ShareJunction - Stock Forum Messages %%%:

Back

First < Newer 121-140 of 480 Older> Last

Latest Forum Topics / Li Heng Chem

Post Reply

Li HENG

christan
Senior

02-Sep-2009 10:44

christan About Contact Quote this Post!

x 0
x 0

Alert Admin

41.5 provide good support, i hope

Useful To Me Not Useful To Me

christan
Senior

02-Sep-2009 10:02

christan About Contact Quote this Post!

x 0
x 0

Alert Admin

41.58 is a barrier, there r few hundred million shares fm pre-IPO investors waiting

Useful To Me Not Useful To Me

christan
Senior

02-Sep-2009 09:38

christan About Contact Quote this Post!

x 0
x 0

Alert Admin

still going strong

Useful To Me Not Useful To Me

freeme
Elite

01-Sep-2009 21:46

freeme About Contact Quote this Post!

x 0
x 0

Alert Admin

congrats to ur earning.. ur portfolio did quite well :)

maxcty ( Date: 01-Sep-2009 21:39) Posted:

yup..I got guocoleisure also...buy when is quiet...just like when I bought Li Heng @ 0.24..haha...cheers for guocoleisure and li heng.....

cheongwee ( Date: 01-Sep-2009 15:30) Posted:

how abt guocoleisure...the best time it is quiet...nw..it is gd time to buy ,,this another 30 to 50% potentail..dyod

Useful To Me Not Useful To Me

maxcty
Master

01-Sep-2009 21:39

maxcty About Contact Quote this Post! Style: Combined Mood:

Yells: "always a learning day for me in trading"

x 0
x 0

Alert Admin

yup..I got guocoleisure also...buy when is quiet...just like when I bought Li Heng @ 0.24..haha...cheers for guocoleisure and li heng.....

cheongwee ( Date: 01-Sep-2009 15:30) Posted:

how abt guocoleisure...the best time it is quiet...nw..it is gd time to buy ,,this another 30 to 50% potentail..dyodd

hedonistic77 ( Date: 01-Sep-2009 15:15) Posted:

sigh.. wonder how far more it will soar?

Useful To Me Not Useful To Me

m0shii
Member

01-Sep-2009 21:27

m0shii About Contact Quote this Post!

x 0
x 0

Alert Admin

me sold @0.38. Miss tat 0.400...sold when working on handphone...damn angry. Those bb who is not working monitoring must been damn happy...lol

Useful To Me Not Useful To Me

christan
Senior

01-Sep-2009 21:26

christan About Contact Quote this Post!

x 0
x 0

Alert Admin

41.58 critical

ROI25per ( Date: 26-Aug-2009 21:50) Posted:

is it eyeing 2nd listing also???

36 is not high, pre-ipo investors paid around 41.58 (Pg 82 propectus) and ipo was 80

Published August 26, 2009

S-chip issues - crux lies in enforcement

By LYNETTE KHOO

	Email this article
	Print article
	Feedback

THE wide-ranging measures proposed by Singapore Exchange (SGX) last week have driven home a strong message - that the exchange views the failure of issuers and the problems plaguing them with gravity.

Measures such as imposing disclosure of pledged shares and custodising shares of controlling shareholders have plucked right at the heart of issues plaguing S-chips (China-based companies listed in Singapore). It was also comforting to hear from SGX that there is no pervasive fraud risk relating to China companies.

But the jury is still out on whether this move will restore investors' confidence and prevent some issuers from entertaining thoughts to move to other stock exchanges offering better valuations.

This week, Sihuan Pharmaceutical's parent company, China Pharmaceutical, has decided to initiate a move to take Sihuan private, citing thin trading volumes. Just a few days ago, Z-Obee Holdings said that it was looking into the possibility of a dual primary listing on the Hong Kong bourse, shortly after China XLX filed its application for a dual listing there.

It is unclear if these are isolated cases or part of a wider trend of some S-chips seeking greener pastures. There have been market whispers that some S-chips are contemplating such a move if their valuations continue to stay depressed.

The two S-chips eyeing dual listing have cited as reasons a desire to gain access to two different equity markets, to widen their investor base and to raise share trading liquidity.

But there is some speculation that S-chips contemplating a dual listing in both Singapore and Hong Kong could eventually pull out of one stock exchange to avoid paying two separate listing fees. Such a decision would probably hinge on how well the S-chips' shares perform in Hong Kong and how soon Singapore would catch up in the valuation race. All eyes will thus be on how handicraft and furnishing maker Passion Holdings - the first Chinese IPO here this year - will fare on its debut next week.

The latest proposed measures by SGX are a welcome move to instil market confidence. But it would be presumptuous to assume things will look up right away for the S-chips sector. There remains lingering doubts over the listing compliance of some existing issuers and the problem of enforcement. One of the proposed measures is for new listings on the mainboard to appoint governance advisers for the first two years post-listing to help companies institute a robust framework of reporting accountability, internal controls and other components of good corporate governance.

It is good to have an extra pair of eyes on new listings, which are green in the ways of a listed company. Most S-chips tend to head for the mainboard instead of Catalist, which means that future new S-chips will need to appoint governance advisers.

But on practical grounds, it does beg the question of how effective the proposed measures would be for foreign listings. If independent directors here find it hard to oversee companies whose operations are mostly offshore, what more the governance advisers?

Corporate governance concerns about S-chips have not fully blown over yet. Of about 10 cases of listed companies with irregularities since the beginning of 2008, half are Chinese listings, whose problems are still largely unresolved.

At FibreChem, external auditors Ernst & Young could not finalise an audit of its trade receivables and cash balances for the year ended Dec 31, 2008. Until now, it is unable to report its financial results for fiscal 2008 and the two quarters of this year.

China Sun has also faced an accounting mess. But the services of its chairman appeared to be indispensable as after the independent directors suspended him for failing to attend a board meeting to explain missing cash, he was reinstated three weeks later, albeit with conditions.

In the case of Oriental Century, even after police reports have been filed by its board for the massive fraud perpetuated by its chairman-cum-chief executive, the question shareholders like to ask is the outcome of the investigation and the action to be taken.

The proposed measures by SGX are laudable and would strengthen corporate governance here. But enforcement over existing S-chip issues has to be part of the equation to restore faith in this market segment.

SGX's reiteration of high baseline standards as a frontline regulator is assuring, and has been demonstrated in its proactiveness with the planned measures. Having new rules to pre-empt future problems is a good thing, but the heart of the issue is still that of enforceability.

Useful To Me Not Useful To Me

Hulumas
Supreme

01-Sep-2009 20:51

Hulumas About Contact Quote this Post! Style: Flexible Mood:

Yells: "INVEST but not TRADE please!"

x 0
x 0

Alert Admin

I am still buying today.

hedonistic77 ( Date: 01-Sep-2009 16:11) Posted:

yup, sold early at 0.32.. kickin myself in the $%^& for the itchy finger.. haha..

Useful To Me Not Useful To Me

hedonistic77
Member

01-Sep-2009 16:11

hedonistic77 About Contact Quote this Post!

x 0
x 0

Alert Admin

yup, sold early at 0.32.. kickin myself in the $%^& for the itchy finger.. haha..

Useful To Me Not Useful To Me

cheongwee
Elite

01-Sep-2009 15:30

cheongwee About Contact Quote this Post!

x 0
x 0

Alert Admin

how abt guocoleisure...the best time it is quiet...nw..it is gd time to buy ,,this another 30 to 50% potentail..dyodd

hedonistic77 ( Date: 01-Sep-2009 15:15) Posted:

sigh.. wonder how far more it will soar?

Useful To Me Not Useful To Me

cheongwee
Elite

01-Sep-2009 15:27

cheongwee About Contact Quote this Post!

x 0
x 0

Alert Admin

Mermaid ,, this px range, but once it cross a dollar again, this time we see 1.2..dyodd

Useful To Me Not Useful To Me

cheongwee
Elite

01-Sep-2009 15:26

cheongwee About Contact Quote this Post!

x 0
x 0

Alert Admin

how abt mermaid, i have confident ..pls dyodd..this one another SAR in disguise..

Useful To Me Not Useful To Me

cheongwee
Elite

01-Sep-2009 15:23

cheongwee About Contact Quote this Post!

x 0
x 0

Alert Admin

i dont know, i use trailing stop...look like you sold yours early, right?never mind , look another one..

i only regret i did not buymore here...

hedonistic77 ( Date: 01-Sep-2009 15:15) Posted:

sigh.. wonder how far more it will soar?

Useful To Me Not Useful To Me

hedonistic77
Member

01-Sep-2009 15:15

hedonistic77 About Contact Quote this Post!

x 0
x 0

Alert Admin

sigh.. wonder how far more it will soar?

Useful To Me Not Useful To Me

cheongwee
Elite

01-Sep-2009 15:13

cheongwee About Contact Quote this Post!

x 0
x 1

Alert Admin

those who lost patience and sold li heng when at 26 to 27c , now regret , right?...never mind this is life....but i hope you put your $$$ into another counter which also set to soar....gd luck

i told you Li heng dont walk it flew..it is flying.

Useful To Me Not Useful To Me

m0shii
Member

31-Aug-2009 21:05

m0shii About Contact Quote this Post!

x 0
x 0

Alert Admin

quite upset....

Useful To Me Not Useful To Me

christan
Senior

31-Aug-2009 15:41

christan About Contact Quote this Post!

x 0
x 0

Alert Admin

china down 6%

lost_soul ( Date: 31-Aug-2009 15:35) Posted:

Just wondering, what is causing li heng to drop?

Useful To Me Not Useful To Me

lost_soul
Member

31-Aug-2009 15:35

lost_soul About Contact Quote this Post!

x 0
x 0

Alert Admin

Just wondering, what is causing li heng to drop?

Useful To Me Not Useful To Me

m0shii
Member

30-Aug-2009 21:13

m0shii About Contact Quote this Post!

x 0
x 0

Alert Admin

it will go up. No worries, or maintain if STI drop slightly

Useful To Me Not Useful To Me

lost_soul
Member

30-Aug-2009 20:26

lost_soul About Contact Quote this Post!

x 0
x 0

Alert Admin

Will it rise tomorrow??

Keeping my fingers crossed.

Useful To Me Not Useful To Me

First < Newer 121-140 of 480 Older> Last

ShareJunction Version: 27 Nov 2020 ver- All Rights Reserved. Copyright ShareJunction Pte. Ltd. Disclaimer: All prices from are delayed. ShareJunction does not provide you with any financial advice. We are not into the business of providing any investment advice. See our Terms and Conditions and Privacy Policy of using this website. Data is delayed for varying periods of time depending on the exchange, but for at least 15 minutes. Copyright © SIX Financial Information Ltd. and its licensors. All Rights reserved. Further distribution and use by third parties prohibited. SIX Financial Information and its licensors make no warranty for information displayed and accept no liability for data and prices. SIX Financial Information reserves the right to adapt and/or alter this website at any time without prior notice.

Web design by FoundationFlux. Hosted with Signetique Cloud.