Posted by Chinaboleh > 2016-05-14 03:56 | Report Abuse

Hiu they listed here because not qualified to list in China. Many more in waiting list.

Posted by Amit Khindriya > 2016-05-14 06:16 | Report Abuse

Can the Audited FS from these companies be trusted?

Posted by Hiu Chee Keong > 2016-05-14 08:30 | Report Abuse

Buy Maxwell 1million shares, RM20k, then nominate and vote yourself into board of director, and you can claim your are in borad of director in a BSKL listed company. Don't worry, 99.99% of the people won't know it is a lousy rubbish company, they only will impress with your title, and get your more credibility and oppurtunities in business dealing.
- provided it didn't go bankrupcy or delisted, try at your own risk :D

Posted by TheContrarian > 2016-05-14 08:33 | Report Abuse

Audited FS are not of international standards. Everything based on directors certification eg. inventories, cash, properties. No physical inspection or external independent confirmation.

Posted by Icon8 > 2016-05-14 10:45 | Report Abuse

Please find out whether auditors like RT LLP, BDO etc recognized internationally.

Amit Khindriya Can the Audited FS from these companies be trusted?
14/05/2016 06:16

Posted by Icon8 > 2016-05-14 10:51 | Report Abuse

If Maxwell double to 4 sen after suspension you double your RM 20K bet to RM 40 K gain of 20K in 2 months. How many months you need to work to get that salary?

Hiu Chee Keong Buy Maxwell 1million shares, RM20k, then nominate and vote yourself into board of director, and you can claim your are in borad of director in a BSKL listed company. Don't worry, 99.99% of the people won't know it is a lousy rubbish company, they only will impress with your title, and get your more credibility and oppurtunities in business dealing.
- provided it didn't go bankrupcy or delisted, try at your own risk :D

14/05/2016 08:30

Posted by kser > 2016-05-14 10:55 | Report Abuse

To be fair, most of these companies did hv share split before, hence the current price seems battered down.

Posted by Icon8 > 2016-05-14 11:00 | Report Abuse

All are battered down if follow Hiu blog whether they got split, bonus, etc. Wonder who cut loss?

Posted by TheContrarian > 2016-05-14 11:13 | Report Abuse

The Auditors of the listed companies depend on the "audited FS" of the China subsidiaries which are audited by substandard auditors.

Posted by Hiu Chee Keong > 2016-05-14 13:54 | Report Abuse

Icon8, even if you take consider of the share split and bonus share, most of them still way below the price, and most of them are at very low price, what's the point of splitting it at the first place, making already cheap share more cheaper ? something fishy, that's why mutual funds did touch these shares, and research firms also seldom write analysis on them. i actually did invest in some of them, after all, just few cents, losing all also doesn't matter, if it suddenly double or even 5x also not surprise, like before this when CSL and Cap was talking with foreign brand partnership, but eventually failed and shares price drop back to low.

Posted by Chinaboleh > 2016-05-14 16:37 | Report Abuse

TheContrarian probably time(deadline 30th Annual Report must out) is the one causing it. Also more money involve since auditors are from Malaysia whereas the listed companies is in China. Anyway past few years many of those companies failed to submit annual report on deadline day(this year is Msports and Maxwell) perhaps tackle some of the problems you highlighted. 2 years ago was CSL case.

Posted by TheContrarian > May 14, 2016 08:33 AM | Report Abuse
Audited FS are not of international standards. Everything based on directors certification eg. inventories, cash, properties. No physical inspection or external independent confirmation.

Posted by TheContrarian > May 14, 2016 11:13 AM | Report Abuse
TheContrarian The Auditors of the listed companies depend on the "audited FS" of the China subsidiaries which are audited by substandard auditors.

Posted by tony89 > 2016-05-14 19:47 | Report Abuse

hck, may i know how to check daily NAV?

Posted by Hiu Chee Keong > 2016-05-14 21:36 | Report Abuse

Tony89, here's the link : http://www.cimbetf.com/index.php?ch=ch_etf_my&pg=pg_etf_my_xinhua&ac=43
China market is quite volatile and uncertain now.

Posted by shortinvestor77 > 2016-05-14 23:10 | Report Abuse

HCK, you purposely miss Xinghe stock?

Posted by Hiu Chee Keong > 2016-05-14 23:39 | Report Abuse

Shortinvestor77, oh no, how can i missed Xinghe ! Thanks for pointing out :)