Delong Holdings


Fed rate cut will support US dollar, Singtel's credit outlook trimmed

SINGAPORE (Aug 5): The US Federal Reserve has cut interest rates for the first time since December 2008, following intense pressure from US President Donald Trump to stimulate the economy. Interest rates are down 25 basis points to 2% to 2.25%, a decisio

Management & Corporate Governance

Securities Industry Council censures Delong chairman and advisors over buyout fiasco

SINGAPORE (July 30): Shares in Delong Holdings are up 94 cents, or 15.6%, at $6.95 with 2.2 million units traded, after its suspension from trading was lifted following an announcement.


Delong posts 46% fall in 1Q earnings to $30.3 mil on lower margins and higher finances

SINGAPORE (May 8): Delong Holdings, the China-based steel manufacturer, reported a 46.2% fall in 1Q19 earnings to RMB151 million ($30.3 million) from RMB280.8 million a year ago.


Delong CEO and wife make $7/share cash offer to take steel manufacturer private

SINGAPORE (Sept 27): Delong Holdings’ CEO and executive chairman Ding Liguo and his wife have made a $7 per share cash offer to take the China-based steel manufacturer private.

2 China-focused materials stocks are leading the way as sector blazes to 33% returns YTD

SINGAPORE (May 23): China-focused materials stocks China Sunsine Chemical Holdings and Delong Holdings are leading the way, as the sector generated a market capitalisation-weighted total return of 32.9% year-to-date in 2018.


Delong's 1Q earnings drop 28% to $59 mil on higher costs and expenses

SINGAPORE (May 3): Delong Holdings, the China based steel manufacturer and trader, reported 1Q18 earnings fell 27.6% to RMB 280.8 million ($58.9 million) compared to RMB 387.8 million in 1Q17.


Delong's FY17 earnings surge more than 10 times to $433 mil on higher selling prices of steel coils

SINGAPORE (Feb 27): Delong Holdings reported FY17 earnings of RMB2.1 billion ($433 million), up 10 times from RMB213 million a year ago as average selling prices of hot rolled coil (HRC) soared.

Hot Stock

Delong is third top gainer after positive profit guidance

SINGAPORE (Feb 21): Delong Holdings is the third top gainer on the Singapore market this morning after announcing a positive profit guidance.

Hot Stock

Delong up 7.4% as shareholder Evraz says steelmaker 'undervalued'

SINGAPORE (Jan 23): Delong Holdings, the Singapore-traded steelmaker with assets in China, jumped 26 cents to $3.76 with 182,000 shares traded.


Delong's 3Q earnings up fourfold to $200 mil

SINGAPORE (Nov 3): Delong Holdings announced that 3Q17 earnings increased more than fourfold to RMB 973.9 million ($200.3 million) from RMB 229.3 million a year ago.