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Tomorrow, I 'll fix my decision.
think2profit ( Date: 14-Jan-2013 22:42) Posted:
Added some today. Shanghai Stock Exchange is in bull now and all the s-chips should run.
Hulumas ( Date: 14-Jan-2013 14:45) Posted:
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Buy? Hold? Sell? Which one is the most appropriate action?
think2profit ( Date: 20-Jan-2013 10:34) Posted:
As expected, steel price going up due to increased steel infrastructure projects in China and price of iron ore coming down due to supply increase by large miners. Sapphire will have a great run in 2013..!
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China Steel Corp (CSC, 中 鋼 ), the nation’s only integrated steelmaker, announced yesterday that it would raise prices of domestic products for March by an average of 3.08 percent.
The 3.08 percent price increase — greater than the 0.39 percent price increase announced last month for this month’s and next month’s contracts — marks the highest price increase by the company in more than a year. |
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Yes, It is on my radar now! Expected short term target of Sgd. 0.148 will not be excessive I think.
peripheral ( Date: 11-Jan-2013 22:10) Posted:
| Sapphire is up today during last hour. More potential for upside on monday? |
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Hi think2profit,
Where do you get the info where steel price had increased recently. The chart in
http://www.steelhome.cn/english/shpi/index.php does not says so.
Iron ore had dropped as it had rise too fast and steel price should follow iron ore price increase but it seems it is not at this time.
If steel price increase, how is 1% increase in steel price translate to profit for sapphire? If bottom line can be improved by acquiring 2 companies, why the seller wants to sell in first place? Hope you enlighten me.
As expected, steel price going up due to increased steel infrastructure projects in China and price of iron ore coming down due to supply increase by large miners. Sapphire will have a great run in 2013..!
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China Steel Corp (CSC, 中 鋼 ), the nation’s only integrated steelmaker, announced yesterday that it would raise prices of domestic products for March by an average of 3.08 percent.
The 3.08 percent price increase — greater than the 0.39 percent price increase announced last month for this month’s and next month’s contracts — marks the highest price increase by the company in more than a year.
Hope it run!! I only hold 2 s-chip.
Sapphire and cm pacific!
Added some today. Shanghai Stock Exchange is in bull now and all the s-chips should run.
Hulumas ( Date: 14-Jan-2013 14:45) Posted:
Yes, I think so too.
think2profit ( Date: 14-Jan-2013 10:38) Posted:
TA is strong and once it cross 13.5cts, next tgt shall be 17.5cts, to be sustained by price increase in steel moving forward since China is embarking on building 30million houses... |
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Yes, I think so too.
think2profit ( Date: 14-Jan-2013 10:38) Posted:
TA is strong and once it cross 13.5cts, next tgt shall be 17.5cts, to be sustained by price increase in steel moving forward since China is embarking on building 30million houses... |
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Shd go back above 13.5cts by end today, ready for next move toward 17.5cts.
think2profit ( Date: 14-Jan-2013 10:38) Posted:
TA is strong and once it cross 13.5cts, next tgt shall be 17.5cts, to be sustained by price increase in steel moving forward since China is embarking on building 30million houses... |
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TA is strong and once it cross 13.5cts, next tgt shall be 17.5cts, to be sustained by price increase in steel moving forward since China is embarking on building 30million houses...
Vrooommm....
Does not need too high volume to move up since total share is only about 800million if im not wrong..
peripheral ( Date: 13-Jan-2013 10:54) Posted:
But the volume also not very high leh, considering it's a penny.
jack31 ( Date: 13-Jan-2013 00:26) Posted:
| Good point.. Hope fund will be diverted here.. This counter lag behind too much during this period of penny surge. |
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But the volume also not very high leh, considering it's a penny.jack31 ( Date: 13-Jan-2013 00:26) Posted:
Good point.. Hope fund will be diverted here.. This counter lag behind too much during this period of penny surge..
iwonder ( Date: 12-Jan-2013 13:34) Posted:
If everyone thinks that it will go up...there is only one way...UP !
It is a self fulfilling prophecy ! If you pray, then it will rocket to the sky !!
Additional property cooling measures is good for stock market, except for property counters.
Most of the money will be diverted from property investment to stock market looking for laggards
with potential and international exposure.
Well, Sapphire seems to be the potential candidate   |
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From below, Longwei Metal is loss making, can sapphire make it after acquire it? Why can Sapphire do so?
The 2 acquisitions can go either way. Seem not so rosy for Sapphire......
LONGWEI METAL
Acquisition of Longwei Metal Product Co. for RMB152 million at its revalued net asset value.
Sapphire said with vendor support, the interest cost is only 3% (about half of the China banks' rates).
The acquisition will enable Sapphire to immediately offer up to 200,000 tonnes a year of cold rolled coil steel production.
The business is located in Chengdu, a distribution hub and gateway for major industries in the southwest region.
The business was loss-making last year but Sapphire aims to restructure it and, ultimately, to upgrade Longwei's auxillary assets to produce silicon steel.
Am trying to know more.....
Quote from iwonder:
Sapphire which is an integrated steel production business, right from iron ore to steel with vanadium
Can I know what ion ore business Sapphire has?
Reading this thread, seems all just say sapphire will move up without any reasons.....I am interested in sapphire but I don't see any catalyst at this moment......
I believe sapphire buy china vtm at a very high price.....what happen now when china vtm is going to delist at a offer price of HK$1.93
Can anyone please enlgihten?
iwonder ( Date: 09-Jan-2013 12:28) Posted:
HG Metal has already start moving.
Sapphire which is an integrated steel production business, right from iron ore to steel with vanadium
should be moving soon. Recent 100% aquisition of Longwei Metal product and production line augurs well for this company.
think2profit ( Date: 07-Jan-2013 20:42) Posted:
Largest steel maker in China, Baosteel has increased the steel price. Others are expected to follow the dragon head. Should see funds get back to here. |
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I would be more than happy if it can hit 20c. :)
Hulumas ( Date: 11-Jan-2013 19:56) Posted:
There you are, there you are, I said short term uptrend to Sgd. 0.38 will not be excessive, will it?
jack31 ( Date: 11-Jan-2013 18:23) Posted:
| Hopefully monday will cheong.. Last 30min from 0.123 buy up till 0.136.. Pray for the best. |
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Good point.. Hope fund will be diverted here.. This counter lag behind too much during this period of penny surge..
iwonder ( Date: 12-Jan-2013 13:34) Posted:
If everyone thinks that it will go up...there is only one way...UP !
It is a self fulfilling prophecy ! If you pray, then it will rocket to the sky !!
Additional property cooling measures is good for stock market, except for property counters.
Most of the money will be diverted from property investment to stock market looking for laggards
with potential and international exposure.
Well, Sapphire seems to be the potential candidate
jack31 ( Date: 11-Jan-2013 22:28) Posted:
Shd go up this monday..
Vested at 0.128.
Pray pray.. Ah mi to fo. |
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Yes, it goes without saying!
peripheral ( Date: 11-Jan-2013 22:10) Posted:
| Sapphire is up today during last hour. More potential for upside on monday? |
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If everyone thinks that it will go up...there is only one way...UP !
It is a self fulfilling prophecy ! If you pray, then it will rocket to the sky !!
Additional property cooling measures is good for stock market, except for property counters.
Most of the money will be diverted from property investment to stock market looking for laggards
with potential and international exposure.
Well, Sapphire seems to be the potential candidate
jack31 ( Date: 11-Jan-2013 22:28) Posted:
Shd go up this monday..
Vested at 0.128.
Pray pray.. Ah mi to fo..
peripheral ( Date: 11-Jan-2013 22:10) Posted:
| Sapphire is up today during last hour. More potential for upside on monday? |
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