Today drop 3 cents all the small flies oredi making noise like hell....those long term brave savvy investors have been holding their RM1.50++ stocks level since few years back till now...never sweat...this is how long term investment works....at the end they are billionaire and you are poor guys...
all China stocks are same pattern la, 1st they're reluctant to paying u dividend, then share price automatically drop to 1/3 of IPO, then later share price will drops further more to 1/10 of IPO.
The owner of Xingquan should offer to take it private by offering all shareholders 100% higher from the current price. Surprisingly, Ooi Guan Hoe who has direct informations on Xingquan took up 15,000 shares only even at such deep discounted price. Either, he wants to raise his stake when it is RM0.20 or he knows that the company isn't worth the salt to even look at it. It tells a lot when a director doesn't pick up the share when he or she has all direct information. So, you can all give up all hopes on this "cheating counter" from China. In fact, don't even look at Chinese stocks listed in Malaysia. Go for those in Shanghai, Hong Kong and the US. But of course the catch is that they don't come cheap like Xingquan or XDL or China Ouhua.
Please look into MPHB Capital, Maybulk and Fimacorp if you have spare cash to set aside for one year. Just buy either one of the three and let me know how you feel the same time next year.
Looks like the rumours that KYY and Wikileak wanna push it down to 0.20 and then privatise it and share the cash RM1.50+ among themselves could be true...
They said got cash RM1.50+ per share in their banking a/c in China....Somemore Wikileak, KYY and other savyy long term brave investors are still holding since RM1.70++
I heard the famous Salted Fish from Hevea also borrowed Along to buy this counter since Rm0.60+..even though he went missing now for a while to escape from Along..but I think this is temporary only...once they push down the price to RM0.20 and privatise so then Salted Fish can repay all his debts with Along even at interest 100-200%...
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Posted by rc15 > 2014-10-08 14:52 | Report Abuse
Where are those talk 3 talk 4 talk Cxxk long term investors???