Posted by AC Gan > 2015-09-01 16:31 | Report Abuse

Apollo & Cocoaland are much stronger than LonBISC..!

Posted by m00077 > 2015-09-01 16:35 | Report Abuse

Very good comments. I feel it.

Posted by NOBY > 2015-09-01 16:56 | Report Abuse

Nice one. I think KCChong has written extensive warnings about this co. A few things:-
1. Retained earnings cannot be used to clear borrowings. Only cold hard cash can do that.
2. Receivables increasing is problematic, but it needs to be looked at with the context of sales since some companies may report increasing receivables but with increase in sales as well.
Use this metric instead to judge if the company is taking longer to collect its receivables

Days sales outstanding = 365 / (Current Revenue / Avg receivables from current year and prev year)

Posted by goreng_goreng > 2015-09-01 17:05 | Report Abuse

management really creative manipulating their income statement + fabulous sweet talk in reports. So much traps, im so scared.

Posted by RicheHo > 2015-09-01 17:12 | Report Abuse

Noted! Thanks NOBY! :)

Posted by glorymas > 2015-09-02 09:42 | Report Abuse

very good report! thanks for sharing~ _/I\_

Posted by ckwan11d > 2015-09-05 05:25 | Report Abuse

Mr RichHo, most of the local investors are at sea most of the time. Playing the role of a light-house, I ought to express my gratitude to you. You are so youthful but your sharpness in analytical skill out-shine many other stock analysts in whatever research houses.

Keep writing. Your excellent (and near masterpiece) works would at least let the investors, in general, to think thrice before risking their monies in the share market.

- 这是华社的福份...

Posted by ckwan11d > 2015-09-05 05:35 | Report Abuse

I am not apple-polishing. I know at least one person who still holds on his shares for more than 10 years since the days of his purchases. His 'invested' capital was, and still is, quite a major portion of his life-savings.

Posted by RicheHo > 2015-09-07 11:30 | Report Abuse

Thanks glorymas and ckwan11d for the compliment. It is my honor :) I will keep it on with my effort.