Posted by ct888 > 2014-10-28 08:37 | Report Abuse

Basically there is (almost) no buyer n seller now for this stock. The seller Xie has stopped dumping, there is one collecting behind (u can see from the similar pattern of buying for past month). Not sure if seller n buyer r same one.
Just small vol can move this share up or down either way; is up to the one behind to call the shot. Better stay away if you cant hold.

Posted by saltedfish > 2014-10-28 11:55 | Report Abuse

The one behind is KYY ?

Posted by cariyoyo > 2014-10-29 10:27 | Report Abuse

The mystery of who is buying and selling of this counter when its Annual Report out this November 24th. We will then know how many shares KYY and his family are holding on compare to last year's report. KYY is holding through Kit Peng, Kit Yew, Sze Yan, Yap Sung Pang, Robert Snashall and himself. A friend of mine revealed that many tired holders had been selling off the last 3 months. They just dumped as they have lost money anyway. This explains as to why the continual drop on its share price. The situation was further exacerbated by Xie who continued selling below his purchase price. But my friend did not say that KYY was selling.

The other point that one should take note is whether Lai Poh Lin, Bank of New York Mellon, Rickoh Holdings continue holding their stakes. Good news would be if they in fact increased their stakes. But I doubt this as Ooi Guan Hoe with direct information on Xingquan increased his stake from a paltry 25,000 to 90,000 shares. He paid RM63,500 for increasing his stake. This is quite appalling as it reflects how confident is he on Xingquan. KYY was pissed off with him.

We are playing old broken record on Xingquan as no one is interested in this counter. We have to reconcile with this fact. KYY had announced to everyone that Xingquan was his worst investment in his life, even worst than Pahang Consolidated. There was a dinner hosted by KYY in the 90s where he distributed free share certs of Pahang Consolidated to his guests.

Please look at these counters viz:-

MPHB Capital
IJM Land
Maybulk
Fimacorp
Riverview

Posted by ct888 > 2014-10-29 13:44 | Report Abuse

Thx cariyoyo for the insight. U are right there is no one interested in this counter now. Suffer some loss myself but no problem as my holdings small. Not selling n not buying either. Just waiting to see what game the Xie & co play

Posted by saltedfish > 2014-10-29 16:26 | Report Abuse

Lai Poh Lin, Bank of New York Mellon, Rickoh Holdings stakes - No chnage

Posted by saltedfish > 2014-10-29 16:27 | Report Abuse

KYY stakes through Kit Peng, Kit Yew, Sze Yan, Yap Sung Pang, Robert Snashall and himself - all unchanged

Posted by saltedfish > 2014-10-29 16:28 | Report Abuse

Ooi Guan Hoe with direct information on Xingquan increased his stake from a paltry 25,000 to 90,000 shares - which is very good

Posted by saltedfish > 2014-10-29 16:28 | Report Abuse

many tired holders had been selling off the last 3 months. They just dumped as they have lost money anyway - who care what they do!

Posted by saltedfish > 2014-10-29 16:30 | Report Abuse

KYY had announced to everyone that Xingquan was his worst investment in his life, even worst than Pahang Consolidated - "Pandai panda tupai melompat, akhirnya jatuh juga"

Posted by saltedfish > 2014-10-29 23:05 | Report Abuse

Why flagged? I was merely giving my opinion

Posted by candygirls > 2014-11-01 10:35 | Report Abuse

Down by vested party intentionally

Posted by ct888 > 2014-11-03 07:48 | Report Abuse

Xinquan is under operator controlled mode now as only small players in mkt.
Xie & co has done a good job by dumping to push down price at suppurt levels fr 0.73, 0.63, 0.56. Are they quietly n slowly accumulating now?

Posted by wahidpenang > 2014-11-03 21:57 | Report Abuse

My politically well connected bumiputra entrepreneur friend is visiting XQ in china this week

Posted by wahidpenang > 2014-11-06 00:30 | Report Abuse

Tak payah tunggu, tak kan sampai

Posted by saltedfish > 2014-11-07 08:03 | Report Abuse

Heavy selling last minute, not a good sign.

Posted by Azlirich > 2014-11-09 00:40 | Report Abuse

Buy.......buy.....

Posted by candygirls > 2014-11-09 00:44 | Report Abuse

Bye.....bye....

Posted by Fortuneball > 2014-11-11 23:31 | Report Abuse

0.30 soon

Posted by saltedfish > 2014-11-12 09:35 | Report Abuse

0.40 breached, sigh

Posted by JENNY6888 > 2014-11-12 15:23 | Report Abuse

Look like need to buy KFC liao @@

Posted by AyamGoreng > 2014-11-12 17:06 | Report Abuse

China stock breaks the lowest record again & again!

Posted by walau2u > 2014-11-12 18:09 | Report Abuse

Tis stock can buy if RM0.1 sen.....haha

Posted by saltedfish > 2014-11-12 19:56 | Report Abuse

I will buy at 0.30

Posted by Lewis Lee > 2014-11-12 21:05 | Report Abuse

Wait until 0.10 ! All red chips trading at 0.10 +

Posted by AyamGoreng > 2014-11-13 00:09 | Report Abuse

yes, red chips is unstoppable!

Posted by Fortuneball > 2014-11-13 00:10 | Report Abuse

0.30 cukup

Posted by AyamGoreng > 2014-11-13 00:11 | Report Abuse

I'll buy if it's reached at 0.13

Posted by Fortuneball > 2014-11-13 00:11 | Report Abuse

slow slow wait

Posted by fellatarjonga > 2014-11-13 09:22 | Report Abuse

Xingquan is going for a free fall. I have mentioned earlier that ex-officials in China who got the shares for free prior to Xingquan listing is selling through their proxies. They have no issue on the price that they want to sell. In fact, all Chinese stocks listed in Malaysia are goners as these officials own all their shares.

But I have been informed by a friend in China that Xingquan will doll out a small dividend i.e. 1.5 sen soon. Is hefty dividend if you calculate based on RM0.35.

Happy investing.

Posted by biggun > 2014-11-13 09:52 | Report Abuse

Sad to see Xingquan investors. Some of them bought Xingquan after attending Koon Yew Yin's seminars. KYY must have lost 70% of his investments in this stupid counter. Many investors are cursing Xingquan's directors at various temples. The AGM will be in January. Am sure some investors will bring rotten eggs to throw at them. If what fellatarjonga says is true then maybe it will climb back up to 0.50.

Posted by saltedfish > 2014-11-13 11:18 | Report Abuse

I don't think a 1.5 sen dividend is coming anytime

Posted by saltedfish > 2014-11-13 11:19 | Report Abuse

Even yes, it is too little too late

Posted by AyamGoreng > 2014-11-13 12:15 | Report Abuse

red chips where got dividend? give also 1-2 years only! don't believe those china con man.

Posted by fellatarjonga > 2014-11-13 12:20 | Report Abuse

The news that I received from China is quite reliable. There are news that the "owners" of various Chinese counters listed in Malaysia are cleansing themselves from their "free shares". This will allow the real owners more latitude to do what they want to do with the company. Xingquan might be the "star performer" in the year of Goat. If you believe that Xingquan is what the chairman mentioned over and over again in last year's AGM then load up by all means. Pity is that the chairman can't speak English.

He will give 1.5 sen dividend so as to avoid the rotten Omega eggs. But then again the Chairman and Ooi Guan Hoe might bring along Made In China "fake" eggs to throw back.

Posted by saltedfish > 2014-11-13 14:55 | Report Abuse

please stop your china conspiracy theory will you jokingfella

Posted by fellatarjonga > 2014-11-14 09:33 | Report Abuse

Dear saltedfish,

The truth hurts isn't it? The truth is that many investors who got invested into Xingquan are now regretting their actions. Even the biggest supporter of Xingquan during its initial listing, Mr. Koon regretted of his action and said sorry to those whom he asked to follow him into investing in this dud. Look at it for yourself, it was RM1.63 in 2010 and now it is RM0.36. That's a drubbing of 75% in networth. If you don't call this a dump investment, perhaps you can enlighten us. You have kept mumbling about this and that on Xingquan but I do not think you know anything much about it.

Fake eggs are representatives of those fake numbers that you see in its report. You can have them for breakfast.

Posted by cariyoyo > 2014-11-14 10:00 | Report Abuse

fellatarjonga,

Great name you have there. I read that you have friends in China who spilled the beans that Xingquan will pay out 1.5 sen dividend to its investor. While I have no resources to verify your comment or assumption, I do think it is possible, given the current outlook for Xingquan and other Chinese stocks i.e. do not attract investors in Malaysia. Nonetheless, I am very excited to check out the latest shareholders' statistics when the Annual Report is out soon. It would not be a good sign if KYY reduced his stakes in Xingquan because Xingquan has lost a Malaysian investor. However, I understand that KYY is still holding on as the losses is too huge.

saltedfish is just like you and I, trying to get more information on Xingquan through financial forums and I think you don't have to comment the way you commented above. I read saltedfish's comments and they were all reasonable.

The most important thing here is to pray and hope that Xingquan will recover. My take is that Xingquan has to frame up a dividend policy in order to instill or reinstall Malaysian's investors in its financial realibility which is sorely lacking for the past few years. Xingquan delivered dividend only once since 2011.

The fact is simple i.e. no dividend means Malaysian investors think that the account is fake. Consistent dividends and based on PE value, Xingquan will rise like China as it is today from its days after WW2.

Is really simple.

Posted by LongJohn > 2014-11-14 11:02 | Report Abuse

Fair and unbiased comment cariyoyo. And I also think salted fish is reasonable. The conspiracy theory of fellarjonga simply is out-of-this-world

Posted by LongJohn > 2014-11-14 11:03 | Report Abuse

...read too much Sherlock Holmes I believe

Posted by sangharimau > 2014-11-17 17:17 | Report Abuse

0.30 soon

Posted by AyamGoreng > 2014-11-17 17:34 | Report Abuse

ya ya ya, one week down one cent; 2015 definitely below 30 cent

Posted by sangharimau > 2014-11-17 17:50 | Report Abuse

Today down 2 sen

Posted by sangharimau > 2014-11-18 11:35 | Report Abuse

FA result on 19/11 evening. Net profit up 20%+

Posted by hamitouzhi > 2014-11-18 12:55 | Report Abuse

China company don't pay dividend even net profit 100%

Posted by sangharimau > 2014-11-18 14:45 | Report Abuse

So?

Posted by saltedfish > 2014-11-19 11:27 | Report Abuse

Dead

Posted by JasonPoh > 2014-11-19 19:58 | Report Abuse

Real dead

Posted by tasoke > 2014-11-19 20:07 | Report Abuse

LOw Pe, Cash rich, profit every year, high NTA,so what? Report is true who care, from china report, cash in china, who know, 30th Sep put back money in bank , 1st Oct cash out, who know, all sampah china counter tak bolih percaya punya.

Posted by rlch > 2014-11-19 20:42 | Report Abuse

Why people can chase IFCA 10X from lowest price without the company paying any dividend but not China stocks.

Posted by JasonPoh > 2014-11-19 20:47 | Report Abuse

Lost confidence lor