WOW...it seems that everybody want to have a piece of action on xinghe this monday...ready...get set...it is understandable because of the huge profit and high nta of xinghe compare to the share price of merely 7 sen.
From the edge markets Xinghe Holdings Bhd bounced back with a net profit of RM41.95 million or 1.79 sen per share for the period ending March 31, 2015, compared to a loss of RM4.41 million in the same period last year, on the back of higher average selling prices of branded products and non-branded products.
In a filing with Bursa Malaysia, Xinghe (fundamental: 1.2; valuation: 0.9) posted a revenue of RM388.24 million for the period ending March 31, 2015.
The company did not disclose revenue in the previous corresponding period, as the financial year end of the company was changed from Jan 31, 2014 to Dec 31, 2014, on Dec 13, 2013.
Xinghe said its gross profit margin for the current financial quarter was 17.5%, an improvement from the 15.8% recorded for the calendar year 2014 (CY14), on the back of higher average selling prices of branded products, as well as non-branded products which increased by 5.1% and 7.1% respectively, over those of CY14.
In ringgit Malaysia terms, these percentages were 15.4% and 17.6% respectively, the differential being due to the appreciation of Renminbi against the ringgit, the statement read.
Higher volumes of produce sold, lower average cost of input raw materials and the strong seasonal demand for edible oil due to the Chinese New Year festivities during the current financial quarter, were also contributory factors to the higher profit.
Those who sell warrant at 2 sen must be insane...new warrant still got 4 years to go but only worth 2 sen ?? Buy back at 1 sen ?? Hello friend...wake up !!! Xinghe is not a GN3 company !!! Warrant given free but mother share have to made adjustment to it, so where got free in real term ??? Please make your homework before comment here.
Kikiki. Good eye sight lclwyp. Now you know how their game play. Buy at 6.5 to 7 cents and sell at 7.5 cents. The queues can be change one. If don't believe try to queue. Kikiki
skyjuice2 I also bought Yee Lee before. It was not a very good dividend stock compare to say Spritzer yet it can command quite high PE as you mention 11. Why the bias against Xinghe?
As I mentioned earlier, 31.8m shares queued at 0.075 already routed to Bursa before 8.30am. These ppl have priority over others to queue and their shares will get done before others. I don't understand why Bursa allow for this. Thought should be 1st come 1st serve but not the case
I begining to suspect the authenticity of their financial report....earned so much but share price still 7 sen. Big shark is dictating the share price.
If you still dreaming, please tell me that I'm wrong that the vol will increase starting at 9am until 9.30am only, and 4pm to 4.30pm only. between that, hibernating zzzzzzzzzzzzzzzzzz....
Steady. Do u think shark is enough to earn just 1 or 2sen only? The highest of tiger was 0.45 n sumatec was 0.60sen. Xinghe is stil not fry and how sharks are stomach full.
Steady. Malaysia sharks is not enough for few cents only. Malaysia sharks fry malaysia counter. China sharks stomach full earn 1-2 cents with hundred millions of vol only. No need fry till hangus. Kikiki. Just repeat same pattern 100 times. Kikikiki
TTNTK, i think you are so correct. We can see some them here keep encouraging others to buy. Maybe still not enough to con our hard earned money. I think they will do this until the company delisted. Kikikiki
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....
greedy44
735 posts
Posted by greedy44 > 2015-05-31 09:02 | Report Abuse
WOW...it seems that everybody want to have a piece of action on xinghe this monday...ready...get set...it is understandable because of the huge profit and high nta of xinghe compare to the share price of merely 7 sen.