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Thursday, March 4, 2010

HUAAN / 2739 - 2009 Q4

OSK TP: 0.7
My decison: BUY
Reason: China steel demand increased, expect coke price in uptrend

My study based on 2009 Q4 report (number in '000):
- Oversupply of steel in the domestic market and caused downward pressure on the selling prices of metallurgical coke

Lesson learned from previous Q:
- Must always check coke price trend and steel production and demand for coming Q report period, if down then sell, vice versa

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