JoeC, dont worry. The u-turn by K-Star is due to uncertainty in the Ukraine and nothing to do with the prospect of K-Star. According to news, the Net Assets Per Share Attributable To Ordinary Equity Holder Of K-star is (RM)0.70 (31-12-2013) as compared to the last financial year of RM0.87 (31-12-2012).
In China, it is very difficult for (Non-state owned) company to obtain bank loan so they need to be self-financing. K-star have a cash reserve balance of RM63 million according to The Star news report on Saturday, 9th November 2013.
At the current price of RM0-11, I recommend a buy. .. .. .. .. .. .. .. .. ..
In Bursa its either u make it or lose it. China shares do have a perception/image problem. I am keeping my shares in K Star until I make a profit because I am buying shares worth RM0-70 and paying only RM0-11.Not to forget RMB is appreciating as compared to RM depreciating.
Are you sure the cash really there?? Because too many cases.
One example is another counter Xinquan..claimed have 500millions cash...but the book record show hardly below 1 million yearly...not logic at all...
转贴 Another singapore listed china company bites the dust...Eratat Lifestyle makes soles, shoes and clothing. On it's financial records it state that it has 577 million RMB in in's bank accounts. This amount was verified by the auditors & board of directors on January 2014 via the following. 1. Personal visit to Agriculture Bank of China and get print out from the bank system from the Branch Manager 2. Login and checking of the amount in the online banking system 3. Letter of confirmation of the amount in the accounts from the bank Due to the missing workers and the CEO. The interim CEO makes further probes into the bank account found that the cash reported is not in existence. The share is currently suspended and awaiting special audit.
Fair warning to high cash holding, super profitable, super cheap PE 1-2x, china based small caps... Never ever touching those china dolls..they are sucking your hard earned money..
If we do not trust the authorities to provide us with reliable figures then there is no shares to buy/sell.
There are many cases of cheating in the stock exchange e.g. Enron of USA audited by Arthur Anderson. In Malaysia company feed the public with rumour etc.
Caveat Emptor - Let the buyer beware. Just be careful.
if you buy K-Star, the maximum loss is less than RM0-11 per share but the upside could be a high of RM0-70 or more.
0.012 then 0.15 then 0.26 My take some time to reach 0.20 but the possibility is there. NTAB is RM0.70 and the EPS is Minus RM0.165 for the current Financial Year. Thus NTAB is reduced from 0.70 to 0.535 assuming that the records submitted is correct. Caveat Emptor
Total Market capitalisation is only about RM30 million. If some kind soul out there were to goreng it, the shares will be cornered and sky-rocketed.
Every shares have their inherent risk. Some make money some lose. The secret of investing is buy when others avoid. If you chase shares, you get burn to ashes. K-Star is a china company and China companies are different from Malaysian based companies. The advantage is that K-Star major shareholders are well connected in China and they are serious businessman. The fact that they shown a loss for the Financial year clearly proof that they are not there to window-dressed for a big kill. For a mere RM0.11, I think it's a good bet that the price is consolidating for a big push. .. .. .. Now it's the time to accumulate - that's exactly what I am doing now
Tomorrow If the share goes to RM1, I will be a millionaire. Bought some at RM0.10 too. Ha Ha Ha this is the fun of playing with penny stock. I have confident with the CEO/Director who is a chain smoker and a genuine businessman.
Lethargic share. Should have push it up as per historical record. If K-star wanna our support, she must also support us. Dont play us out. Time to push, sirs.
i believe this company did not disclose the truth about the new shareholder. Based on the annoucement in bursa, kstar, the major shareholder has disposed 21 million of shares, amounting to almost 13% of the share. Who bought this amount of share?
Look at the NTAB and free float. We buy to make money. Market cap only RM24 m. Good upside. Business no good does not mean cannot buy. Of course unless the accounts are false. I am keeping substantial shares in this counter. Wait to sell at RM0-20
Whongc, if you lose money on KLSE too bad. There is no shit counter only poor decision by speculators/investors. To me this is a good counter and I had put lots of money in this counter (Top 30 shareholders) and I bought it cheap.
Maybe you should put all your money at the good counters e.g. Maybank, CIMB, Genting, Resort World, sime darby and petronas D. Decision is yours. I dont hold a single shares in these counter as I think they are over priced.
See I am right. K-star stand firm despite the selldown where even the strongest share become falling knife. Its time to buy and push price to new high. Wait for the right time and shares should reach RM0.20 in near future.
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....
tzangworld
59 posts
Posted by tzangworld > 2014-02-04 21:11 | Report Abuse
After annoucement of financial result