Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

A buy-side analyst with over 15 years of experience investing in Asian markets and specializing in the mid-small cap space, emphasizing value investing in companies with good free cash flows/dividends and long-term holding horizons. 
Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd. It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity, Bottom-up Analyst

Angang Steel's Profit Warning Is Disappointing; Company Unable to Benefit From Higher Prices

China Steel the Start of the Supply Response !!!

Kelusa Asia Focus Funds

Equity Bottom-Up

Angang Steel Co Ltd (H) / Equity Bottom-Up

I have attached a few charts that are quite interesting and show steel price rise is hitting a roadblock and faces potential headwinds.Before that my conclusions are just briefly written here :<ol>
<li>The cause for the steel price rally was stimulus, not Chinese steel production being taken out.</li>
<li>Stimulus has helped steel prices in the past but since 2014 it was not helping till Jan 2016 where we saw an unprecedented level of stimulus.</li>
<li>Structurally margins for steel in China are trending downwards.</li>
<li>Spot…</li>
</ol>

I have attached a few charts that are quite interesting and show steel price rise is hitting a roadblock and faces potential headwinds.Before that my conclusions are just briefly written here :
The cause for the steel price rally was stimulus, not Chinese steel production being taken out.
Stimulus has helped steel prices in the past but since 2014 it was not helping till Jan 2016 where we saw an unprecedented level of stimulus.
Structurally margins for steel in China are trending downwards.
Spot…


Angang Steel Co Ltd (H)

Steel Does the Rally End Here ?