Posted by talkrealreal > 2014-11-28 17:37 | Report Abuse

Posted by hamitouzhi > Nov 28, 2014 12:41 PM | Report Abuse
dividend? LOL ...

1Mtalkingkangkung will prove you wrong, soon

Posted by hamitouzhi > 2014-11-28 19:11 | Report Abuse

5 sen dividend? too good to be true, but hopefully

Posted by Lembusial > 2014-11-28 19:35 | Report Abuse

News out?

Posted by fellatarjonga > 2014-12-01 10:19 | Report Abuse

Looks like there is some delay in the issuance of its Annual Report. Something is cooking somewhere. Maybe they want to ensure that no one can detect those fake Chinese eggs. I can see that there are investors who doesn't learn from Chinese stocks listed out of China. None of them are doing well and yet investors invest and harbor fake hopes that they will rise. Xingquan is not selling to anyone but will continue to dish out fake salted eggs soon and every time when they have to to sooth investors appetite.

Posted by saltedfish > 2014-12-01 10:23 | Report Abuse

Something is wrong if the annual report cannot be out on time. Beware!

Posted by saltedfish > 2014-12-02 09:47 | Report Abuse

If the AGM date is still not announced by this week that mean Xinquan is unable to convene its AGM within the statutorily required 6 months period after the close of its financial year and will automatically fall into PN17

Posted by sangharimau > 2014-12-02 12:29 | Report Abuse

That will be scary.....already MSport announced the resignation of yet another CFO....

Posted by sangharimau > 2014-12-02 22:38 | Report Abuse

Still no announcement of AGM date....?

Posted by intelinvestor > 2014-12-02 23:16 | Report Abuse

Audited accounts for FY ending June 30th, 2014 released to Bursa on 21st Oct2014

Posted by saltedfish > 2014-12-03 07:45 | Report Abuse

But when is the AGM ? Dare not call for one because of fears facing the fuming shareholders?

Posted by dlsh2 > 2014-12-03 08:19 | Report Abuse

Yes, they should have published the Annual Report on 27 or 28th. November like they have been usually been doing for the past years. This year has been exceptional and strange as they have yet to do so. The question is why? Are they unable to get the auditor to sign off the reports? Or are they trying to massage some figures which had been detected by the auditors. My take is keep away when you detect such strange phenomena. We can all save the shit for themselves. Most Chinese investors or businessmen are realists and care only for themselves. KYY had 75% of his investments in Xingquan wiped out. Super investor made one big silly mistake in his investment life by believing massaged numbers churned out by Chinese. Cariyoyo was right that if Xingquan is such a winner then why Ooi Guan Hoe is holding just 75,000 shares. The answer is there already i.e. Ooi Guan Hoe being a director himself does not believe the account so he invested less than RM30,000 for his 75,000 shares in stupid Xingquan.

Posted by dlsh2 > 2014-12-03 08:21 | Report Abuse

just ignore this counter and look for something else.

Posted by sangharimau > 2014-12-03 10:05 | Report Abuse

Audited report is submitted to Bursa on 21/10. Xinquan needs to give 21 days notice to convene the AGM. If we work backward and if the AGM is to be held on 31/12 (which is highly unlikely), then the AGM notice to the shareholders must be despatched on or before 10/12 by the latest

Posted by sangharimau > 2014-12-03 10:18 | Report Abuse

Consequently, if we take out 25th Christmas day, saturday and sunday as the possible AGM date, and the fact that Xinquan has not announce the date of AGM until today, the only dates available and in satisfaction of the 21-days requirement for Xinquan is therefore on 26, 29, 30 and 31st.

Posted by sangharimau > 2014-12-03 10:22 | Report Abuse

In another word, we just need to wait for 4 more market days (i.e. 4, 5, 8 and 9th December) to confirm will there be an AGM or not!

Posted by sangharimau > 2014-12-03 10:23 | Report Abuse

Come 10/12/2014 and there is no announcement from Xinquan on the date of AGM, then hell breaks lose and Xinquan will very well be classified as PN17 by 11/12/2014 !

Posted by Bhai > 2014-12-03 10:49 | Report Abuse

BIG show coming...good luck!

Posted by cariyoyo > 2014-12-03 11:32 | Report Abuse

Please read my comment carefully and decide by yourself. I have reasons to believe that Xingquan will announce a small dividend soon. They will commence groundwork to conduct listing in Australia soon. I have been informed by a reliable source on this development. They will announce this soon. If the small dividend materializes then there is hope for Xingquan.

Posted by sangharimau > 2014-12-03 11:34 | Report Abuse

ASX listing thrown to the drain already. You won't see anything until at least June 2015

Posted by sangharimau > 2014-12-03 11:35 | Report Abuse

The dividend remained a talk of idea only, although I like to believe in 1Mtalkingkangkung

Posted by sangharimau > 2014-12-03 11:35 | Report Abuse

Posted by 1MtalkingKangkung > Nov 28, 2014 07:57 AM | Report Abuse
5 sen dividend before AGM

Posted by sangharimau > 2014-12-03 11:35 | Report Abuse

because he is an ex-merchant banker!

Posted by hamitouzhi > 2014-12-03 11:36 | Report Abuse

5 sen? LOL... hahahahahaha...

Posted by sangharimau > 2014-12-03 11:37 | Report Abuse

Show finish liao....

Posted by fellatarjonga > 2014-12-03 11:40 | Report Abuse

Cariyoyo came out after keeping quiet for a while on Xingquan. But am happy that he did as his comments do carry some correct info. Let us wait and see. But if you want to confirm if Xingquan is listing in Australia or not why don't call super investor, Mr. Koon Yew Yin at koonyewyin@gmail.com or 017-5577822. Am sure he will spare you some info. Afterall, he has nothing to lose after losing 75% of his investment in Xingquan as dlsh2 said.

Cariyoyo, any more news?

Posted by KCChan2708 > 2014-12-03 11:47 | Report Abuse

Call the CFO Teoh better 012 224 6334

Posted by mukah > 2014-12-03 18:46 | Report Abuse

I was informed by Mr. Koon that Dato Wu, Ooi Guan Hoe and two other directors went to see him recently. Dato Wu told Mr. Koon that they are making efforts to list in Australia. Mr. Koon told him that rather than coming up with all kind of reasons, they should churn out some dividends in order to regain investor's confidence. Dato Wu promised to look into his request. So, if Xingquan announces a special dividend, all of you must call Mr. Koon to say thank you.

Mr. Koon is still keeping his Xingquan shares.

Posted by TanSriDato > 2014-12-03 22:14 | Report Abuse

Don't bullshit lah, Dato Wu was in China this November and December lah. He just told me the AGM is on 29/12. Announcement of noticeof AGM will be this Friday!

Posted by TanSriDato > 2014-12-03 22:14 | Report Abuse

Let's see my info chun or not come this 5/12, ok?

Posted by ct888 > 2014-12-03 22:40 | Report Abuse

So many info which one chun.
I believe cariyoyo.

Posted by sulaimanab1955 > 2014-12-03 23:23 | Report Abuse

Posted by ct888 > Dec 3, 2014 10:40 PM | Report Abuse
So many info which one chun.
I believe cariyoyo.

RESULT known by friday 5/12, as said by Tan Sri

Posted by cariyoyo > 2014-12-04 09:59 | Report Abuse

Some predicted that the Annual Report will be out tomorrow and let us hope that the report is indeed out tomorrow so that some uneasiness can be put to rest. However, I would like to refresh everyone on some important numbers. These numbers should not be any lesser than it was as reported in 2013 as it shows how confident these investors are on Xingquan. Nonetheless, please be reminded that they probably have no choice but to continue holding Xingquan as their initial capital investments could be very much higher than they invested in 2010 and 2011. For example, Mr. Koon Yew Yin dubbed "the super investor" or "Warren Buffet of Malaysia" had his holdings shrank from 2.87% from 13,289,700 shares in 2011 to 10,146,200 shares in 2013. His nominees were Kon Cze Yan, Yap Sung Pang, Tan Kit Pheng, Tan Kit Yew and Robert Wing Yee. From the records, in 2013 Kon Cze Yan continues to hold the 4,000,000 shares she first held in 2011. Yap Sung Pang held 7,592,943 shares in 2013, down 0.1% or 53,457 shares compared to 7,646,400 shares in 2011. Tan Kit Pheng's holdings in Xingquan shed 958,000 shares in 2013 from 4,958,000 shares recorded in 2011 to 4,000,000 shares. Tan Kit Yew sold 504,000 shares in 2013 from her holdings of 2,004,000 shares in 2011 to 1,500,000 shares in 2013. Robert Wing Yee enlarged his holdings from 1,141,300 shares in 2011 to 1,261,900 shares in 2013, upped 120,600 shares. Overall, Koon Yew Yin Group's holdings in Xingquan was 28,500,143 shares, down 0.82% or 4,538,857 shares from the 33,039,000 shares held in 2011.

New York Bank of Mellon increased its stakes by 4% in 2013 from 9,983,003 shares or 3.25% in 2011 to 22,398,031 or 7.29%.

Another tycoon, Dato Koh Kin Lip held his shares through Rickoh and Madam Lai Poh Lin. They held 6,729,300 shares in 2011 and was noted that their increased their stakes to 9,957,300 as recorded in 2013.

Save for KYY and group, Bank of New York Mellon and Rickoh showed continued confidence in Xingquan from 2011 to 2013. Would they be holding the same amount, increased or decreased in 2014? Please note the holdings for Bank of New York Mellon on the up coming report as it would tell a lot.

Posted by mukah > 2014-12-04 10:09 | Report Abuse

good write-up, cariyoyo. Super Investor is buying other shares now. Xingquan is the worst investment in his life. Investors like Rickoh, BNYM and KYY should increase their stakes to pare down losses since Xingquan is 0.70 most of time this year.

Posted by cariyoyo > 2014-12-04 10:20 | Report Abuse

TanSriDato was right. AGM is on December 29

Posted by saltedfish > 2014-12-04 10:30 | Report Abuse

Don't play play with TanSriDato oh

Posted by saltedfish > 2014-12-04 10:31 | Report Abuse

BNY never increase their stakes

Posted by saltedfish > 2014-12-04 10:32 | Report Abuse

KYY has been paring down his stakes in Xinquan at a loss

Posted by saltedfish > 2014-12-04 10:33 | Report Abuse

If KYY never sells, how can the shares price drop from 0.70 to 0.40 now? Of course, Xie Zhidong was the another culprit that has brought down the price

Posted by cariyoyo > 2014-12-04 11:26 | Report Abuse

My view on Xingquan is they are unable to churn out dividend and no confidence among Malaysian investors on its accounts. Investors are in the market to make money or to earn dividends. Xingquan and other Chinese counters listed in Malaysia produced excellent EPS which initially attracted Malaysian investors to invest as they thought the companies are doing very well. But, we all know by now that none of them been able to deliver the dividends and prices tumbled as a result. Worse still when we have one or two that gone into PN17. However, for the case of Xingquan, I know that KYY and a few big time investors went to visit the factory for as many as 5 times. Nigel Foo of CIMB was along with them in one or two of such visits.

They were convinced with the state of affairs in the factory. Mr. Koon was extremely convinced as the auditor Foo, Kon and Thornton was his cousin. Hence the heavy investments. But am sure he regretted now. But I think he is holding his shares as his average price should be above RM1.

I know of a investor who averaged out at RM0.65 as his investment was at RM1.15. He still lost money. I find it amusing that all Chinese stocks went down when KLCI went up 1,000 points from 2010. Imagine a stock that goes down during boom period? Something must be very wrong. Either no one is investing in the counter or is self made by its owner. Fellatarjonga commented that some owners were officials in Fujian and they are controlling the real owners. This could be possibly true as well.

687423 mentioned that these big time investors are now securely hooked. Yes, they are indeed hooked and got no choice but to sit and wait. For those who has some money to invest, is best to look somewhere else as no point looking at Xingquan which has some many unanswered questions.

I think Xingquan and other Chinese stocks will rise only when investors in Malaysia are confident to put their money on them. And it is entirely up to the owners to convince Malaysian investors by start churning out dividends. I hear that Xingquan is considering a smallish dividend which could put this counter back to RM0.60 if it turns out to be true. So, who dares to take the bet? It is not as simple as roll out the dice and try your luck.

Happy investing!!! Look out for Maybulk, MPHB Capital

Posted by betulbetullcakap > 2014-12-04 11:29 | Report Abuse

Old story

Posted by betulbetullcakap > 2014-12-04 11:30 | Report Abuse

A small dividend like 5 sen can propel the shares price from 40 sen to 60 sen? Biggest laugh I have today!

Posted by mukah > 2014-12-04 11:36 | Report Abuse

I think cariyoyo meant that Xingquan will rise due to ability to pay dividend. Are they coming up with a 5 sen dividend? It wasn't mentioned by cariyoyo.

Posted by betulbetullcakap > 2014-12-04 11:47 | Report Abuse

China companies won't pay dividend but they will continuously raise money from shareholders!

Posted by saltedfish > 2014-12-04 14:17 | Report Abuse

1Mtalkingkangkung already said it is 5 sen cash dividend

Posted by Bhai > 2014-12-04 17:59 | Report Abuse

Why announcement forgot about 5 sen dividend? ....lol

Posted by Bhai > 2014-12-04 18:03 | Report Abuse

Increase director remuneration, spend more money, then call for right issue, squeeze more money from your pocket got ler....

Posted by sangharimau > 2014-12-04 23:37 | Report Abuse

Posted by TanSriDato > Dec 3, 2014 10:14 PM | Report Abuse
Don't bullshit lah, Dato Wu was in China this November and December lah. He just told me the AGM is on 29/12. Announcement of noticeof AGM will be this Friday!

@TanSriDato, real chun, Salute!

Posted by rlch > 2014-12-05 05:01 | Report Abuse

AGM only mention want to issue more shares like last year not dividend. Cheaper China stocks like Msports and Xinghe(coming) also reward shareholders free warrant as Xinquan. Base on past record Msports give higher dividend(3.11sen in 2012) than Xinquan(2sen in 2012) despite trading at one third of Xinquan price.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1815617

Posted by ct888 > 2014-12-05 09:20 | Report Abuse

Think got to go AGM suggest to close shop and distribute the rm1.70 /share back. After all what business can make 400% immediate; Xinquan can by simply closing business

Posted by ct888 > 2014-12-05 09:24 | Report Abuse

All shareholders in their right mind shouldn't oppose close shop.
The aim for all is to make money so if closing shop can make so much return by right nobody will object