hina Ouhua Winery Announces Quarterly Losses
Last night, China Ouhua announced a shocker!
Ouhua COO, director quit after Q4 loss
Published: 2012/03/02
KUALA LUMPUR: China Ouhua Winery Holdings Ltd yesterday announced the resignations of its chief financial officer Zheng Le Le and director Tam Fook Cheong.
This came a few days after the company posted a fourth quarter net loss of almost RM7 million, against a net profit of more than RM7.3 million same quarter a year ago.
The company’s cash balances also fell during the financial year from more than RM300 million in 2010 to RM110 million, while trade receivables increased to RM228 million from a mere RM125 million a year ago.
Zheng said the resignation was due to “some personal reasons”, while Tam resigned due to heavy commitment to consultancy works. Tam was also the chairman of the audit committee prior to his resignation.
What??????
The CFO quits!!!!
The Chairman of the audit committee also quits!!!!
What???? What????? What????
Good grief!!!! How can this be happening????
How on earth could such a company be allowed to be listed in our stock exchange!!!!!
http://www.whereiszemoola.blogspot.com/search?updated-max=2012-03-02T11:58:00%2B08:00&max-results=5
mmmmmmmmmmmmmmmm
on 13th April 2011, Smartag made two quarterly earnings report. But Smartag made its listing debut on 18th April 2011. Which means those 2 set of earnings was made before Smartag was listed.
Now if I take this into consideration, since listing, Smartag had reported losses for every quarter!!!!
Yup!
Exactly!
Yet another QUALITY-LESS company being listed on our stock exchange.
Sigh!
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bonny b said...
Dear Moo,
It is obvious that Bursa Malaysia is turning into a ghost market. On top of all these outrageous listings, Bursa continues to prefer selective enforcement of its own rules. This last one week for instance, we witnessed Gamuda being pushed down sharply in closing trades on at least three occasions(maybe to kill off maturing call-warrants?).I don't expect Bursa to have anything to say about it.
As it is, Bursa is losing the trust of its individual investors. There is hardly any new retail investors. So, the biggest retail players are the remisiers and dealers themselves. Any newcomer will be taught a lesson on quick-time, and will soon withdraw with tail between legs.
Moolah said...
bonny b: "selective enforcement of its own rules"
Exactly!
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March 01, 2012
AND IDEAL JACOBS POSTS LOSSES
Last year, a few ACE (ACE? Bah! For me, it's still MESS-daq ) stocks were listed and because of their stock performance, they caught the attention for all the wrong reasoning.
One of them was Ideal Jacobs.
The following postings were made..
Ideal Jacobs Promising Debut?
Ideal Jacobs - Stinking Up The Whole Market
Yet Another Brilliant Performance From A Newly Listed ACE Stock!
What happened was the stock opened at an incredible premium.
It IPO-ed at 27 sen. Opened at 1.05, reach a high of 1.10... and then.... the stock collapsed and by the next day the stock reached a low of 35.5 sen. ( Hmm.. what's the precise description for such a stock play? Anyone? )
What irked me was the press had the gall to hail it as a promising debut.
Three months later the company reported quarterly losses! ( see Yet Another Brilliant Performance From A Newly Listed ACE Stock! )
Last night Ideal Jacobs announced its earnings.
It lost money again!
Below is the screen shot of what they have done since listing...
Oh... Ideal Jacobs last traded yesterday at 17 sen!!!
Yup!
Exactly!
Yet another quality listing on Bursa Malaysia!
http://whereiszemoola.blogspot.com/2012/03/and-ideal-jacobs-posts-losses.html
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Comeon... what's the point of listing such quality-less company in the exchange?
Is it to turn the exchange into a bigger casino?
Oh but wait... Bursa is business. It's a listed company. It has to make money!
zzzzzzzzzzzzzz
經過一輪大減價清貨後，組合變得更為簡潔，其實組合一直有個毛病，就是持股數量太多，如果大盤是上升幾乎所有股票都炒熱的話，基本上問題不大，因為不用怎麼管理。但當大盤開始不升而資金變得選擇性地炒細價股的時候，每一隻股票都要花不少時間去觀察管理時，持股數量太多就變得很麻煩。
本來分散持股可以分散風險，但今次遇上集體洗倉式下跌，持股多也不見得跌得少。而牛一下來的雞犬階升可能已告一段落，就算大盤今次跌不下去，資金也會開始審慎去追逐板塊，所以選股要更嚴格，要真正的價量互動，突破阻力，最好再配合一點盈利增長才買入，但選定目標後不妨注碼大一點，狠一點。
一年間流流長，只要有大量現金，不怕追不回利潤.........
market is in risky zone..................
keep more cash.......
zzzzzzzzzzzzzzz
