...and now with a market price of only RM0.40, he is sitting on a paper loss of RM12,829,620 !

Taking a median price of say 58 sen, this would mean that he would have lost a cool RM5,423,174 in the span of less than 3 months! Ooouch....

Surprisingly, he sold at prices ranging from 65 sen to 50sen since 7/8/2014 in the open market even though the private placement issue price he paid was RM1

The private placee, Xie Zhidong, cut his private placement block from 30,733,000 Xinquan shares to only 21,382,700 shares, a net disposal of 30.42% of what he used to have!

To make the matter worse, another fund manager, Kas Bank Effectenbewaarbedri from The Netherland cut its holdings in Xinquan from 4,472,943 shares to only 1,285,843 shares, a 71% disposal of what they used to have.

What is worrying is the fact the Bank of New York Mellon trimmed its holdings in Xinquan drastically from 22,398,031 shares to 17,319,400 shares, a disposal of 5,078,631 shares or 1.62% from 2013. And the trend is continuing because they are still selling through HSBC

That is still ok as it is only 448,500 shares short considering he is a "long term" (by virtue of kena stuck) investors

As a matter of fact, KYY has 25,700,800 Xinquan shares in 2013 through himself, Koon Cze Yan and Yap Sung Pang. But he only has 25,252,300 shares in 2014 and he disposed off 448,500 in 2014

I disagree with Rabbit2 that Koon Yew Yin increased his shareholdings in Xinquan, based on the latest Annual Report 2014

Let's see my info chun or not come this 5/12, ok?

Don't bullshit lah, Dato Wu was in China this November and December lah. He just told me the AGM is on 29/12. Announcement of noticeof AGM will be this Friday!

If you look at Mr Koon's wealth, you should realize that he is not a one trick pony. He may have some dry spells currently, rsawit is a bad call, Jtiasa is not such a good company and his investment in Xinquan is disastrous, and typical of a person who is over-confidence. However, do not doubt his ability to recover. He has done it again and again and he will do it again. With so much experience in business and investment, not that many people has such a good business acumen. Currently he may be making mistakes after mistakes because some of his fundamental assumptions may be flawed, and that will just happen to everyone. He has proven again and again in the past that given time, he will come back with a vengeance.
We should take his mistakes as a lesson.

Mr. Koon is a kind hearted man and well respected in my hometown. In business, some time you made mistake. Lets only judge a man whether he is successful or not, not by how many mistakes he made but by the number of successful feats he has done. Net net, more successes than failures, that mean you are on track!

Tepid volume, only buyer probably is the director of pohuat

The stock velocity scenario probably explains why SS661M made more money in Hevea than his Latitud or Homeriz, simply because one can "easily" get in or out in a stock without much premium or discount

And if you do "stuck" with a stock with big holdings, the only thing you can do is to sell at multiple bids lower just to get out. That means weaken shares price to recoup your cash

Hevea's 200-day average trading volumes is 732,110 shares, Homeriz 89,230 shares and Latitud 93,125 shares. For stock traders, the velocity of a stock is as important as the fundamentals of a company. I am sure you do not want to get "stuck" with a big holdings in a stock that you cannot easily dispose to the open market, right?

Other furniture stocks like Latitud or Homeriz may be as good as Hevea if not better, but the duo lack market volume in their shares performance.

That is a solid 69 sen or a 40% upside gain from now to Feb 2015

At today closing shares price of $1.73, the forward PE is only 4.98x. Given an undemanding PER of say 7 times forward earning, that will be $2.42 by Feb 2015

Q4/13 Hevea made EPS 10.64 sen or a net profit of $9.6m. Traditionally Q4 is the strongest quarter for Hevea. I won't be surprise to see the Q4/14 in the region of $13m or EPS 13 sen, thus giving a full year EPS of 34.69 sen.

no problem, you are new ID, so your impartiality is in question

and Latitud as well

good luck to you. Hevea shareholders already laughing all the way to the bank

yes let this forum be only HEVEA please

That is the difference between us and them. They see things we don't. They buy when we are hoping it will go down further....

Thanks wikileaks

Jul 16, 2014 08:50 AM | Report Abuse
Accumulate under $2.90

Easily made $1 in less than 3 months

Dying stock, no vol at all ...

Not with 100 lots done for the whole morning...

wah All-in for hevea

Maybe they are the buyers now at 0.50 level

Full of rationale and reality

Saltedfish, I have been following your postings and I must say today's is the best comments you have made. Syabas!

@dlsh2, do not look at things on the surface only. Please note Xie Zhidong also received close to 15m WA because of the free warrants issued on the 1:2 basis. This itself is already worth a few million ringgit

the cash of $1.77 per share and PER of less than 2 times is a steal, provided the FAS is real

wah 1.92

1.90 cleared

只看volume and price up, 虽不中也不远！

candygirl and suzuki yamaha honda gang should have learnt a lesson by now, and lost a golden opportunity to make money.

得饶人处且铙人，无须处处逼人

From my broker : EPF is buying these two days

what is 2 sen down considering the run up from $1 level. At present price it is still a bargain

Look at the volume, it is less than 500k shares traded by now despite the big volume the last few days. This means all the shares are in strong hands. The Q2 results must be very good

Look at the volume, it is less than 200k shares traded by now despite the big volume the last few days. This means all the shares are in strong hands. The Q2 results must be very g

Thanks Kannibu for the analysis. I see both value investing and market play themes are present in this Hevea. I am raising my wager

What a spoiler by the air strikes

Bonus Issue coming?

Thanks but no thanks

Hi suzuki abd candygirl, we have our own assessment of hevea. Appreciate if you can respect our decision and do not post unnecessary opinion here. Thanks

Hulk, I see that you read the fine lines. Yes, only $4m out of the PP is used to repay the bank borrowing, as the outstanding is already so little. The resumption of paying a 2% dividend this Friday is the loudest indicator to the market that whatever balance outstanding bank loan is so negligible now.