Market did not overlook ! Market simply can't trust their account reports with huge cash ! You must be a newest newbie in Bursa ,let me teach you one good lesson :- whenever you see a red chip china based company in bursa, RUN FOR YOUR LIFE and don't be cheated by their accounting ! Google "Xinquan", "Msports" (the first 2 tai koh china conman's company in Bursa) and research then you know what I mean ! Even our i3 stock god KYY was conned by Xinquan !! and many many more victims ....
Can u trust failed China company & give them one more chance leh ?
SSlee pick on Xinguan is a very bad choice as kyy n sslee got conned, but sslee pick on Insas is a great choice for value investment loh...!!
https://klse.i3investor.com/blogs/Sslee_blog/2019-03-02-story196085-In... ‘Nothing destroy the share value of the company faster than a self serving or a conman CEO and many people lose his/her life saving and some even commit suicide because of insider con job/scam. The conman/scammer get away with murder because good man do nothing until when the victim is his own family member or close friends then only they regret not doing something to stop or expose the scam.
We as minority shareholders are perfectly capable and able to stop it before it happen if we just care to attend AGM ask the hard questions and hold the BOD and external auditor accountable. Follow up and report any irregularities/red flags to SC/Bursa.
Do not live a life of regret, remorse and guilt like spider man (Peter Parker) due to his selfish misjudgment and let go a robber that he can easily caught, who later turn up as murderer of his Uncle Ben. Knowledge is power and with great power come great responsibility’ Y ou wrote: https://klse.i3investor.com/blogs/philip4/2019-02-04-story192361-Why_P... And emotional piece ‘Why Pump and Dumpers deserve the Death Penalty’
Posted by Lewis Lee > Jun 13, 2020 11:57 AM | Report Abuse
"So, please stop being greedy and learn how not to lose money instead. Case in point: avoid horrible management." I think this is Philip's gist of advice to you ! His words sometimes can be harsh but with good intention to shake you up ! No point fighting with the corrupt / biased / flaw systems (especially in Malaysia, those systems are meant to make those tycoons rich !), just need to be extra cautious with the management ! If the good businesses are run by dishonest conmen, you will never be fairly rewarded, so avoid at all costs ! I think even KYY was conned by Xinquan after visiting their factories in China and checking with his relative who worked as their auditors !!
Cash and bank balance 1,574 Total Liabilities 139,751 <--- Enough cash to pay the debt. May be someone may manipulate the price to attract newbie to buy. But to me, it is just a rubbish companny, especially Xinquan, Csl shadow
A hint guys..check out Kawan Food Berhad - They manufactures and sells frozen food. The product portfolio includes – Paratha, Chapatti, Spring Roll Pastry, Naan, Bun, Bakery, and others. The business is spread across Malaysia, Rest of Asia, Europe, North America, Oceania, and Africa.
HBGlobal - Food processing company specializing in the production of wide variety of ready-to-serve food and frozen vegetable
Latest quarterly results of Kawan Food Berhad EPS increased to 400%
dont compare hbglobal to other con man china company. Check their previous shareholder, khazanah - do you know that khazanah is extremely thorough in their due diligence before they invest? Buy now before the train is up in the sky
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by Lewis Lee > 2020-06-13 11:33 | Report Abuse
Market did not overlook ! Market simply can't trust their account reports with huge cash !
You must be a newest newbie in Bursa ,let me teach you one good lesson :- whenever you see a red chip china based company in bursa, RUN FOR YOUR LIFE and don't be cheated by their accounting !
Google "Xinquan", "Msports" (the first 2 tai koh china conman's company in Bursa) and research then you know what I mean !
Even our i3 stock god KYY was conned by Xinquan !! and many many more victims ....