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S-Chip

without or with cfd, very risky 2 short s-chip bcos trading halt can occur even on d day ony1 short.....dun play play.

 

I think the local bourse may have made it too easy for these 'tier 2' Chinese firms to get listed here. At the same time, I find it hard to believe that so many were caught up with 'fraud' or wat have you. Is it possible that their interpretation of financial & accounting rules are just not consistent with international norms? Whatever it is, I still have some in my portfolio(thankfully none of those that have been caught) and I am just biding my time to offload it once the price is right.Haiz........ this makes it harder for these counters to move northwards.

jackjames      ( Date: 31-Mar-2009 13:25) Posted: we also have to ask our own government, how they control over the listed company here, you cannot imagine, how can it be in just a few days, you got tens of china company having possible frauds over accounting, that's ridiculous.

 

Kiasu-ism is the key to where singapore is today......any better explanation...???

 

I always wondered why Singaporeans always thinking and acting like my granny.  OMG, this granny mindset (the kiasu one) must change.  Any suggestions?  I don't know.

 

we open the door and get sesame...

keepnosecrets      ( Date: 01-Apr-2009 11:27) Posted: Seriously, China is a growing giant.  Its growth is phenomenal over the last five years.  Their stock markets are dynamic and have surpassed Wall Street in liquidity and capitalization. Good and strong capitalized concerns prefer to list at home though some more adventurous went to New York.  Internet engine Bidu and food processing  Zhongpin are good examples of strong China investments going to the US. Singapore did very little marketing to entice the big giants not because we don't know how to do it, but because we as a people have "kiasu" mindsets which are not a source of encouragement for the big timers especially Western thinkers and Money spinners.  So we get the "monkeys" when we produce "peanuts".

 

Seriously, China is a growing giant.  Its growth is phenomenal over the last five years.  Their stock markets are dynamic and have surpassed Wall Street in liquidity and capitalization.

Good and strong capitalized concerns prefer to list at home though some more adventurous went to New York.  Internet engine Bidu and food processing  Zhongpin are good examples of strong China investments going to the US.

Singapore did very little marketing to entice the big giants not because we don't know how to do it, but because we as a people have "kiasu" mindsets which are not a source of encouragement for the big timers especially Western thinkers and Money spinners.  So we get the "monkeys" when we produce "peanuts".

 

It will be good to do so.  But remember the "govt" give free hands to all top people running the CDP/SGX so govt cannot answer the question.

jackjames      ( Date: 31-Mar-2009 13:25) Posted: we also have to ask our own government, how they control over the listed company here, you cannot imagine, how can it be in just a few days, you got tens of china company having possible frauds over accounting, that's ridiculous.

 

Unfortunately true......and point to add.....Chinese government only allow their companies to listed in China or HK-SAR.  So to list Singapore, they have to registered a investment or holding companies in another country like Cayman Islands. Only bigger company open office here like Cosco, which don't directly own the shipping and building arm.

You can't even use CPF to invest in most S-stocks. If CPF or Singapore Government do not allow you to use the fund.....so....how reliable are they ?

They are usually has much smaller market share in China....and when you are smaller, it really get tough in lean times.....

Livermore      ( Date: 31-Mar-2009 22:35) Posted: I heard all the better China companies go for HK listing first. We get those who don't make it to HK

 

Big Yes..."NO HORSE RUN"

When we invest in Chinese companies, we have to be careful. Just apportion some  into it. Also cannot completely rule out. No venture no gain.
Must understand why the companies are like that... few thousand yrs of cultural volatility, revolution, famines, Mao regime etc ... till now...

 

YES

This is consider big...

 

a big yes!

 

Singapore is still the best......

 

I heard all the better China companies go for HK listing first. We get those who don't make it to HK    

 

Good observation!

jackjames      ( Date: 31-Mar-2009 13:25) Posted: we also have to ask our own government, how they control over the listed company here, you cannot imagine, how can it be in just a few days, you got tens of china company having possible frauds over accounting, that's ridiculous.

 

hv never put in any dollar in any of them....not smart, just sheer luck.

 

we also have to ask our own government, how they control over the listed company here, you cannot imagine, how can it be in just a few days, you got tens of china company having possible frauds over accounting, that's ridiculous.

 

 

I got burnt once quite badly. And I know a few friends who lost big time over Ferrochina.

I won't risk another trade on them until I see that they have cleaned up their act. 

 

Adults will never learnt...burn...and cry...burn...and cry......even a toddler knows not to touch a hot kettle after been scalded.

 

Why is it China companies are so prone to this type of problems? 

Scary. Is it only a few black sheep or that the flock is mainly black? 

 

yes, it is worth when the lesson IS LEARNT and real change take place..