Posted by sparkrider > 2018-06-01 13:50 | Report Abuse

Dont buy warrant..buy mother better

Posted by lbp83 > 2018-06-01 16:47 | Report Abuse

I think company will buy back warrant and push up mother share to higher,after say bye bye

Posted by lbp83 > 2018-06-01 16:51 | Report Abuse

Company let mother share down n down,after they collect its, maybe push up this few month

Posted by 1234rich > 2018-06-02 05:56 | Report Abuse

LIKE most China-based companies listed on Bursa Malaysia, XingHe Holdings Bhd has been affected by a negative perception that is weighing down its share price. Its loss-making edible oil business is not helping either.

A penny stock, its share price has fallen more than three-quarters from its peak of 27.1 sen on May 28, 2014, to close at five sen last Thursday, giving it a market capitalisation of RM128.7 million.

It slipped into the red with a net loss of RM6.68 million for the financial year ended Dec 31, 2017 (FY2017), compared to a net profit of RM23.6 million a year ago, mainly due to declines in sales volume and lower selling prices, especially for peanut oil.

The net loss has cast a pall over Xinghe, and led some investors to feel that the company may be like some of its Chinese peers, where losses were followed by accounting issues, such as failing to submit annual financial accounts.

Hoping to turn things around, the company has decided to venture into seafood processing, with operations based in Bukit Tambun, Penang.

This will be XingHe’s first venture outside China, says non-executive chairman and senior independent director Stephen Ng Min Lin.

“We want to move the perception of XingHe more towards our local (Malaysian) operations and spread out the risks so that investors notice that unlike other China-based companies, we actually have operations here,” he tells The Edge in an interview.

He says the pre-tax profit contribution from the tuna-processing joint venture is estimated to be about US$1.6 million for FY2019 and US$1.8 million in FY2020.

“We will be renting a factory on a 7.5-acre piece of land in Bukit Tambun. The plant is a modern facility, but we need to modify it for our tuna-processing lines,” he says.

Modification work is expected to be completed by July before the processing lines can be run at full capacity.

“The existing plant was only used to process prawns, but now, we are enabling it to process both prawns and tuna,” he explains.

Ng, 39, was appointed non-independent, non-executive director of Key West Global Telecommunications Bhd in January 2011. He was CEO of Esabee Biotika Sdn Bhd from May 2008 to mid-2011.

XingHe, which is based in Henan province, made its debut on the ACE Market in late April 2014 in a reverse takeover of Key West Global Telecommunications.

Founded in 2002, it is one of China’s top edible vegetable oil companies. Apart from peanut oil, it also manufactures peanut protein cake, a byproduct in the production of animal feed.

Ng says going forward, XingHe sees potential in the seafood processing business, which will be overseen by Malaysian directors, including himself.

The directors in China, led by managing director and substantial shareholder Ma Guo Liang, will be in charge of the edible vegetable oil business there. Ma has a 46.52% stake in XingHe via Perfect Timing Holdings Ltd, an offshore company incorporated in the British Virgin Islands.

To recap, XingHe announced on March 20 that its 90%-owned subsidiary, XingHe-Jefi Sdn Bhd, and its joint-venture (JV) partners — My Ocean Venture Sdn Bhd (MYO) and VC Marine Sdn Bhd (VCM) — would set up Sea Tuna Industry Sdn Bhd.

XingHe-Jefi will have a 52% stake, while MYO will have 35% shareholding and VCM, 13% in the joint venture.

Sea Tuna Industry needs RM20 million to modify the Bukit Tambun plant and as working capital.

Funding should not be a problem for XingHe, which recently raised RM11.5 million from a private placement exercise and is sitting on a huge cash pile of RM431.5 million.

Its JV partners MYO and VCM will also be contributing their share of funds.

A filing with Bursa Malaysia shows that MYO is a private limited investment holding company that is 50%-owned by Leong Keng Wohand, who has interests in companies involved in the supply of lubricants and logistics services.

Taiwanese national Yu Pao-Chu — a substantial shareholder and president of Thai Ocean Venture Co Ltd — holds the remainder of the shares in MYO. Thai Ocean Venture is involved in value-added processing of seafood, principally tuna processing.

VCM is an investment holding company that is 99.99% owned by Datuk Gooi Kok Song, who has interests in companies that supply tyres and lubricants.

“Our JV partners own more than 200 fishing vessels, and 50% of the market share in the Indian Ocean. They have their own fishermen harvesting tuna. That will guarantee a consistent supply of tuna for us (Sea Tuna Industry), even during the low season,” says Ng.

Under the proposed JV, which is scheduled to be completed in the second quarter, XingHe-Jefi will make a capital contribution of RM7.5 million of the agreed issued share capital of RM14.5 million, to be funded by internally-generated funds.

“The proposed JV is intended to unlock alternate business opportunities and enable XingHe group to expand its business by having a new Malaysia-based business in tuna and seafood processing and trading to supplement its existing

Posted by 123456 > 2018-06-02 10:04 | Report Abuse

Diversifying in same industry, always will be a good solution for management rather than waiting for China edible oil to resume its peak.

Posted by 123456 > 2018-06-02 10:06 | Report Abuse

Suggest Xinghe to consider other cooking edible oil businesses in Malaysia, such as oil palm.

Posted by jincheah > 2018-06-06 15:12 | Report Abuse

macam gg jor this stock

Posted by sparkrider > 2018-06-18 15:01 | Report Abuse

https://www.cnbc.com/2018/06/15/china-announces-retaliatory-tariffs-on-34-billion-worth-of-us-goods-including-agriculture-products.html?__source=facebook%7Cmain

Posted by jincheah > 2018-06-23 09:41 | Report Abuse

cepat goreng...

Posted by cheong3288 > 2018-06-26 18:54 | Report Abuse

with the peanut oil price dropping, so does the profit? or the cost should be cheaper? anyone here to advice ? whats affecting the market sentiment? https://www.indexmundi.com/commodities/?commodity=peanut-oil

Posted by 1234rich > 2018-06-28 15:15 | Report Abuse

Price target very damn high but current price look like want to close shop..Cash many but cannot give dividend to shareholder...BOD not keep it commitment to give dividend at least 3 time..

Posted by sparkrider > 2018-06-29 06:55 | Report Abuse

If anounce dividend price may fly?

Posted by 1234rich > 2018-06-29 10:14 | Report Abuse

Have dividend will attract investor then price will move up..
Give benefit to current shareholder

Posted by 123456 > 2018-06-30 16:47 | Report Abuse

Diversifying in right businesses and wisely manage the Company's cash fund will bring more benefits to all shareholders. The Board shall always alert the opportunities in Malaysia, please consider to diversify in same industry. Helping Malaysia to marketize oil palm and maximize this resources will bring win win situation to all of us........

Posted by 123456 > 2018-06-30 16:50 | Report Abuse

Oil palm can be another saleable edible oil in main land, China.....

Posted by sparkrider > 2018-07-02 10:01 | Report Abuse

When goreng?

Posted by HongYeik Lim > 2018-07-02 21:09 | Report Abuse

no hope........sell off.....!!

Posted by jincheah > 2018-07-03 21:18 | Report Abuse

damn this stock

Posted by 5354 > 2018-07-05 05:41 | Report Abuse

4.5 sen bec NajiX?

Posted by rockycleft > 2018-07-05 06:57 | Report Abuse

This stock really gives the word torture a new meaning.

Posted by rockycleft > 2018-07-05 07:03 | Report Abuse

Here kong there kong everywhere kong kong.....EIEIO!

Posted by 1234rich > 2018-07-05 15:55 | Report Abuse

Xinghe BOD not working..

Posted by 1234rich > 2018-07-05 15:56 | Report Abuse

Got JV no meaning..price not move..

Posted by 1234rich > 2018-07-06 12:40 | Report Abuse

SC should audit this company before to late..Why no progress..How their business..running or not?

Posted by flchongmk > 2018-07-07 15:50 | Report Abuse

123456...no need diversified but get somebody to buy off Xinghe then limit up instantly

Posted by flchongmk > 2018-07-07 15:51 | Report Abuse

Will top up more on Monday as a saving

Posted by 123456 > 2018-07-07 22:28 | Report Abuse

flchongmk.....good suggestion, please check on Friday's announcement through Bursa got off market transactions, looks like your suggestion became reality....

Posted by 123456 > 2018-07-07 22:30 | Report Abuse

Maybe a good opportunity to invest before too late, off market transacted at 5 cents......

Posted by flchongmk > 2018-07-08 00:30 | Report Abuse

123456...targeting 0.20.....

Posted by 1234rich > 2018-07-09 08:36 | Report Abuse

Disposed at lower price ...Ada untung kah??

Posted by TunMa > 2018-07-10 03:16 | Report Abuse

Any listed company boss they disposed >0 they untung ady not us who buy KeyAsic 17 sen.

1234rich Disposed at lower price ...Ada untung kah??
09/07/2018 08:36

Posted by Buy_ > 2018-07-10 03:20 | Report Abuse

Like car people buy bec no GST why 4 sen not good buy? Jefi Tuna bought higher ie 5-6 sen so 4 sen sure good buy.

Posted by rockycleft > 2018-07-11 09:55 | Report Abuse

The shit in the toilet is free......

Posted by rockycleft > 2018-07-11 09:58 | Report Abuse

Start collecting fast.....

Posted by 123456 > 2018-07-11 22:15 | Report Abuse

Great possibility China will import more tuna from recently JV subsidiary, as current economy war between China vs USA......

Posted by 1234rich > 2018-07-13 08:54 | Report Abuse

Important is the demand keep high for tuna and prawn either from China or USA..Then Xinghe have quality & capability to deliver to customer sure the future will bright..Don't care about government economy war..

Posted by Dr_Mahathir > 2018-07-16 09:55 | Report Abuse

10 sen Xinghe change govn to PH is good.

Posted by nicholai1983 > 2018-07-16 11:10 | Report Abuse

xinghe, today will up till 8 sen, warrant to 3 sen

Posted by nicholai1983 > 2018-07-16 11:25 | Report Abuse

SOMETHING COMING TO SURGE

Posted by KingOfStock > 2018-07-16 12:09 | Report Abuse

Gogogo , don't miss boat

Posted by flchongmk > 2018-07-16 13:12 | Report Abuse

123456.... Coming..... First target 0.20....

Posted by jincheah > 2018-07-16 16:00 | Report Abuse

up up up !!!!!!!!!!!!!!

Posted by 123456 > 2018-07-16 16:37 | Report Abuse

flchongmk.......great possibility in achieving your target price in view of it's strong cash position and NTA per share.......

Posted by flchongmk > 2018-07-16 18:58 | Report Abuse

Senior Mentor 123456.... Thanks for your support and now I changed my mind to set target price at 0.30 and above....

Posted by 123456 > 2018-07-16 19:38 | Report Abuse

Brother Mentor flchongmk, this evening got announcement of private placement......something good for the company yah........

Posted by flchongmk > 2018-07-16 20:43 | Report Abuse

123456.... The announcement is lapsed of private placement with not intend to extend?

Posted by Rio2814 > 2018-07-16 21:11 | Report Abuse

Meaning PP got no takers?

Posted by Xinghe > 2018-07-16 22:35 | Report Abuse

Open market buy cheaper why need PP?

Posted by jincheah > 2018-07-17 08:02 | Report Abuse

up up up ~~~

Posted by Dr_Mahathir > 2018-07-17 09:01 | Report Abuse

Manifesto(election) is not bible. How abt stronger stock market(not in PH manifesto) do Chinese want it?