Elliot Wave Technical Analysis
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IFCA: nice moving up
Elsoft ! tech stock is comng
Do you care ? ☝🏽🀣 I don’t care who is right 😁 I care and knew MR market is alway right 😁😁😁
Why self employed full time trader ? Solid reason πŸ’ͺ🏽✌️☝🏽
Cake from my readers and students πŸ˜€
I am looking in to GDB to cross 0.610 and scale higher
Sino Hua-An International Berhad

1) Sino Hua-An International is an investment holding company

2) The company is engaged in manufacturing and sale of metallurgical coke and other related by-products

3) Sino Hua-An International's products include:-
a) tar oil
b) crude benzene
c) ammonium sulfate
d) coal gas

4) Its by-products include:-
a) Coal Gas
b) Tar
c) Crude Benzene
d) Ammonia Sulfate
e) Coal Slime
f) Middlings

5) Sino Hua-An International now eyes energy storage as game changer

6) With Sino Hua-An International's technology venture, there is a possibility of the company selling its loss-making metallurgical coke business in Shandong, China

7) Transformation started to take place last year with a slew of technology-related acquisitions, paving the way for the company to become a full-fledged technology firm

8) Energy storage is going to drive its business in the next 2 to 3 years

9) As one of the fastest-growing industries, it is a national interest for many countries

10) It is hopeful to be able to return to the black next year, on the back of a US$300 mio (RM1.25 B) order book secured so far, including US$230 mio of super capacitor battery modules for Kone Elevators over 3 years

11) In line with the diversification into the technology business, it has proposed a name change to Techna-X Berhad to better reflect its core business and future undertakings

12) A study by Lux Research indicated the global energy storage industry is expected to grow into a US$550 B industry by 2035

13) It is not a question of demand. The challenge is how fast it can increase its capacity to meet the demand

14) One government-backed transport division is looking to use its batteries to power its electric vehicles

15) The electric vehicle segment is leading the growth in energy storage

16) It expects a revenue contribution of about RM500 mio from the technology business for 2021, with the major contributor being Aerospace Beidou, which was acquired for US$25 mio

17) That was the last piece of its transformation plan. It has what it need to be a player in Asia-Pacific. It aims to complete its transformation by year-end. Technology will then take a front seat

18) Sino Hua-An International completed the acquisition of TouchPoint Group and Craveat International Sdn Bhd in 2019

19) TouchPoint is involved mainly in the digital technology sector whereas Craveat is a bricks-and mortar consumer business operating in the casual dining industry, with restaurant chains TGI Friday and Teh Tarik Place in its portfolio

20) This year, Sino Hua-An International bought:-
a) Wavetree Technologies Sdn Bhd (digital solutions and Internet of Things)
b) HumanCapeint Consulting Sdn Bhd (change management solutions provider)
c) MD Labs Sdn Bhd (data analytics and business intelligence solutions provider)
d) HK Aerospace Beidou New Energy Industry Technology Co Ltd (IOT and energy storage)

21) The total acquisition cost exceeded RM217 mio

22) Aerospace Beidou has 28 registered patents in the US, China and Taiwan for the design and manufacture of Ruthenium-based supercapacitors, which have 10 times more power density than those of market competitors. Structurally, it is the thinnest at 0.25mm, with a longer life span of more than 10 years

23) Operating margins from the technology business can easily reach 25% to 35%

24) While the current focus is on China, the company is also setting its sights on Southeast Asia. It has an R&D lab in Shenzhen, China, and plans to set up another one in Malaysia. At least 10% of profits will be allocated to R&D

25) On the food and beverage segment, the company has begun the transformation of Teh Tarik Place into a technology-driven F&B operation. It will invest up to RM30 mio to expand Teh Tarik Place in Malaysia and Asia-Pacific

26) Sino Hua-An International executive chairman Tunku Naquiyuddin Ibni Tuanku Ja'afar is the largest shareholder of the company, with direct and indirect stakes of 1.08% and 27.13% respectively.
good leader !!! had clear vision ! I bought some yesterday ! today I add more