Given the market price which is akin to market confidence toward a stock, I am afraid general market reaction is that the account is in serious confidence crisis.
Mr. K should just mop up all the share and run the operation. NTA $2.8 vs 0.37 at current price? Also earning is so damm good. PE is less than 2. 2 yrs and you get back your ROI if you buy the company. Not to mentioned the cash cow.
There is no need wait 2 yrs (PE <2) as net cash is ~ rm1.6 . But nobody dare touch this counter so there is only one major seller and one major buyer. As can see peanut volume can swing the price both ways. The seller is obvious, Xie & co (most likely is proxy of big boss Xing quan), the buyer hidden behind. Can they be one and the same?
Xingquan shot up by 17% today! The Xingquan Q report was fantastic. They have prepared fake Chinese made eggs for their shareholders and potential shareholders. I noticed volume up today as many new investors are joining to try these Chinese fake eggs. Some even thanked them after having the fake eggs, not knowing that it will negatively affect their financial health.
Xingquan should just its tag to potential biggest company listed in Bursa Malaysia. Just like the guy who was arrested in Thailand recently, potential richest man in the world.
Maybe should consider lodge police report china, how is possible a healthy operating company with net cash of rm 1.60 can trade below 50ct. Get police investigate
On top of that still give u foc a share in a profit generating company with listing status. Where on earth to find such investment but still nobody dare to buy ???
XINQUAN is Timberland of China with their GERTOP brand. Just like what Li-Ning is to Nike and Adidas. Li-Ning already overtaken both Nike and Adidas... will GERTOP overtake Timberland ? from what I heard, GERTOP is going very strong in China.
Looks like only lodge police report to investigate only can know whether the cash is still there. Not even the auditor got any idea. If there r 100% certain cash is there, think they can easily find a big boss to sapu all. After all, is 30 cts for RM 1 cash. Where to find
aiya! these are typical China company pattern; mostly 100% same-same styles:- 1. pre listed, promised by CEO to give dividend on yearly in his IPO prospectus. 2. after listed, reluctant to pay dividend or some just pay a bit for 1st 2 year only, later nomore. 3. then later share price go down to 1/3 of IPO price. 4. then suddenly bad thing happens, buisness go down, factory burnt, report canot came out & bra bra. 5. end up share price breaks the lowest records, again & again; 1/10 of IPO.
counter ni tak guna punya, a/c byk cantik, cash in kata byk, tepi siapa tahu, kira kira , bursa ada abil berat kah? audit diapa punya di china, memang lulus lah a/c past.
why u all so worry about dividend, after give dividend, share price also reduced by the dividend amount. Most important is capital gain. As company becomes bigger, company value grows bigger. If give dividend, less money to grow the company. XINQUAN looks real to me because they have sales outlet in most shopping malls in China, thousands of them.
why? got dividend share price up up up la! example: Digi, Maxis, Uchitec & etc... no dividend share price down down down la! example: XinQuan, Msports, CSL & etc... you tahu tak tahu kah?
hamitouzhi, you have to be patience, let the company grow first. If more money are given out as dividends, they have less money to grow the company. You have to look a little bit further. If XINQUAN keeps cash and you see no growth, yes something is wrong BUT XINQUAN is growing at a very fast pace and they surely needs as much cash as possible to help the growth. IF you do not believe in them, simply don't buy it. Sorry Jason, what I meant was thousands of sales channels including the internet... you are right about their own sales outlets
going tru their latest results, the co is doing fine, very very low pe, high nta and the share price is only below 45 sen, should grab before it shoots again, if only Div is payable, then interest in this ctr would be greater
slow slow wait la! most China stock don't give dividend one; if give pay a little bit only & give also 1st 2 years only. please refer to 12's Bursa listed China company la! all rubbish company!
China surprise announce interest rate cut and world mkt soar. Likely xinquan boss has insider info that explains the big up since yesterday. A very cunning china man, he holds the trump card, call the shot here as only he knows the real status of the cash Xinquan got. All others like Kyy, auditor and ikan bilis like us can only guess
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195 posts
Posted by FatFLOM > 2014-11-19 22:12 | Report Abuse
Amazing result : One quarter can made RM37.291m or EPS of 11 sen