/view/B1N. Exceptional !@!#$
2007 --> 147.69%
2008 --> 63.65%
2009 to 2017 --> 0
Whats so exceptional about 2007/2008? Exceptional environment friendly management team that only performed these two years? Or were looking for potential buyers so that can ask for exceptional price?
2007 --> 147.69%
2008 --> 63.65%
2009 to 2017 --> 0
Whats so exceptional about 2007/2008? Exceptional environment friendly management team that only performed these two years? Or were looking for potential buyers so that can ask for exceptional price?
德 龙 控 股 丁 立 国 ： 把 环 保 做 到 极 致 &ldquo 贿 赂 &rdquo 政 府 : http://finance.sina.com.cn/meeting/2017-06-05/doc-ifyfuzny3268596.shtml
Great that Mr Ding Liguo is focusing on environmental aspects.
Great that Mr Ding Liguo is focusing on environmental aspects.
Presently operates three steel mills with a combined annual steel production capacity of 3.6 million tonnes. The annual manufacturing production capacity of Aoyu Steel is 1,200,000 tonnes per annum. So there is a remaining of 2.4 million tonnes left. That' s around 33.3% cut off.
Their LTM gross profit is 353.1mil SGD and LTM SGA expenses were around 69.1mil. Do note that they are selling Aoyu steel for a profit, not a loss.
Even if you reduce the gross profit by 33.3%, I feel that the company has sufficient buffer to pay Ding Liguo AND the key management personnel.
Ding Liguo is paid on 100% salary, not the most ideal. However, his range was S$900k to S$999k. The rest of key management personnel are Lan Jihong, Yeo Lee Luang, Wu Yujie and Sun Jian Xun. The aggregate remuneration paid to these four is S$874,086. Humayun, please substantiate your post as you are losing credibility with your words.
The hard-to-believe steel shortage that&rsquo s unfolding in China - http://www.livemint.com/Industry/prgEkjCqZgvm96SYTlE27I/The-hardtobelieve-steel-shortage-thats-unfolding-in-China.html (while Delong is mainly in HRC, I find this news noteworthy.....)
Latest HRC prices: http://www.sunsirs.com/uk/prodetail-195.html
Their LTM gross profit is 353.1mil SGD and LTM SGA expenses were around 69.1mil. Do note that they are selling Aoyu steel for a profit, not a loss.
Even if you reduce the gross profit by 33.3%, I feel that the company has sufficient buffer to pay Ding Liguo AND the key management personnel.
Ding Liguo is paid on 100% salary, not the most ideal. However, his range was S$900k to S$999k. The rest of key management personnel are Lan Jihong, Yeo Lee Luang, Wu Yujie and Sun Jian Xun. The aggregate remuneration paid to these four is S$874,086. Humayun, please substantiate your post as you are losing credibility with your words.
The hard-to-believe steel shortage that&rsquo s unfolding in China - http://www.livemint.com/Industry/prgEkjCqZgvm96SYTlE27I/The-hardtobelieve-steel-shortage-thats-unfolding-in-China.html (while Delong is mainly in HRC, I find this news noteworthy.....)
Latest HRC prices: http://www.sunsirs.com/uk/prodetail-195.html
humayun ( Date: 05-Jun-2017 23:37) Posted:
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As of now Delong will not have much functioning business after " Aoyu Steel" discontinuation. Whatever business it will left with, maybe just good enough to pay executive salary year on year. Check out 2016 financial report to find executive salary.