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Ferrochina
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guppy724
Member |
18-Apr-2008 16:20
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Suddenly spring back to live!!!!Large buy can be seen.What the near high it can go? |
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cheongwee
Elite |
11-Apr-2008 13:45
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I hope it can pass cost to customer, high steel px is here to stay. If it product are of demend that's good. But still commodities stock is the best bet currently. Looking to buy First resoucre and Marine relate stock, But got to be careful, still forsee storm up front. Always ready to unload fast. DYODD., |
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cyjjerry85
Elite |
11-Apr-2008 12:29
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it will be good to see it close at $1.47 and above...that will possibly indicated further upside...however the upside will be curbed by the 200MA resistance |
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marvellicious
Member |
11-Apr-2008 11:59
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currently at 1.33. i vested at 1.38 too... -__- I hope China's CPI figures to be released next week will show signs of easing inflation. This might push Ferrochina above 1.4 mark again.. |
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ericsim
Senior |
07-Apr-2008 13:09
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this burger seem to hv strong support at 1.35 (last wk) & at high 1.43. dun greedy, still can pick up some (1.38-1.40). vested at 1.38 this morning...trade at yr own risk...good luck to you & me |
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jimitan
Member |
06-Apr-2008 22:07
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This ctr is now hugging the upper line of bollinger band and band seems opening up slightly. William seems toppish and chaikin heading south. What other signal to look out for trend and price movement. I have sold mine too early at 1.34 and waiting to buy back. Miss the last boat when it drop to 1.27 range. Anybody care to comment. |
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zhuge_liang
Supreme |
28-Mar-2008 12:52
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Ferrochina rose yesterday on talks that it would be on a road show next month. Interests could also be spurred from the news of the merger of 2 of China's top steel companies - Laiwu and Jianan, in an effort to consolidate the industry. |
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s052728
Member |
25-Mar-2008 16:58
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tis share is forming a double bottom... macd is positive converging.. the buy signal is when the breakout above $1.6. the support is stong at ard 1.03. seem like quite ok... but to play safe... maybe wait for the buy signal. |
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jimitan
Member |
25-Mar-2008 16:53
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Any TA care to post a comment on this ctr. Seems like all ctr are recovering from their low but I'm weary as have seen so many fast start for the past few months. |
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Brendan982201
Member |
16-Mar-2008 23:10
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How is the TA showing? |
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MrBull
Member |
16-Mar-2008 16:36
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it may break below $1in coming week. |
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stevenkoh1981
Member |
12-Mar-2008 11:02
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this baby just started it new cycle trench. Up, but i still looking for its lowest price to go in 
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evercare
Member |
12-Mar-2008 10:05
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this baby ramps up >20% in the lastz 2 sessions, strong ctr to watch...
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zhuge_liang
Supreme |
11-Mar-2008 00:04
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FerroChina said on Mon it is open to investments by other firms, as the Chinese galvanised steel maker tries to guarantee feedstock supplies in a consolidating industry. Executive director Nelson Fong said FerroChina will consider long-term alliances or strategic investments by outside parties to secure steel coils, although said the owners will want to retain some control. "If there are any reasonable guys with decent proposals, we will discuss and take it to the next step," Fong told Reuters in an interview. Chinese steel companies have come under the limelight in recent weeks after Russia's Evraz Group -- partly owned by Roman Abramovich -- last month bought a 10% stake in Delong with an option to raise the stake to 51%. The move came two months after ArcelorMittal , the world's top steel company, agreed to buy a majority stake in Hong Kong-listed steelmaker China Oriental Group. Fong said he expects consolidation in China's steel industry to continue as the government shuts down small, inefficient steelmakers and encourages others to merge in an attempt to stem overcapacity and improve efficiency. FerroChina, whose main shareholder is a group of Taiwanese investors led by chief executive She Chun Tai, is keen on partnerships with firms that can provide a regular supply of the hot and cold rolled coils used to produce galvanised steel. Fong declined to give a profit forecast, but said the firm has been able to pass on higher costs to customers. It expects to maintain or improve its gross profit margin of around 500 million yuan per metric tonne, through its shift to higher value-added products and economies of scale, resulting from a planned capacity expansion. FerroChina currently charges around 7,000-7,200 yuan per tonne of galvanised steel, an increase of about 1,000 yuan since the start of the year, he said. Steel prices have in the same period risen by about 800 yuan a tonne, he said. Steelmakers worldwide are hiking prices to reflect stronger demand but higher raw material costs are eating into their profits. Fong said the firm's annual capacity is expected to grow to 2.6 million tonnes this year and 3.6 million tonnes in 2009, up from 1.65 million tonnes last year, in line with previous announcements by FerroChina. Besides expansion in China, Fong said FerroChina entered into a memorandum of understanding in December last year to buy a distributor with a small service centre in Vietnam. FerroChina, based in Changshu near Shanghai, intends to set up a galvanised steel production line in the Southeast Asian country with a capacity of 150,000 tonnes a year, he added. FerroChina last year took control of several of its associate companies to boost output of galvanised steel, which is coated with zinc to prevent rusting and used in buildings as well as home appliances such as refrigerators and television sets. According to Fong, the cost of zinc is likely to rise by 10-20% from current prices of about 20,000 yuan per metric tonne. Zinc accounts for 8-10% of FerroChina's costs. |
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jackjames
Elite |
08-Mar-2008 09:34
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jia lat, china , and HSI didn't even do a big correction yet, if that happens, all these even jia lat? aiyooo.. so fragile.. but, can buy liao la... walau, 0.88 somemore,at that time, STI 2450 liao. |
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ccktsp
Member |
07-Mar-2008 23:19
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Using head & shoulder pattern, does it mean resistence will be around $0.88? |
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DnApeh
Master |
07-Mar-2008 23:02
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Lows of 17 Aug and 1 Feb. Join them together to form neckline of potential head and shoulders pattern. |
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jimitan
Member |
07-Mar-2008 21:06
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Stuck at 1.28 bough earlier this week. How much more downside. any TA view here. How mouch more downside. Look like all chinese ctr heading below $1.00. Take YZJ and Midas for examople. Will this ctr follow suite? |
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knightrider
Elite |
03-Mar-2008 11:59
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cost of raw material is going up, such as iron ore and oil price !! so be careful . |
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Kensonic77
Veteran |
03-Mar-2008 11:30
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Invested. Let see how it goes... Do your own research before investing.... FerroChina Limited (BUY/S$1.41/Target: S$2.35) 4Q07: Below expectation. Expect firmer ASP and GP/mt for 2008. |
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