kinda defies logic why a company that makes decent quarterly profits yet share price is in the toilet...compared to some other companies which are underwater...and a wonder why the directors and a few other 'people' continue to accumulate the stock...I suspect something will be happening soon
Auditors’ Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with approved standards on auditing in Malaysia. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on our judgement, including the assessment of risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, we consider internal control relevant to the entity’s preparation of financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Directors, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the financial statements give a true and fair view of the financial position of the Group and of the Company as of 31 December 2015 and of their financial performance and cash flows for the financial year then ended in accordance with Malaysian Financial Reporting Standards, International Financial Reporting Standards and the requirements of the Companies Act, 1965 in Malaysia. http://www.bursamalaysia.com/market/listed-companies/company-announcements/5079665
Listed co. Need to pay fee/ tax...who get it? Sendiri faham...co. lingkup they don't care as long time reached those co need to pay fee/ tax..Even some those director just a name...just sit every year get allowance...
Then lagi good . That means xinghe report is real one no tipu one. Then no one can say xinghe report tipu. This is a good news . Try to see nta and eps then you know what to do Hahahhah Sometimes bad news can turn into good news New game in bursa Let see the show bah
They released 2 sets of quarterly reports. 1st shows a loss of RM4 million amended 2nd report shows a profit of RM16 million. Fucking crooks company. They don't have any real business only manipulating accounts and con shareholders money. Never ever trust a Chinese company from China.
Ctooi51, the amended report is first quarter report not the newest.... Anyone read the report? Xinghe say revenue drop because sales price and factory kena shut down for change using coal To natural gas so lack of production to support sales.... Can believe?
in 1q2016(after amendent) report show cash balance around 200m, but in 2q2016 report cash balance reduce to around 100m, look at the cf statement,cash flow to trade receivables. what is happening? byright should decrease the trade receiveable amount and increase the cash balance. in fact in reality, it opposite down.
what is going on? where is the accountant profession? the only reason i found out is loan the cash to it existing customer,trade receivable.
This company has no business but all out to cheat every shareholders money. It will soon be nothing to report once they have stolen all the money in the company.
Since when you are shareholder? Why never see your postings here before? The first report is June'16 qtr . 2nd report is earlier QR which is profitable. So overall in 2016 still profitable.
ctooi51 They released 2 sets of quarterly reports. 1st shows a loss of RM4 million amended 2nd report shows a profit of RM16 million. Fucking crooks company. They don't have any real business only manipulating accounts and con shareholders money. Never ever trust a Chinese company from China. 02/09/2016 10:18
Yes shut down is reason for drop in revenue. Should back to normal in Nov qtr.
Tracking Ctooi51, the amended report is first quarter report not the newest.... Anyone read the report? Xinghe say revenue drop because sales price and factory kena shut down for change using coal To natural gas so lack of production to support sales.... Can believe? 02/09/2016 14:37
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....
Fong Kh
1,837 posts
Posted by Fong Kh > 2016-07-30 00:28 | Report Abuse
3.5 liao