The last China Company entered into Bursa via RTO was Huaan. Okay ke kaunter China? Huaan drops from RM0.55 to today's RM0.15. Another China Company Hbglobe yesterday announced that they are unable to submit Account on time despite 2 months extension given. Take your money and run.
For those who know how to read Chinese, here is the company website of XingHe in Hennan China (http://www.xingheyouzhi.com/Item/list.asp?id=1347). They are making cooking oil, peanut oil etc. They are the top 6 company in China who making cooking oil (just like the brand in Malaysia - Daisy, Red Eager etc). Personally, i think their business should be quite stable. Their main market is in China and cooking oil is a necessary item in most of the family.
During economy crisis, the only items which will not affected is the food industry. You can save your money with not buying biscuit, candy etc. But you still need cooking oil to cook. So, this industry is stable but the profit and grow might be slow.
i am sorry if you got burn with China company. Even the multinational company also can get burn. There is no SAFE company in share market. But if you are in this forum, means you either get burn previously or you also think that it is possible to gain some profit from this share. This is what we call investment. Investment is a risk. If you are scare of losing money, better save the money in bank.
klse007, yes. I have many friends in China. I travel to China very often due to my job behavior. I went shopping in China, But not to shop the cooking oil and bring back to Malaysia (which is not possible). But I do see this brand in China. FYI, I bought this shares with very cheap price just before it suspended in year 2012. Now, at least got 800% profit. When I bought that time, already told myself that this money might become paper. As I know, no risk no gain. I don't mind to hold it for longer time since my cost is low.
Well, I am not asking you guys to buy. If you are not trusting in this counter, there are thousand of other counters in the market. I am here just to discuss and sharing my opinion on this share. Trade at your own risk.
it is not bout scared losing money...isnt investing is about to protect ur own money frm investing in such ie xdl or csl scenario...so many proven cases otherwise this china co. will not opt for such rto rite...isnt investing is to look for better deals and opportunities to enter and ride on the profit...
i think i hv equal rights to voice out my concerns here...eady for u coz u got 800% profit as ur insurance in case of any meltdown...so stop being too defensive unless u getting paid to do so lah...
Hi miracle4faith, yes, everyone has the right to voice out. :) I think I should stop writing any comments in this counter as I have clearly voiced out my opinion toward it. Good luck to everyone! By the way, I like your name "miracle4fiath'. To me, this is a miracle where Keywest got a new life and listing back. And I have faith they can do better in future after the first lesson learn.
I think China company not doing well only in Bursa because People just goreng the price. All these companies listed in bursa are small flies, that's Y seem not doing well.. Why not the giant coming to list here? Wonder if alibaba, lenova, wahaha,petrochina etc. sad thing all these small flies made you guys unhappy. Whether or not investing or doin anything, I still believe luck is important. Therefore, this counter is salted fish come alived consider luck but need to be watchful as there won't be second chance of alive.
China giant edible company investing in Malaysia because plenty of palm oil here n are going to start refinery here and also establish in SEA, i see this company have propects n the price is cheap, after some announcements may move to 30ct better to accumulate.
“We are currently conducting feasibility studies on the Malaysian market and shall announce our forward plan when we have finalised it. We see Malaysia as a good platform to produce blended oil with the huge palm oil resources of the country. The setup of a new plant in Malaysia will definitely contribute significantly to the top and bottomline of XingHe going forward.” Ma is also optimistic on the peanut oil industry in China, which is projected to grow between five and 10 per centfrom its estimated market consumption of between 2.4 million tonnes and 3.3 million tonnes in 2012 to between 2.8 million tonnes and 4.3 million tonnes in 2015. “There are three aspects that shall contribute to a positive business prospect going forward: The good track record of our subsidiary, Henan XingHe; rising disposable income and standard of living in China that is expected to create robust demand for high quality edible oil; and the increased health awareness amongst consumers that will lead to the assimilation of better quality edible oil in their diet,” Ma responded when he was asked on the future business prospects of XingHe Holdings in China. Upon listing, the market capitalisation of XingHe will be approximately RM470 million based on the issue price of RM0.20 per share. The listing also comes with a private placement of 300 million new ordinary shares to selected investors at RM0.20, which raised some RM60 million for the company. The private placement received strong interests from high-net worth individuals, government-linked and private institutional funds. The company intends to allocate RM40 million from the proceeds for the marketing and branding activities to promote the sales of its various edible oil within China and to build up customer loyalty to enhance the recurring income as the company’s long term strategy. XingHe Holdings has also set a dividend payout policy of 15 per cent of its net profit for the three calendar years 2014, 2015 and 2016. For the financial year ended Dec 31, 2012 (FY12), Henan XingHe registered a 26.22 per cent growth in profit after tax to 134.66 million renminbi (equivalent to approximately RM65.78 million) on revenue of 1.49 billion renminbi (equivalent to approximately RM728.32 million). Based on the terms of the Share Sale Agreement (SSA) signed for the RTO, its major shareholder, Testa Holdings Ltd (Testa) has committed to a profit guarantee sum of 135 million renminbi (equivalent to approximately RM74.14 million) for each of the three financial FY13, FY14 and FY15. The profit guarantee is secured by Testa depositing 675 million XingHe shares into a securities account operated by a trustee company. Earlier on March 26, 2014, Key West Global Telecommunications Behd, a Bursa Malaysia ACE Market-listed company received the shareholders’ approval for its RTO exercise. Upon listing, Testa will be the controlling shareholder of XingHe Holdings with a total equity stake of 62.39 per cent.
voicing out opinion is ok...the problem is when some user start lobbying others to buy....again, anyone can write any tune up and touch news about any company but past track record of other china company in klse doesnt lie...
Xinghe ...in mandarin ..meaning suppose to be a New Beginning..For those who had been with this counter bad or good times had been rewarded ..so lesson learned and trade wisely, set your target and stop blaming others..when you make you just be happy, when you are stuck just hold and sail thru it
Friday closing 17,533,700m uts is very high n Klci expected to test the 1900 pts so possible 25 cts this week for now until some positive news which are in d pipeline.
China company are deposited their cash in Bank of Hell, so the management just can't share the reserves with the shareholders. So better ask China company goto hell while still try to sucking more innocent malaysian retailers
It's strong background company.... After reverse take over, it's shares support my china province government and some investment fund. In addition, this company management provide 2 years profit guarantee...hope u guy cheers up with this infos...
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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....
nicky
3,356 posts
Posted by nicky > 2014-04-30 10:54 | Report Abuse
Doing low RM0.205 .....