Why blame them(China-based stocks) only? Do all other stocks(cash rich and profitable) give dividend as well eg Comcorp, Frontkn, etc?
Posted by Ben Gan > Jan 1, 2016 12:29 PM | Report Abuse China-based stocks are scary!!! Don't look at XinQuan alone, look at all those listed not only in Bursa, but in Singapore and US as well.
Ask KYY to employ a biz scandal Detective & legal adviser to invest quietly. China has very good detective . Rather than sitting by not known what yhey try to do with the money , why not spend another few mil. Ti dig in their motives.
Can't Our Bursa stand out in corncerning the most Malaysian shareholders ? They should hv measured every necessary pro & con before this so call listed on klse and start receiving $$$ rite? Got to go to Bursa protest, otherwise this makan gaji buta fellow will ignoring the minor shareholders benefit. Bring it to another level KYY. Its hard but rather than dying without an answer.
For retailers they can just cut loss and left easily...but Uncle has stuck too deep into the mud (15% or more shareholdings). He even increased his shareholdings recently.
Unlike VS, Latitude, LiiHen and others, funds (fund managers as well) are following as they do agreed and believed with their fundamentals... thus u see the prices are breaking new high...Unfortunately Koon Koon thought that's due to his personal influence and he again tried to do it on Xinquan.
Now the Co is proposing for a rights issues...Shall Koon Koon follow? If follow then he has to put more fund into it (and stuck more), if dont follow then will see dillution in his shareholdings and also in share price...
Actually ks55 already hinted. Your trade payables at all time low ... inventory at record low ... and still want to buy knitting machines kah ? Ask any factory, they will tell u they will only buy if they cannot keep up with demand. Here the opposite is happening with absurd EPS for the Quarter to boot.
Go back to my original question ... how liquid is the cash hoard (assuming it is real ?). That money put in FD would have generated funds to pay dividend but ... wait come back and slap investors with RI some more.
I think the cash hoard has been used as collateral for their misadventures in china stock market. Probably up to their ears in debt. Local china bank also dont want to lend them money.
Strange part of all is that they have been at this game f or last 5 years going into 6th year. Malaysians are not only senile but patient and forgiving ... but i am not like my countryman.
and a day b4, KYY release an article on bragging why he buy XinQuan. the very next day walk out disappointed at the AGM. looks like its his typical modus operandi at work again.
may be he about to sell off then need to goreng so that got others to buy his portion. when everybody bought, he dump. After dump a lot, he not scare to shoot in AGM. Aiya, this is how he made money from small fishes lo
His profits from just latitud alone can cover 500% times of his investment in Xinkalun. he no need to exit, just use his 5% profits to cover his losses in xinkalun. Diversification is a good insurance policy for all investors mah.
Koon shld not just walk out He shld get few dozens of rotten eggs and pass to all the angry shareholders - who I suspect they know how to aim at the board of directors
Most public listed companies always take their minority shareholders (like us retailers) for a ride. Even though the companies can be making losses but their useless directors can still get their perks and fat directors' fees. There is no accountability and responsibilities of these directors; as when things don't seem right, they just resigned and "washed their hands" as no law here can convict them of their negligence and wrongdoings. Who are the losers ...... we retailers... trying to make some misery income via dividends payout and capital appreciation of the shares.
Bro U have to ask him not me....he sapu not I sapu...lol
His PLPman did mention several times that the biz indeed is very good so the China Boss purposely wanna delist it so can makan alone...maybe Koon knew his plan...maybe...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Ben Gan
107 posts
Posted by Ben Gan > 2016-01-01 12:29 | Report Abuse
China-based stocks are scary!!! Don't look at XinQuan alone, look at all those listed not only in Bursa, but in Singapore and US as well.