Highlights
KLSE: XINGHE (0095)       XINGHE HOLDINGS BERHAD ACE : Consumer
Last Price Today's Change   Day's Range   Trading Volume
0.05   -0.005 (9.09%)  0.045 - 0.05  2,112,000
Analyze this stock with MQ Trader system

Overview

Market Cap: 129 Million
NOSH: 2,574 Million
Avg Volume (4 weeks):4,302,993
4 Weeks Range:0.04 - 0.055
4 Weeks Price Volatility (%):
66.67%
52 Weeks Range:0.03 - 0.085
52 Weeks Price Volatility (%):
36.36%
Average Price Target: 0.17
Price Target Upside/Downside: +0.12

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2017 [#4]  |  28-Feb-2018
Next QR | Est. Ann. Date: 31-Mar-2018  |  31-May-2018
T4Q P/E | EY: -19.25  |  -5.20%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.1999  |  0.25
T4Q NP Margin | ROE: -1.90%  |  -1.30%

Headlines

Date Subject
21-Mar-2018 PublicInvest Research Headlines - 21 Mar 2018
21-Mar-2018 Mplus Market Pulse - 21 Mar 2018

Business Background

XingHe Holdings Bhd is engaged in production, blending and marketing of peanut oil and other edible vegetable oil. The Company's reportable segments include branded products, non‐ branded products and others.
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  9 people like this.
 
Unfair Hengyuan Chinaman not paying dividend is OK why Xinghe cannot?
19/02/2018 12:27
illuminati3 Expected good result announcement next week!
19/02/2018 13:51
Roly Strong or weak surge
21/02/2018 12:05
rich18 Buy at 5.5-6 sen for 100% surge in 1 year?
21/02/2018 12:43
jincheah hahaha...not tat fast surge...
21/02/2018 19:53
Steven Lim this quarter report i think not really good .....
22/02/2018 19:05
Steven Lim hope so ...... the new pp at 7 cents will issue soon !!
23/02/2018 22:24
Heng1983 My 8 sen.. Come back wei
26/02/2018 09:26
2018HengHeng when want to push up, waiting soon
26/02/2018 16:08
smktta when will be the quarter result out?
27/02/2018 13:43
smktta this counter need some booster
27/02/2018 16:02
topkek http://www.bursamalaysia.com/market/listed-companies/company-announcements/5708777
28/02/2018 21:25
ivan9511 fast fast run lost qr china stock loss qr sure drop until 1sen
run faster run
28/02/2018 21:26
Xinghe Net cash double to 18 sen. Cash is king like PM Najib?
28/02/2018 21:50
dusana Still cas rich , hopefully this Quarter better
28/02/2018 23:32
azta12 hantam..time to move.
01/03/2018 15:05
jincheah come on ~~~~~
01/03/2018 15:52
Roly Strong power
01/03/2018 16:10
rlch Next HuaAn or HB Global?
05/03/2018 09:34
Jeffreyteck Locally listed Chinese firms, no exception for failure as most probably their intentions is not business but exit plan. Their revenue trend will tell the truth, don't even talk about profit. Best for speculation because of low price. Good luck.
05/03/2018 18:35
contrarian HB Global moving. Xinghe turn soon bec GE coming?
06/03/2018 10:45
Xinghe XingHe ventures into seafood processing
http://www.theedgemarkets.com/article/xinghe-ventures-seafood-processing
20/03/2018 20:56
jincheah ready to goreng liao ? haha
20/03/2018 22:43
Jmz88 time to move
21/03/2018 10:45
mrknowled time has come
21/03/2018 17:06
Kasihan My avg cost 10 sen. Must wait GE over or 5 years to recover loss?
22/03/2018 11:09
jincheah oh nooo
22/03/2018 17:15
05/04/2018 14:49
LimKT Useless
05/04/2018 15:08
limch 5.5 sen very cheap when can move like SKH, PUC or Ucrest?
10/04/2018 12:03
limch Cheap nobody want when 20-30 sen every1 chase?
10/04/2018 12:05
jincheah huh...coming soon ?
10/04/2018 20:26
Kho Hon Hua haha...really got hope ?
12/04/2018 17:04
jincheah now....not really got hope///
12/04/2018 19:45
1044034702356152 Waiting so many years for it to moving up. But still sleeping
24/04/2018 00:44
candy88 Sleep until when??
24/04/2018 17:44
bi0hazard 4.5sen.. time to collect?
25/04/2018 13:30
TTNTK Finally, reality strikes.
25/04/2018 17:42
WY Chan closing 4.5
26/04/2018 13:52
jincheah zzzz
26/04/2018 16:42
curious2 Will XingHe’s new venture make a difference?

LIKE most China-based companies listed on Bursa Malaysia, XingHe Holdings Bhd has been affected by a negative perception that is weighing down its share price. Its loss-making edible oil business is not helping either.

A penny stock, its share price has fallen more than three-quarters from its peak of 27.1 sen on May 28, 2014, to close at five sen last Thursday, giving it a market capitalisation of RM128.7 million.

It slipped into the red with a net loss of RM6.68 million for the financial year ended Dec 31, 2017 (FY2017), compared to a net profit of RM23.6 million a year ago, mainly due to declines in sales volume and lower selling prices, especially for peanut oil.

The net loss has cast a pall over Xinghe, and led some investors to feel that the company may be like some of its Chinese peers, where losses were followed by accounting issues, such as failing to submit annual financial accounts.

Hoping to turn things around, the company has decided to venture into seafood processing, with operations based in Bukit Tambun, Penang.

This will be XingHe’s first venture outside China, says non-executive chairman and senior independent director Stephen Ng Min Lin.

“We want to move the perception of XingHe more towards our local (Malaysian) operations and spread out the risks so that investors notice that unlike other China-based companies, we actually have operations here,” he tells The Edge in an interview.

He says the pre-tax profit contribution from the tuna-processing joint venture is estimated to be about US$1.6 million for FY2019 and US$1.8 million in FY2020.

“We will be renting a factory on a 7.5-acre piece of land in Bukit Tambun. The plant is a modern facility, but we need to modify it for our tuna-processing lines,” he says.

Modification work is expected to be completed by July before the processing lines can be run at full capacity.

“The existing plant was only used to process prawns, but now, we are enabling it to process both prawns and tuna,” he explains.

Ng, 39, was appointed non-independent, non-executive director of Key West Global Telecommunications Bhd in January 2011. He was CEO of Esabee Biotika Sdn Bhd from May 2008 to mid-2011.

XingHe, which is based in Henan province, made its debut on the ACE Market in late April 2014 in a reverse takeover of Key West Global Telecommunications.

Founded in 2002, it is one of China’s top edible vegetable oil companies. Apart from peanut oil, it also manufactures peanut protein cake, a byproduct in the production of animal feed.

Ng says going forward, XingHe sees potential in the seafood processing business, which will be overseen by Malaysian directors, including himself.

The directors in China, led by managing director and substantial shareholder Ma Guo Liang, will be in charge of the edible vegetable oil business there. Ma has a 46.52% stake in XingHe via Perfect Timing Holdings Ltd, an offshore company incorporated in the British Virgin Islands.

To recap, XingHe announced on March 20 that its 90%-owned subsidiary, XingHe-Jefi Sdn Bhd, and its joint-venture (JV) partners — My Ocean Venture Sdn Bhd (MYO) and VC Marine Sdn Bhd (VCM) — would set up Sea Tuna Industry Sdn Bhd.

XingHe-Jefi will have a 52% stake, while MYO will have 35% shareholding and VCM, 13% in the joint venture.

Sea Tuna Industry needs RM20 million to modify the Bukit Tambun plant and as working capital.

Funding should not be a problem for XingHe, which recently raised RM11.5 million from a private placement exercise and is sitting on a huge cash pile of RM431.5 million.

Its JV partners MYO and VCM will also be contributing their share of funds.

A filing with Bursa Malaysia shows that MYO is a private limited investment holding company that is 50%-owned by Leong Keng Wohand, who has interests in companies involved in the supply of lubricants and logistics services.

Taiwanese national Yu Pao-Chu — a substantial shareholder and president of Thai Ocean Venture Co Ltd — holds the remainder of the shares in MYO. Thai Ocean Venture is involved in value-added processing of seafood, principally tuna processing.

VCM is an investment holding company that is 99.99% owned by Datuk Gooi Kok Song, who has interests in companies that supply tyres and lubricants.

“Our JV partners own more than 200 fishing vessels, and 50% of the market share in the Indian Ocean. They have their own fishermen harvesting tuna. That will guarantee a consistent supply of tuna for us (Sea Tuna Industry), even during the low season,” says Ng.

Under the proposed JV, which is scheduled to be completed in the second quarter, XingHe-Jefi will make a capital contribution of RM7.5 million of the agreed issued share capital of RM14.5 million, to be funded by internally-generated funds.
http://www.theedgemarkets.com/article/will-xinghes-new
27/04/2018 04:10
limch RM 431 million cash or 3.7X market cap in 2017 AR.
27/04/2018 19:50
Undi_PKR 4.5 sen you get. If PH win 20-50 sen?
09/05/2018 10:17
jincheah what is going on ?
10/05/2018 10:36
Xinghe Pakatan win GE14. 20-30 sen coming?
13/05/2018 22:03
Shines Pls write something that are not fake either good or bad for all to consider jumping in or not
15/05/2018 08:45
sab999 touch 6 sen is good lol..
17/05/2018 14:52
Shines Very susah Unless good results
17/05/2018 17:22
Xinghe Under PH also cannot move? Change back to BN in GE15.
17/05/2018 20:04
lbp83 排排坐,吃果果
18/05/2018 10:13


 

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