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2013-11-27 09:27 | Report Abuse
Yes Fam Jenny, has provide corroborative evidence of CSL sales and profit. Why would you cook up profits and pay so much taxes which runs to 63 milion. Without the cash pile CSL would have called for rights issue etc. This company has relatively low borrowings, and sometimes you borrow from the banks to maintain relationship, what the hell is the interest paid to the bak coompare with the profits CSL generated.
2013-11-26 09:49 | Report Abuse
Multiple proposal: return cash to shareholders 20 sen per share. Consolidate 2 shares into one. So investors hold on to your shares as your holding will eventually be free.
2013-11-26 09:26 | Report Abuse
The worst performance stock on bursa. EPS better than UEM sunrise, share price 19.5 sen. Malaysia lousiest stock Mana Ada System announce big loss share price 31.5 sen. CSL 3Q profit 50 millions, can easily buy back maximun 10 % on shares.
2013-11-22 16:46 | Report Abuse
Datuk said diviend is 1.8 sen - cannot be out of nowhere.
2013-11-22 16:42 | Report Abuse
But then again 10% of 1 billion missing is already very material and wouldrequire a qualified audit report. What is the punishment in China for fraud?
2013-11-22 16:33 | Report Abuse
When datuk buy CSL, there must be good news. Anybody understand the concept of materiality in auditing. The ash in CSL is so material that it is imposible for the auditor to overlook the 1 billioncash in hand, if they do the chances of negligence would be very high and investors are ikely to be successful in any legal suit against the auditors, as the court would rule that 1 billion is too big for the auditors to miss or mess up in auditing.
2013-11-14 10:59 | Report Abuse
Just wait and see. All CF has to do is to announce said 5 sen or more dividend and the reality will be unveil.
2013-11-14 10:46 | Report Abuse
CSL should announce EPS per quarter as 1 sen, and everybody would be satisfy and the share price would then fly. Why would CF want to announce eps of 4 - 5 sen per quarter and bluff every investor, the more the eps the lower the share price. I think right now he can't be bluffing the only reason is CSL is showing the real thing.
2013-11-14 10:34 | Report Abuse
There are others too good to be true story on klse. Look at Heveaboard - NTA $2.60 share price now 93 sen. EPS 3rd q 14 sen.
2013-11-08 16:01 | Report Abuse
Those questions posed by the edge may have dire cosequences on the auditors as they have been severely put on suspicion as to whether they have execute their duty of care owe to shareholder.
2013-11-08 10:47 | Report Abuse
Today volume will hit 50+ million
2013-11-08 10:43 | Report Abuse
22 sen habis dimakan, long overdue for action.
2013-11-07 15:55 | Report Abuse
Next to be play CSL after XDL and CAP.
2013-11-07 15:39 | Report Abuse
This morning mentioned XDL and CAP, now you look how the two shares have dropped. CSL is still the best as syndicate can't do what they like.
2013-11-07 15:14 | Report Abuse
Wait till you have no bullets, the bird will start to fly.
2013-11-07 14:35 | Report Abuse
Datuk mandarin is old pin yin. The new pinyin is xin dian yi bai and ban sheng bu lu bu sheng.
2013-11-07 13:01 | Report Abuse
I think CSL is a must have in your porfolio now All the other china shares like XDL, CAP have shot up drastically. Earlier my ranking of CSL is above all these shares. For example XDL, if you have visited China, and visited one of the shoe city you be frigtened by how competitive shoe making is. CSL is able to generate the kind of sales volume, liken to be monopolistic.
2013-11-07 12:32 | Report Abuse
Why replacement CEO is not so important? This is strictly family runned company,
The experienced management team is spearheaded by Executive Chairman, Chan Fung @ Kwan Wing Yin. Chan Fung @ Kwan Wing Yin is supported by Executive Director, Angus Kwan Chun Jut, Executive Director and Kwan Wing Sang, the Vice-President of Procurement, Production and R&D. In aggregate they have more than 45 years of experience.
2013-11-07 12:22 | Report Abuse
Wahaha queue at 22 sen sudah dapat pagi ini.
2013-11-07 12:13 | Report Abuse
My assessment of CSL cash position.
If cash is missing:
1) Pilferages by employees (maximum 3%) = 30 million.
2) Management fraud (maximum 5%) = 50 million.
Balance of cash still more than 92 %. Still very safe to buy CSL share at 22.5 sen.
If 100% cash missing, CSL will be heavily indebted and rely heavily on loans for survival and the managemnt team would have disappear. Somehow, there is still no bad news out from CSL which means cash is still 100% intact. CSL has been challenge by TKO and the executives remain silent.
2013-11-07 11:46 | Report Abuse
Hi mother rabbit, unfortunately, Malaysia is not a market for CSL product, see below extractd from CSL website
Global Network
Our products are currently sold globally in over 45 countries to more than 400 customers (including distributors, retailers and corporations) located mainly in China, Asia (including Hong Kong, India, Indonesia, Japan, Kuwait, the Philippines, South Korea and Taiwan but excluding China), Europe, America and other regions. Our plastic filing and storage products are proven to have gained worldwide acceptance.
2013-11-07 11:17 | Report Abuse
If the cash is really missing, sue CF for misrepresentation, sue the auditors and bursa for negligence.
2013-11-07 10:40 | Report Abuse
Today volume is extremely low, calm before a storm, two more weeks to announce quarter results. CEO replacement still not announce. CF has through Chinese press mentioned CSL as having 1 billion cash and that CSL is an undiscovered gem.
2013-11-07 10:34 | Report Abuse
Hi Wahaha, what bad news do you anticipate?
2013-10-29 11:48 | Report Abuse
To Sailor,CSL is managed by father and son dictatorial style, CEO is not so important, that is why until now no news on CEO replaceent.
2013-10-29 10:43 | Report Abuse
Wait for TKO to dump and bring down to 18 sen hihi.
2013-10-29 10:10 | Report Abuse
No need to ask, TKO was definitely accumulating Puncak .
2013-10-29 09:43 | Report Abuse
The Edge cn actually arrange and interview CF etc. as aform of investor relation, why is it not doing so and write bad things about CSL.
2013-10-29 09:26 | Report Abuse
Hi Sailor, I am watching and waiting.
2013-10-29 09:24 | Report Abuse
Be careful TKo can swallow up CSL anytime, just waiting for bad news to come but highly unlikely.
2013-10-25 14:03 | Report Abuse
The simple maths for CSL is this. There is no more selling by the major shareholders after demised of CEO. CSL will buy back its share at 20 sen. Pelikan shareprice has gone up quite a lot, CSL can sell the rest of Pelikan shares to buy back more CSL shares. How much provision or write-off can CSL made for estimated mssing cash or other bad debts if any? First half results already earn 10 sen per share, even if for the rest of the year it loses 10 sen per share which is very unlikely, the share is still a good investment.
2013-10-25 10:55 | Report Abuse
Wahaha, I m sure you kept some CSL in your portfolio in case it just shoot up.
2013-10-25 10:48 | Report Abuse
There are so many rumours on CSL until now no bad news from CSL except demised of CEO. I am very sure if you think of long term, there are much to gain. This counter I consider if Warren Buffet is here he will swallow the stocks now.
2013-10-25 10:19 | Report Abuse
David, these few days CSL - climb slowly lah, once every buyer made profit, the musical chair will start. Warrant also start to move
2013-10-25 09:51 | Report Abuse
Still the laggard amongst all china listed share on klse.
2013-10-25 09:44 | Report Abuse
Once breakthrough 24 sen, fly fly fly should be at XDL price.
2013-10-24 16:34 | Report Abuse
Datuk, I am putting my 30+ years experience on investigation and auditing on this counter at rock bottom price.
2013-10-24 16:29 | Report Abuse
Wahaha, I predict 3rd quarter EPS 4 sen no red color.
2013-10-24 16:26 | Report Abuse
At this price you buy CSL. the most you can lose is your underwear. Hahaha!
2013-10-24 16:22 | Report Abuse
Wah, the way XDL fly, very soon CSL will also fly. Perception on china shares are changing.
2013-10-24 16:02 | Report Abuse
Eversince the article by TheEdge, people have been noticing this counter and the trading patterns also have changed. Usually, if you holds the shares and notice the price have gone up by 1 or 2 sen, you can sell first and then buy back at 1 to 2 sen cheaper at the end of the day, and have an intraday gain.
2013-10-24 15:48 | Report Abuse
Wahaha, open market 50 million so easy to find a buyer without any plot?
2013-10-24 15:45 | Report Abuse
The business world is very dirty at times, when you know someone is sick and wanted to sell his shares, you can see this as an opportunity to buy by negotiation, and when this fail you can resort to other means like those shown in movies.
2013-10-24 15:37 | Report Abuse
CF sold 50 million share, this is less than 5% the buyer could be "kaikinang", and the big fish control the play,if you have money you pick up you won't lose. If you have bought at 20 sen, you will be smiling now.
2013-10-24 15:26 | Report Abuse
For an undervalue counter, the strategy is to buy the warrant with 5 years to expiry. Just buy 100,000 and hold for 6 months by then the value oould have double.
Stock: [CSL]: CHINA STATIONERY LTD
2013-11-27 15:34 | Report Abuse
If you don't trust the company don't buy the shares as simple as ABC. No point to analyse here and there.