HupSteel

[BlueKelah]

http://infopub.sgx.com/FileOpen/HUP-2QFY...eID=488448

Q2 loss as per warned in the redevelopment announcement:

http://infopub.sgx.com/FileOpen/Ann%20on...eID=480979

positives:  2c special dividend and "As oil prices have been recovering steadily over the last few months, there are some preliminary signs of
expected pick up in demand for steel products after the Chinese New Year holidays."

Unfortunately it seems like oil price will be going down steadily over the next few months. 

may end up as a value trap for years to come if oil prices continue to languish and the steel business does not recover. Shale will be around for next 10 years at least and will cap oil price below $60. In addition, how long can OPEC/Russia keep production down? 


IMO this counter will be dead fish until OnG sector and rig building recovers. Probably can vest if oil prices ever recover to >$70 and rig building resumes.