Yes, they should have published the Annual Report on 27 or 28th. November like they have been usually been doing for the past years. This year has been exceptional and strange as they have yet to do so. The question is why? Are they unable to get the auditor to sign off the reports? Or are they trying to massage some figures which had been detected by the auditors. My take is keep away when you detect such strange phenomena. We can all save the shit for themselves. Most Chinese investors or businessmen are realists and care only for themselves. KYY had 75% of his investments in Xingquan wiped out. Super investor made one big silly mistake in his investment life by believing massaged numbers churned out by Chinese. Cariyoyo was right that if Xingquan is such a winner then why Ooi Guan Hoe is holding just 75,000 shares. The answer is there already i.e. Ooi Guan Hoe being a director himself does not believe the account so he invested less than RM30,000 for his 75,000 shares in stupid Xingquan.
Hasn't been looking at this counter until I read rumour that it might be sold. A divestment at this price should be suicidal for the owner. Fellatarjonga said that owners can be local officials which can be true. But why at this price? Or can there be some private arrangements? Cariyoyo who has always been commenting logically in this blog can be right as well. Bank of New York Mellon is quite reputable and they can buy through Swiss proxies. So if the latest annual report does show foreign bank shareholders then something is brewing around this dumb counter.
I noticed that Ooi Guan Hoe bought 15,000 Xingquan and he is now holding 50,000 shares. I think if Ooi as a director is paying RM7,500++ as investment on this super winner share, we should already know the answer whether Xingquan is a cheat or not.
Pity those investors like KYY, Koh Kin Lip and many others.
Guan Hoe's number is 012-3911699. Call him to get new updates on this super stock.
Let us reconcile with two things here i.e. fact and fallacy and hope and false hope. In life, we will definitely meet up with people who will use facts to deduce issues and meanings while there are others who use fallacy. The fact put forth to us on Xingquan is the company has so much money but refuse to pay dividends to its shareholders which is the most important thing of investment. The fallacy to negate this fact is that the company wants to conserve cash for its future expansions. The second fact is that we have boozos buying Xingquan at RM1.30 and selling them by the drove at RM0.60. The fallacy to negate the second fact is that the shareholder wants to settle some personal committments with the sale proceeds. The third fact is that while the company has hundred of millions of cash it went ahead with a private placement which reduced shareholders value. The fallacy to negate the third fact the company executed the private placement to satisfy a shareholder. The fourth fact is that this shareholder dumped the shares after holding them for less than 5 months.
One can come up with all kind of excuses to justify an excuse. But no one can deny the fact that Ooi Guan Hoe being a director in Xingquan holds 35,000 shares only. If Xingquan is such a winner as some may want to believe it is, then why the hell Guan Hoe doesn't increase his stake to 35,000,000 at RM0.60 since he has all the information on Xingquan?
Let us not argue and produce false hopes to any potential investors.
Mukah was correct that Xingquan registered heavy volumes the past weeks. Fortuneball mentioned that the guy who was selling like tomorrow never comes is Xie Zhidong. Fortuneball also added that Xie Zhidong average purchase price was RM1.30 and he is selling at RM0.60 which translated into a loss of RM0.70 per share. Well, Fortuneball said that Xie Zhidong sold his shares at a loss for reason(s) better known to him. Unless Xie Zhidong is so hard-up for money for other use(s), I do not see any palatable reasons for him to do that. Assuming he has 30,000,000 shares and he sells at a loss of RM0.70 per share, it would mean he dumped RM21,000,000 away. Ironically, he just got those shares like just 5 months ago. Obviously he is not a long term investor or he just found out the reason why he should just dump Xingquan.
I read Cariyoyo's comments and it sounds logical. But my view is that no one in Malaysia with the right frame of mind will buy Xingquan given the disturbing news on Chinese based stocks.
I do agree with you on the various pointers you have pointed out in the past. I have read that MPHB Capital is a good counter for long term investors. It was mentioned that they have large tracts of land in Pengeran, Johor which has been identified for oil and gas explorations. The land around this area has sky-rocketed to as high as RM800,000 per acre due to the discovery of oil. It was also mentioned that MPHB Capital has valuable lands around KL and Penang which are open to JV with reputable companies. The owner, Tan Sri Upatkon is mopping up any available MPHB Capital shares even at current value.
What is your view on MPHB Capital? I would appreciate very much to hear from you.
I read comments from cariyoyo dated 12th. March 2014 suggesting to buy MPHB Capital if you have some spare cash. It was mentioned about some Italian insurance company buying up 49% of MPHB insurance arm. I see that this cariyoyo has some insider news on a few stocks like Coastal, IJM Land and Maybulk.
The various points pointed out by forum commentators on Chinese-based stocks are valid. I have conducted extensive studies on Xingquan as I have invested quite a fair bit of money in it. In fact, my investment shrunk 55% from my original investment. Likewise, I believe Mr. Koon had lost considerably as well. Xingquan's inability to pay dividends to its shareholder is a red flag and irked all of us. And those excuses given by the Chairman were lame and could not stand scrutiny. The only consolation that I have after conducting my personal extensive investigations on Xingquan is several major shareholders are reputable individual viz:-
a) Mr. Koon Yew Yin, holding 30 million shares which constitute slightly more than 10% of Xingquan's paid-up capital, b) Dato Koh Kin Lip (a major shareholder of Coastal Contracts and a savvy investor) c) Madam Lai Poh Lin (a director in IOI Corp) and d) New York Bank of Mellon (holding 8% of Xingquan)
The various points given by the Chairman to Mr. Koon were like old broken record and to an extent, excuses of not paying dividend. Either they are real or the money just isn't there.
Another point which "cariyoyo" pointed out was that if Xingquan is so good, why its director Ooi Guan Hoe is holding only 30,000 shares???
Thank you for your update and explanation on Xingquan which I sincerely think it is timely to dispel investors' doubts on the company. Dividends is definitely a must as investors invest to make money and if the returns are so miniscule or worst than bank interest then it is best to park your money some where else. The free warrant news is definitely a breather for every Xingquan shareholders if they do approve it.
On simple calculation and if the money that Xingquan is making and conserving, we should buy and buy as the value is far more higher than its current RM1.01.
what's your comment on Coastal Contracts, Mr. Koon. I noticed from the latest annual report that your buddy, Dato Yap Lin Sen holds more than 3 million shares in Coastal. Do you think Coastal is a better bet than Jaya Tiasa?
I noticed that you have correctly predicted the rise of Coastal Contracts from RM2.20 in May 2013 or earlier. You have also predicted the rise of KSL Holdings. I note that you are predicting stocks like P&O and IJM Land. What make you so sure that the deal in Mexico would not turn sour for Coastal? Anyway, you have predicted Coastal correctly since early last year and hope you are right this time that it will hit RM6 before end year. Looks like Coastal Contracts is in a more stable condition than Jaya Tiasa going by KinSoon Kok's reading / analogy.
I went through Xingquan's annual report after reading your comment on Ooi Guan Hoe. He holds 25,000 shares as reported and perhaps he bought another 5,000 shares recently. I have also invested a fair bit of my money into this counter and asked a few Chinese businessmen about its activities. The feedbacks I got from my friends in China were mixed.
1) you will never find any Xingquan products in Shanghai, Beijing or Tianjin. In fact nobody has ever heard of the brand Addnice or Gertop (they changed the brand name to Gertop in 2012).
2) why would one change the brand name after serving the market for umpteen years? Besides, you need to to spend money on advertising etc. etc. Why waste such money? Some say is to enrich their own relatives but no one can be sure.
3) the company is owned by Iao Ieok Chon (a mouthful to pronounce his name). He is the husband of Ng Sio Peng, the brother of Wu Qingquan (chairman of xingquan). Iao is the one who calls the shots. He is the man behind xingquan and all other directors listen to him. Question is why he doesn't want to be in the board?
4) there were rumours that some of Xingquan shares are held by some local councillors in Fujian. These are the ones who barred them from giving out dividends. In fact, they are also holding shares through proxies in most S-Chips.
1)Apart from Koon Yew Yin, Dato Koh Kin Lip and Lai Poh Lin are major shareholders of Xingquan. Dato Koh holds 4,729,300 shares through himself and Rickoh Corp while Madam Lai holds 2,228,000 shares. Madam Lai is a director in IOI Corp.
I read your article with interest and noted that you are generous in sharing and parting your knowledge on share investments to all and sundry. For most average Joes, money is hard to come by and most will think twice or thrice before investing as investing into any shares would require money to be parted. I have been following your comments since 3 years ago and I have also followed your various purchases like Xingquan, Rimbunan Sawit, Evergreen and most recently, Jaya Tiasa. I have also known a few friends who purchased J> Tiasa when it was around RM2.45 and they were flabergastaed when it went down to RM2.10. They were all bombed high time. Having said that, I believe those who came up with ridiculing comments could be victims of buying J. Tiasa at RM2.45? But I believe share investments requires astuteness and patience in order to be able to make money. Selecting the right stock like you have been talking about is a must too.
Xingquan is now RM0.895. I noticed that you and your relatives as well as friends were still holding more than 30 million shares. Are you still holding them? I sincerely hope so as I have invested quite a fair bit into this counter. The issue with Xingquan is that they can't give dividend despite reporting EPS of more than 30 sen.
You have also mentioned Coastal Contracts and I made money from it.
please be reminded that oil palm planting on peat soil land would require special and excellent drainage management in order to ensure water are properly drained. Flooding would not be of any good to palms planted on peat soil. Wilmar has put in place a policy not to purchase palm oil from peat soil planters and this would not be good for J Tiasa. In fact RSPO has endorsed a proposal that no peat soil planting deeper than 3m. This is another dampener to majority Sarawakian oil palm growers. J Tiasa would not perform unless if you are prepared to sink your money in for 3 to 5 years.
You should consider mopping up Riverview Rubber Estates instead of hedging your bet on Jaya Tiasa. The dividend from Riverview is 20 sen per annum or it works out to be 4.728% yield on the back of RM4.23 per share. It is better than prevailing bank interest rates and the price is stabile. The estates are in Tanjung Tualang, Perak and the palms are yielding reasonably well. But it is a slow coach unlike speculative stocks like R. Sawit, J. Tiasa. I remember a friend of mine holding KLK shares at RM2.83 in 1987.
What do you think of holding long term vis-à-vis your present outlook?
From the comments, I have concluded that Mr. Koon is extremely confident on Jaya Tiasa and he has proven his confidence by buying millions of Jaya Tiasa shares. This goes to show that he is confident on the counter as he is using hard-cash to buy the shares. On that score, we must take our hats off for him as he is merely trying to tell all of us that Jaya Tiasa is a good share to invest if we are interested to make money. However, if we choose not to believe his prediction, then we can choose not to buy Jaya Tiasa and invest into whatever share that we think is going to be a winner. So, I sincerely think that there is no point in ridiculing Mr. koon as he meant good in the first place.
I have been informed that the counter is due to some purchases from LTH and a few GLCs. Counter is expected to move up due to expected new businesses coming on steam brought about by the O&G theme. I have also been adequately informed that the owner is increasing stake.
I noticed that koon yew yin advocated a strong buy call when it was around RM2.30 and the price went up to RM2.50. However, I certainly believe an astite investor like Koon, he must have bought millions at much lower price before letting the cat out from the bag. Imagine if he bought J Tiasa at RM1.75, which I believe he did, how much money he made selling the shares at RM2.50 or even lower at RM2.40? Be that as it may, I think he is still keeping his shares. Koon can be contacted at firstname.lastname@example.org You guys should write to him seeking clarification on this gem?
jtiasa has hefty loans. I do not think it is good on short term but maybe good for a much longer haul. however, the dividends is pittance and does not entice investors to invest in it to have their money locked up for a long period. is best to look into other stocks like coastal, p&o and perhaps ijmland.
it was rumoured that there is a possible jv between coastal with a O&G giant on a piece of land in Sandakan. the O&G giant is taking up coastal shares since a few months ago and they are still taking up by way of holding down the price,if possible. announcement may be in feb.
i have just went through the annual report of xingquan. i have noticed that koon yew yin, reputable investor who encouraged investors to pick jaya tiasa recently has more than 10.16% through his self, daughter, koon cze yan, other family members like tan kit peng, tan kit yew and yap sung pang. for some reasons, koon yew yin thinks xingquan is a winner. having said that, koh kin lip, a major shareholder of coastal contracts is also holding substantial portion in xingquan. the other prominent shareholder is lai poh lin, a director of ioi. my question is what they see in xingquan that we don't?
cariyoyo was right! Maybe foreign investors are buying into Coastal or perhaps they are giving out a huge dividend soon. Something must be cooking with this counter. Borneo1981, you were wrong on this one.
I was going through the comments written by yarious people. I note that cariyoyo commented that coastal will be RM3 in 4 months. he posted his comment on 13.05.2013. cariyoyo also commented on ijm land and p&o that prices will be firmer within the next 3 to 4 months. all comments were posted in may.
i concur with the views given by cariyoyo and balvin71. most top 30 shareholders of rview are old folks who might have been holding the shares for 30 to 40 years. they are not interested to sell but to pass on to their children and grandchildre. these old folks are expecting dividends every july and january for their beer monies. the price will drop if rview could not sustain the 20% dividend payout. rview is a small outfit and they should find ways to expand its planted areas. but again, i doubt they have a visionary management.
cariyoyo, you deserve the muacks from JaniceLove. Maybe you need to be physically given one too! You have predicted the upward move since April. What's your target should it reaches RM3.50? Looking at it, IJM Land may soon hit RM3.50.