SC Chairman jangan makan gaji buta..

Bombastic

Already mid of August...How the JV progress and tuna demand?

Not enough power

Conversion of Loan Stocks price drop..What the FISH of this co do?

Does XOX and DBE address is the same?..
Anybody can confirm? Look weird.

Every month they suppose to update the co performance.. If bad , need to know what action they take to rectify. DON'T wait last minute.

BN n PH time show no different to Xinghe..BOD time to show their salary/allowance to them not for free..Not perform just kick it out..

Come one Xinghe..Cash many for what if the share price so low? Please appreciate your Shareholder..BOD pls work hard..Don't sleep too long..

Price performance so bad..Up not even 10sen already fall again.... not convincing

Conversion of Loan Stocks...What is this? Price drop caused of this..

Minyak x powerlah...

Boring lah

1 cent also difficult to move...like turtle...so boring

Boringlah

Boring counter

Sayur...sayur...sayur

Boring counter

Ayam punya counter...dapat project pun price tidak gerak..

Boring counter

Sure or not?

BS suit against GPA memihak kepada GPA setakat ini?

Important is the demand keep high for tuna and prawn either from China or USA..Then Xinghe have quality & capability to deliver to customer sure the future will bright..Don't care about government economy war..

Disposed at lower price ...Ada untung kah??

SC should audit this company before to late..Why no progress..How their business..running or not?

Got JV no meaning..price not move..

Xinghe BOD not working..

他们真的很潮湿。有些年头仍然无法获得QA

Have dividend will attract investor then price will move up..
Give benefit to current shareholder

Price target very damn high but current price look like want to close shop..Cash many but cannot give dividend to shareholder...BOD not keep it commitment to give dividend at least 3 time..

KUALA LUMPUR (March 19): As the purchase continued, Key Asic Bhd climbed 2.94% this morning.

As of 9:55, the stock rose 0.5 cents, hung 17.5 cents, and a total of 5.015 million shares changed hands.

Allianz Research showed that Jiayi Technology exceeded the 16.5 sen resistance level on the 13th and had risen to a high of 18 sen. The final ended at 17 sen, raising 1.5 cents or 9.67%.

The research agency's report on Friday evening pointed out that the stock exceeded 16.5 cents and is expected to reach between 20 cents and 21 cents.

The agency believes that investors who can take risks can enter the market at 16 cents at the level of the stock's slight correction.

"After buying, 15.5 cents will be the stop loss of capital protection."

The

(Compiled: Chen Huishan)

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.

“The proposed JV is intended to unlock alternate business opportunities and enable XingHe group to expand its business by having a new Malaysia-based business in tuna and seafood processing and trading to supplement its existing

KUALA LUMPUR, January 30) The improvement in the industrial and leisure industry performance of I (IBHD, 4251, Main Board Industry Group) led to a 16.6% growth in net profit for the first quarter ended 31 January 2018 to RM24.48 million.

The income of the industry and leisure business has improved. The business in the first quarter has therefore grown significantly, increasing by 46.94% to RM 159,394,900.

According to the company’s statement, the first-quarter industrial development revenue increased by 51% to RM147,916,000. This was mainly due to I City’s continuing sales credit. However, due to adoption of the MFRS accounting code, pre-tax profit fell slightly by 2% to 2405. RM 10,000.

Unrecorded sales of 2.72.8 billion

I company's unrecorded sales for the first quarter of this year amounted to RM272.8 million.

(KUALA LUMPUR, January 31) i company (IBHD, 4251, main board property) has a strong performance. Analysts are optimistic about the company's value and attractive location and will benefit from urbanization in the outskirts of Klang Valley.



i's net profit for the first quarter of fiscal year 2018 increased 16.7% year-on-year to RM24.50 million. The company's earnings growth is intact and it delivers continuous performance. Despite focusing on a single location, it does not affect the company's strong fundamentals.

The property development business continued to be the major profit contribution of i, accounting for 96% in this quarter. Based on the company's introduction of Malaysian Financial Reporting Standard 15 (abbreviated as MFRS 15), short-term data may fluctuate, but long-term profit visibility is guaranteed under uncollected sales of RM273 million.

i company cooperates with Thailand retail developer Central Pattana to develop a RM805 million shopping mall, which will open in mid-November. The square has 940,000 square feet of space, and the main tenants include Sogo, Village Grocer and TGV Theatre. It will be a key turning point for the company's real estate investment portfolio, and the current contribution to the overall situation is still insignificant.

As for i's Best Western hotel, it had a higher occupancy rate in the first quarter, narrowing the pre-tax loss to RM370,000, and the turnover contributed RM1.5 million.

The report continues to be optimistic about the company's value and attractive location and will benefit from urbanization in the outskirts of Klang Valley. The report maintains the stock "outperform" rating with a target price of 91 cents.

Good news

Sleep to long

Cheers

Good

Declare dividend sure the price jump

Rubbish

Ini kalilah

Sc makan gaji buta

SC makan gaji buta...

Xinghe sponsor the trip for the small investor which interested

XingHe - Not a peanut story Year 2014
• XingHe is a peanut oil producer with a 7-8% market share in China, making it the 6th biggest in the country. China produces 40% of the world’s peanuts. • Profits of Henan XingHe for both FY14 and FY15 have been guaranteed by main shareholder, Testa Holdings, to be at least RMB135m (RM76.3m). • The company’s net cash alone is 6 sen per share. That is a whopping 80% of the last traded share price. • The company is investing in capacity, focusing on the production of peanut protein, a new market with good potential as alternative to soybean protein. • XingHe has the attributes to be a strong dividend play stock. It has a dividend policy of 15.0% payout, translating into attractive dividend yields of 5.1%-5.9% for FY15-16. • Share price is trading at a PER15 of only 3 times! • We derive a target price for XingHe of RM0.13. Our valuation is pegged to a forward PER of 5.4x based on a conservative 40% discount on the forward PER for small cap stocks of 9.0x.

This counter cannot play contra

Only up 0.015.....see Efficient sekali up 0.23 ...perghhh...... 3X more than DGSB price

What was happening to Xinghe @Ayam Tua?

climb up along the upper band is good

Hope the business good and project no loss money, then only can cover up the hole...