【TECHNAX 2739 交流专区】（前名 HUAAN ）

xzm

http://www.sdsme.cn/news/c_market/2007/89/07891651379FK4GBJ5AIBCIEA1J5F.html

华盛江泉系再布局：烨华焦化大马上市
21世纪经济报道
记者　王法争　山东报道
　　
　　烨华焦化上市的中方主导者为刘国栋。据本报记者了解，刘的妻子叫王雨，是华盛江泉集团的创始人王廷江之女。此前，王雨和刘国栋常驻香港做出口贸易，名下拥有香港佳贸国际有限公司。
　　　　
　　全国村办集体企业“明星”———华盛江泉集团———再次在资本市场发力。
　　在拥有了A股江泉实业(600212.SH)和在新加坡证交所上市的联合食品两家上市公司之后，华盛江泉又把其焦炭业务———临沂烨华焦化有限公司———推到了马来西亚吉隆坡主板上市。
　　至此，华盛江泉资本铁三角格局悄然成型。
　　
　　大马红筹第一股
　　烨华焦化是以反向收购的方式实现在马来西亚主板上市。
　　“由于是中国内地到马来西亚上市的首只‘红筹股’，烨华焦化受到了当地投资者的热烈追捧。上市第一天，就实现了53%的涨幅，成为当天马来西亚10大热门股之一。”日前，烨华焦化所在地———山东临沂市———外经贸局的一位人士说。
　　正是在临沂市有关部门的推动下，烨华焦化得以成功上市。
　　从2005年起，烨华焦化就有意到海外上市，当时的目的地是新加坡和香港。但是，马来西亚的实业大亨东固纳奎尤汀的出现，让烨华焦化把目标转向了大马。
　　2006年初，东固拥有安裕资源(AnnJoo，6556)和安达控股(ANTAH，2739)两家马来西亚主板上市公司，前者的主营业务是钢铁，后者从事贸易服务。
　　2006年3月，安达控股停牌实施重组。其主要动作是增发8亿股收购在英属维尔京群岛注册的皮普海外有限公司全部股份，皮普的核心资产为临沂烨华焦化有限公司。皮普的三个股东分别为刘国栋、Rise　Business公司和Rock　Point私人有限公司。
　　接着，安达控股分别在香港、新加坡、上海和大马进行公开售股活动巡回展，在发售3.624亿新股时，获得了21倍的超额认购率。
　　今年3月底，完成重组的安达控股易名为华安国际，并顺利上市交易，刘国栋为董事总经理，持有15.9%股份；原安达控股大股东兼主席东固担任执行主席，通过旗下的Rock　Point私人有限公司持有27.6%股权；另外一名董事朱清华通过Rise　Business公司持有9.1%股权。
　　烨华焦化上市的中方主导者为刘国栋。据本报记者了解，刘的妻子叫王雨，是华盛江泉集团的创始人王廷江之女。此前，王雨和刘国栋常驻香港做出口贸易，名下拥有香港佳贸国际有限公司。
　　在江泉实业2005年度报告中，对临沂烨华焦化有限公司的描述是，股东(指华盛江泉集团)的子公司。而现在，在华安国际挂牌交易后，烨华焦化和华盛江泉方面惟一的联系是刘国栋个人。
　　
　　扩张野心
　　2004年12月成立的烨华焦化，总投资6亿元，和华盛江泉集团所属的绝大多数企业一样，都位于江泉工业园内，生产规模为年产焦炭120万吨、焦炉煤气5.4亿立方米、煤焦油6万吨、粗苯1.8万吨、硫铵1.7万吨，年销售收入15亿元左右。
　　大马上市，烨华焦化共融资6.6亿元人民币。“这些资金将主要用来扩大生产规模。”临沂市的有关负责人说。
　　按照华安国际披露的募集资金投向，首先将投资3.3亿元上马洗煤设备和扩充产能。按照刘国栋的说法，洗煤生产线今年4月竣工，投产后可以使得公司的生产成本降低5%。扩产则分两步实施，截至今年10月，华安国际焦炭年产量将新增30万吨，并在2009年进一步扩增30万吨。
　　华安国际的大幅动作与政策走向息息相关。根据山东省的焦化行业“十一五”结构调整规划，4.3米以下机焦炉要在2007年底以前全部淘汰。目前，山东高度低于4.3米的焦炉有100座左右，其生产能力近1100万吨，占全省焦炭生产能力的36%。
　　与此同时，由于钢铁行业的迅猛发展，国内对焦炭的需求在大幅增加。刘国栋表示，目前焦炭市场供不应求，中国市场也很紧俏，潜在商机将浮上台面，华安国际在未来2至3年内，将扩大焦炭产量，赶搭这趟列车。
　　刘国栋还有另外一个野心，把烨华焦化的产品卖到东南亚。在谈及到马来西亚上市的原因时，刘提到，大马虽然有钢铁企业，却没有生产焦炭的工厂。因此，公司期望和大马商家有更多的合作机会，同时还放眼未来通过大马开拓东南亚市场。
　　在描述公司的前景时，刘国栋透露，“未来会收购上游的煤炭与焦炭公司，以及下游的钢铁公司。”一个相关的信息是，华盛江泉集团曾投资6.9亿元设立了临沂江鑫钢铁有限公司，年产生铁130万吨。至于江鑫钢铁是否将置入华安国际，记者没有得到证实。

2007-05-08

[ 本帖最后由 xzm 于 11-12-2007 12:37 PM 编辑 ]

xzm

焦炭市场的研究报告：

http://www.custeel.com/Scripts/v ... p;articleID=1241363

csin14

这支股最近起落大,很适合拿来炒

hancom

颓废无力，建议出局。

过去现在未来

華安國際（HUAAN，2739）截至2007年9月30日為止首9個月的淨利為9008萬1000令吉，比較前期8458萬9000令吉揚升6.49%。

該公司營業額為6億1935萬8000令吉，前期為5億4434萬令吉，增長了13.78%。

http://www.biznewsdb.com/chinese/newspage/newspage.asp?ID=7112220&file1=7&bulan=11

這是跟之前的Antah比較嗎？

过去现在未来

http://www.chinapress.com.my/content_new.asp?sec=business&dt=2007-02-26

（中國臨沂25日訊）大馬首隻紅籌股中國華安國際（Sino Hua-An）表示，為了回饋投資者，上市后首2年，派息率將不低于20%。

有人有收到股息嗎？

3rd Qtr 30.9.2007.pdf

A7. Dividends paid
There was no dividend paid during the quarter under review. :@

我沒买這个counter，但我爸有买。

這個管理层。。。:@ :@

A10. Material Events Subsequent to the end of the Reporting Period
There were no material events subsequent to the end of the quarter under review other
than the following:

• Disposal of 100% equity interest in Extra Charm Sdn Bhd, a wholly-owned
subsidiary company, for a cash consideration of RM18,000,000. <--- 18 Million
&#8226; Proposed acquisition of 49% equity interest in Linyi Jiangxin Steel Co., Ltd.

卖了原有的Extra Charm S/B，也不履行諾言派息率將不低于20%，然后又去买了個Linyi Jiangxin Steel Co Ltd for about RM500 million by year-end （2007）。LINK
:@ :@

[ 本帖最后由 过去现在未来 于 9-1-2008 12:46 PM 编辑 ]

过去现在未来

大家小心這樣管理层的公司，不可再买它了。

csin14

已经买廖......

过去现在未来

原帖由 csin14 于 9-1-2008 05:58 PM 发表
已经买廖......

我沒有买，是我爸爸有买，而且还有很多在手上

[ 本帖最后由 过去现在未来 于 9-1-2008 09:59 PM 编辑 ]

csin14

在什么价位买??
我在0.78时买............这支股我是拿来作短线...
之前我在1.45时买,1.51卖
然后0.89买,1.04买
在0.72和0.765 买,0.830买
现在0.78买,卖????还在看着....
我其它的股有亏有赚,就是这一只股短线买卖没亏....(其它亏到很够力 )

csin14

对我来说华安它的价值有点被低估,因为它不是antah廖，而是一间全新的公司，以我看不能用它是一间亏本的公司来看待它。。。。

过去现在未来

原帖由 csin14 于 10-1-2008 11:11 AM 发表
在什么价位买??
我在0.78时买............这支股我是拿来作短线...
之前我在1.45时买,1.51卖
然后0.89买,1.04买
在0.72和0.765 买,0.830买
现在0.78买,卖????还在看着....
我其它的股有亏有赚,就是这一只股短线 ...

他買的時候，我不知道，好像是RM1以上買的。

但我看這個公司的管理层超不爽！

过去现在未来

原帖由 csin14 于 10-1-2008 11:19 AM 发表
对我来说华安它的价值有点被低估,因为它不是antah廖，而是一间全新的公司，以我看不能用它是一间亏本的公司来看待它。。。。

到目前為止，或許他們有盈余，但所赚的是超過100巴仙再投資！

他們的信譽或許可以說是不好的。

[ 本帖最后由 过去现在未来 于 11-1-2008 04:54 PM 编辑 ]

csin14

em...也许你是对的，我今天已经套利离场。。。。。

东邪

2739            
Change in Audit Committee  

Date of Change: 18/01/2008
Type of Change: RESIGNATION
Designation: MEMBER OF AUD. COM
Directorate: Exec
Name: Cedric Choo Sia Teik
Age: 35
Country:   
Nationality: Malaysian

Qualifications:
B.A. Econs (Hons) Accounting & Finance
- University of Manchester, United Kingdom


Working Experience and Occupation:
1995 - April 2005
Senior Manager, Corporate Finance
Messrs. Ernst & Young

June 2005- June 2007
Executive Director
Antah Holdings Berhad


Directorship of public companies (if any):
Nil


Family relationship with any director and/or major shareholder of the listed issuer:
Nil


Details of any interest in the securities of the listed issuer or its subsidiaries:
Nil


Composition of Audit Committee After Change:
(1)  Y. Bhg. Dato' Mohd. Shahar Bin Abdul Hamid
       (Chairman, Indepedent Non-Executive Director)
(2)  Abdul Kadir Md Kassim
       (Member, Independent Non-Executive Director)
(3)  Lim See Tow
       (Member, Independent Non-Executive Director)



Remarks:
Ms. Lim See Tow will be appointed as member of the Board of Directors and Audit
Committee in replacement of Mr. Cedric Choo Sia Teik with immediate effect.


Submitted By:
Chua Siew Chuan


18/01/2008   06:07 PM

东邪

2739            
Change in Audit Committee  

Date of Change: 18/01/2008
Type of Change: APPOINTMENT
Designation: MEMBER OF AUD. COM
Directorate: Ind & N/Exec
Name: Lim See Tow
Age: 33
Country:   
Nationality: Malaysian

Qualifications:
1999 - Association of Chartered Certified Accountant (ACCA)
2001 - Member of Association of Chartered Certified Accountant (ACCA)
2003 - Member of Malaysian Institute of Accountants (MIA)



Working Experience and Occupation:
1999 to 2003
- Audit Supervisor in Messrs. Deloitte & Touche

2005 to 2007
- Head of Finance & Special Project in Antah Holdings Berhad
- Associate Director, Corporate Strategist in Asiasons Capital Sdn Bhd


Directorship of public companies (if any):
NIL


Family relationship with any director and/or major shareholder of the listed issuer:
NIL


Details of any interest in the securities of the listed issuer or its subsidiaries:
NIL


Composition of Audit Committee After Change:
(1)  Y. Bhg. Dato’ Mohd Shahar Bin Abdul Hamid
       (Chairman, Independent Non-Executive Director)

(2)  Abdul Kadir Bin Md Kassim
      (Member, Independent Non-Executive Director)

(3)  Lim See Tow
      (Member, Independent Non-Executive Director)


Remarks:
N/A


Submitted By:
Chua Siew Chuan


18/01/2008   06:07 PM

东邪

2739            
Change in Boardroom  

Date of Change: 18/01/2008
Type of Change: APPOINTMENT
Designation: NON-EXE DIRECTOR
Directorate: Ind & N/Exec
Name: Lim See Tow
Age: 33
Country:   
Nationality: Malaysian

Qualifications:
1999 - Association of Chartered Certified Accountant (ACCA)
2001 - Member of Association of Chartered Certified Accountant (ACCA)
2003 - Member of Malaysian Institute of Accountants (MIA)



Working Experience and Occupation:
1999 to 2003
- Audit Supervisor in Messrs. Deloitte & Touche

2005 to 2007
- Head of Finance & Special Project in Antah Holdings Berhad
- Associate Director, Corporate Strategist in Asiasons Capital Sdn Bhd


Directorship of public companies (if any):
NIL


Family relationship with any director and/or major shareholder of the listed issuer:
NIL


Details of any interest in the securities of the listed issuer or its subsidiaries:
NIL


Composition of Audit Committee After Change:



Remarks:
N/A


Submitted By:
Chua Siew Chuan


18/01/2008   06:07 PM

东邪

2739            
NOMINATION AND REMUNERATION COMMITTEE ("NRC")  

SINO HUA-AN INTERNATIONAL BERHAD ("HUA-AN" OR "COMPANY")
- NOMINATION AND REMUNERATION COMMITTEE ("NRC")
SINO HUA-AN INTERNATIONAL BERHAD ("HUA-AN" OR "COMPANY")
- NOMINATION AND REMUNERATION COMMITTEE ("NRC")


18/01/2008   06:08 PM

camry

最近才发现这个帖子，我对这股没研究，不过看它的图，原来我国第一只中国来的红筹股从第一天上市到现在不足一年已经跌了超过50%，坑杀了不知多少马来西亚的小散户，中国人真不是盖的，看来以后对中国来的股都要敬而远之，退避三舍。

不过看它的业绩还算不错，只怕它是Megan第二，据说扬伟翔跑到中国躲起来了，这不会是他的同类的杰作吧？

Mr.Business

新闻。

Thursday March 6, 2008

Hua-An restores profit margins

By C. S. TAN

PETALING JAYA: Metallurgical coke processor Sino Hua-An International Bhd has regained its profit margin levels after raising product prices to adjust for record costs of coking coal, its raw material.

The group encountered a slight drop in gross profit margin to 21.3% in its fourth quarter ended Dec 31, 2007 from 22.8% in the preceding quarter “due to a sudden spike in coal prices in December,” executive director Cedric Choo told StarBiz recently.

In the fourth quarter, Sino Hua-An's coke prices were raised 16% versus the third quarter, but its coal costs rose even more, by 22%, he added.

“We can pass through the full coal price increases, but we need some time to do that. Now, our coke prices have caught up with coal prices,” he added.


Cedric Choo Sia Teik (left) and Vincent Wong King Chung

Sino Hua-An, which operates a large coking plant in Shandong, China, increased its coke price by 24% to 1,960 yuan a tonne last month from December, compared with a 19% rise in the cost of coal to 1,043 yuan during the same period.

“There may be some fluctuations from quarter to quarter but, over a year, our profit margin will be consistent,” said Choo, who is based in Kuala Lumpur.

Coal prices are expected to continue to surge this year, according to reports, as snowstorms in China, the world's largest producer, and floods in Australia had reduced supply.

In the face of record coal prices, Sino Hua-An expects to be able to continue a full-cost pass-through as coking plant capacity is tight. Coke is used in the manufacture of steel.

“Our plant has been running at full capacity in the last two years. Our increases in revenue and profit reflected purely our higher coke prices,” said financial controller Vincent Wong, who is based in Hong Kong.

Although the latest fourth-quarter results showed a drop in profit margin from the third quarter, the net profit increased 23% to RM37.4mil compared with the previous corresponding period.

Furthermore, the rise in operating profit margin was 21.3% in the fourth quarter from 17.8% previously. That resulted from coke prices being raised higher than coal prices over the year.

Wong said Sino Hua-An sold its coke at spot prices, and not forward contract prices. “That's why our receivables are low, and cash flow is strong,” he added.

At the same time, the company keeps only a month's stocks due to high volatility in the prices.

Sino Hua-An shares closed at 60.5 sen yesterday, which valued the stock at a price/earnings ratio (PE) of 5.5 times the company's net profit of RM127.5mil in the financial year ended Dec 31.

Choo said that when the company sought a stock exchange listing in 2005, the owners felt Hong Kong housed mainly very large firms, while Singapore offered a PE of just four times.

“Over here, the market was willing to pay a PE of eight times, so we chose Bursa,” he added. The market later offered more than that, with the stock traded at over RM1.50 in 2006.

http://biz.thestar.com.my/news/story.asp?file=/2008/3/6/business/20536733&sec=business