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Ouhua Energy. A 1st tier LPG suppliers in china is expected to target a 20% increases rise in revenue for years ended Dec 2006, higher then in year 2005. Revenue jump 40% to 2.49 billion yuan (S$490.8 mil).
It production facilities is reachnig 85% and is considering to way to increases its production facilities for more storage tanks and proceesing facilities from 900,000 tons to 1.2 mil tons.
It also increasing it market share nd better profit margin by planing more focus to delivered LPG directly to end user.
More then 40,000 tons or 5% is also distributed oversea by 7 other oversea distributers, like in Vietnam an to South East Asia.
For this primarily plan expansion. Fund will be funded by recently rasied fund of net proceeds of S$30.5 mil from it IPO.
hi, awesome n lucky
be patient, "double bottom" aint formed yet as it surpassed the previous low on 13/12/2006.
Ouhua 0.42c cheongg.. liao leh. on thin trading....hope making Peace. not war.
..very disappointed with ouhua px.. unable to catch up with swiber or china energy.. vested since last year ;-(
Hope & wish what they say is true, their promises is 20 % in divideds.
when is the results??
actually i am worried about this ouhua.. it seems gd but last results arent impressive.. then price down again.. sigh.. me vested and also thinking whether to average down again...
results announcement coming soon, i m betting gd news.
Cannot cover the loses...cityspring only made $400, ouhua lose $2000 now.
No worry josephinelim. You earned a pile for CitySpring so use those winnings there to cover this current stock temporarily.
siow liao, buy at 0.59 ...now bleeding heavily..... must ave at .4 now
worse than a double bottom!
flee if you can!
personally, i think it is just the effect on CNY. it's an energy stock !
Just wondering ... is there some news that has a direct effect on this? Or is it just the CNY and everyone just want to get out of the trade ... just wondering ...
what is wrong with Ouhua? It closed all time low today at 0.405...
Many china-related stocks are heading south now... gosh...
I tink double bottom is a term used to describe price trend in a chart. Basically a term used by TA ppl ?
what is a "double bottom"? how to define this?
Hi awesome, hold your $$$ til conformed it form a "double bottom."
Seems to be on a downtrend
I personnally thinks its still bearish. If its breaking out, it may break out below 0.435 resuming its downward trend. The sell down volume made me think twice about the 0.435 holding as a support in a longer term. I'll stay sidelined and play safe with my money STILL in my pocket. Jus my 2 cts.
any idea when is the Q4 reporting?
bt_8Jan07.pdf