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Since the start of trading, Ouhua has been on a downward trend. For the past 3 days it close at $0.435. Seem to be forming a support at $0.435. I have vested at $0.46 and at $0.44. I am keen to go in another time at $0.435 to average down.
My question is (before I go in for the 3rd time), do any of you have any views on this stock? I am a little worried as to how low will it or can it go.
All comments are appreciated ... thanks :).
Profit taking after a strong yesterday surge. Price action seems lost between 0.445 and 0.48.
Left hand selling to right hand is a RED card man. ;)
Time Last Volume Bid/Ask
0.480 447,000 X
0.480 5,000 B
0.480 20,000 B
0.480 40,000 B
0.485 15,000 A
0.480 20,000 B
0.485 1,000 A
0.480 110,000 B
0.485 1,000 A
0.480 208,000 A
0.480 100,000 A
0.480 50,000 A
0.480 100,000 A
0.480 50,000 A
0.480 1,000 A
0.480 250,000 A
0.475 43,000 A
0.475 30,000 A
0.475 10,000 A
0.475 50,000 A
0.475 12,000 A
0.475 25,000 A
0.475 4 0,000 A
0.475 20,000 A
0.475 79,000 A
0.475 30,000 A
0.475 85,000 A
0.475 20,000 A
0.475 200,000 A
0.470 231,000 A
0.465 5,000 A
0.465 39,000 A
0.465 200,000 A
0.460 26,000 A
0.460 500,000 A
Bot up 5 mins B4 5, isit BBs know some thing we don know !!, isit Energy play ?
Traded Summary, just FYI only
Last
Trades
Volume
Bid Volume
Mid
Ask Volume
0.450
27
1,580,000
525,000
0
1,055,000
0.455
43
1,695,000
1,069,000
0
626,000
0.460
4
570,000
0
0
570,000
0.465
3
244,000
5,000
0
239,000
0.470
1
231,000
0
0
231,000
0.475
13
644,000
0
0
644,000
0.480
13
1,401,000
195,000
447,000
759,000
0.485
3
17,000
0
0
17,000
| Last | Trades | Volume | Bid Volume | Mid | Ask Volume |
| 0.450 | 27 | 1,580,000 | 525,000 | 0 | 1,055,000 |
| 0.455 | 43 | 1,695,000 | 1,069,000 | 0 | 626,000 |
| 0.460 | 4 | 570,000 | 0 | 0 | 570,000 |
| 0.465 | 3 | 244,000 | 5,000 | 0 | 239,000 |
| 0.470 | 1 | 231,000 | 0 | 0 | 231,000 |
| 0.475 | 13 | 644,000 | 0 | 0 | 644,000 |
| 0.480 | 13 | 1,401,000 | 195,000 | 447,000 | 759,000 |
| 0.485 | 3 | 17,000 | 0 | 0 | 17,000 |
|
Published January 8, 2007. http://business-times.asiaone.com/sub/companies/story/0,4574,220470,00.html?  | |
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Ouhua Energy expects 20% rise in revenue. China LPG supplier keen on making acquisitions, joint ventures. Ouhua chief financial officer Denis Mao told XFN-Asia.
Interested read on......J |
Ouhua Energy expects 20% rise in revenue
China LPG supplier keen on making acquisitions, joint ventures
OUHUA Energy Holdings, a supplier of liquefied petroleum gas in China, says it expects its revenue for the year ended December 2006 to be 20 per cent higher than the previous year because of strong demand.
Improving delivery: Ouhua plans to buy its own fleet of delivery trucks and vessels
'Barring any unforeseen circumstances, we expect (our) fourth quarter performance to be better than that of (the) third quarter. As such, we are inclined to believe that our revenue this year (2006) will likely be approximately 20 per cent better than that in 2005,' Ouhua chief financial officer Denis Mao told XFN-Asia.
Ouhua's revenue jumped by 40 per cent to 2.49 billion yuan (S$490.8 million) in 2005 from 1.77 billion yuan in 2004.
'We hope to maintain a double-digit compounded annual growth rate in revenue going forward,' Mr Mao said. He said higher operating costs in the third quarter arising from higher freight rates were unlikely to recur in the fourth quarter, because the increase in distribution costs is being passed on to customers.
Ouhua is keen on making acquisitions and establishing joint ventures this year. 'We are finding opportunities to make acquisitions and (establish) joint ventures in China and the South-east (Asian) region to achieve continuous rapid growth,' Mr Mao said.
With the average utilisation rate of its production facilities reaching 85 per cent, Ouhua is considering ways to expand its facilities, by acquiring more storage tanks and processing facilities, if needed. 'By the end of next year (2007), our annual production capacity is expected to increase to 1.2 million tons from the current 900,000 tons,' he said.
Ouhua plans to buy its own fleet of delivery trucks and vessels instead of chartering them, in order to alleviate occasional bottlenecks in deliveries.
To increase its market share, Ouhua plans to set up more sales offices in China. The company plans to start supplying its LPG directly to end-users instead of through distributors, to improve profit margins.
Ouhua's net profit margin for the first nine months of last year was 2.68 per cent, lower than the margin of 3.19 per cent seen in 2005, as operating and administrative costs increased.
But Mr Mao said the group was confident of improving its margins over the next two years because it would enjoy exemptions from tax and increasing economies of scale as its sales volume grew.
Funding for expansion will come primarily from the net proceeds of S$30.5 million that Ouhua raised from its initial public offering here in October.
Ouhua is also looking at more opportunities outside China, Mr Mao said.
'We are watching the overseas market closely. With the enhancement of our distribution facilities, we expect to achieve rapid growth in the overseas market,' he added.
In the 11 months to November, Ouhua delivered more than 40,000 tons of LPG to customers outside China through seven distributors, which accounted for 5 per cent of its revenue. This percentage is expected to rise because of demand in countries such as Vietnam, Singapore and Hong Kong, Mr Mao said.
He added that Ouhua was especially interested to expanding its presence in Vietnam. - XFN-Asia
Ouhua Energy last half hour, closed of at $0.495, +0.015c
Time Last Volume Bid/Ask
0.495 346,000 A (botUp)
0.494 311,000 (X) Married deal
0.490 45,000 B (bot up)
0.490 250,000 A (bot up)
0.490 103,000 B (bot up)
Traded Summary
|
Last
|
Trades
|
Volume
|
Bid Volume
|
Mid
|
Ask Volume
|
|
0.480
|
24
|
1,255,000
|
86,000
|
0
|
1,169,000
|
|
0.485
|
18
|
801,000
|
43,000
|
0
|
758,000
|
|
0.490
|
135
|
4,909,000
|
850,000
|
0
|
4,059,000
|
|
0.494
|
1
|
311,000
|
0
|
311,000
|
0
|
|
0.495
|
5
|
363,000
|
0
|
0
|
363,000
|
|
TOTAL
|
183
|
7,639,000
|
979,000
|
311,000
|
6,349,000
|
Dated Jan 3., 2007
Ouhua Energy Pose for a rebound, to $0.53 and $0.575
OCBC Investment Research did analyst report Ouhua Energy
Rating: No rating, Target price: NA
- Ouhua bounded of it low of $0.425 in mid Dec. 2006
- Elliot wave count indicates Ouhua has ended a 3-waves correction and has commenced an uptrend wave.
- Short-term stochastic indictor signals OUHUA is within overbought regionl, expect a mild pull back, !st resistance at $0.53, next resistance set at $0.575 and strong support seem holding at $0.44 cts
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3/01
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OCBC SECURITIES : Technical - Meiban &...
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http://www.remisiers.org/research//Technical%20Analysis%20-%20Meiban%20Group%20&%20Ouhua%20Energy%20-%20070103%20-%20OIR.pdf
Happy reading, not an inducement to trade.
ouhua has current support at 46c with decreasing volume indicating selling pressure had waned. IMO there is potential upside to be a great stock. Vested interest & will keep for on radar screen for 2007.
Cheers.
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16:00 | INTERVIEW - Singapore-listed Ouhua eyes 20 pct growth in revenue in 2006 |