Posted by kris134 > 2015-06-01 16:00 | Report Abuse

Maybe it can go up to 0.075 in the morning?

Posted by TTNTK > 2015-06-01 16:05 | Report Abuse

why do some comments disappear after a while?

Posted by Ezra > 2015-06-01 16:27 | Report Abuse

The market is currently still accumulating shares on the cheap. For some, bargain hunting isn’t over.

If you read the annual report you'll notice one of the directors happens to be also a chairman of the audit committee and director at CAP. The fact both companies share the said director who is a senior member of the auditing fraternity says a lot about Xinghe as a company. Besides him, two other Malaysian directors are numbers people too. And one Stephen Ng Lim Min (a former KPMG auditor turned entrepreneur) has been an early investor and director since 2011 and has remained invested ever since Xinghe listed on the KLSE via reverse acquisition back in April 2014.

Apart from CAP, only Xinghe is one of the two Chinese companies recently covered in news. Being visible in news is important especially when they can reveal something about the company's sale or stock prospect. The latter's impending JV plant in Malaysia between June this year and March next is a potential game changer. According to Stephen Ng, the said joint venture between Xinghe (the 6th largest edible oil manufacturer in China) and Asfar (a 30% Jordanian owned company in Malaysia) will yield an additional RM100 million in sales by next year.

BDO completed its first audit exercise on Xinghe back in April 2015. So as far as numbers go, Xinghe’s finances appear to be sound. Even the extraordinary profit growth in Q1 2015 is not unreasonable if one remembers part of the escalation in Q1 profit was attributable to a one-off expenditure for a reverse acquisition of a listed company on the KLSE which had understandably lowered the profit for FYE 31 Dec 2014. So actual profit growth derived from its peanut oil and peanut protein cake business was 60% in Q1 2015 which should be good enough to lift its TP level between 24 sen per share and 95 sen per share. And yes it could attain 35 sen per share at 5x PE forecast for FYE 2015 as some have pointed out; if one wishes to draw comparison with Yee Lee. If that were the case, the warrants will fetch a bigger improvement in price attaining an equivalent 25 sen each.

The question is when the market will allow these more reasonable price levels to emerge. That no one can tell. What is certain the current price of 7 sen per share and 2 sen per warrant are dirt cheap and benefits no one except the investor willing to go long on Xinghe.

Those seeking a quick exit do so for financial reasons either to avoid contra loss or simply because they wish to access the cash sooner rather than later.

Regardless, whether you choose to exit or remain invested, do so wisely and with great care. Do not allow the market or anyone to short change you. In short, make the call when you’re certain about when you wish to draw the line for profit or cut a loss.

Posted by gick891214 > 2015-06-01 17:06 | Report Abuse

haha... pocket koyak already... @bunny pro

Posted by lclwyp > 2015-06-01 17:11 | Report Abuse

Since stuck. Hold on & pray for good to come

Posted by sg999 > 2015-06-01 21:30 | Report Abuse

trap...........

Posted by gick891214 > 2015-06-01 22:05 | Report Abuse

now everybody can buy...... getting cheaper and cheaper @.@ ''''

Posted by greedy44 > 2015-06-01 22:08 | Report Abuse

Most likely big shark still accumulating xinghe, once they have enough already, then maybe the price of xinghe got any chance of moving higher...i think. Now they just try to frustrate ppl to sell the share to them at low price.

Posted by lclwyp > 2015-06-02 07:57 | Report Abuse

Now q sell @ 0.075 11.6m!

Posted by rlch > 2015-06-02 08:46 | Report Abuse

Yesterday already confirm dividend ex-date why still so many want to sell? Sell Xinghe(at a loss) to buy flying stocks? If later the flying stock become char coal how?

Posted by craptree > 2015-06-02 10:53 | Report Abuse

Ex-date is 20 Aug 2015 base on bursa announcement.....

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4756801

Posted by lclwyp > 2015-06-02 10:56 | Report Abuse

bunnypro, what is your average cost?

Posted by craptree > 2015-06-02 11:09 | Report Abuse

hope the monies in the bank is real and not fake.... hope the BDO auditor is an auditor and not a consultant.....

Posted by skyjuice2 > 2015-06-02 11:11 | Report Abuse

Kikiki.Only Xinquan and Cap having the real moneys in the bank. Kikiki

Posted by rlch > 2015-06-02 11:16 | Report Abuse

If Xinghe don't have money how can they declare dividend?

Posted by lclwyp > 2015-06-02 11:17 | Report Abuse

Xinquan up today

Posted by bangonluck > 2015-06-02 11:20 | Report Abuse

craptree, that what's we are always worried about China co. The authenticity and the existence of assets....

Posted by lclwyp > 2015-06-02 11:24 | Report Abuse

bunnypro, why you worry? I am the investor who bought Xinghe before bonus x-date. You should know that my cost is much higher than yours!

Posted by rlch > 2015-06-02 11:46 | Report Abuse

bunnypro, you believe what skyjuice2 said? He hasn't answered my question why Xinghe can declare dividend if they don't have money in bank. Also all the auditors who approved China stocks account must be corrupted. Problems are some of the auditors also audited local stocks why no questions asked?

Posted by lclwyp > 2015-06-02 11:50 | Report Abuse

Now only hope will strong rebound in coming months. bunnypro, will you plan to attend the forthcoming AGM?

Posted by lclwyp > 2015-06-02 12:08 | Report Abuse

23/6 is on Tue

Posted by lclwyp > 2015-06-02 12:19 | Report Abuse

Perhap it is the trend of Xinghe. It dropped to low of RM0.055 before rebounded back to RM0.13 before x bonus warrants. After x, it was on downtrend again for 2 months before stabilise at 0.065, supporting by dividend and quarterly results. Just like Xinquan, people need time to digest. Xinquan was down to 0.40+ and now recover to 0.60+. I believe Xinghe would recover but at a slower pace

Posted by yeekarwai88 > 2015-06-02 12:52 | Report Abuse

Ex-date on august,of course no need buy now,and will escalate next month.

Posted by TTNTK > 2015-06-02 13:43 | Report Abuse

The real question is why shares are being sold at 7 cents instead of letting the price go higher.

Posted by skyjuice2 > 2015-06-02 14:00 | Report Abuse

The real question is do you think there's no corrupted auditors in this world if they are getting big profits?

Posted by skyjuice2 > 2015-06-02 14:00 | Report Abuse

Look what happened to csl? Why compare with xinquan?

Posted by skyjuice2 > 2015-06-02 14:01 | Report Abuse

Csl from 1.8x down to 8.5 cents. Kikiki

Posted by skyjuice2 > 2015-06-02 14:03 | Report Abuse

Shares are being sold at 7 cents to make profits. Did you think the syndicate owns it at 13 cents? Kikiki. Just look at tiger play style than you'll know.

Posted by JoshuaMS7 > 2015-06-02 14:50 | Report Abuse

Market sentiment is getting better but Xinghe still downtrend to so low price. Think no investors dare to invest it anymore even its QR really good!!!

Posted by skyjuice2 > 2015-06-02 15:00 | Report Abuse

That is so true JoshuaMS7. If you look at the buying pattern, i don't think there's any retailers is buying. Its themselves.

Posted by skyjuice2 > 2015-06-02 15:01 | Report Abuse

Playing left to right. If my analysis is correct, its going to be 5.5 cents soon. Then you might buy again and sell at 7 cents.

Posted by TTNTK > 2015-06-02 15:12 | Report Abuse

what's their advantage bringing the price down? even if they got the shares cheaply, they would still make more money selling them at higher prices.

Posted by Ezra > 2015-06-02 15:16 | Report Abuse

It's physics. The more the passengers the greater the number of buses required to move them. The pool of available shares in Xinghe stands currently at 2.35bn units. Compare that with IFCA which has 254 m public float and CAP with 600m outstanding shares, you'll know why it's far easier to lift the latter two. If every Xinghe holder knew that his or her shares and warrants are worth far more than what market is paying now, then naturally price will dramatically rise by leaps and bounds even within a day. Trouble with klse is there're more less informed investors than informed ones. Hence, the herd mentality. Given the greater numbers, it's quite natural for some to offload whilst others collect. Once distribution loses steams, accumulation will take over. Only then a rally will begin. Hopefully, by then investors will grow wiser and not all will settle for a lower price.

Posted by TTNTK > 2015-06-02 15:25 | Report Abuse

That explanation doesn't quite add up. When the shares sold at 7 cents were depleted, more were put on the market instead of allowing the price to go to the next level at 7.5 cents.

Posted by craptree > 2015-06-02 15:25 | Report Abuse

POOR THING.... STILL DAYDREAMING..... OH DEAR......

Posted by lclwyp > 2015-06-02 15:28 | Report Abuse

Major shareholders are holding approx 60% and free float should be 0.95b units. Major shareholders so far did not transacted shares in open market but only off market

Posted by Ezra > 2015-06-02 15:30 | Report Abuse

That's how distribution works. When you have tons of shares to offload, you don't stack them all at once and risk a free fall.

Posted by skyjuice2 > 2015-06-02 15:31 | Report Abuse

Good eye sight again TTNTK. Ezra, taking into consideration of all factors you mentioned, include what TTNTK mentioned. Does this physics logic? Just look again what happen to Tiger. Same case. Kikikiki

Posted by lclwyp > 2015-06-02 15:31 | Report Abuse

andyghk, you are right! Xinghe share price is worse than those counters under PN17 or GN3

Posted by skyjuice2 > 2015-06-02 15:33 | Report Abuse

These kind of crappy things often happened in our Bursa. Nothing to argue about. Just invest or cut loss wisely.

Posted by leekboon > 2015-06-02 15:37 | Report Abuse

good result n oso declare dividend still cannot up.....aiyo so worst

Posted by TTNTK > 2015-06-02 15:43 | Report Abuse

andyghk, have you any connection to Xinghe main stockholders?

Posted by Ezra > 2015-06-02 15:45 | Report Abuse

Of course, the price was deliberately brought down to 7 sen per share when the selling queue at 7.5 sen per share was about to finish, some are not done collecting - as I mentioned yesterday.

Posted by lclwyp > 2015-06-02 15:49 | Report Abuse

I think come T+3, there will be another round of fire sale since 31m+ bought at 0.075 yesterday and hope to make short term profit

Posted by skyjuice2 > 2015-06-02 15:54 | Report Abuse

Ezra, So now we can see buy is at 6.5 cents. Does this means now they are collecting at 6.5 cents? After completed the 6.5 cents, then 5.5 cents and push up again until 7.5 cents?

Posted by lclwyp > 2015-06-02 15:55 | Report Abuse

Anyone knows whether Xinghe qualify for main board transfer?

Posted by skyjuice2 > 2015-06-02 15:56 | Report Abuse

If one day it become like Tiger, should be ok. with 2bil ++ of outstanding shares, it could be like hubline, even Xinghe is not a loss making company. It's not possible. All punters will come in and taking profit of half cents. Then you'll know.

Posted by skyjuice2 > 2015-06-02 15:59 | Report Abuse

This kind of syndicate play will only attract short term punters than investors. They only care about half cents profit with millions of shares.

Posted by TTNTK > 2015-06-02 16:00 | Report Abuse

If Xinghe is really selling at a bargain price now, there would be lots of buyers forcing the price up. even though the number of shares sold is high, the money value is actually still very low. it's not as if the big boys are dealing in it.

Posted by TTNTK > 2015-06-02 16:01 | Report Abuse

But in reality, the sellers are controlling the price, and they are keeping it down for some reason.