Finally something good from Bursa to protect minority shareholders so that company don't cheat when prepare accounts with such fine. If companies don't give dividend despite cash rich we cannot do anything because only controlling shareholder can decide but not ikan bilis like us. See in Xinquan Koon Yew Yin cannot do anything(when they don't declare dividend) despite he very rich(net worth above RM 100 million) compare to rest of i3 members.
What I can say is Chinese are typically stingy(myself included) so no surprise China companies avoid giving dividend. What is not given as dividend is kept in bank to earn more interest or reduce bank borrowings.
I pity Icon8 because other people play margin he has to suffer because Xinghe price keep dropping. If not mistaken someone in i3 said margin can only be used for uptrending stocks not down one like Xinghe.
Very unfair Xinghe 4.5 sen. Ongoing QR season saw many higher price stocks reported loss eg Genetec, PM Corp, Zelan, Picorp, KTC and many others. Is investing stock base of FA still valid in Bursa or Bursa has become casino?
Frankly speaking China counters listed here more predictable than local stocks. Those making good profit in past QR likely continue to do well. Eg Xinghe, CSL, Xinquan, Kanger, CAP etc. Msports should also in the list although last year QR a bit disappointing but still not audited.
Any i3 forummers attend AGM tomorrow? Pity I am not from KL o/wise I would have attended. Best is can ask for dividend and Xinghe don't invest so much money in building new factory that cost RMB 600 million.
Ha. Ha. Ha. This stupid Hadi Awang get caught with his pants down. He was caaught off guard by Najis chess maneuver. The law was allowed for debate in Parliament & the BN dogs was required to do some barking in press conference. Just to get support from Chinese vote. Now Hadi want to posh pone the Hudud Law. Really stupid.
@Tracking : Me lose more then you.. start bought in before bonus issue... after lose 40 % second bought in... then still drop more then 35 % really no eyes see......
Fake? Why then auditor BDO approved their account? Eat shit auditor?
Posted by younginvestor92 > Jun 3, 2016 05:26 PM | Report Abuse director listed the fake company..... goreng up to price and run to the bank.... good luck have fun guys.
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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....
Xinghe
175 posts
Posted by Xinghe > 2016-05-24 17:46 | Report Abuse
Finally something good from Bursa to protect minority shareholders so that company don't cheat when prepare accounts with such fine. If companies don't give dividend despite cash rich we cannot do anything because only controlling shareholder can decide but not ikan bilis like us. See in Xinquan Koon Yew Yin cannot do anything(when they don't declare dividend) despite he very rich(net worth above RM 100 million) compare to rest of i3 members.