Posted by smktta > 2018-02-27 13:43 | Report Abuse

when will be the quarter result out?

Posted by smktta > 2018-02-27 16:02 | Report Abuse

this counter need some booster

Posted by topkek > 2018-02-28 21:25 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5708777

Posted by ivan9511 > 2018-02-28 21:26 | Report Abuse

fast fast run lost qr china stock loss qr sure drop until 1sen
run faster run

Posted by Xinghe > 2018-02-28 21:50 | Report Abuse

Net cash double to 18 sen. Cash is king like PM Najib?

Posted by dusana > 2018-02-28 23:32 | Report Abuse

Still cas rich , hopefully this Quarter better

Posted by azta12 > 2018-03-01 15:05 | Report Abuse

hantam..time to move.

Posted by jincheah > 2018-03-01 15:52 | Report Abuse

come on ~~~~~

Posted by Roly > 2018-03-01 16:10 | Report Abuse

Strong power

Posted by rlch > 2018-03-05 09:34 | Report Abuse

Next HuaAn or HB Global?

Posted by Jeffreyteck > 2018-03-05 18:35 | Report Abuse

Locally listed Chinese firms, no exception for failure as most probably their intentions is not business but exit plan. Their revenue trend will tell the truth, don't even talk about profit. Best for speculation because of low price. Good luck.

Posted by contrarian > 2018-03-06 10:45 | Report Abuse

HB Global moving. Xinghe turn soon bec GE coming?

Posted by Xinghe > 2018-03-20 20:56 | Report Abuse

XingHe ventures into seafood processing
http://www.theedgemarkets.com/article/xinghe-ventures-seafood-processing

Posted by jincheah > 2018-03-20 22:43 | Report Abuse

ready to goreng liao ? haha

Posted by Jmz88 > 2018-03-21 10:45 | Report Abuse

time to move

Posted by mrknowled > 2018-03-21 17:06 | Report Abuse

time has come

Posted by Kasihan > 2018-03-22 11:09 | Report Abuse

My avg cost 10 sen. Must wait GE over or 5 years to recover loss?

Posted by jincheah > 2018-03-22 17:15 | Report Abuse

oh nooo

Posted by jincheah > 2018-04-05 14:49 | Report Abuse

@@

Posted by LimKT > 2018-04-05 15:08 | Report Abuse

Useless

Posted by limch > 2018-04-10 12:03 | Report Abuse

5.5 sen very cheap when can move like SKH, PUC or Ucrest?

Posted by limch > 2018-04-10 12:05 | Report Abuse

Cheap nobody want when 20-30 sen every1 chase?

Posted by jincheah > 2018-04-10 20:26 | Report Abuse

huh...coming soon ?

Posted by Kho Hon Hua > 2018-04-12 17:04 | Report Abuse

haha...really got hope ?

Posted by jincheah > 2018-04-12 19:45 | Report Abuse

now....not really got hope///

Posted by 1044034702356152 > 2018-04-24 00:44 | Report Abuse

Waiting so many years for it to moving up. But still sleeping

Posted by candy88 > 2018-04-24 17:44 | Report Abuse

Sleep until when??

Posted by bi0hazard > 2018-04-25 13:30 | Report Abuse

4.5sen.. time to collect?

Posted by TTNTK > 2018-04-25 17:42 | Report Abuse

Finally, reality strikes.

Posted by WY Chan > 2018-04-26 13:52 | Report Abuse

closing 4.5

Posted by jincheah > 2018-04-26 16:42 | Report Abuse

zzzz

Posted by curious2 > 2018-04-27 04:10 | Report Abuse

Will XingHe’s new venture make a difference?

LIKE most China-based companies listed on Bursa Malaysia, XingHe Holdings Bhd has been affected by a negative perception that is weighing down its share price. Its loss-making edible oil business is not helping either.

A penny stock, its share price has fallen more than three-quarters from its peak of 27.1 sen on May 28, 2014, to close at five sen last Thursday, giving it a market capitalisation of RM128.7 million.

It slipped into the red with a net loss of RM6.68 million for the financial year ended Dec 31, 2017 (FY2017), compared to a net profit of RM23.6 million a year ago, mainly due to declines in sales volume and lower selling prices, especially for peanut oil.

The net loss has cast a pall over Xinghe, and led some investors to feel that the company may be like some of its Chinese peers, where losses were followed by accounting issues, such as failing to submit annual financial accounts.

Hoping to turn things around, the company has decided to venture into seafood processing, with operations based in Bukit Tambun, Penang.

This will be XingHe’s first venture outside China, says non-executive chairman and senior independent director Stephen Ng Min Lin.

“We want to move the perception of XingHe more towards our local (Malaysian) operations and spread out the risks so that investors notice that unlike other China-based companies, we actually have operations here,” he tells The Edge in an interview.

He says the pre-tax profit contribution from the tuna-processing joint venture is estimated to be about US$1.6 million for FY2019 and US$1.8 million in FY2020.

“We will be renting a factory on a 7.5-acre piece of land in Bukit Tambun. The plant is a modern facility, but we need to modify it for our tuna-processing lines,” he says.

Modification work is expected to be completed by July before the processing lines can be run at full capacity.

“The existing plant was only used to process prawns, but now, we are enabling it to process both prawns and tuna,” he explains.

Ng, 39, was appointed non-independent, non-executive director of Key West Global Telecommunications Bhd in January 2011. He was CEO of Esabee Biotika Sdn Bhd from May 2008 to mid-2011.

XingHe, which is based in Henan province, made its debut on the ACE Market in late April 2014 in a reverse takeover of Key West Global Telecommunications.

Founded in 2002, it is one of China’s top edible vegetable oil companies. Apart from peanut oil, it also manufactures peanut protein cake, a byproduct in the production of animal feed.

Ng says going forward, XingHe sees potential in the seafood processing business, which will be overseen by Malaysian directors, including himself.

The directors in China, led by managing director and substantial shareholder Ma Guo Liang, will be in charge of the edible vegetable oil business there. Ma has a 46.52% stake in XingHe via Perfect Timing Holdings Ltd, an offshore company incorporated in the British Virgin Islands.

To recap, XingHe announced on March 20 that its 90%-owned subsidiary, XingHe-Jefi Sdn Bhd, and its joint-venture (JV) partners — My Ocean Venture Sdn Bhd (MYO) and VC Marine Sdn Bhd (VCM) — would set up Sea Tuna Industry Sdn Bhd.

XingHe-Jefi will have a 52% stake, while MYO will have 35% shareholding and VCM, 13% in the joint venture.

Sea Tuna Industry needs RM20 million to modify the Bukit Tambun plant and as working capital.

Funding should not be a problem for XingHe, which recently raised RM11.5 million from a private placement exercise and is sitting on a huge cash pile of RM431.5 million.

Its JV partners MYO and VCM will also be contributing their share of funds.

A filing with Bursa Malaysia shows that MYO is a private limited investment holding company that is 50%-owned by Leong Keng Wohand, who has interests in companies involved in the supply of lubricants and logistics services.

Taiwanese national Yu Pao-Chu — a substantial shareholder and president of Thai Ocean Venture Co Ltd — holds the remainder of the shares in MYO. Thai Ocean Venture is involved in value-added processing of seafood, principally tuna processing.

VCM is an investment holding company that is 99.99% owned by Datuk Gooi Kok Song, who has interests in companies that supply tyres and lubricants.

“Our JV partners own more than 200 fishing vessels, and 50% of the market share in the Indian Ocean. They have their own fishermen harvesting tuna. That will guarantee a consistent supply of tuna for us (Sea Tuna Industry), even during the low season,” says Ng.

Under the proposed JV, which is scheduled to be completed in the second quarter, XingHe-Jefi will make a capital contribution of RM7.5 million of the agreed issued share capital of RM14.5 million, to be funded by internally-generated funds.
http://www.theedgemarkets.com/article/will-xinghes-new

Posted by limch > 2018-04-27 19:50 | Report Abuse

RM 431 million cash or 3.7X market cap in 2017 AR.

Posted by jincheah > 2018-05-10 10:36 | Report Abuse

what is going on ?

Posted by Xinghe > 2018-05-13 22:03 | Report Abuse

Pakatan win GE14. 20-30 sen coming?

Posted by Shines > 2018-05-15 08:45 | Report Abuse

Pls write something that are not fake either good or bad for all to consider jumping in or not

Posted by sab999 > 2018-05-17 14:52 | Report Abuse

touch 6 sen is good lol..

Posted by Shines > 2018-05-17 17:22 | Report Abuse

Very susah Unless good results

Posted by Xinghe > 2018-05-17 20:04 | Report Abuse

Under PH also cannot move? Change back to BN in GE15.

Posted by pakatan_harapan2 > 2018-05-24 11:20 | Report Abuse

LGE pls catch IDSS traders.

Posted by Shines > 2018-05-24 19:26 | Report Abuse

What is IDSS?

Posted by berkshire_ > 2018-05-27 16:49 | Report Abuse

Intra-day short selling.

Shines What is IDSS?
24/05/2018 19:26

Posted by berkshire_ > 2018-05-27 16:50 | Report Abuse

No dividend no problem in Berkshire Hattaway why is problem in Red chips eg Xinghe?

Posted by Shines > 2018-05-28 05:00 | Report Abuse

@Berkshire,Thanks

Posted by CrapTree > 2018-05-28 10:27 | Report Abuse

doom counter.... wakakakaka... juz sell to the boss..... n he need MGO.... wakakakaka.... why keep listed while he hold more than 50%......

Posted by Jeffreyteck > 2018-05-31 18:41 | Report Abuse

From above 200 m revenue dropped to less than 14 m. Bursa is still inaction. Typical regulator?

Posted by berkshire_ > 2018-05-31 22:34 | Report Abuse

Back to profit QR is good after consecutive quarters loss. Cash intact at almost 20 sen a share.

Posted by Seehighnlow > 2018-06-01 12:04 | Report Abuse

About 8months to go, will the management throw away about 117 million baby ? Hopefully, those who know can provide some informations. Thanks

Posted by sparkrider > 2018-06-01 12:17 | Report Abuse

About 8 months to go where?

Posted by Seehighnlow > 2018-06-01 12:41 | Report Abuse

Warrant expires about 8 months. Will the management throw away about rm 117 millions. Can with help with information. Thanks