Will be a good dividend stock if they are willing to continue with the generous dividend payout of 40 sen for last 2 years. On the downside, is the Co's inability to "monetize" to create value from the massive land bank especially in Penang. They bought a beautiful piece of land at Jalan Dang Wangi opp the Dang Wangi Police Station but use it as a car park since mid-1990s.

There is no way KYY can "take over" the company as the Chinese major shareholder holds 55.53% in the Company. Also it is almost impossible for the QR to be released by tomorrow, 7 June 2016 as the unaudited results are obviously not finalised after the CFO officially left the Company on 30th April 2017 on the expiry of his contract. Also, even if the accounts are ready, would the remaining Audit Committee members wanted to clear it in time for the Board's approval?

Important questions that begs answers:
(1) Why did the Board of XingQuan waited until the CFO's contract expired on 30/4/17 without getting a replacement? They would have known that his contract is due for expiry/renewal and yet they have not acted earlier to ensure the Company is not without a CFO based on the current turn of events.

(2) Why did the Chairman of the Audit Committee resigned "suddenly" (as disclosed in yesterday's announcement) on 29 May 2017? Also, the announcement on the resignation of the Chairman of the Audit Committee was only made on 1 June 2017, 3 days after the event took place which is a kind on non-compliance to the Bursa Main Market Listing Requirements as such changes in important positions are to be announced immediately.

I used to stay in Seri Petaling and my parents still live there. Before investing, consider the following:

(1) Seri Petaling is on leasehold with most existing properties left with only about 60 or 62 years left before expiry. Most banks would not want to finance properties with 50-60 years left on the lease.
(2) The commercial area accessibility is very poor due to bad planning and developer's profit maximization by building lots of shophouses. The traffic jam and parking problem during office hours are really bad.
(3) Most of the houses there are built in the 1970s and 80s. My father's double storey house have termites problems, leaking pipes etc. If you pay RM800-900K for a terrace house, be prepared to fork out at least another RM100K just to make it liveable...

Calvin,

KEuro is no longer associated with Talam after IJM took over with MWE and Mamee MD. The entire Talam stake will be sold back to TS Chan Ah Chye. KEuro is now the vehicle used for the West Coast Expressway concession. The other valuable asset in KEuro is their 40% interest in Bandar Rimbayu, developed by IJM Land.

The West Coast Expressway (WCE) is only expected to complete its first phase and tolling to start earliest in 2018. So, there will not be much returns between now and 2018. Most of the construction packages for the WCE will be undertaken by IJM.

Great analysis. Just to share a bit as I am a Notion shareholder and have attended a few of their AGMs to ask questions directly and to have a feel of the management and board. Icon is right in saying that they were rather "Gung-Ho" when doing hedging and going into the silver mining business. It is really a bad decision to hedge so much when there is a "natural" hedge in place, i.e. some of their inputs are imported in USD vs Sales. Instead of focusing on their HDD and Camera, they have wasted time and effort into business/investment which are not their strength. If I have the time, I will go their their AGM next month to grill the Board and management......

Not a complete picture on XinQuan's operations. Shoe Soles and Leisure Footwear segment which comprised around 67% of its turnover in FY2010 have been reduced to 44% of its FY2015 turnover. Apparels and Accessories have increased its share of turnover from 33% in FY2010 to 56% in FY2015. Almost all of its Apparels and Accessories are outsourced to OEM manufacturers. Profit margin is about 35%. (Source: audited accounts for FY2010 & 2015) XinQuan are doing less in-house manufacturing today compared to 5 years ago.