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121-140 of 480
41.5 provide good support, i hope
41.58 is a barrier, there r few hundred million shares fm pre-IPO investors waiting
still going strong
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 |
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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:
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sigh.. wonder how far more it will soar? |
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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
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 
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S-chip issues - crux lies in enforcement
By
LYNETTE KHOO
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.
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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.. |
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yup, sold early at 0.32.. kickin myself in the $%^& for the itchy finger.. haha..
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:
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sigh.. wonder how far more it will soar? |
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Mermaid ,, this px range, but once it cross a dollar again, this time we see 1.2..dyodd
how abt mermaid, i have confident ..pls dyodd..this one another SAR in disguise..
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:
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sigh.. wonder how far more it will soar? |
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sigh.. wonder how far more it will soar?
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.
quite upset....
china down 6%
lost_soul ( Date: 31-Aug-2009 15:35) Posted:
Just wondering, what is causing li heng to drop?
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Just wondering, what is causing li heng to drop?
it will go up. No worries, or maintain if STI drop slightly
Will it rise tomorrow??
Keeping my fingers crossed.
