Posted by ct888 > 2014-12-05 09:33 | Report Abuse

Today annual report shd out. See if the auditor signed for it.
If so, can consider to sue the auditor because it is simply impossible.
Just like MOL got sued now

Posted by sangharimau > 2014-12-05 09:44 | Report Abuse

AGM to give another warrant, no way

Posted by taijackong > 2014-12-05 09:53 | Report Abuse

where is my 5 sen dividend.....???

Posted by talkrealreal > 2014-12-05 10:52 | Report Abuse

泉州市國稅局前局長蔡俊偉涉貪落馬, Xinquan CSL MSport能否逃过一劫？
http://klse.i3investor.com/jsp/blog/blpost.jsp?blid=1426&blpid=65882

Posted by mukah > 2014-12-05 12:31 | Report Abuse

Mr. Koon has sold all his Xingquan shares quietly while telling everyone who bought it upon his advise that he is still keeping them. He is quite insincere to say the very least. KYY could be the one responsible pushing the price down to RM0.40. Do not listen to his stock promotion anymore. He encourage people to buy and sell them quietly. He should be ashamed of his actions.

What you guys got to say???

Posted by fellatarjonga > 2014-12-05 13:02 | Report Abuse

why do you say kyy sold his xingquan shares??? he is still keeping them as what cariyoyo said. you should get your facts right, mukah.

Posted by cipapo > 2014-12-05 13:02 | Report Abuse

because he wants to buy low from you la ...what else

Posted by ct888 > 2014-12-05 13:09 | Report Abuse

Kyy must get advice fr his cousin auditor b4 selling.
Can't sue kyy for misleading advice because he always put disclaimer but can go after his cousin who endorse the cash holdings of Xinquan

Posted by Rabbit2 > 2014-12-05 13:43 | Report Abuse

Mr Koon in fact increasing his holdings based on the latest annual report

Posted by TanSriDato > 2014-12-05 15:52 | Report Abuse

I disagree with Rabbit2 that Koon Yew Yin increased his shareholdings in Xinquan, based on the latest Annual Report 2014

Posted by TanSriDato > 2014-12-05 15:54 | Report Abuse

As a matter of fact, KYY has 25,700,800 Xinquan shares in 2013 through himself, Koon Cze Yan and Yap Sung Pang. But he only has 25,252,300 shares in 2014 and he disposed off 448,500 in 2014

Posted by TanSriDato > 2014-12-05 15:56 | Report Abuse

That is still ok as it is only 448,500 shares short considering he is a "long term" (by virtue of kena stuck) investors

Posted by TanSriDato > 2014-12-05 15:59 | Report Abuse

What is worrying is the fact the Bank of New York Mellon trimmed its holdings in Xinquan drastically from 22,398,031 shares to 17,319,400 shares, a disposal of 5,078,631 shares or 1.62% from 2013. And the trend is continuing because they are still selling through HSBC

Posted by TanSriDato > 2014-12-05 16:03 | Report Abuse

To make the matter worse, another fund manager, Kas Bank Effectenbewaarbedri from The Netherland cut its holdings in Xinquan from 4,472,943 shares to only 1,285,843 shares, a 71% disposal of what they used to have.

Posted by TanSriDato > 2014-12-05 16:07 | Report Abuse

The private placee, Xie Zhidong, cut his private placement block from 30,733,000 Xinquan shares to only 21,382,700 shares, a net disposal of 30.42% of what he used to have!

Posted by TanSriDato > 2014-12-05 16:09 | Report Abuse

Surprisingly, he sold at prices ranging from 65 sen to 50sen since 7/8/2014 in the open market even though the private placement issue price he paid was RM1

Posted by TanSriDato > 2014-12-05 16:12 | Report Abuse

Taking a median price of say 58 sen, this would mean that he would have lost a cool RM5,423,174 in the span of less than 3 months! Ooouch....

Posted by TanSriDato > 2014-12-05 16:14 | Report Abuse

...and now with a market price of only RM0.40, he is sitting on a paper loss of RM12,829,620 !

Posted by sangharimau > 2014-12-05 16:17 | Report Abuse

Thank you Tan Sri for the detailed analysis, at least we not not talking air

Posted by sangharimau > 2014-12-05 16:19 | Report Abuse

cariyoyo
Dec 4, 2014 09:59 AM | Report Abuse
New York Bank of Mellon increased its stakes by 4% in 2013 from 9,983,003 shares or 3.25% in 2011 to 22,398,031 or 7.29%.
Save for KYY and group, Bank of New York Mellon and Rickoh showed continued confidence in Xingquan from 2011 to 2013. Would they be holding the same amount, increased or decreased in 2014? Please note the holdings for Bank of New York Mellon on the up coming report as it would tell a lot.

@cariyoyo, BNY Mellon dumped the shares !

Posted by sangharimau > 2014-12-05 16:20 | Report Abuse

so did Robert Wing-Yee Snashall, he flushed out all his 1,106,000 shares to ZERO

Posted by cariyoyo > 2014-12-05 17:09 | Report Abuse

Let us calm down a little here as some of you guys are setting off on wrong footing. First of all, Koon Yew Yin and group added 461,257 shares from 28,501,043 shares reported in year 2013 to 28,962,300 this year. KYY himself has increased his stakes from 10,146,200 shares recorded in 2013 to 14,835,700 shares this year, an increased of 4,689,500 shares. Yap Sung Pand decreased his stakes by 1,176,343 shares from 7,592,943 shares recorded in 2013 to 6,416,600 shares this year. Kon Cze Yan, KYY's daughter maintained her stake of 4,000,000 shares. KYY's wife, Kit Pheng sold 1,440,000 from 4,000,000 to 2,560,000 shares and her sister, Tan Kit Yew shed 350,000 shares from 1,500,000 shares recorded last year to 1,150,000 shares this year. In a nutshell, KYY's group continued to hold steady on Xingquan by adding additional 461,257 shares.

Second of all, Koh Kin Lip's group held 10,249,300 shares compared to 9,957,300 shares a year ago, an increase of 292,000 shares. The increase was possibly through his wife Madam Lai, who is also a director in IOI Corp.

Third of all, we noticed several newcomers who might be associated to KYY (require verifications). I have somehow reasons to believe that KYY might have conducted some cross holdings of his Xingquan shares through children, relatives and friends.

The bad news was that Bank of New York Mellon trimmed its holdings from 22,398,031 shares in 2013 to 17,319,400 shares in 2014 or a decrease of 5,078,631 shares. This is indeed a dampener.

I hope they do not continue flushing out their shares as this would place Xingquan down to RM0.20. My view is that Xingquan must doll out dividend, if not is going to be like XDL.

And lastly, Mukah, you were wrong. You might have based your comment after reading the warrant shareholders???

My 2 sen worth.

Posted by saltedfish > 2014-12-05 17:46 | Report Abuse

張國志http://klse.i3investor.com/blogs/somethingbighappenedinliihen/65882.jsp
is beautifully written. Syabas!

Posted by saltedfish > 2014-12-05 17:48 | Report Abuse

Cariyoyo, no point talking and repeating how KYY amassed his 'biggest mistake in stock investment' in the form of Xinquan in 2013. The fact is he reduced, albeit a small one

Posted by saltedfish > 2014-12-05 17:49 | Report Abuse

Credit and applause must be given to TanSriDato for his pin-sharp analysis.

Posted by saltedfish > 2014-12-05 17:51 | Report Abuse

KYY & Gang, Koh Kin Lip & wife investment in Xinquan are all "dead meat", looking at the timetable when they first acquired those shares

Posted by saltedfish > 2014-12-05 17:52 | Report Abuse

The exit of BNY Mellon and Kas Bank in Xinquan are further testament of lost faith in Xinquan, as they are both professional money managers

Posted by saltedfish > 2014-12-05 17:55 | Report Abuse

Whether the newcomers are indeed KYY or Ricky Koh's nominees acquiring those shares is anything but just a wild guess. Anyway, since both have lost so so much in Xinquan shares, it is hardly any surprise they averaged down their holdings but I am sceptical these new names are indeed KYY or Ricky Koh nominees

Posted by saltedfish > 2014-12-05 18:02 | Report Abuse

The only consolation I see on the latest shareholders list is the addition of Xinquan shares by Ooi Guan Hoe's sister (?) Ooi Siew Looi from 2,530,300 to 2,946,900 shares and his brother Ooi Cheng Huat from 916,000 to 1,056,000

Posted by saltedfish > 2014-12-05 18:03 | Report Abuse

On top of that, of course, Ooi Guan Hoe added 60,000 shares throughout 2014 to bring his direct shareholding in Xinquan to 90,000 shares, Lol

Posted by dlsh2 > 2014-12-05 19:12 | Report Abuse

I think cariyoyo was right on the shareholdings analysis. But when the hell are they going to give dividend????

Posted by ct888 > 2014-12-05 20:06 | Report Abuse

Dato Wu still want authority to issue new share in new AGM. But at what price can he issue? Xinquan net asset per share is RM2.6 (By now is ~RM 2.8 due to plunging ringgit). Earlier he issue to Xie at RM1, but Xinquan price is only 41cts now. Issue at 40 cts when asset per share is RM2.80, cash on hand at RM1.80 ???

Posted by ct888 > 2014-12-05 20:08 | Report Abuse

A lot of things do not make sense here.
Must attend AGM to add to agenda to sack the auditor.

Posted by saltedfish > 2014-12-05 21:43 | Report Abuse

Lets go and sack them this 29/12

Posted by TanSriDato > 2014-12-05 22:19 | Report Abuse

cariyoyo, it seems you must be a person within the inner circle of Koon Yew Yin to be able to identified his wife and her sister's names.

Posted by TanSriDato > 2014-12-05 22:24 | Report Abuse

If Tan Kit Pheng is indeed KYY's wife and Tan Kit Yew is her sister, then I have the following number to support my point that Koon Yew Yin sold a total of 2,238,500 in 2014, instead of my earlier calculation that he only sold 448,500 Xinquan shares

Posted by TanSriDato > 2014-12-05 22:26 | Report Abuse

1) Koon Yew Yin, Yap Sung Pang, Kon Cze Yan, Tan Kit Pheng and Tan Kit Yew hold a combined 31,200,800 Xinquan shares in 2013

Posted by TanSriDato > 2014-12-05 22:26 | Report Abuse

But
2) Koon Yew Yin, Yap Sung Pang, Kon Cze Yan, Tan Kit Pheng and Tan Kit Yew hold a combined 28,962,300 Xinquan shares in 2014

Posted by TanSriDato > 2014-12-05 22:28 | Report Abuse

(2) - (1) = 2,238,500 shares, that mean Koon Yew Yin & associates SOLD 2,238,500 Xinquan shares in 2014.

Q. E. D.

Posted by TanSriDato > 2014-12-05 22:33 | Report Abuse

That is a bad sign for Xinquan, because all the TOP 5 shareholders i.e. :

1) Koon Yew Yin & associates SOLD 2,238,500 shares
2) Bank of New York Mellon SOLD 5,078,631 shares
3) Kas Bank Effectenbewaarbedri SOLD 4,472,943 shares

Posted by TanSriDato > 2014-12-05 22:38 | Report Abuse

These 3 top shareholders dumped a total of 11,790,074 Xinquan shares or 3.84% of the total issued shares of Xinquan in 2014, just a shed to make someone a Substantial Sharedolder (5%) in Xinquan !

Posted by TanSriDato > 2014-12-05 22:40 | Report Abuse

Then who absorbed these dumping of 11.79m shares? The answer may well lies in the total number of shareholders of Xinquan !

Posted by TanSriDato > 2014-12-05 22:46 | Report Abuse

That is because in 2013, Xinquan has a total of 1,898 shareholders while in 2014, there was a spike of 10.9% in the number of new shareholders to 2,104 in the year 2014. That mean these shares were distributed in the downward process that dragged Xinquan shares price from above $1.00 to 40 sen now

Posted by TanSriDato > 2014-12-05 22:48 | Report Abuse

And that is not a good news to Xinquan shareholders because these 11.79m shares simply were bought and hold by insignificant retail investors instead of some prominent names or institutional investors

Posted by TanSriDato > 2014-12-05 22:51 | Report Abuse

The situation of Xinquan is akin to from bad to worse, because more kucing kurap investors are the shareholders of Xinquan now. Sigh!

Posted by dongipas > 2014-12-06 07:30 | Report Abuse

Read most of the comments and noted the analysis of TanSri and cariyoyo. Very detailed analysis. Koon Yew Yin is a heavy investor judging from his stakes in several listed companies which easily make him worth RM500,000,000. Xingquan was his wrong call. But at such low price, I certainly believe Koon and his friends can quite easily prop up this counter. But I think the lack of business clarity and dividend on the part of Xingquan must have shy them away. Cariyoyo mentioned that Xingquan must start looking into dividends and I fully agree with him or her because it is paramount for Malaysian investors.

A lot of investors think Chinese counters listed in Malaysia are cheats but I sincerely believe not all of them. Could Xingquan be the odd one out?

Chok Chew Lan is a developer and quite involved with Magna Prima previously. Speculators are buying into Xingquan as I can see from the list of shareholders. Is very very cheap and doesn't take much to prop up the price. What you need is confidence to be restored.

Just imagine if Koon decides to strike a deal with Xingquan to recoup his investment? He can develop this deal with Rickoh, Chok and those several high networth individuals. Only catch is what Xingquan can offer them in return? Is all about business. No one want to get into a business to lose money. Imagine what would you do if you are Koon and Koh Kin Lip? We are not talking about small timers here. They are big guns.

I will continue to buy Xingquan at this price. If they went in at RM0.80, I already got one for one bonus.

Remember IOI when it was in 1987? It was RM0.25

Posted by ct888 > 2014-12-06 07:37 | Report Abuse

Tan kit pheng is indeed kyy wife, as kyy said so before.
Lets just analyse kyy holdings- he hold a total of 14,042K shares in 2013 and now in 2014 a total of 14,834K shares in 2014 but interestingly thru a much diff combination of nominee ac.
This shows clearly one thing, he has sold and then buy back (of course at lower price).
Most importantly is he buy back. His other associates may not buy back.
And Xie did not dump after selling continually from 73-53 cts.
Meaning at below 50cts, no big investors selling (small panic investors selling), the big ones are buying back.

Posted by ct888 > 2014-12-06 07:40 | Report Abuse

And Kyy will continue buy back because it is still around 40 cts.
So don be fooled to sell to the big sharks.
They are buying back now!!

Posted by ct888 > 2014-12-06 08:53 | Report Abuse

I'd guess kyy sell in the range rm1-60cts, so avg 80cts.
Now is only ~40cts, doesn't it make sense to buy back.
Afterall, the big boss still holding.

Posted by talkrealreal > 2014-12-06 09:21 | Report Abuse

Good analysis by Tan Sri. Based on the shareholders list on 10/11/2014, Koon YY & associates have sold more than 2.5m shares from the previous shareholders list ending 11/2013. And I suspect he and associates continue to sell Xinquan shares because only after 10/11/2014 we see the shares price plummeted to as low as 36.5 sen