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Metech Intl
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Everyday
Elite |
05-Feb-2022 18:02
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Short sell record for 4th Feb 2022 fr Sgx historical short sell data. Metech 881.7k.....is it alot? But dollar amt next to Jiutian. Rex hv 1m and Jiutian hv 2m. Disa hv 14.9m but lower value. https://api2.sgx.com/sites/default/files/reports/short-sell/2022/02/website_DailyShortSell202202041815.txt Short Sell Executed on February 4, 2022 Security ShortSaleVolume Curr ShortSaleValue $ CapAllianz 200 SGD 0.4 $ DISA 14900000 SGD 84400 $ GKE 29000 SGD 3132 $ GS Hldg 236200 SGD 28989 $ Hatten Land 100000 SGD 4550 $ Jiutian Chemical 2113600 SGD 185196.5 $ LHN 100000 SGD 31880 $ Medtecs Intl 9500 SGD 2828.5 $ Metech Intl 881700 SGD 130674.5 $ OUE Lippo HC 900 SGD 31.5 $ Rex Intl 1020000 SGD 364500 $ UGHealthcare 5200 SGD 1397 AEM SGD 88300 SGD 400809 AIMS APAC Reit 168100 SGD 238571 ARA LOGOS Log Tr 14700 SGD 12316.5 |
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flyliam
Senior |
04-Feb-2022 16:33
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Just turned my head talking to colleague and now it' s 165 liao. I think if it drops from peak by 7-8 bids, it' s time to reconsider your position.
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papayaface
Supreme |
04-Feb-2022 16:20
Yells: "This is the best time to enter....when everythings uncertain" |
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Wat you mean by collapse? To what price? 10 cts? Then u recommend to jump in and get slaughtered on Monday? Buy-sell volume so low, my 500 lots will take time to sell. Good luck
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flyliam
Senior |
04-Feb-2022 16:07
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If this doesn' t collapse by close of day, then it should jump again at Monday open.
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papayaface
Supreme |
04-Feb-2022 16:06
Yells: "This is the best time to enter....when everythings uncertain" |
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Huat arh. Time to look for the next one to cheong next week. Any recommendations? Good luck
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GoodLearner
Senior |
04-Feb-2022 16:05
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All the bigger queue gone.... now could be either way... be careful
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flyliam
Senior |
04-Feb-2022 16:03
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If BB keep tapping the brake and don' t let it run too fast, maybe even 170.
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GoodLearner
Senior |
04-Feb-2022 15:59
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Nice one..... squeeze until .160
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flyliam
Senior |
04-Feb-2022 15:40
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Yeah... if it doesn' t retrace much from here, there would be a short squeeze and a 2nd round on Monday.
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GoodLearner
Senior |
04-Feb-2022 14:43
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pass 0.153 and then there will have some short squeeze
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LowLow12
Elite |
04-Feb-2022 13:32
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Dead tiger bounce? |
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Everyday
Elite |
04-Feb-2022 12:36
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Diamond factory not ready yet....but good for price to recover...depending on mkt players
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GoodLearner
Senior |
04-Feb-2022 09:51
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Yesterday swang more than 30%. Today, likewise.... Very speculative counter....Happy trading....
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WBdisciple
Elite |
04-Feb-2022 09:40
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Demand for jewellery drives surprising diamond rebound
https://www.businesstimes.com.sg/consumer/demand-for-jewellery-drives-surprising-diamond-rebound
Polished gem prices jump 2 biggest diamond miners raise prices of rough diamonds by hefty percentages Alrosa' s 2021 diamond production totalled 32.4 million carats, but sales reached 45.5 million as the company drew down its inventories.
THE turnaround for the gems market from the depression in the early months of the pandemic in 2020 has surprised both diamond dealers and analysts.
Polished gem prices have jumped in the past 6 months and the two biggest diamond miners, Alrosa from Russia and De Beers in the UK, recently raised their prices of rough diamonds by hefty percentages.
Their marketing strategy helped them greatly despite the impact of the pandemic in the last 2 years.
In the first half of 2020, as demand for diamonds fell and prices plummeted, both companies decided that it was best to slash production to reduce supply.
Changes in consumer behaviour also aided them considerably. With travel ground to a virtual halt, scores of consumers - in order to cope with the strain of being cooped up at home - began spending their extra cash on diamond jewellery and other luxury items.
The lockdowns around the world ended up boosting online sales of diamond rings, pendants, bracelets and other jewellery.
Sales of luxury items in China jumped in 2021, with purchases of jewellery rising 35 per cent as consumers continued to spend locally during the border closures, according to new data from management consultancy Bain & Company.
This consumption, in turn, raised demand for polished cut diamonds manufactured in places such as Mumbai, Antwerp, Tel Aviv and New York. Wealthy investors also bought top-quality investment grade diamonds from the centres to hedge against rising inflation.
Cutters in the manufacturing centres were faced with a shortage and went to the auctions of Alrosa and De Beers to purchase rough natural gems, which resulted in a surge in sales and prices.
Evgeny Agureev, the deputy chief executive of Alrosa, said the Russian company' s sales of rough and polished diamonds in 2021 reached US$4.17 billion last year.
He added that turnover exceeded 2020 levels by 50 per cent and beat 2019 sales by 21 per cent.
" Sales were driven by the revival in demand for diamond jewellery in the key consumer markets in North America and Asia," he said, adding that production was inadequate to meet the surge in purchases.
Alrosa' s 2021 diamond production totalled 32.4 million carats, but sales reached 45.5 million as the company drew down its inventories.
" Our inventories remain at rock-bottom since mid-2021. We are generally positive about the future demand for rough diamonds, given low stocks in the diamond pipeline and continued high demand from jewellery consumers," said Agureev.
De Beers, with stakes in mines in Botswana, South Africa and Canada, reported a rise in sales to US$4.8 billion last year compared with US$2.8 billion in 2020 and US$4 billion in 2019.
Meanwhile, worldwide lab-grown diamond production grew to between 6 and 7 million carats in 2020 and is set to rise further this year.
In contrast, the production of natural mined diamonds fell to 111 million carats, having peaked at 152 million in 2017, according to a report from the Antwerp World Diamond Centre.
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tedlim
Veteran |
04-Feb-2022 09:38
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The world&rsquo s largest jeweler goes all-synthetic on diamonds Lab-grown is just as good as mined -- but doesn' t affect the environment as much. Alexandru Micu by Alexandru Micu February 2, 2022 i Pandora, the world&rsquo s largest jeweler, announced that it will no longer sell natural, mined diamonds, switching exclusively to stones manufactured in the lab. Alexander Lacik, Pandora&rsquo s chief executive, explained for the BBC that the company&rsquo s shift is part of their broader efforts towards sustainability. Concerns about working practices in the mining industry were also factored in alongside environmental concerns, he added. Forever lab-grown &ldquo We can essentially create the same outcome as nature has created, but at a very, very different price,&rdquo he explained, adding that artificial diamonds can be made for as little as &ldquo a third of what it is for something that we&rsquo ve dug up from the ground.&rdquo &ldquo It&rsquo s the right thing to do,&rdquo he concluded. Jewelers around the world are looking at artificial diamonds as a way to promote sustainability and cover demand without skyrocketing costs. In 2020, the production of such diamonds reached between 6 to 7 million carats worldwide. Each carat (one carat equals 0.200 grams) produced in a lab means one less carat taken out of the ground, and less environmental impact as a result &mdash so although this shift is based mainly on economic concerns, the environment stands to benefit as well. This increase in lab-grown stones also echoed in a reduction of the total quantity of mined diamonds. Worldwide, this fell to 111 million carats in 2020, after having peaked at 152 million carats in 2017. Another important driver of this reduction in mined diamonds came down to production-side complications associated with the coronavirus pandemic and a drop in demand. Pandora will be producing its diamonds in Britain, and that&rsquo s also the first country where they will be commercially available. Customers will undoubtedly enjoy the better designs and lower prices offered by lab-grown diamonds over natural ones, the company feels. Surveys carried out for Pandora also suggest that younger generations are also keen on the environmental aspect of these diamonds, while it doesn&rsquo t even make it in the top five concerns for older generations. That being said, lab-grown jewelry alternatives, such as moissanite rings, have become much more popular in recent times. Technology has improved, researchers have become better at creating more realistic replacements, but there&rsquo s a catch: artificial diamonds require a lot of energy to produce. This is needed to generate and sustain the extreme pressures and temperatures needed for synthetic diamonds or diamond alternatives. A switch to lab-grown gems definitely helps protect natural landscapes and ecosystems. But we don&rsquo t yet have a clear-cut road towards diamonds that are truly environmentally friendly due to this energy requirement &mdash energy that is, in large part, still being produced by the burning of fossil fuels. Around 50% to 60% of the world&rsquo s synthetic diamonds come from China coal-fired powerplants still supply the lion&rsquo s share of energy here. Other synthetic diamond-producing countries such as the US have a greater focus on using clean energy (such as hydro) for the process, but overall, the net effect is still quite damaging to the environment. Still, on the customer&rsquo s side, these diamonds are identical to the natural ones. Although there still is a stigma associated with synthetic diamonds, Lacik hopes his company can spearhead the change in perception around these precious, if man-made, stones. It is, after all, a switch made for a very good cause. |
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WBdisciple
Elite |
04-Feb-2022 09:32
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Yes...Metech recognised revenue of about S$1m in the latest half year results from the trading of lab-grown diamonds. | ||||
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GoodLearner
Senior |
04-Feb-2022 08:33
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So it seems that the the diamonds segement has commenced trading activities. The company still have cash on hand resulting from the share allotment exercises. Lin Hean Nerng sold 1.18% of company shares at $0.162 (aver) on 28 Jan. The lab-grown diamonds segment commenced since December 2021 with trading activities. The Group continues to carry out its business diversification plans upon obtaining shareholder approval at the extraordinary general meeting (&ldquo EGM&rdquo ) held on 12 January 2022. As of the date of this announcement, shipment of the equipments for lab-grown diamonds were approved by China customs and currently under shipping arrangement by the forwarder. As explained in the Circular dated 24 December 2021, the Group had entered into various strategic collaboration agreements with the relevant parties to pave way for the business diversification. It continues to assess the viability and strategic value of each proposed collaboration and will enter into legally binding agreements with the relevant parties to carry out the sale of its products and other related activities, where commercially appropriate, after taking into account all the relevant circumstances. Referring to announcement dated 27 January 2022 on Patent Licensing Agreement (&ldquo Agreement&rdquo ), the Company received notarised documents of the said Agreement on the same day. Wastewater treatement services segment started to contribute revenue and gross profit since September 2021, and managed to achieve its profitability as expected. The Company expects this segment to continue contributing a good profit margin in the coming periods. |
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tedlim
Veteran |
04-Feb-2022 08:27
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The latest Hy Results are NOT a surprise as revenue from their lab-grown diamond biz has not started contributing yet. | ||||
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spursfan
Supreme |
04-Feb-2022 07:46
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1)Financial Statements and Related Announcement::Half Yearly Results...https://links.sgx.com/1.0.0/corporate-announcements/RMDJASHJGVW7AA08/700990_1H%20FY2022%20Results%20Announcement%20final.pdf...2) Disclosure of Interest/ Changes in Interest of Substantial Shareholder(s)/ Unitholder(s)::Change in Interest of Substantial Shareholder - Mr. Lim Hean Nerng..https://links.sgx.com/1.0.0/corporate-announcements/A12J0GEE2I02MHZT/700980__eFORM3V2_Lim%20Hean%20Nerng.pdf | ||||
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sklong138
Elite |
03-Feb-2022 19:20
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I play this counter as a TRADER. I have made huge profit for going long and short. Made money in both trending direction. But must be agile. Happy trading ...
For long term investors, must be patient & you will see the return of investment once Metech starts to produce diamonds.
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