Posted by fatty_tang > 2017-09-05 22:56 | Report Abuse

Why only xinquan? Most other locally listed chinese companies also has tons of cash

Posted by paperplane2016 > 2017-09-05 22:58 | Report Abuse

Hehe, shhhhhhhh

Posted by Alex Foo > 2017-09-05 23:21 | Report Abuse

why uncle want to sialang? why why why?

many flowers out there~

Posted by Whey Whey > 2017-09-05 23:23 | Report Abuse

Because his EGO so he cant admited he make a bad invest lol

Posted by paperplane2016 > 2017-09-05 23:24 | Report Abuse

Icon. Don't think like investor loh! Remember koon said he is businessman. Think like businessman now! If businessman want to list his company, how many money need to spend? On top of tables plus under the table one?

Think like businessman now OK? If got deal, it is good deal for the one who takeover loh

Posted by paperplane2016 > 2017-09-05 23:26 | Report Abuse

And u too drama loh, watch too many Hong Kong drama is it.

Posted by paperplane2016 > 2017-09-05 23:28 | Report Abuse

Koon own 86.9mil as per article, that is 17.9%

Posted by pang72 > 2017-09-05 23:28 | Report Abuse

Uncle stated that he has visited Xingquan factory at China. So, some thing is brewing. He knew something? I am highly respect him if he won this battle. It is very interesting to know the end result!

By the way, look like Red-Chips are starting the "goreng" game...

Posted by paperplane2016 > 2017-09-05 23:33 | Report Abuse

He will need another 33.1% to reach 51%. Count the money see. Or another 82.1% of485mil shares, that is another around 20mil ?? Even his existing shares go to toilet, for his wealth, that is tiny loh. As good as one month fixed deposit interest only maybe

Posted by Alex Foo > 2017-09-05 23:36 | Report Abuse

uncle koon really that kaya? it will be so sad if it burns up =(

8billion FD @3.3% = 264million p.a.

= 22million per month

wah~

ok i go sleep liao

Posted by supersaiyan3 > 2017-09-06 00:23 | Report Abuse

Icon8888, good one. Can't agree more.

pang72, this KYY has been forgetting things. He already admitted it was a mistake to invest in Xingquan. It has been established as a fact the management put up a show when investors visited the factory. It's all fake! The workers, the receptions, the shops, the plans and the money.

His cousin probably same level as him.

Posted by supersaiyan3 > 2017-09-06 00:40 | Report Abuse

They stopped updating their website long time ago. The mastermind has moved on (for other projects), wake up, uncle Koon.

Posted by choop818 > 2017-09-06 02:06 | Report Abuse

I believe KYY has a message for you. Think about it.

Posted by choop818 > 2017-09-06 02:23 | Report Abuse

If Xingquan is relisted, I would take it, as a gentleman's honour, that those who have condemned him so freely, will refrain from buying it - how tempting it might be. I think KYY will enjoy this more than going to the bank.

Posted by tenmil > 2017-09-06 02:35 | Report Abuse

At price close to zero, it will be an interesting arbitrage play if BSKL and shareholders have legal channel to seize the assets or bring justice to the directors. And auditors. And Perhaps the promoters too?

Posted by tenmil > 2017-09-06 02:43 | Report Abuse

Or BSKL and the shareholders just gonna happily roll over and die? Seem like no one has been penalized for the public rape except the shareholders.

Posted by gohkimhock > 2017-09-06 06:13 | Report Abuse

神是他鬼也是他..

Posted by Albukhary > 2017-09-06 08:31 | Report Abuse

CharlesT, good analysis, we need fact and figure like what you just did to tear off the mask of the old man.

This old man is really too ego and he always thought the forumer here are idiot.

Posted by CharlesT > 2017-09-06 08:32 | Report Abuse

As you know, Xingquan was trading at between 2 sen to 5.5 sen in early June 2017. I bought a total of 50.5 million shares at an average price per share of 3.5 sen. I bought almost all the shares traded.

As you also know, Xingquan has been selling between 10-13 for some time and I have been accumulating it. Last year annual report shows that I have accumulated 36.4 million shares. Now I have a total of 86.9 million shares and my average price per share is 6.85 sen.

I am very curious on the above especially on his so called average cost of 6.85 cents per share (total 86.9M shares).

As at 30 Sep 2016 (Annual Report 2016) he owned ard 47.5M shares (under his name, YSP, KZY etc) or 9.8% shares while as at 20 Oct 2015 (Annual Report 2015) he owned ard 14.2% shares or 48M shares. Thus his shareholdings is quite consistent at RM48M+ during last 2 years. I think his average cost shall be ard RM0.70-RM0.80 for this batch(his first entry price in 2014/2015 was at least Rm1.50+)


He claimed he bought a large batch of 50.5M shares at 3.5 cents before the shares suspended in June 2017 and now is holding ard 86.9M. Ok maybe he sold 10M+ shares earlier (thus reducing from 48M to 36.4M), still his average cost shall be as follows:

1) Old batch of 36.4M at Rm0.70 to Rm0.80 (ard Rm25.48M to Rm29.12M)
2) New batch of 50.5M at Rm0.035 (RM1.7675M)

So total shall be ard Rm27.2475M to Rm30.8875M

Divided by 86.9M shares, his average cost shall be ard RM0.3135 to RM0.355

No way to be at Rm0.0685..Unless he did a write off on impairment loss on his investment in Xinquan?
06/09/2017 08:28

Posted by pang72 > 2017-09-06 08:35 | Report Abuse

Uncle hints you that red chip is in focus.You should look for tbe red chip with similarity as Xingquang which is.....
C

Posted by CharlesT > 2017-09-06 08:48 | Report Abuse

Or just do a simple reverse calculation:

Total : 86.9M at so called average cost of 6.85 cents = Rm5.95265M

1) New batch of 50.5M at Rm0.035 (RM1.7675M)
2) Old batch of 36.4M at Rm0.1149 (RM5.95265M- RM1.7675M=RM4.185M/ 36.4M shares)

Old batch at RM0.1149? U did a mark to market loss basing on it's market price then?

Posted by Up_down > 2017-09-06 11:31 | Report Abuse

It's certainly that Impairment Losses in portfolio has been provided before getting such a low average purchase prices as stated now.

Posted by paperplane2016 > 2017-09-06 11:33 | Report Abuse

oklah, ask u all sialang xingquan, you all go buy HUAAN instead.. how to be top class investor like tht

Posted by CharlesT > 2017-09-06 11:34 | Report Abuse

Wah, if he further write off his average cost to RM0.01 then when (if) Xinquan resumes trading n opens at Rm0.10+ one day in future he may make 10 times profit n becomes Superinvestor again...

Salute!!

Posted by Up_down > 2017-09-06 11:38 | Report Abuse

That's the way to manipulate returns by telling the whole world later that he is a god in punting..lol

Posted by CharlesT > 2017-09-06 11:40 | Report Abuse

Geng...now we all knew the secret oredi....

Posted by Hua Joshuaayoung > 2017-09-06 21:25 | Report Abuse

KYY is generous enough for us to make some $ together with him..not like cold eye...diam diam saja

Posted by Slimy > 2017-09-06 22:39 | Report Abuse

This is not ethical at all

Posted by Stock Kingdom > 2017-09-06 22:59 | Report Abuse

Anything wrong for cold eye diam diam? Does he responsible for anyone's money here?

What if he act like KYY telling the whole world what he has purchased, I believe many people will jump in without looking at reports or understanding the business.

Whatever the price movement subsequently, the whole world will condemn/curse him whenever he sells the shares.

Cold Eye was the Editor in chief of Nanyang ShangPao & every stock investors know him via the books he wrote. He openly hoped to keep low profile for security reason.

Posted by CharlesT > 2017-09-07 06:31 | Report Abuse

Posted by yewyin33 > Sep 7, 2017 06:05 AM | Report Abuse

I am sorry that I made a mistake in calculating my average cost. Xingquan was listed in 2009 and CIMB was the under writer at Rm 1,75 per share. It's 2009 annual account shows that I did not hold any shares.

As you know its price has been falling quite rapidly since the company was listed. I started buying it in 2010 when the price fell below Rm 1.00 and 2010 annual account shows that I had a total of 17,005 million shares.I estimate my average price should be about 70 sen.

As I said, I have a total of 86.9 million shares. 17.005 divided by 86.9 = 19.6 per cent. Some of you who are still quite smart can calculate my average price.

One commentator said that I was promoting Xingquan so that people would buy so that I could sell. How could I do that because the company has been suspended.

My only reason for writing the article is to teach investors how to evaluate risk in selecting stocks to buy. What is a good bet?

I was willing to buy 50.5 million shares, almost all the shares traded in the few days when SC gave notice of suspension to Xingquan at the price between 2 - 5 sen. My average purchase price was about 3.5 sen.

I think it is a good bet to buy at 3.5 sen when its audited account shows that its NTA is Rm 1.90 and the company is cash rich with no bank borrowings. I have seen its factory with 7 blocks of low rise flats to accommodate 3,000 workers. The land was given by the Chinese Government for a song. The assets should worth a lot more by now.

In any case, the game is not yet over. An official from CIMB told me that Datu Wu, Xingquan CEO told her that he is making preparation to comply with the rules of SC in order to relist the company. If the company is listed again, I think the price will go higher than 3.5 sen and I will be laughing all the way to my bank.

That is what I mean by a good bet.

THIS IS MY LAST COMMENT. GOOD LUCK!

Posted by CharlesT > 2017-09-07 06:32 | Report Abuse

As you know its price has been falling quite rapidly since the company was listed. I started buying it in 2010 when the price fell below Rm 1.00 and 2010 annual account shows that I had a total of 17,005 million shares.I estimate my average price should be about 70 sen.

As I said, I have a total of 86.9 million shares. 17.005 divided by 86.9 = 19.6 per cent. Some of you who are still quite smart can calculate my average price.


He finally realised we are not really stupid losers....

Posted by Stock Kingdom > 2017-09-07 07:57 | Report Abuse

Truth has been revealed!

Posted by Albukhary > 2017-09-07 08:10 | Report Abuse

CharlesT, you are so geng. You made KYY cannot sleep for whole night and force to come out another article to clarify that his calculation is wrong.
Faster screenshot and save all the article, if not 2-3 months later, when Xinquan confirm to be delisted, KYY will delete all his post about Xinquan and maybe he will start shout that he has bought HUAAN at 3.5sen, and within 1 months surge up to 35sen, he made 1000% return, while KLCI only up 0.4% for that period...blar.. blar.. blar.

Posted by Stock Kingdom > 2017-09-07 08:42 | Report Abuse

Well done to all who have talked "facts" & "truth"

For me, I don't know how to laugh if the share that I invested went all the way from above RM1.50 to 3.5 cents, even though it go higher than 3.5 cent later.

Posted by yewyin33 > Sep 7, 2017 06:05 AM | Report Abuse
In any case, the game is not yet over. An official from CIMB told me that Datu Wu, Xingquan CEO told her that he is making preparation to comply with the rules of SC in order to relist the company. If the company is listed again, I think the price will go higher than 3.5 sen and I will be laughing all the way to my bank.

Posted by 3iii > 2017-09-07 14:17 | Report Abuse

What led to Xingquan's suspension? Not able to release their accounts in time despite given a few chances to do so.

When a coccroach appears, more cockcroaches will soon appear.

The integrity of the management of Xingquan is questioned.

You cannot expect a good deal from people with questionable integrity.



In the absence of insider information, betting on Xingquan is risky.

Posted by Blacksails > 2017-09-07 22:08 | Report Abuse

Just like Maxwell, said the company has net cash of over 100 mil. one day and next day says spent all the 100 mil on advertisement assets and now no money. What a joke! The auditor says nothing and SC do nothing!!!

Posted by Stock Kingdom > 2017-09-08 13:01 | Report Abuse

Conclusion: it is a lousy bet!!!

Posted by stockraider > 2017-09-08 13:04 | Report Abuse

CALCULATED BETS LOH....!!
UNCLE KOON USE TO SCORE ALL "A" IN MATHS LOH...!!
CANNOT BE TOO FAR WRONG IN ITS CALCULATION MAH...!!

Posted by Stock Kingdom > 2017-09-08 13:05 | Report Abuse

Blacksails Just like Maxwell, said the company has net cash of over 100 mil. one day and next day says spent all the 100 mil on advertisement assets and now no money. What a joke! The auditor says nothing and SC do nothing!!!
07/09/2017 22:08

Repeat

Posted by Stock Kingdom > 2017-09-08 13:07 | Report Abuse

Stockraider, it makes more sense to believe that people once getting older, they will be losing their ability to think & calculate over time

Posted by CharlesT > 2017-09-08 13:08 | Report Abuse

another mistake in calculation of his first 17m shares acquired at 0.70 in 2010/2011..price never went below rm1 in 2010/2011...

Posted by stockraider > 2017-09-08 13:10 | Report Abuse

I THINK CALCULATION WISE UNCLE KOON HAS NOT LOST HIS TOUCH LOH...!!

IT IS WHETHER...THE LISTED CO...CAN FORCE...A LIQUIDATION OF ITS 100% SUBSIDIARY IN CHINA LEH ??

IF SUE...WHETHER CHINA COURT WILL CONSIDER LEH ??

Posted by KLCI King > 2017-09-08 15:15 | Report Abuse

This KYY become a real joke

Posted by kk123 > 2017-09-08 15:18 | Report Abuse

cash is king..
if however the cash is in "units", then its like hell notes...

Posted by Ooi Teik Bee > 2017-09-08 15:21 |

Post removed.Why?

Posted by CharlesT > 2017-09-08 15:23 | Report Abuse

finally sifu saw this.....i wonder why no response this round..

Posted by smartly > 2017-09-08 15:45 | Report Abuse

no personal attack for whatsoever...

Posted by smartly > 2017-09-08 15:50 | Report Abuse

personally if you are filthy rich, you can afford to bet, because you can afford to lose all anyhow.

people like me will try to avoid being trap in such suspended counter. reason is simple if i get trap here i have no fund for others. how to recover ?

diff being big fish vs small fly......haiz... :(

Posted by lkoky > 2017-09-08 16:19 | Report Abuse

http://www.thestar.com.my/business/business-news/2017/09/08/china-hustle-warns-next-big-crisis-born-in-reverse-merger-mud/

Posted by stlf > 2017-09-13 09:36 | Report Abuse

OTB asking people to commit suicide.. bloody bastard old cock..so cruel..you go die lah. M fucker!!!!