most China based listed here are fraud, CSL deposit RMB 2.2b in bank, but audited finance report 2013 canot came out, later the factory suddenly fired. what a joke? CHINA company? all con la!
if not trust on the china based company, better cut your loss and run. Do not hold and waste your money and time on it, you may earn back the loss you incurred.
Hamitouzhi,now you are also have lost confidence in them and doubtful of their a/cs.They may be syndicates coming here to trap the innocent investors with many of their companies. Being aware of their ploys is a smart precaution by avoiding them until they have 8 years proven records here.
Just to share some information with u----- GDEX 0078 n EFFICEN 0064 SPORE POST HV 20 PCT N ALIBABA HV MORE THAN 10PCT IN SPORE POST
SingPost, Alibaba, Efficien SingPost and Alibaba Group is Forming Strategic Collaboration to Grow International E-commerce Logistics Business. Alibaba Investment Limited will invest S$312.5 million to purchase 30 million existing ordinary shares held in treasury by SingPost and 190.096 million new ordinary shares and take a 10.35% stake in SingPost upon completion.
Singapore Post Enterprise Private Limited holds 147,529,100shares (20.8%) in the Efficien (based on annual report 2013). Indirectly, Alibaba will hold 2.15% in Efficien.
Efficien offers data processing services, such as data conversion, data manipulation, data merging, and data mining; and a range of document processing services, including data extraction, data conversion, formatting of documents, data printing, and preparation of printed documents for distribution by post. It also provides electronic bill presentment services comprising data extraction, creation, and delivery through electronic media that include the Web, email, SMS, and fax, as well as physical distribution, imaging and data capture, archival and retrieval, and records management services.
Rolling 4 quarters EPS = 0.71Sen. Net asset per share = 17sen. It has RM16.7mil in investment mutual fund and RM46.2Mil cash. Borrowings are RM3.8Mil. Net cash is about 8sen per share. At share price of 17sen, I pay 9sen for their operating business that generates EPS of 0.71sen. That works out to be 12.6X PER for a low financial risk, dividend paying and positive operating cash flow company that comes with the possibility of riding on the theme play of alibaba/Singposts’ international e-commerce logistics business.
By the way, the cover of the company’s 2013 annual report looks equally “Zen-Like” like the cover of GDex annual report.
The above is an entry in my investment journal for the purpose of tracking my investment journey after joining this platform. You should be responsible for your own investment actions or inactions.
Today China stock exchange up 2.41% despite Dow plunge on Friday. Will Msports move up further this week? PE at 4.88 still very low compare to market PE. Even Msport doubled to 40sen valuation still not expensive. http://klse.i3investor.com/servlets/stk/fin/5150.jsp
China stock index up today due to 18% June14 IP growth (yty). Msports is now the best China stock in town with very attractive valuation n without any financial reporting default issue is seen in near future. Expecting its PE dips below 4 in the current financial year.
Kenanga Research - Macro Bits - 30 July 2014 China's June Industrial Profits Rise 17.9%. Profits earned by Chinese industrial firms rose 17.9% in June to 588.08bil yuan ($94.98bil) from a year earlier, up sharply from an 8.9% rise in May, the National Bureau of Statistics said. For the first six months of 2014, profits rose 11.4% from the same period last year to 2.8tril yuan, the bureau said in data released on Sunday. (Reuters)
Last quarter report EPS 1.99sen. Expect another profitable quarter report this month. PE still low around 5 at 22sen. If good result like 1st quarter come out this month expect prospective PE even lower this year as lately a lot of positive news come from China economy.
Look at what happen to PW high NTA stock with low PE. Msport also have same characteristics ie high NTA 88sen(4X share price) and EPS 1.88 or annualised 7.52sen or annualised PE only 3. Buy now while still cheap. http://klse.i3investor.com/servlets/stk/fin/5150.jsp
XINQUAN: A CASE STUDY FOR IMPACTS FOR THE RECEIPT OF FREE WARRANTS
Say an investor purchased 10k shares of xinquan at RM0.960 pre-free-warrant periods. After the ex-date, he will receive 5k free shares of xinquan-wa. Let's see how his investment has performed:
Pre Ex-date for free warrants 10k shares Xinquan @ 0.96, i.e. RM9,600.00 Investment Cost: RM9,600.00
Post Ex-date for free warrants (based on today values) 10k shares Xinquan @ 0.590, i.e. RM5,900.00 5k shares Xinquan-wa @ 0.14, i.e. RM700.00 Net value for his investment in Xinquan now is at RM6,600.00
Hence, the losses resulted is RM3,000.00 or 31.25%.
If a company want to reward shareholder with free warrant sure the company is good because we can get it for free. However the company need to spend some money to carry out the proposal. If the company don't have money where they want to find money for the extra expenses? Msports is not asking any money from us unlike Xinquan which issue private placement shares at the same time with the free warrant which cause dilution to shareholders. Msports is only 24.5sen compare to Xinquan high price. If local stocks give free warrant will people chase them?
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....
cpng
1,575 posts
Posted by cpng > 2014-05-05 08:59 | Report Abuse
Yup.confirmed all cash balance are deposit in Heaven .