It is a "special" counter..........dam low PE of 2x (meaning, you can break-even your investment cost less than 2 years) as compare to industry average of 15x. Further, its profit margin is maintaining well for the past few years. Last but not the least, it has a very high NTA/share of RM3.35 which is 14% of the current value only. Worth of taking this risk.....On assumption its accounts if "fairly presented"....
I think this is the only "deepest' undervalue stock in BURSA ! Net cash per share improved from RMB2.60 in Jun2013 to RMB3.37 in Jun2014 to RMB4.15 in Mar2015 ! I am using RMB currency is to avoid any exchange gain loss adjustment in my calculation. NET CASH RMB4.15 per share is close to RM2.54 per share or only 20% of current price. It means this counter is trading at 80% DISCOUNT to its cash position. It is much better than mega sales (mega sales normally goes to 70%) in supermarket.
The latest annual report also shoe that our Stock King for the year - Mr Koon Yew Yin also own 4.3% in this counter. His latest post revealed that he only owns 5 stocks this year, and this is 1 of them
Can ask Warren Buffett privatises it at RM1 with current price 51cents? Then he can stilll earn at least RM1.5 per share exclude other asset. For current share holder, with around 100% gain, i dont think anyone will object. Isn't this is a good deal for all?
Cute Chinaboy, buy more and more on china conman stock next week. I will ask Warren Buffett to privatises one by one. You need $$$ and he also needs. Everyone should happy then... kikiki
hahaha.. If better than adidas, nike and etc, they already come to take over. Cash per share more than RM2 and now only RM0.51. Last time even worse, RM0.3x... When say something must think logic lah....
Yeah yeah yeah... Super cheap sale now, you better grab more before too late. A lot of ppl chasing this counter when IPO 1.7 down to 0.5 and now 5yrs aleady. What they get? Maybe you give yourself another 5 years and see how later. Since now only 5x... I guess not much you will lose.. worse is drop to 1x.. another -80%...
Hahaha.. Don’t get this too serious... a lot ppl like to challenge this and that... but when something really happen, they will quiet and disappear like smoke.. I think you are super dare newbie to these china conman counters... hope to have more ppl like you to push it up.. A lot ppl in trap will appreciate you..
Wow... limit up and limit up for conman counters? I respect ppl to dream big, but don't bluffing like 'TOK KONG' If until end of next week can touch 60. I give you my respect and quit from here....
Yup... I bet a lot here and I lost all my pants and underwears... kikiki.... But luckily I met one Martin SOHAI here.. very worth actually.. hahahahahahah.. everyday laughing until no tear drop.
Go hell np. But you no need to ask ppl follow,you can enjoy your heaven life. Kaki Kong Kaki Song, Kaki Bei Kaki Par, Martin Tok Kong. Malaysian con by local conman still fine, if keep con by China conman, then shame lah.... i hope you can prove me wrong in next 8.5 days, but your % is only 0.01%. History prove everthing, go find out if you are still blurr bblurred...
the main intention/ priority of small China company's come here to listing at Bursa, are to collect your hard money only & don't want to pay u dividend......just "GOOGLE" if u don't believe!
hahahaha.. don't play play with china doll lah Tok Kong Martin. I think you better go gim your GOD FATHER lan ciao aunt aunt, later you will see the roller coaster... lost peanut (until no underwear) for me is nothing, but playing with you chin nia song.. How many tonnes of Tok Kong are you? Everyday seeing you Tok Kong here and Tok Kong there.. Wakakakakaka
Again, How Bear + Song = Bird + Song = BLUE BIRD (Lan Ciao)? Where you graduated from? Don't Sia Sui your school lah. Let me tell you lah, Bear + Song = (Bei + Song) or Tak boleh song.. Dont know ask la, don't Keh Gao Gao
Should let u Tok Kong more about this counter, come come come, you have 7 days left to keep limit up and up and up and up..... I hold ttight tight my coconut tree to watching the show.
Martin Tok Kong left and now Simon Tua Pow lai? Hahaha.. you have multi characters lo.. keep up the good job! U r sick seriously and your GOD FATHER also can't safe you now.. 2 sad.
still playing ping pong at this level to flush out weak holder, eventhough the earning per share is 42 sen, Gave it a PE of 3 also will be rm1.20 a share
They are very clever shark.... End up they will swallow the company and left out nothing to you all. PAR reduction then right issue with discount price again. Who is benefit?
As at 30 June 2015, Xingquan Group has cash and cash equivalents of approximately RM886.55 million.
So much monies in account, but still thinking right issue to cheat more monies.
* Propose right issue is to buy machines with estimated cost around RM56.6M. How come with reserve cash more than eight hundred million, they can't use internal fund to buy it?
The Group plans to acquire 60 units of new circular knitting machines and 20 units of new warp knitting machines which are able to handle complex knitting patterns. The estimated cost for each unit of Circular Knitting Machine and Warp Knitting Machine are approximately RMB450,000 and RMB2,800,000 respectively (equivalent to RM306,630 and RM1,907,920 based on BNM’s exchange rate of RMB1.00: RM0.6814 as at the LPD). The total estimated cost for the knitting machines is approximately RM56.6 million or RMB83.0 million, of which RM25.9 million (under Minimum Gross Proceeds) and RM49.7 million (under Maximum Gross Proceeds) will be financed via the proceeds from the Proposed Rights Issue with Warrants with the balance funded through internally generated funds.
Pitty to the retailers and minor stakeholder, all China companies are same. They will create more ideas to cheat more $$$.
If you all still hold the shares and feel like been cheated. Go ahead to lodge the report to BURSA MALAYSIA. Let them investigate all the China companies.
With RM886.55m cash in the company already having difficulty meeting the worsening credit and market conditions in China, what make the Board thinks that the paltry sum of RM33.81m raised from both the rights issue and Warrants B exercised can help Xingquan in any significant way?
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Posted by Joe18 > 2015-07-10 17:16 | Report Abuse
Not all crashed ... XDL performed well today.... only good companies crashed. Xinquan & Msport