Highlights
KLSE: CSL (5214)       CHINA STATIONERY LIMITED Main : Consumer
Last Price Today's Change   Day's Range   Trading Volume
0.065   0.00 (0.00%)  0.00 - 0.00  0
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Overview

Market Cap: 81 Million
NOSH: 1,244 Million
Avg Volume (4 weeks):1,218,463
4 Weeks Range:0.06 - 0.08
4 Weeks Price Volatility (%):
81.25%
52 Weeks Range:0.055 - 0.095
52 Weeks Price Volatility (%):
68.42%
Average Price Target: 1.22
Price Target Upside/Downside: +1.155

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2017[#1]  |  25-May-2017
Next QR | Est. Ann. Date: 30-Jun-2017  |  19-Aug-2017
T4Q P/E | EY: 8.33  |  12.00%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 1.43  |  0.05
T4Q NP Margin | ROE: 3.17%  |  0.55%

Market Buzz

Date Type Subject
22-Jun-2017 Forum 18 New Comments

Headlines



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Business Background

China Stationery Limited (China Stationery) is a holding company. China Stationery is an integrated plastic stationary company with its own brands of plastic stationary products. Its products are sold under its own brands, such as SAKURA, NACHI and FOLDERSYS. The Company designs, manufactures and sells an assortment of approximately 450 plastic filings and storage products, such as expandable files, pocket files with sheet protectors, compact disc holder files, business card holders and albums. Its plastic tape printer is used by small and medium enterprises (SMEs) in China and globally to print customized adhesive tape labels used to seal corrugated or packaging boxes. It also undertakes original equipment manufacturer (OEM) manufacturing for its customers. The Company’s subsidiaries include Sunwealth Group Limited, Campus Developments Limited, Ruiyuan (Fujian) Enterprise Co., Ltd, Sakura (Fujian) Plastic Entertainment Co., Ltd and Sakura (Fujian) Packaging & Stationery Co., Ltd.
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  34 people like this.
 
JackMa123 Lambar -> Then what effort you put in during the AGM?!
26/05/2017 18:49
Lambar Nothing...acknowledged making mistake and cut loss!

Never keep single degree of hope with csl!
26/05/2017 19:00
Sslee Dear Lambar,
Thank you for reminded me that my posting in i3 forum might induces hopes to new comers in bursa to jump into CSL. I have no intention to miss-lead others so that I can profit from it.
The above posting is an actual email I send to those I address, so as to put pressure on them to remember what they had said and do what they had promised. They will see me again next year.
For all new comers I am sorry to say I am seeking the truth to be told as only the truth will make a closure to this never ending cycle of hope and disappointment. With a closure then everyone can move on.
My advices to all new comers never fall into any red chip company that show a lot of bank balance the current bank balance audit only required a confirmation with the branch manager where the account is kept. Unfortunately that confirmation can be fraud if you bribe the branch manager.
I had done my part and I can only hope Bursa/SC/Shareholders and everyone involve in financial institute can play their part in eradicating and put an end to such fraud practices.
Thank you.
26/05/2017 19:02
Lambar Like a money games that promises 20% return monthly would not be a genuine real game.....i don't believes cash in csl today but share price lingering 7-8 cents!
26/05/2017 19:04
Lambar Lingering 7-8 cents for such a long times and the controlling shareholder cum management didn't do anything about it....


With such a huge cash on hands. ...the company is still owing money to director???? Is that make sense to you?
26/05/2017 19:07
Lambar SS lee....thumb up for your clarification.


TQVM
26/05/2017 19:09
celaka buang duit ke mulut buaya
26/05/2017 19:31
Tanst Dear SsLee,
There is one thing that I wish you can get clarification from Bursa. In the AGM the directors mentioned a deal with 新华书店, the largest book retail chain in china, to sell the stationery in the stores. However the deal was turned down by Bursa, can you use your contact to find out if there is such case and why it was disapproved.
28/05/2017 07:47
Sslee Dear Tanst
Thank you for the suggestion.
It is done.

Dear
Independent Director Mr. Herman Widjaja,
Company Secretary Ms. Tan Bee Hwee,
Auditor Mr. Su Chun Keat,
It was a pleasure in meeting you at the CSL AGM. You come across as Man and Woman of integrity and doing your professional job with dignity and pride. I take my hats off to you.
I need to make my recollection on the important points we had discussed during the meeting:
We do discuss that after the fire accident the business was badly affected and we do loss a lot of our customers thus management had to work very hard to rebuild the business. You mention that the management had tried to have some business tie-up/deal with the China biggest bookstore (Xinhua Bookstore) but the tie-up/deal was not approved by Bursa. May I know when it happens? And did bursa give the reasons for their disapproval?
On advertisement expenses, the auditor confirmed it was with reputable advertisement agency for Bill Board advertisement at Airport. The BOD is unable to do a ROI on advertisement expense as this is for long term business prospect. The BOD now understands our concern and agrees that this kind of expense should be channeled for Dividend payout. As such BOD will not approve any more advertisement expense in near future and all afford will be on how to improve share holder return.
Please correct me if my recollection is not accurate.
Thank you.

Dear Bursa Malaysia Corporate Surveillance and Governance Division:
Mr. Eddie Yeo and Ms. Chong Siew Yeen,

Is it a norm/must that any big business tie-up/deal needs the approval of bursa?
I will need your further clarification once I received the response from CSL BOD.
Thank you. Have a good weekend.

Yours Sincerely,
Lee Soon Sheng
28-5-2017
28/05/2017 09:56
Lambar Full of fantasy !
29/05/2017 10:20
Loan Sslee ... good effort. TQ
29/05/2017 12:33
miker CAP - China Automobile Part already 0.01 cent...
29/05/2017 14:31
Lambar Almost all companies from mainland adopted creative accounting and evuatually manifest through all types of stories.

Csl- factory get burnt

HB global- non compliance quality of foods

Qinquan- inferior non compliance shoes

Cap- unable to submit financial result timely...

LOL
29/05/2017 15:17
miker It is creative con-ning
29/05/2017 15:46
Shines In business tied up or cooperations, where we need bursa's approval
02/06/2017 20:17
Shines If its is merger and take over then approval is required.
02/06/2017 20:19
Sslee Dear all,
The reply on behalf of CSL BOD I received today.
Answer: CSL began negotiation with XinHua since June 2016 on a business plan, ie. to establish retail space in XinHua Bookstores. Due to the additional time required to obtain all the necessary information as required by Bursa Malaysia Securities Berhad (“Bursa Securities”) to prepare the proposed announcement to Bursa Securities and Xinhua Bookstores did not grant further extension of time to the Company. In view of the above issues, the Board decided to take a prudent stand to call off the said business arrangement with Xinhua Bookstores. Please be informed that Bursa Securities did not reject the proposed business plan, but it was called off due to the reason stated above.
Answer: The Board will consider the other options to improve shareholders’ returns. However, the advertisement expenses is part of the operating expenses to improve its revenue, to expand its market shares, to increase their sales, to enhance goodwill and to introduce CSL’s new products in the market, so that the distributors and the buyers can get to know the existence of CSL’s products.
The substantial advertisement cost incurred in 2016 was mainly due to electronic billboard advertisements that were put up in all the major airport cities in China to raise consumers’ awareness of the Company’s products.
Thank you.
02/06/2017 21:09
teo44 Dear Sslee,thank you for your efforts and sharing.you did very good job, no matter what is the outcome, great pressure had been press on them.once again THANKYOU.
04/06/2017 19:48
Sslee Dear teo44,
The truth can be very ugly and painful as what had happen with Xingquan. Be prepared for it. Anyhow the truth will set us free so that everyone can move on. I had written another email to them as follow:

Subject: Bank Balance.
Dear Bursa Malaysia Corporate Surveillance and Governance Division:
Mr. Eddie Yeo and Ms. Chong Siew Yeen,
Auditor Mr. Su Chun Keat,
During the CSL AGM Auditor had given me a written reply on the above subject.
1. Majority of bank balance is in Agricultural Bank of China Putian.
2. The audit and verification of bank balance as follow:
a. Personally visit branch to obtain confirmation from bank.
b. Obtain bank confirmation from the counter.
c. Get bank statements print on spot.
I had consulted a friend in China and his opinion is that bank balance can be fraud if.
1. You bribe the bank branch manager to do your bidding?
2. Borrow money from black-market money lender syndicate and bank in the money during audit and withdraw the money and pay back the syndicate after the audit with fees?
Can bursa now give directive/advice/guidelines to auditor to redo a more comprehensive/extended audit on bank balance to proof beyond any doubt that the bank balance is real and is rightfully belonged to the company?

Dear
Independent Director Mr. Herman Widjaja,
Company Secretary Ms. Tan Bee Hwee,
Excuse me for bringing up the subject of Bank Balance now. I am sure you are going to discuss this subject and dividend issues on the coming BOD meeting. The recent happening with many red chip companies (Xingquan, Maxwell, CAP and etc) had made me nervous and impatient. Please accept my apology.

Dear BOD and Management of CSL,
It is an insult and humiliation beyond word that the company cash and bank balance is Rm 95 cents per share and the public only price the CSL market price at Rm 7 cents (Market closed price on 2-6-2017). Please give your full cooperation and work closely with Bursa and Auditor to proof beyond any doubt that the bank balance is real and it is rightfully belonged to the company.

Dear all,
Have a Happy and Enjoyable weekend. Please give your response after the week end.
Thank you

Yours Sincerely,
SS LEE
3-6-2017
04/06/2017 21:06
Wow123 Just wondering anyone ask si fatt chai CEO during AGM why the share like that and cash inside bank ?
05/06/2017 10:22
celaka haha , fxck counter oliri die.....
06/06/2017 10:55
teo44 Dear Sslee,good follow-up and keep on put pressure on them, i m confident your persistent will make things turn around, i m fully support your move and willing to work with you in any actions taken ...thank you.
06/06/2017 11:21
stockmanmy I congratulate those who can make money from Red Chips

I don't have that kind of ability.
06/06/2017 11:38
ameimari 这些從褔建晋冮來的老千集团,他们带着假賬簿来这里掛牌。
全部在这里的中国褔建晋冮股票都是骗局,比金钱遊戏更可恶。
他们己成功骗了多个国家投资者的血汗钱!
07/06/2017 12:56
Lambar The greedy and brainless stupid deserving as their money are so easy to be cheated.

Well done the skilful Fujian!
08/06/2017 09:17
rockycleft That is a cruel but fitting comment.
12/06/2017 00:12
Hashim Razz Thank you to SS LEE for sharing and good effort.
13/06/2017 11:31
AyamGoreng kikikiki.....penipu gemuk chan fong, kilang bakar 3 tahun hampir, niaga masih belum pulih kah?
13/06/2017 17:23
Wow123 SI fatt chai CEO betul-betul penipu sehingga langit
13/06/2017 20:56
celaka kilang sudah hilang liao
14/06/2017 11:04
AyamGoreng kikikiki.... kilang bakar dulu belum habis duit, bila nak bikin yang lain?
14/06/2017 12:19
celaka lan ciu company nak bungkus liao..pui
21/06/2017 20:32
limsonic The boss Mr Guan Yong Xian@Chan Fung sell 6.52% share , from 18.69% to now hold 12.17%
why boss sell? not confident to own company? sell to who?
22/06/2017 09:31
Lambar The boss sold his share for 7 cents. The company account shown the cash more than rm1..


Only stupid plus Sohai believe....

Sell at 6 cents is much better choice than zero cents soon...
22/06/2017 09:44
Lambar The journey to next AGM is too long....much longer than the times required to empty the holding by the cunning si fatt chai
22/06/2017 11:00
Lambar The cunning si fatt chai had sent out clear message to the public.....he had done his job!

Now is up to the public to decide before the share worth zero!!!

If the company got the cash as reported in the financial statements, the management cum controlling shareholder Mr si fatt chai can recommend to declare dividend up to 7 cents...he need not divest his share at 7 cents....

God will not rescue you if you still carry hopes blindly. ..instead, god says you deserve it..
22/06/2017 11:12
AyamGoreng kikikiki..... jalan tuju 1 sen...dan tutup kedai
22/06/2017 11:14
Lambar If sell the share at 6 cents...at buyer price...can still eat a lot of hot AyamGoreng.

LoL!
22/06/2017 11:26
Lambar SS LEE....is it sensible for si fatt chai to sell his share at 7 cents and you still believe the director' would promise to declare dividend later?
22/06/2017 11:31
AyamGoreng kikikiki..... csl ada tunai 1,854,408,000.00 di bank, tapi taugek chan fung jual dia punya saham 7 sen 6.52% peratus! bank tu takda duit lah..... semua syarikat saham dari fujian sama2 penipu la..... pui
22/06/2017 11:32
Lambar Worst still...anyone believe si fatt chai would inescapable eventually?
22/06/2017 11:33
Lambar As I see it...

I).it's pretty hard for laymen to acknowledge their own mistakes

2) it's much harder for laymen to refrain from continuous draining out energy in the name of seeking the truth (revenge) to comfort self-ego.
22/06/2017 11:41
Lambar 搭上不归之路, 没法子了! 好之为之了!
22/06/2017 11:44
Lambar Naive! This is the world full of naive people!
22/06/2017 11:48
celaka Bursa tak nampak
22/06/2017 14:28
Sslee Dear all,
Bursa and SC do care and will do what is right for the securities market.
Dear Mr. Lee,
We are making arrangement with the Securities Commission for a joint meeting. We will get back to you once the arrangement is finalised.
Thanks and Regards
Chong Siew Yeen
Corporate Surveillance and Governance
19-6-2017
Extract from my email to Bursa and SC.
Finally I would like to draw your attention to below link: Speech by Chairman of China Securities Regulatory Commission (CSRC) doing his best to clean up the China Securities Market.
http://www.csrc.gov.cn/pub/csrc_en/Informations/phgall/201706/t20170608_318016.html.
I quote; “Capital markets operate by rules. There are regulatory red line and bottom line. The CSRC will steadfastly carry the sacred responsibility of investor protection, especially to small and medium investors. Tough measures will be taken to correct market aberrations, punishing the culpable, delisting the failing companies, and cleaning out the riffraff. Whoever breaks the rules will pay a heavy price
I believe together we can, shall and will uphold justices. Whoever breaks the laws/rules will pay a heavy price.
Thank you.
22/06/2017 15:27
Lambar I m rather pessimistic si fatt chai would be inescapable eventually for the reason of not uncommon .....and not worthy mentioned here.

Let's wait for the inevitable outcome!
22/06/2017 15:59
celaka haha , cakap tak serupa bikin
22/06/2017 16:04
teo44 Dear Sslee, thank you for your update..
22/06/2017 17:15
ks55 Directors going to burn down their office again.
This time they will make sure even the back-up electronic copy of account also completely destroy.
Then they will take Q from XinQuan not able to produce QR.
Get suspended, and ultimately delisted.

Typical China Conman's MO.

Sell tomorrow morning at 6 sen.
At least can have 6 plates of nasi ayam and China teh ais for ever 1000 CSL shares........
22/06/2017 23:46


 

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