Delong Holdings Limited *Official* (SGX: BQO)

SeVenn

SeVenn

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PE 1.62 :s22:

Sad to say, China stocks will always trade at a significant discount to fair value simply because of how much local traders fear them :o
 
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nagyagyutunder

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very imba stock

current price is dirt cheap

also not a con company

good solid blue chip just very undervalued
 
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GreatKen

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Check out their chinese website, I think there is more information.

dlholdings.com

Their cash flow is really very strong this 1H.
 
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nagyagyutunder

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steel prices going up

delong has some good volume again since monday

with more houses built in china and forced closure of some steel mills during winter to reduce air pollution, steel prices should go up the next few months as long as demand increases or stays at the same level
 
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nagyagyutunder

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GreatKen said:
Their cash flow is really very strong this 1H.
Click to expand...

delong has paid up a lot of their debt and creditors have also redeemed their bonds early

there shld be some decent volume when they continue to make significant earnings and there is declaration of dividends to shareholders
 
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nagyagyutunder

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volume of delong is low simply because a lot of shareholders are holding and waiting and not willing to sell at current imba prices

gxgx to those who bought at 40 cents low years ago

your patience will be rewarded soon
 
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nagyagyutunder

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https://asia.nikkei.com/Markets/Nik...rice-Moves-May-Be-Due-To-Proposed-Acquisition

SINGAPORE (Oct 04) -- Singapore's Delong Holdings on Wednesday told the Singapore exchange unusual price movements in company's shares may have been a result of a May 10 announcement of a proposed acquisition, according to a filing.

Delong Holdings said May 10 that unit Delong Steel had entered into a binding memorandum of understanding with Beijing Shougang Mining Investment for the proposed acquisition of a 51% stake in Anhui Shoukuang Dachang Metal Materials from Beijing Shougang.

China-based Anhui Shoukuang has paid up capital of 3 billion yuan and is currently 51% is owned by Beijing Shougang, with the remainder owned by Anhui Dachang Mining.

Anhui Shoukuang manufactures and sells steel bars and wire rods. Delong Holdings manufactures and trades hot-rolled, mid-width steel coils and invests in resource and other steel-related businesses.

Delong Holdings' shares last traded at S$1.80 each - up S$0.14, according to SGX data.
By Singapore Newsroom; sgeditorial@nikkeinewsrise.com; +65 6331 6250
- Edited By Abhrajit Gangopadhyay
- Send Feedback to feedback@nikkeinewsrise.com
- Copyright (c) 2017 Nikkei NewsRise Asia Pte Ltd.
 
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nagyagyutunder

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http://www.businesstimes.com.sg/com...ocess-of-bidding-for-stake-in-steel-bar-maker

DELONG Holdings is engaging relevant parties as part of a previously announced plan to bid for a stake in a China steel business, the company said on Wednesday in reply to a trading query by the Singapore Exchange (SGX).

Delong, a steel manufacturer, said that it is otherwise unaware of any reason for an unusual increase in trading activity of its stock on Tuesday.

Delong had entered into a binding memorandum of understanding on May 10 to bid for a 51 per cent stake in Anhui Shoukuang Dachang Metal Materials Ltd Co, a maker of steel bars and wire rods.

As part of the agreement, Delong paid the vendor, a state-owned entity, 10 million yuan (S$2 million) as a guarantee that Delong will take part in a bidding exercise for the target stake.

Tuesday's trading query was Delong's second in five month, the SGX noted.

The stock rose 8.4 per cent, or 14 Singapore cents, to close at S$1.80 on Tuesday after 374,700 shares had changed hands.
 
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nagyagyutunder

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SeVenn said:
Still can buy? Moi into China stocks now :o
Click to expand...

risk reward not there

DYODD

dont chase, i think very high now, add on dips

also, this week is golden week, and hk market is closed today, any runs this week highly speculative

today some china counters are running, take note, like china aviation oil as an example

it may be a diff story on sgx tmr when hk opens tmr
 
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