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monkey80
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25-Mar-2013 09:17
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3 CONSECUTIVE YEARS' LOSSES, what will be next? | ||||
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gopaseth
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13-Feb-2013 14:39
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take the $ ?? how? is their any way we can get back those spend on these shares . ?? i am waiting long time with 450k with all my lifesavings blocked. Gurus any idea when it can resume the trading?? is their any hope??pls share some advice
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ballball
Master |
22-Jan-2013 15:37
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They posted lastest financial result ended 30 sep 2012 on SGX website. NAV Gp RMB cents 68.07 as at 30 sep 2012 NAV Co RMB cents 109.66 as at 30 sep 2012 Still got hope or not? |
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Hulumas
Supreme |
22-Jan-2013 15:15
Yells: "INVEST but not TRADE please!" |
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Good idea. To add on with China unit trust too! in 2013 investment.
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Chris0724
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22-Jan-2013 14:25
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this counter is dead ?? no updates from company ?? | ||||
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eurekaw
Master |
27-Nov-2012 13:51
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Long time never hear from this counter. Suspended for years! Wonder why they cant settle the accounting issue for so long or plan to delist. Careful with S-chip. | ||||
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gopaseth
Member |
27-Nov-2012 13:45
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Gurus any idea when this counter will open/ my lot of money is blocked here in this counter/feel all my savings finished / pls help
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laifea98
Member |
29-Jul-2012 09:31
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" For the current financial year, the Group received an order book of approximately RMB3,709 million worth of indicative orders during trade fairs held in Xiamen in the first three quarters of 2012." Look like still got hope !
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cheongsl
Master |
28-Jul-2012 10:42
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Trade fair order higher then irregularity?? but that will depend on the margin of products, if margins is limited then it might not be as attractive.
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sk6666
Veteran |
28-Jul-2012 10:02
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Clarifications on BT report by CHX. visit sgx.com | ||||
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sk6666
Veteran |
26-Jul-2012 05:40
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More updates from CHX. Visit sgx.com now. | ||||
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cheongsl
Master |
25-Jul-2012 19:28
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If this is what you think then I believe you are first day in the market, there are so many counter out there which have all the irregularities and still listed in the SGX. Remember the ACCS, which is now name as MDR, citiraya industries now centillion, JEL Corp now know as GSH Corp, etc.. if you go and read their history, you know that not only china company are subject to all this irregularities. If china Hong xing continue to used the same name and face their mistake like CAO, I believe that it should be still possible for trader to accepted them. But if it follow what other company as mention before and change a name and hope people will forget the incident. Then likely those remember will never trust them any more. | ||||
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moneycow
Master |
25-Jul-2012 12:50
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I think such dishonest company should be BANNED for life from listing for LIFE. | ||||
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cheongsl
Master |
25-Jul-2012 09:15
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Personally, I think this is a much better case compare to the china aviation oil (CAO). That time CAO making a loss in the oil trading at 550million USD (equivalent to 4.583billion RMB) and they have only 150million USD to cover the loss. There is another 159million USD loan from the bank to be repay. and also the parent company was unwilling to pump anymore money into it, as they already pump 100million USD before the incident really happen. For the China Hong xing result in 3Q the group asset is 4.539billion RMB and the current overstate is 1.154billion RMB, which is around 25% overstate. But remember before the final halt, the price is suddenly reduce from around 0.15~0.155 to 0.115 which is around 23~25% reduction. I believe SGX should investigated on the trade before the halt, maybe there is some insider (who know the actual overstate) trading. | ||||
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JustinQuek
Veteran |
24-Jul-2012 19:41
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U will expect a sell out for the first 4 days.A billion missing means alot. Its not like the accounting irregularity means a cash is overstated.Its severely understated.
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cheongsl
Master |
24-Jul-2012 18:44
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That is hard to say whether will there be sell off or buy up, remember the China Aviation Oil, it was halt in 2004 at $0.945, followby the risky investment investigation and huge lump sum loss, it resume trade in 2006 and I remember everyone is calling for shorting the counter when it resume, but it open at $1.28 at the same day it went to the height of $1.83, and closed at $1.62, before the sudden drop to 0.945 it is trading at around $1.2, thus it have infact increase 35% after it resume trading. Thus for Hong Xing it will depend very much on the 2010~2012 financial report release. As since the company have went through all the auditing and checking it will be more safe compare to other china listed company in terms of accounting faults, thus it might be an attractive points for account manager to keep an eyes on this counter, if the performance for the last two years is good. |
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laifea98
Member |
24-Jul-2012 18:04
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Could expect a sell-out when re-listed... Any comment or advice... |
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TradeChancellor
Veteran |
24-Jul-2012 13:57
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All S-chip bosses are capable, to get ur company listed is no easy feat but they differ greatly in terms of integrity, need to sift out the crap vs the more honest ones..... | ||||
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tedsokny
Senior |
24-Jul-2012 11:30
Yells: "Have a Angkor Beer!" |
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take the $ buy icbc, boc better | ||||
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risktaker
Supreme |
24-Jul-2012 11:25
Yells: "Sometimes you think you know, but in fact you dont" |
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China hongx Overstated 1.15billion yuan .... A bunch of useless management ..... How do u manage your coy when u have no idea what's going on..... Once resume trading just dump it...... I remember there's a guy call richtan everyday post chart about china hongx .... I even warn that china hongx is a fraud back then when it's trading at 20 cents ....... Hope richtan is fine ....
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