Year End Pick: HUAAN

BURSA usually sluggish on December. And usually, the recovery only starts on New Year, before rallying for Chinese New Year. Will this happen this time around when we have more public holidays, especially in M'sia?

Well, today, unclepicks is going to pick another counter. But, it's going to be NOT so fundamental cyclical counter from China,  "HUAAN".

About HUAAN
HUAAN is located at Linyi City, Shandong Province, China. Its principal activities are production and sale of metallurgical coke. (coal -> metallurgical coke) The metallurgical coke is then used as energy source for the manufacturing of steel. (Steel industry).

Why HUAAN?
   ~  Speculator's favorite.
   ~  back to BLACK.
   ~  latest EPS 1.65 is enough to sustain the current price.
   ~  coke price has stablised
   ~  Strong support from tabung haji
   ~  China, driver of the global recovery
   ~  HUAAN, reacts to China's economy news.
   ~  Steels counters like MASTEEL, CSCSTEL are on bullish trend.

Just recently, Hebei raised coke price :=)
http://steelguru.com/news/index/2009/12/05/MTIzNTk2/Hebei_raises_coke_reference_price.html

Unclepicks is going to accumulate ~0.48