Posted by flchongmk > 2018-09-05 13:52 | Report Abuse

Agreed 123456 and let's write in MSWG to force it for liquidation and refund cash to all shareholders, at least 15 cents per share can be refunded.....

Posted by minghong > 2018-09-05 14:19 | Report Abuse

0.035!!!!! what the hell is xinghe doing? BOD are sleeping or playing golf? pls do something to save ur company and shareholder

Posted by 1234rich > 2018-09-05 14:56 | Report Abuse

Strongly Agreed with 1234456& flchongmk..Better liquidation .

Posted by Coolman12345 > 2018-09-05 15:07 | Report Abuse

Where are ur bod,refund all the fund to shareholder,why no business running,but all the fund keep in to the bank?

Posted by Coolman12345 > 2018-09-05 15:08 | Report Abuse

Agreed 12345,refund cash to all shareholder

Posted by 123456 > 2018-09-05 15:12 | Report Abuse

Lets put it as one of the agenda for coming AGM or EGM to liquidate the company and get our shareholders' fund back at soonest possible.......someone has sufficient shares holding please do so or all of us can join force to request it......

Posted by 1234rich > 2018-09-05 15:39 | Report Abuse

I support too

Posted by Coolman12345 > 2018-09-05 15:46 | Report Abuse

I fully support u suggestion ,12345

Posted by TTNTK > 2018-09-05 16:51 | Report Abuse

If you have a complaint ...

https://www.sc.com.my/the-complaints-management-process/

Posted by Richshark1 > 2018-09-05 19:05 | Report Abuse

Wan up already

Posted by Yael Jasper > 2018-09-06 10:41 | Report Abuse

Looks good to buy,profit incoming.....

Posted by 1234rich > 2018-09-07 15:50 | Report Abuse

Still got someone sell at 0.035..Ada untung kah? I wonder what price they bought..

Posted by HongYeik Lim > 2018-09-07 17:22 | Report Abuse

1234rich they r not earn, is no hope of xinghe , they throw 0.035 and buy other counter....!!

Posted by Rio2814 > 2018-09-07 20:34 | Report Abuse

Buy other counter also same. Better keep cash.

Posted by Xinghe > 2018-09-08 12:40 | Report Abuse

3-5.4 sen very low already buy more. Other counters far not safer can drop more if too high price.

Posted by HongYeik Lim > 2018-09-11 18:52 | Report Abuse

will be consolidate 10 share be 1 share.....no hope ... sell it now !

Posted by 1234rich > 2018-09-12 17:51 | Report Abuse

What the purpose to consolidate?..Any different?

Posted by 1234rich > 2018-09-12 17:53 | Report Abuse

Testa still holding large share..

Posted by HongYeik Lim > 2018-09-12 18:27 | Report Abuse

to reduce the share quantity......than wait.............zzzzzz!

Posted by lbp83 > 2018-09-13 10:30 | Report Abuse

fast fast sell become toilet paper

Posted by HongYeik Lim > 2018-09-13 14:29 | Report Abuse

0.035-0.03.....soon...

Posted by HongYeik Lim > 2018-09-13 20:26 | Report Abuse

goreng goreng ... on the move ...!

Posted by 5354 > 2018-09-15 18:38 | Report Abuse

14 September 2018

MESSAGE FROM THE CEO

PLCs sitting on large cash balances

Every now-and-then, we come across PLCs sitting on large cash balances.
Inevitable, minority shareholders, and even institutional shareholders, sometimes raise the following question to the Board at AGMs: “Why don’t you distribute some of the cash rather than just sitting on it?”

For these shareholders, their rationale is simple: if you do not have any plans to use the money (like capex) over the next few years, why do you not return the money to shareholders as dividends.

Shareholders often phrase their statement to the Board as the PLCs ‘not sweating their assets (cash) enough’. The cash is merely sitting in the PLC and the PLC is only getting FD rates. This is not the reason why the shareholders parted with their cash to invest in the PLC, especially during the IPO.

To be fair, some of these PLCs do declare dividends while some do not. While some dividends are generous, the other dividends are not so…barely above the Fixed Deposit (FD) rates.

The answer from the Boards are often that the cash is being held as a ‘war chest’…we do not know what bargains (acquisitions/takeovers) will come our way in the future and when it does come, we must have sufficient cash. The PLCs argue that with cash settlement terms, they can obtain better prices and at the same time not affect their gearing ratios adversely.

Both the shareholders request and the PLCs response have merit. But is there a middle ground?

PLCs with substantial cash balances should declare generous dividends. The word ‘generous’ itself is subjective in the context of the savings for a ‘war chest’. Perhaps, what would appease the shareholders is a dividend yield that would be at least, above their popular opportunity cost i.e. the FD rate. Of course, ‘the more the better’ as far as shareholders are concerned, especially the minority shareholders.

From the PLCs perspective, their Boards need to consider what is enough for a ‘war chest’ and what should be declared as a healthy dividend. There can be a great temptation for these PLCs to have a ‘the more the better’ attitude (also) in relation to their increasing cash balances…and adopt a somewhat miserly attitude when it comes to declaring dividends.

From a financial statement analysis perspective, sitting on idle cash does not do any favours to the PLC. It creates a situation where your ‘return on capital employed’ is low.

Another trend that we have noted is in relation to the share price of such PLCs in that their share prices do not increase in tandem with the increasing cash balances. In fact, the share prices of most of such PLCs, which often have a business as usual model, trade sideways when it comes to their share prices. There are no share price increases to enhance the long-term value of the shareholders.

What we have noticed in some of the AGMs that we have been attending is that there is an increasing trend for shareholders to ask such questions at the AGMs of PLCs with large cash balances.

The advice to such PLCs is to be prepared to answer such questions convincingly.

Shareholders have parted with their money to invest in the PLC and expect a decent dividend. When the PLC went for an IPO, it was the shareholder who parted with their cash for the PLC to increase their operations…and by the same logic, the PLC should return the cash if they have no other foreseeable use for it.

Regards,
Devanesan
14 September 2018

Posted by sparkrider > 2018-09-17 21:49 | Report Abuse

Tml fly?

Posted by Rio2814 > 2018-09-18 01:15 | Report Abuse

No reason to fly

Posted by 1234rich > 2018-09-18 10:29 | Report Abuse

Time to wake up!!!

Posted by Lim Tek Wai > 2018-09-19 12:02 | Report Abuse

Wow! earn more again! good stock, i have earned a lot to pay my bills.

Posted by 123456 > 2018-09-19 20:45 | Report Abuse

貿易戰唯一贏家　東南亞坐收漁利 | http://www.klsescreener.com/v2/news/view/432464

Posted by 123456 > 2018-09-19 20:46 | Report Abuse

Looks like will benefit Tuna industry in Malaysia.......

Posted by flchongmk > 2018-09-19 21:42 | Report Abuse

123456...no wonder yesterday till today, there is abnormal buying queue.... And today volume is double the yesterday...buying power believed to be increasing mode as investors quietly accumulating....

Posted by flchongmk > 2018-09-19 21:45 | Report Abuse

Stop selling and don't throw to buyer as abviously someone is accumulating!

Posted by 123456 > 2018-09-19 21:58 | Report Abuse

Fleming's.....you are right, all of us should start accumulating it's shares, if this round they still not perform well in both businesses and share price then in coming AGM all of us shall know what to do........

Posted by Coolman12345 > 2018-09-19 22:53 | Report Abuse

123456 I support u suggestion,this is good suggestion

Posted by minghong > 2018-09-20 09:58 | Report Abuse

yes, seems like TUNA xinghe will benefit from trade war. operator has been collecting 0.035 since last 2 weeks. i think wait time to fly only

Posted by 1234rich > 2018-09-20 10:14 | Report Abuse

The issue is , does this Tuna business start operating??

Posted by Lim Tek Wai > 2018-09-20 11:06 | Report Abuse

Good show ! Very strong... will move tomorrow and profit incoming

Posted by flchongmk > 2018-09-20 13:54 | Report Abuse

Later this afternoon show time...

Posted by jordanmaggie61 > 2018-09-20 14:49 | Report Abuse

Price will gap up this morning, good luck to all and enjoy the rollercoaster.... hehe

Posted by 123456 > 2018-09-20 15:11 | Report Abuse

Looks like coming.......

Posted by 123456 > 2018-09-20 15:17 | Report Abuse

BOD, please provide more information about your Tuna business.......

Posted by 123456 > 2018-09-20 15:22 | Report Abuse

Don't do monkey show, please let us feel your sincerity in doing well for your company........

Posted by HongYeik Lim > 2018-09-20 21:01 | Report Abuse

no hope! the tuna bussiness at xinghe is stoped .... sell it !

Posted by 1234rich > 2018-09-20 21:32 | Report Abuse

Hong Yeik Lim, how you know?

Posted by 1234rich > 2018-09-20 21:55 | Report Abuse

If Tuna not ok better stop early..Go look for other business and improve the existing business ..Find the way to rent Production at other countries if PRC not restricted.

Posted by flchongmk > 2018-09-20 22:06 | Report Abuse

Tuna business is small portion, it will not contribute major changes to share price either it is profitable or loss

Posted by HongYeik Lim > 2018-09-21 06:53 | Report Abuse

1234rich that is the problem of the management!

Posted by Yael Jasper > 2018-09-21 10:38 | Report Abuse

This stock become stronger and stronger, worth to invest

Posted by KAQ4468 > 2018-09-21 10:39 | Report Abuse

jual buluh ka ini company ?

Posted by 1234rich > 2018-09-21 10:41 | Report Abuse

I think if Xinghe run only those give profit and stop those loss better..Beside can earn dividend from it huge cash fix deposit .

Posted by MIDF > 2018-09-21 11:50 | Report Abuse

TP 17 sen(i3 show) by MIDF where to find?