Qingmei   

high yield stock

S chip like Qingmei..sounds like ching mei can buy mei/...ipo about 30cts and the CEO himself used to sell a big chunk

seanpent      ( Date: 03-May-2012 11:09) Posted: Qingmei, Contel, Magnus, InnoPac, TT Int, JEL, etc. ..   InnoPac laggard ...

 

Tomorrow Qing Mei may rise Strongly!

 

Have get it at 6.7cts this morning, it is worth investing although they have issue profit guidance. With the PMI reaching one year high for China, many of the china company will be turning from red back to green, thus it will take time for it to really happen.

I feel that  the stock have over react to the hunter hall diversify of the share. All it start with the reduce of share holding from the Chairman. The % reduce is from ~62% to ~46% which is about 16% of the share and it is selling at around 0.17~0.16 which amount to S$18million. The reduction is suspect to be due to the 2010 investment of the chairman on the buying over of the xibodeng and Shulong, which have a bad debt of around 50million RMB, the diversify might be to repay the bad debt. But with the bad debt of 50 million, the diversify is actually still have 40 over million remaining, thus $0.067 compare to his original selling off at $0.16 it is extremely attactive for Mr Su to pick it up back.

As the diversify of the chairman also attract the hunter hall to diversify all it's holding, and result in panic selling thus the share price is due to over react. If the financial report is true, then the price is just many times lower than expected. Thus did not vest too much as China company report is sometime not so trusting.

ykjuay      ( Date: 03-May-2012 14:02) Posted: Believe there must be some dispute within company's directors, some dump, some pick, share holders suffered on sudden price plunged, now recovered slightly, I guess its price should trend up  to the level it falls, maybe 10.5c....

 

Believe there must be some dispute within company's directors, some dump, some pick, share holders suffered on sudden price plunged, now recovered slightly, I guess its price should trend up  to the level it falls, maybe 10.5c....

 

I don't think so! it looks like it may cont to move higher. is just the 1st day of rebounce..

bryancbq      ( Date: 03-May-2012 11:29) Posted: a case of push and dump? game over liao..

 

a case of push and dump? game over liao..

 

Qingmei, Contel, Magnus, InnoPac, TT Int, JEL, etc. ..

  InnoPac laggard ... 

 

penny still very much in play ...

 

Amazing how a stock with such good yield can fall 50% in days by just giving a profit warning on lower profits.....

Sure is a good pickup I hope @ these levels, unless the BB's want to hit it down more....

Cheers.

 

 

Did u enter? what price?

ykjuay      ( Date: 02-May-2012 22:37) Posted: price below 7c is at attractive level,worth a punt

 

are u still holding on or u cut  oredi?

Leonkoh73      ( Date: 20-Feb-2012 15:56) Posted: bought some at 0.169 and then 0.17 too. good luck!  I see that this company have good results and share prices should go up in near term :)

 

price below 7c is at attractive level,worth a punt

 

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_457E1179FC70A49C482579E3000FA019/$file/Profit_Guidance_for_Third_Quarter_Ended_31_March_2012.pdf?

sk6666      ( Date: 02-May-2012 16:54) Posted: QINGMEI GROUP HOLDINGS LIMITED has issued :   MISCELLANEOUS :: PROFIT GUIDANCE FOR THE THIRD QUARTER ENDED 31 MARCH 2012 ('3Q FY2012') on  Apr 18 2012 at  07:57:56 AM DATE OF RELEASE FOR QINGMEI GROUP HOLDINGS LIMITED’S FINANCIAL RESULTS FOR THE  THREE MONTHS ENDED 31 MARCH 2012  on or before 9 May   2012 after trading  hours.  refer to SGX website.

 

QINGMEI GROUP HOLDINGS LIMITED has issued :

  MISCELLANEOUS :: PROFIT GUIDANCE FOR THE THIRD QUARTER ENDED 31 MARCH 2012 ('3Q FY2012')

on  Apr 18 2012 at  07:57:56 AM

DATE OF RELEASE FOR QINGMEI GROUP HOLDINGS LIMITED’S FINANCIAL RESULTS FOR THE  THREE MONTHS ENDED 31 MARCH 2012  on or before 9 May   2012 after trading  hours. 

refer to SGX website. 

 

" I see that this company have good results and share prices should go up in near term :)  "

Above is true if it refer to blue chips, for pennies like QM it all purely speculative.   Even those major shareholders of such coy uses news and " pending contracts" to lure ppl to buy up their shares while at the back dumping.

  So be real careful with pennies, NO FUNDAMENTAL analysis should be used, mostly.

Leonkoh73      ( Date: 20-Feb-2012 15:56) Posted: bought some at 0.169 and then 0.17 too. good luck!  I see that this company have good results and share prices should go up in near term :)

 

any news qhy share price keeps falling other than  CEO reducing stake ??

 

I believe most analysts issue a Buy call on Qingmei.  However, do monitor SSH action.  Note from Lim & Tan.

Qingmei’s Chairman, CEO, major and controlling shareholder Su Qing Yuan has reduced his stake in the company by 16.816% to 46.26% between 16-17 cents each. 

Remarks : Not vested. Good luck.

He had previously sold 23mln shares at 16.9 cents in Oct’11.  Mr Su QY’s selling of a meaningful portion of his shares at the 17 cents level, reducing his stake to 46.26% is perplexing, especially when considering that the company is doing reasonably well with the latest 3 months to Dec’11 profit up 20% and based on last year’s dividend payment of Rmb83mln, dividend yield is 13.3%! And its trailing PE is only 2x.

 

bought some at 0.169 and then 0.17 too. good luck! 

I see that this company have good results and share prices should go up in near term :)

 

I am watching  also  for  the short term.

Cheers.

 

 

its selling down.. massive bleeding.. 

any bad news that I didn't read?


not vested. thinking of buying into the lower prices.. a good price at 0.169?

I think this company have lots of potential..