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Delong is going to disinvest " AOYU STEEL" . Anything else is coming into financial statement except impairment charge? Check out financial statement to see how much is CEO and exectives are getting. What investorssu got for this company is nothing. This is how all the s-chips are run.
Profit guidance announced on 27 April 2017 at SGX website.
Delong is expected to report a significant increase in net profit for 1Q2017 , compared to the corresponding period.
The increase in net profit is mainly due to a signficant increase in average selling prices of products sold amid tighter supplies following production cuts and increased infrastructure and construction activitiesin the PRC.
1Q2017 results will be announced on 4 May 2017.
What makes this company so cheap?
Price continue to slide since 2008 with no end and no dividend. Numbers on-paper remain as numbers specially for s-chips.
chenzehou ( Date: 29-Apr-2017 12:03) Posted:
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Cannot see so cheap company in STI, extremely undervalued! Any command??
Delong already issued profit warning for last quater result with out production cut. Can guess what will happen with production cut?
Quite a number of companies are required to reduce production to reduce pollution and excess capacity.
Just wait for next quarter results and see how the company is doing.
The company will normally issued profit guidance before the results are out.
So we can gauge how the company is doing before the actual results are out.
humayun ( Date: 17-Mar-2017 11:54) Posted:
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Delong needs to reduce production this year. That is an order from PRC government. So buy and wait for Delong demise.
Triggered circuit breaker lol. Good luck!
The volume now is better than previously. Previously most of the time only a few lots transacted. Now exceeds 100k is considered much better than previously.
Furthermore, now lesser shares due to the earlier 5 to 1 consolidation.
Hopefully the share price is sustainable.
destinykraze ( Date: 16-Mar-2017 11:21) Posted:
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no volume in between bids. sort of scary.
This counter has been manipulated before and SGX caught someone playing. As company also confirm there no new news or progress. In no time it should go down to 20 cents. See below summary of the result for 8 years. Real dirt.
| FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
| ??????? | Net Profit | Net Loss | Net Profit | Net Loss | Net Profit | Net Loss | Net Profit |
0 volume. 1 big shortist go in, confirm go back to 0.10. tiny support at 0.625. selling lot at 0.68 lol. no volume, so easy for them to " left and right hand" exchange.
Today up 16 cents , close at 68 cents.
today highest at 56 cents , but close at 52 cents.
Still a long way to $1.
Secret_Squirrel ( Date: 10-Mar-2017 23:57) Posted:
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Even if it hit $1.00 is no big deal , because 5 consolidate to 1. The old price is 20 cents if the current price is $1.00.
Still a lot of people bleeding.
buysellbuysell ( Date: 08-Mar-2017 19:49) Posted:
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Volume generated by those BB own buy own up own song.
and then the newbies gong gong just buy coz got " volume"
destinykraze ( Date: 08-Mar-2017 19:39) Posted:
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no volume. how to play.
Goodbuy counter or Goodbye counter at $0.42?
😁 😁 😁 😁 😁 😁 😁 😁 😁 😁 😁 😁 😁 😁 😁 😁 😁
With this post. A lot of them will up lorry tomorrow. All buy ah. Lol
Today up 8 cents for no reason.
Pump and dump?
Full year results just out.