| Latest Forum Topics / China Hongxing |
 Post Reply
|
|
What Next ?
|
|||||
|
gopaseth
Member |
27-Nov-2012 13:45
|
||||
|
x 0
x 0 Alert Admin |
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
|
||||
| Useful To Me Not Useful To Me | |||||
|
laifea98
Member |
29-Jul-2012 09:31
|
||||
|
x 0
x 0 Alert Admin |
" 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 !
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
cheongsl
Master |
28-Jul-2012 10:42
|
||||
|
x 0
x 0 Alert Admin |
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.
|
||||
| Useful To Me Not Useful To Me | |||||
|
sk6666
Master |
28-Jul-2012 10:02
|
||||
|
x 0
x 0 Alert Admin |
Clarifications on BT report by CHX. visit sgx.com | ||||
| Useful To Me Not Useful To Me | |||||
|
sk6666
Master |
26-Jul-2012 05:40
|
||||
|
x 0
x 0 Alert Admin |
More updates from CHX. Visit sgx.com now. | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
cheongsl
Master |
25-Jul-2012 19:28
|
||||
|
x 0
x 0 Alert Admin |
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. | ||||
| Useful To Me Not Useful To Me | |||||
|
moneycow
Elite |
25-Jul-2012 12:50
|
||||
|
x 0
x 0 Alert Admin |
I think such dishonest company should be BANNED for life from listing for LIFE. | ||||
| Useful To Me Not Useful To Me | |||||
|
cheongsl
Master |
25-Jul-2012 09:15
|
||||
|
x 0
x 0 Alert Admin |
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. | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
JustinQuek
Veteran |
24-Jul-2012 19:41
|
||||
|
x 0
x 0 Alert Admin |
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.
|
||||
| Useful To Me Not Useful To Me | |||||
|
cheongsl
Master |
24-Jul-2012 18:44
|
||||
|
x 0
x 0 Alert Admin |
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. |
||||
| Useful To Me Not Useful To Me | |||||
|
laifea98
Member |
24-Jul-2012 18:04
|
||||
|
x 0
x 0 Alert Admin |
Could expect a sell-out when re-listed... Any comment or advice... |
||||
| Useful To Me Not Useful To Me | |||||
|
TradeChancellor
Veteran |
24-Jul-2012 13:57
|
||||
|
x 0
x 0 Alert Admin |
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..... | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
tedsokny
Senior |
24-Jul-2012 11:30
Yells: "Have a Angkor Beer!" |
||||
|
x 0
x 0 Alert Admin |
take the $ buy icbc, boc better | ||||
| Useful To Me Not Useful To Me | |||||
|
risktaker
Supreme |
24-Jul-2012 11:25
Yells: "Posts are opinions. Do not take it as investment advise " |
||||
|
x 0
x 0 Alert Admin |
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 ....
|
||||
| Useful To Me Not Useful To Me | |||||
|
vthnay
Member |
24-Jul-2012 10:09
|
||||
|
x 0
x 0 Alert Admin |
Thanks! Now we wait for SGX's decision?
|
||||
| Useful To Me Not Useful To Me | |||||
|
sk6666
Master |
24-Jul-2012 09:09
|
||||
|
x 0
x 0 Alert Admin |
Lastest Auditors report is available at SGX website. | ||||
| Useful To Me Not Useful To Me | |||||
|
sk6666
Master |
20-Jul-2012 21:26
|
||||
|
x 0
x 0 Alert Admin |
To whom it may concern. http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_945AABC19C039A3C48257A410031EB84/$file/Announcement_Extension_time.pdf?openelement |
||||
| Useful To Me Not Useful To Me | |||||
|
Sgshares
Elite |
18-May-2012 10:59
|
||||
|
x 0
x 0 Alert Admin |
Complete sinking ship...dont need to clear up messy accounts for so long. Something is amiss for sure. Once back to trading....heavy selling will start for few days till less than 1 cent... not many china stocks worth trading, even the risk xfactor. | ||||
| Useful To Me Not Useful To Me | |||||
|
monkey80
Member |
18-May-2012 10:11
|
||||
|
x 0
x 0 Alert Admin |
China HongX is delaying and delaying... Can they delay until forever?? Our hard earn money was inside.. |
||||
| Useful To Me Not Useful To Me | |||||
|
John8118
Member |
15-Apr-2012 08:35
|
||||
|
x 0
x 0 Alert Admin |
毅 恒 鞋 材 亦 是 如 此 。 除 了 和 361度 、 鸿 星 尔 克 、 乔 丹 、 BSG、 思 凯 捷 等 国 内 外 知 名 品 牌 都 结 成 了 合 作 伙 伴 外 ， 他 们 也 在 积 极 寻 求 和 更 优 质 的 品 牌 企 业 合 作 。 公 司 高 层 认 为 ， 单 独 依 靠 一 家 品 牌 企 业 风 险 太 大 ， 一 旦 对 方 撤 单 ， 对 企 业 的 生 存 都 是 挑 战 。 所 以 ， 他 们 一 方 面 积 极 练 好 内 功 ， 另 一 方 面 正 努 力 寻 求 更 多 更 优 质 的 买 家 。 “这 样 ， 对 方 在 选 择 我 们 的 同 时 ， 我 们 也 有 资 本 选 择 对 方 ”。 Cross your fingers and hope for the best since all victims are already prepared for the worst....haha... |
||||
| Useful To Me Not Useful To Me | |||||