CSL at 0.34 now. Good or not? Buy low sell high?

good NOT.

Good stock don't simply simply IPO and then die until so low.

But last year, year to year got growth wo.

And technically it is at over sold zone 22 like that

Anyway, I just look see look see only for now

This post has been edited by ngaisteve1: Apr 25 2013, 11:05 AM

I won't buy.

The downtrend in the stock is so unreal.
What is low today could be a high in another month's time.

But if you like you go buy.

ya technically still in much downtrend.

last month, I read comment on this stock before on a blog.
Currently, it's cash is more than the traded price.
When the cash is more than the traded price, that means the stock is free, yes?
The owners should be aware and they should be the ones sweeping up the shares.
Sapu finish, kasi private.

CSL owners did none of that.
Instead, they were seen selling shares at 0.60!


Their IPO price was 95 sen!

The cash on hand can be easily manipulate

Similar as the way 1MDB transfer its money to Cayman Island

But the co paid about rm 100m income tax, cannot be easily fake

I think this CSL quite interesting and mysterious. See its NTA how much and now how much

This post has been edited by ngaisteve1: Apr 25 2013, 11:59 AM

U need to understand how the Chinamen keep their accounts first

Whether properly audited or not is another question.

I think got external/third party auditor to check one , right?

Or that one alos duit kopi ?

This post has been edited by ngaisteve1: Apr 25 2013, 12:05 PM

In China, the tax system is quite complicated

Beside income tax, there are tax paid to local government as well, so it is possible they lump it all together

Just my two sen

Looks like you have got your mind set solid on the stock because you see the stock trading at a huge discount over the stock's highest price.
Buy low sell high is what you have been taught.

Like I say if you like, go buy.

CSL, always makes me think of Chuah CD....don't want such stocks...

In china all accounts can be fabricated, even they don't pay tax, who knows?

Yes cash on hand can easily be manipulated.

The biggest giveaway that something is not right is when the owners disposed shares at 60 sen when the company's cash per share is more than 60sen!

You think of wrong things!

That's why I feel that this Chua Sui Lek stock is interesting and funny. But I am just watching its show only at the moment

Morning all
Got what tips today?

The last time i visit China, i got a shock that my client pay off its supplier by cash of few hundred thousand

I asked them why didn't use Cheque, he said to evade Government Service Tax/Value Added Tax
Even money remitted to China also kena tax