saafar

We are of the opinion that Team 3 is leading the direction.

The Ghost.

999

The buyers are ghost buyers, you won't see them on que.

The Ghost.

999

Your wish will comes true.

The Ghost.

999

We are of the ghostly opinion that you should be biting it like a ferocious and aggressive dog. Never let go unless you see blood and pain.

The Ghost.

9963 & 999

The Ghost loves your sense of humour. Fyi, we applied to extend our stay on upper ground. As such, we will continue to offer our thoughts on this company now before we decide to move to another "worthy" company.

We never charm and we never bite, we gives what we can never enjoy @ tingkat -18. The more joss sticks offered, the more merits we give out to sophisticated readers/investors.

The Ghost.

Hi

The Ghost is a spirit/soul bystander in the underground financial market. The Ghost can hear conversations, can influence certain undirected decisions and can dictate hearsay without much thoughts to it. We are not a person.

To your question - no, we are not an ex employee.

The Ghost.

Potential Business 1 - Trading of Nitrile Glove Business

The management have already discussed and will abort this potential due to the business nature.
The Ghost think this is a correct strategy because of the following;

1. ASP have been lowering from earlier SPOT of USD100-120 per carton to the current USD40-50 per carton. (pre Covid19 pandemic - USD20+)
2. Trading of NBR glove businesses - is managed and controlled by certain groups and its not easy to penetrate into it unless you are the manufacturer in which case a lot of wannabe whom earlier wanted to venture into, is now stuck with challenges unknown to them.
3. ESG challenges have been giving a lot of stress to this industry - new cost in compliance requirement - migrant workers wellbeing, strict certification and regulatory requirement, digitalization of automated components etc.. the list goes on.
4. Lastly is competition - The Big 4 in Malaysia is increasing capacity, China is increasing both - new players and capacity, Thailand is increasing capacity as well. Without technology and supreme head start, newbie won't make any inroads into the business, most probably road to meet me @ tingkat -18.

The Ghost.

Topic for Discussion

It was make known recently that Cnouhua Turnaround Team 2 (Malaysia) was considering the following POTENTIAL business propositions;

1. Trading of Nitrile Glove Businesses
2. Export of King of Fruits "Durian" to China
3. Fintech Platform
4. Project Development

Which of these do you think its viable given the current economic and improving conditions?

The Ghost.

The Ghost will not push for shows, only commentaries.

Alternatively, we can offer you 4D numbers for your enjoyment. Ghost have many friends. Offerings are encouraged.

The Ghost.

Commentaries only available @ auspicious months.

The Ghost.

oh ya,

Need to chip in this statement from the Management... cute yet classic..LoL

As at FY2020, the company have cash balances of RMB8.49 million with NO external borrowings.

The Total Current Asset is RMB163.63 million vs Total Current Liability of RMB 2.63 million.

So, they said they can finance their current working capital for the next 24months without sweat...

(well, for the last 9 years = i) what need to impair, have impaired - be it inventory or stocks, ii) need to write off, have written off, iii) need to close down unprofitable business/subsidiaries, have done so and lastly iv) new fresh faces and shareholders are coming in, its still biting the shares from open market)

The Ghost

Good news today.

It seems like the Board is proactively assessing viable business opportunities through their Turnaround Team 1 and Team 2 strategies.

The company, being no outsider to the China retail & mass consumer based market is a GEM to many manufacturing and FMCG business, not only in Malaysia, Singapore but across South East Asia region. Many know that its always challenging to find your ways to do business in China, so a reliable and go-to local partner is handy.

As businesses picks up, many will ride on the company's network in China (trustworthy partners, locations, access to regulatory as well as business organizations). Similarly, it work both ways.

Distribution of China products in Malaysia, Singapore & other South Asian countries is another key channel i think most people omitted it inadvertently. If Cnouhua can bring in Covid19 related supplements into South Asia, then boom! I think Team 1 in China have the network and access, just timing issue.

I think the other interesting facts on hand are the existing channels available to transfer funds. Think deep and you will catch it.

These are just my Ghostly opinion and it should not be interpreted as an opinion to invest.

Price now is just 6cents. They have been dwindling at this region since July 2012... so about 9 years. Ripe time to bounce back to its glorious days. So good time to keep? yes indeed.

Watch out @ next 2 quarters. Could be eventful.

The Ghost

some actions today and tomorrow hopefully

results announcement should be out anytime soon

slow and steady with healthy volume building up

fantastic closing, another 3mil shares today

where are the sellers? sell more at the current price 5cents.

someone need to eat up the 8mil shares

every year, august is the month

more shares are acquired

another 3mil shares today...

Zhang Li is out indefinitely

have been tracking the shareholding ownership for the last few years... original promoters is reducing its stake and new names are seen

the Board continue to say..... "The Company would take a number of measures to reduce operating costs, such as reducing labour costs by avoiding unnecessary positions and pay more efforts to save various expenses of the Company, and strive to increase sales revenue. The Company has also been actively looking for a new area suitable for the Company's development"......

according to the Board..... "The land title ownership transaction is near to completion because the land element transfer procedures had been completed. As for the real estate element, it was still pending because it is a state-owned asset and required more complicated procedures. Upon completion, the Company would be able to get the real estate certificate.".......

Going to wake from coma soon, bought 3mil shares today