Not too worry lah, as I say Buyer+seller=market. A is not B and vice verse. Sellers are betting an outcome of csl is a PN17, my bet is otherwise. See those bounce back after the low, XDL and today HB Global, Up 20%. "Sell high & buy low" ! anyone. the money is staring at u can u see it ?

hi morning everybody,

1) Yes, i'm still holding my csl tightly, current holding 200k shares at rm0.225 each.

2) Yes, I agreed to the many valid questions raised and theedge magazine dedicated a whole page on csl recently. In fact I come to be a buyer after I read that article. after doing some homeworks and looking at the PRICE . came to conclusion that it might just make the sky rain for me (duit). here is my rationale (oh, I don't have insider info);

a) Why major shareholders sell if it is a good stock? Ans: I ask at what price, those shares CF sold at higher than current price CF is smart, but is he still selling more shares at RM0.225 now? in fact the recent Buyback of 10m shares was at these range (RM0.20 to RM0.22 approx.) ask why he buyback? I want to know also. the holding co of csl had been disposing a massive amount that crashed the stock price to current level, from 74.8% to < 30% now, pushing further lower they risk losing control of csl. The recent demise of CEO could be one reason. Do we know who is the buyer of those big block, it is off market or not?

b) Stock trades below cash happened before and still happening now as we speak, one e.g PMC (eventually move from rm0.07 to rm0.22 now) people aslo debating now In this website. Some major shareholders are just not too bother about short term price changes, but eventually they are, they sell u high, buy you out cheap.

C) as I shared before, I looked at some critical financial ratios and trade info, it looks acceptable to me, or not totally out of range..

To good to be the "TRUTH" ? Whether you believe random walk or EMH, they're both Nobel's prize winner. We can go on and on..., at the end we're dealing with probability not certainty, risk/reward profile and some encourage to take the plunge and I'm still Q to buy below. OKay, I'm more toward longer term trader, say 6-9 months. everything being equal if nothing too bad or too good happened to csl, I still work out nicely with the dividend that easily beat the street.

P/S, HB's special auditor found the missing cash, confused! heehee

ytl tp rm1.8, gathering steam...

csl no price action, holding well!

I think we should encourage participants share their thoughts, as long as they're responsible thoughts.. come' on, be realistic, this forum is not going to make csl to go up or go down.. agree or not..hehe

Come here to share some thoughts , hopefully those thoughts turn into gold. everybody have some funs and make some duit.

oh, not buddy, ytl is not buy csl, what I mean YTL is potential trading bet...excitement !! sharing trading tip only..hehe

EPF turned buyer in YTL, earlier day, watch out..

csl is PRC's WOFE, cash park in PRC. it explains partly why only pay dividend, I suspect the recent 10m share buyback is from the proceeds from disposal of Pelikan.

Objectivity is crucial for sound's decision making for investment choices. wear clear glasses without any color imposed, then the vision will be clear also. The current price is already factored in a lot of bad news and the reality must not really be as suggest by some homeworks. It is better to have a clear trading plan with careful thoughts than pure speculation, that is the divider between win/lose trade.

Trading is not a get rich quick scheme, with the right discipline it should make u wealthy over time, it is the motto follows by many successful traders alike. Don't expect it to go up immediately after u bought it, because it is most likely not. sound confusing, I think it is, because trading is just too difficult for many. Good fortune!

CSL is a real business, one of the Top stationery producer in china (if u're top in china, yr scale is also probably top in the world). there are many reasons for traders to buy & sell, but only one way to profit there is "sell high or buy low". Take the emotion out of the equation, csl is clearly a screaming buy.. consolidation at low price = smart money accumulation.. for me, Q to buy remain intact. see u at the high and don't wait till too late.

laggard finally turning up, slow and steady..

csl in coma... all become long term players, come'on don't pretend, come out now..hee. consolidation in progress..

catch up play come'on baby..

oh, forgot, ask CF to kiss all asses of the buyers, if he did not make the price to go up, because CF is one of them..heeheee.

hee, nothing superstitious, just value investing, betting the book is better than market perceived that all. my TP rm.60 i.e 3x pe, if book is badly cooked up, downside PN17... which is about now, then all the restructuring, screaming for blood..one big plus stationery business is a profitable venture ha,

unless u're in Europe..like pelikan losing his shirt still want to continue the business, business sense..be a contarian don't buy high and sell low, now is low, u still want to sell..like nobody business because some other like HB is claiming life of many..

Trading is high risk..on the downside and upside. "make more lose less" buyer+sell=market..

sellers/buyers knocking horn, no side is clear to claim winner.. for me buy q is still on.

oh, maybank recommended insas, good value/chart pattern, q to buy..hee.
ytl inching up..

sprung back to life, top 10, monkey show is on, testing the sellers, what you see huge vol on top and a hidden buyer below. volatility expected...

hexza ! care to drop some buy points/nos. ? thx

hi, epf aslo do trading, one of the biggest long term trader in bursa, it will be a buyer again. may be a portfolio rebalancing act. I'm a buyer at this price.

i'm look at ytl, limited downside, value big cap, q to buy.

Narra is in alert zone, value/chart wise..i give it a miss.

G.Packet, yes, on and off try to sell itself, awaiting for a good price to get in... if cannot sell P1, it needs cash to carry on. high capex to stay in the business, (bond&right).

consolidation.. as expected.

searching for the next possible subject.

buy q not done, sale is over..?

The auditor is a credible one ! but the weigh is all depend on the subject. At 0.22 it is already a PN17 price, unless some say stationery business is a sunset business..at least not at the movement.

Price action these few days is actually positive, the selling momentum is losing steam, base is forming, consolidation expected in the near term, before upside is enable.

not volume is good volume as the past volumes are sell volume. Sellers are being taken out, no more big sellers want to sell at this rock bottom price. market is two ways ticket, after the bear got his way, it is about time bull got his way...bear, bear, bear now bull bull bull...

buy q not done, no price action, dust is settling... true will be reveal soon..

market's snake bite u twice if u buy too high or sell too low.

we put down our bet with reasonable chance of winning and stay put till the market reveal the cards, if u're wrong u admit it (cut loss n run), don't get too emotional. It should not be the only bet u have, because u're trading not gambling. U lose some and make some, make sure what u make is more than what u lose. don't leave too much money on the table if u're winning. admittedly, trading is a tough business and is a business make most of us alive not just live. good fortune.

All the answers ? that is a million $ question. hee.. We can only work with bounded information and logical rationale. some notable foreign funds are in albeit small (at a price much higher), I wonder why they're in and whether they're still in.. I also wonder whether CF will still want the IPO at this range ? I want to know more b4 I can sell all or buy more... good fortune.

yesterday, I look through some of the numbers in the financial reports and peers' comparison within the industry. Just to share;

1) margin, b4 I was suspicious to see >20% NPAT p.a, but I look at Asia file, it was quite similar to csl. Csl local sales (PRC) margin should be around 7% similar to its china peers, Export sales (70%) of total sales should be similar to it peers (20%) plus, csl has patented products i.e command a higher margin.

2) Debtors, also similar to peers which is 3mths of sales.

3) Cash, it is the wild card, Interest income suggest a lower average balance of Rmb1.1b !! (RM550m). 90% cash missing is just a blind joke!!

After doing some math, I'm quite convinced that it is a deep value buy, the reality is far from the true (NOT that bad). So, I Q 2000 lots below. When do I throw my towel? PN17 !! As the saying go "U can not invent, if u do not try" In the financial world I look at the risk/reward proposition. This Csl seems to be a good try..b4 the jury make the decision, all is just noise, do not let it distract u.. good fortune.

look at it as a business, at 0.225/share, it is a bargain. I'm in for the long haul till proven wrong. Make your own decision, right or wrong, u will learn from it and make u a better trader than the rest.

Good fortune !

the jury is still out there, don't call it a day yet. It won't be a PN17 till the next auditor's report. i.e 2014 may, if only if there is something amiss... but at this price a hostile bid is possible.

I think it csl has a investment case, think of it how bad can it be because it is already so bad...really bad for those bought earlier during IPO.

It still has it factory, land, brand, international network. etc

do u really need to show 1B cash to look good, 500m will do.
do u really need to show good profit and pay millions of taxes on it.
Many questions need to be answered...but it has a bad publicity and traders link it to HB, but at the end of the day it might not necessary be that..

On the potential upside if traders are just got over worried, it can go parabolic.

holding well, the market is not worry. poise to up on track.

bought 2000lot @ 0.225 and heard 90% cash is missing...? factored into the price ?