SHI FU said :

Huaan just reported an excellent QE yesterday ,
profit increased by 44% Q 2 Q , from 2.9 cts to 3.29cts ,
at d same time , steel price also coming down from its peak ,
if we use 3.29 cts x 4 = 13cts which giving u PE of 4+ ,
once steel price comes down , its earing would be diluted ,
fyi, huaan will go 4 full capacity by end of 08 or begining of 09 ,
we can use this to compensate d falling steel price .
This apply to all d steel stocks , they r currently traded @ PE <> ,
once d demand n steel price come down , there is a big question marks on d sustainability of its single digit of PE !?
If yr steel counter is traded @ PE , 5 , u hv margin of safety ,
if they r traded @ PE 8+ , chances for them to come down further r greater .

Average PE for steel stocks r around 11+- in bull mkt n 6+- for bear mkt.

August 23, 2008 11:54 AM***

From d above, same goes 2 Lionind..
wowwww 121cts =eps, giving u PE of 1.5+++$$$$$...

ha ha, pls refer 2 d above ^V^U see now..
be it solid FA like Lionind , once mr bear came , 300% jumped in its latest earning also got no impact on its share price .

Hence, dont look at share price , look at CI , buy back only when it reach 1,000 n below ^V^