I am posting cos I just glance thru XQ's earnings...
and then I saw the chart
This was one of the few postings talking about the shit in Xingquan back in Jan 2016.
» Click to show Spoiler - click again to hide... «
QUOTE
QUOTE(TC-Titan @ Jan 1 2016, 09:36 AM)
It's quite obvious to me...
But to the millions.... and millions.... of KYY's fans~~~ the most electrifying man in Malaysia's stock entertainment, prolly not.
If u smelllll lalalala........ what he's cooooooking? O_o
Happy New Year everyone~! May the HUAT be with you!
Well let me say what you dare not write.
ie. he's nothing but a low life.
Yes, he can make his millions and donate his millions...
so what?
when he writes...
he tries to seduce the reader to buy what he writes on....
he CAPITALIZE on the fool hearty Malaysian punters who chooses to adopt the 'follow the sifu' strategy....
this strategy is one of THE MOST powerful thing in the market...
more so when the market is hot...
who does not want to follow the sifu god of the stock market?
he buys, he writes, they follow...?
what a great proven strategy!
easy money.
wet wet water.
like I said before...
I got no respect for this man.He can claim his good wills, scholarships/donations but when he does what he does...
it's not forgiving....
and ironically Xingquan is one of the good examples of how crooked/sinister he is.....
before continue.....
Xingquan. This is THE stock that claims to have 900 million plus in CASH but yet had balls to announce a farking 50 million rights issue.
What the fark.... yes?
Any living being which is not STUPID can easily understand that the whole thing just doesn't make sense.
So why is this man, who dares to claim to be a super investor of Malaysia....chose Xingquan?
why?
and a lot of people know KYY has bought shares in Xingquan since 2010....
Link to posting:
https://forum.lowyat.net/topic/3773939/+520#Scroll down and read post #534 also
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Here is XQ's earnings...

a loss of over 380 MILLION !!!!
See? See? Yet another definitive example that tells me NOT TO TRUST China stocks listed in Msia.
Name me just one CHINA stock listed here that it is trouble free!
The stock chart since JAN 2016.

If not mistaken XQ was listed back in 2009.
IPO price was 1.70+ I think.
Xingquan closed yesterday at 16 sen !!!!!
and ....................
I have to point out that Xingquan had a rights issue (1 for 3) in March 2016 !!! (that one I don't f'ing understand. Cash rich company, still wants to do rights issue?!!! )
Comments:
1. this is why
the CASH PER SHARE yardstick it TOTALLY USELESS for China stocks listed here ! 2. And the low PE.
Here's an interesting point...
When XingQuan kept falling since its IPO, all the while, it traded at a PE below 10! Sometimes below 5!!!!
And yet the stock fell!
So I think one should not simply USE PE.
Low PE does mean the stock is trading very cheaply versus its earnings...
but it ALSO MEANS THE STOCK IS NOT LAKU!
Many a times, the reason why the stock is NOT LAKU is very valid!!!
NOT ALL LOW PE EQUALS A GREAT STOCK!!!
3. and oh... the KYY issue!!! read inside the spoiler hor....
at this rate XQ could possibly trade below 10 sen...