China developers buy big land again in iskandar. Uems got lots of land to sell.
Wait for news of big land sold by uems then u will see how uems rocket. The target price of rm2.60 alredi factors in big discount to its existing land bank.

Yes. The weakening ringgit can be a surprise +ve for uems as it may just reignite the interest of foreign investors in Iskandat

Strong backer behind is waiting for epf to stop dumping before pump up price.
Epf cannot be forever selling, is about time to stop. Uems will chiong before CNY, just watch

I believe it will break RM6, is only matter of time say in this week or next.
But big selling force expected at Rm6.60~6.80

Gaining momentum. Seller weakening

Up, up and Go

No steam alredi. Shd ve bit more leg to go.
Run before rm6.60

Hooray! Ho se liao!
Those scared of trap miss the boat

If merger go thru, Cimb will fall thru rm5 as Rhb now demands better term, meaning if accept Cimb will be even more disadvantage. On this logic, no way for merger to go thru.
Tmr announcemt will be merger OFF!

The merger will be called off tmr morning and gap up.
Last day to buy at your own risk. Nothing 100% in this world so buy at your own risk.

Likely insider got news Rhb taiko has up its condition to merge, which is unlikely to be met by Cimb, so they r meeting today to discuss

It looks like the party who wants out is not CIMB.
It could be RHB who wants out, as long as there is one party not in, they cant proceed and deal will be off.

Shd be insider news merger cant go thru. Waiting for official

Building up a reversal. When it breaks 1.29/1.30 signal new uptrend

Non stop dumping by epf think govt got big hole somewhere to cover.
Once epf stop, it sure up

I jump in alredi, of the opinion it will rebound soon as it has drop below half of public invest target price of rm2.60. Once govt fund stop dumping, it will recover.

Wah drop so much alredi.
Real attractive now. Look like time to place bet for bottom up

No change in authorized paid up capital and no change in number of issued shares. Funny move.
The edge mistook it as capital reduction, actual is only par value reduction. Don know what's the motive behind?

Theoretically it doesnt affect the asset per share, the new shares created are owned by company which in turn is owned by shareholders. But what is the motive of this move by the director? What the market see as the motive will affect the price

No capital reduction, pls read full article.
Upon cancellation,-
"...so cancelled and, forthwith upon such cancellation, the authorised share capital of the Company be increased to USD300,000,000 by the creation of 8,850,503,988 Shares of USD0.03 par value each",
Equal amt of new shares are created. So is just par value reduction resulting in huge creation of new shares. What to do with the new shates?

Is not capital reduction, only par value reduction, as after cancellation of USD 0.07 par value, equal capital of 8.85 billion new shares of USD 0.03 are created.
Big question is how the boss going to do with the new shares created?

Suffered 45% loss and exit alredi. No point waste time see how the conman Wu play.

Brent crude falls thru $60, now $59.97.
Run before is too late

Good suggestion

The ex-tax chief was being investigated in Nov for fraud in a local property purchase.
Whether Anta ceo is involved or not (of course he denied involvement) will not affect the operation of Anta, which is a financially strong company with PE ratio of > 20x (compared to say Xinquan < 2x), though Anta share price will be affected if its ceo is later found to be involved in the land purchase fraud case.
It will not be logical to link this land fraud case to all other shoe companies in Fujian, and there is no news involving others as well.
So Don't frighten yourself unnecessary.

Anta is huge shoe company in china. Xinquan, Msports, Maxwell are small fries in comparison. Where got so free for china officials to investigate the little fries, there r hundred thousands of them in china.
There are no news whatsoever that bosses of Xinquan, Msports, Csl,.. also got connection with the ex-tax chief.

Why follow KCC to spread the fear. Anta recent price drop due to its chairman close connection with fallen ex-tax chief. There r hundreds china shoe companies in fujian besides Anta and recent event (last wednesday) only afftected Anta and not others listed.
There r hundreds of high rank officers being investigated. If follow KCC logic, then china shanghai composite should have collapsed by now. But it shoot up 500pts in 3 weeks and is going to challenge the important 3000 pts very soon.

The cash holdings alone make up more than half of Xinquan assets and is way way above its current price @ 41cts.
So by just checking this item alone, just this one item is enough for all shareholders to continue to support this counter. Is a very small price to boost up the image of Xinquan and its value

To know the true value of Xinquan, best way and simplest way is to propose in AGM to appoint an independent auditor (of big name like Price waterhouse) with the sole purpose to validate the cash holdings in bank.
It won't cost much as only job is to double triple check its bank balance, and it will do great help to the share price. Think majority of shareholders shd support it

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.

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!!

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.

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

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 ???

Shanghai composite has surged 500pts in 3 weeks, close at 2937 today, just 63pts away from 3000pts- surpass it will signal the super bull run begining. With the oil continue droping which is great for china consumer counters, and ringgit also slide to don know when, XDL is the rising gem

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

Ringgit continue sliding. Good for XDL

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

All shareholders in their right mind shouldn't oppose close shop.
The aim for all is to make money so if closing shop can make so much return by right nobody will object

Think got to go AGM suggest to close shop and distribute the rm1.70 /share back. After all what business can make 400% immediate; Xinquan can by simply closing business

Ringgit big drop is big negative for klse but actually is big positive for foreign companies listed here as their values are in foreign companies, especially china company as ren min bi is strong.
So say if RM drop 3%, china stock in ringgit should theoretically up 3%. But the market does not see this yet. Soon when investors cool down after panic, they will realise this.

So many info which one chun.
I believe cariyoyo.

Whole klse market collapse mainly due to oil drop which drags down the ringgit.
Fundamentally this actually is good for china based stocks as they r valued in ren min bi.
So ringgit drops, china stock in ringgit shd rise. And when oil drops china consumers got more money to spend so china consumer counters shd rise in long term.
Though fundamentally for xdl is good, but general market sentiment is very bad and many just follow the trend to sell in panic. When selling cools down, xdl will bounce

The downside bottom is 10cts, this would be half the worth of the 1.2 mil sqft factory valued @ 20cts, everything else would be a bonus.
The upside potential is 50cts or > if the accounting figures r true.
Meaning at current price 13 cts, u r betting 3 cts loss against a potential win of 37 cts or more. Not bad a deal.

Yes u r right. Half a year back there were many ghosts who bought this at > RM 1.
Ghosts do exist in bursa

Even if Xinquan want to sell all his stake, it could turn up to be good for the share price if he is selling > 40cts. The new guy who take over might just goreng up this stock.
What make so many worry he will sell below <40 cts. Even his proxy Xie also stop selling below 54 cts. Xie sold 2.5% shares from 73 to 54cts, avg selling price ~ 65cts, which is still much better than 40 cts now.
If Xinquan want to sell his whole stake for <40 cts, wouldn't it make sense for him to start disposing bit at least at similar price as Xie and not now 40cts.
Who know maybe he will sell all above > RM1

Q3 revenue shows revenue continues to increase steadily though slowly for this year.
Profit slight drop due to increase in expenses. Results are realistic, PE is low at 5.3, with solid asset backing. China shanghai composite has surpass 2500, then 2600 in a week. HK listed china share also starts to move. Is only matter of time operator will goreng this stock, 1 week, 2 or 3, if u can hold

Q3 revenue & profit better than q1, revenue slight better than q2 but profit slight drop from q2.
Consider flat for this year but share price has plunged to record low.
In fact if u look at the asset, even if u completely discount all the cash take it as fake, the asset of factory & machinery which the auditor can see by eye already adds up to rm > 20 cts. This is way above the 13.5 cts.
If xdl were to close shop today and the boss had run away with all its cash, just by selling its factory can get back > 13.5 cts . Not to mention the listing status, the brand n the business.

The announcement made to bursa is like no announcement. Beware, if price goes down to 23 again would mean game over for this counter

Looks like a trap. There is no need for 3 day suspension as no deal is being finalised.