my cousin said that, but not cheaper unless one achieve a technology breakthrough or economy of scale, countries with four seasons tend to have higher cost of production in glove manufacturing.

pay more for newer machines? i am still curious with so much cash on hand, would this manufacturer now opt for german/japan made or go for china made? the price difference could be 3 folds.

This post has been edited by YH1234: Apr 7 2021, 04:13 PM

if you believe it is not random, you may buy now, and tell whether the chances of rise is more than down or vice versa.

i think trust is not a criteria for audit task. relationship is between the personnel, which is not supposed to exist between a professional firm and his "client". i dont think simply part ways is how audit profession work.

my guess only, maybe boon hv the data or chart, take a look at what is the 3 stock price momement of the last 2 years, its more than sufficient to pay any tax and dividend, moreover one that pay tax is the company.

the auditor you work with told you their fee is base on trust or volume of work plus risk assessment? in a private co, you can simply terminate auditor service, however public co is a diff story, especially if the shareholders include authorities, funds and foreign investor etc. a auditor would tell you are his client when everything run fine, however if under scenario like serba, they would tell you kpmg is your auditor, not a client in a common biz relationship. read most of your response, you sound like one that argue for sake of arguement.

kpmg audit not started on 2020, and their responsibility and accountability is not limit to 2020 onwards, thus walk away and resign is never a solution, like one commenter here said, they prefer serba to terminate them. i am curious how long you deal with auditor, you seem very naive on how audit work.

i skip your first para bec its too stupid to merit response.

in most cases, whether to continue pursue depend on few thing, first the partner attitude, he is one that bear the consequences since he sign off the acct, secondly the firm reputation and working culture cum practice play a role, thirdly risk tolerance level and forth how much verified document they can secure to safeguard their ass.

auditor is merely telling the reader if the acct present a true and fair view, that's all. they are not here to find or detect fraud, in fact most auditor lack the capacity to do this bec the process is not designed for such purpose. enron fraud was detected by a university student and later an investigation reporter, its quite impossible to find fraud just by going through document.

in serba case, i guess the mgt or that fc dont even bother or too lazy to make ready all the required verification and force kpmg into a corner bec like you put it, they believe they pay enough to buy trust and relationship.

the crap is to demonstrate your unique ability of failing to understand other peoples point, repeatedly, predictably and completely, without further guess and assumption i can therefore asssert that it is quite impressive in its own right for one that claim he work with auditor.

ha, i first thought i can teach a pig to fly though i know its rather unlikely, i gotta go back to school and relearn the concept of odds....

talking abt odds, serba seem to be the only oil and gas counter that make gain for 12 consecutive quarters even when oil price dive to lowest level once. it was on my radar but i decided to go for dayang instead when i read the old man sold all.

recently i start to ponder whether to choose the so call best stock, or randomly pick a basket, since we are not privy to what constitutes best performer, and we cant afford to make a too huge mistake, i may take the latter path to reduce risk.

on reading most financial report, i trust only 2 number, cash and debt due to it nature of no hassle to confirm, sales/ar and gp/stock is interlink, and not easy to verify thus prone to manipulation. the reason i hesitate to buy serba in the past is not ar, my concern is more of their gearing. i rarely buy stock with gearing more than 1 except infra stock like mmc and malakof.

very difficult to access right and wrong, its a free world and anyone can say anything, just bear in mind we are one that shd accoutable for our own action. sometimes one might guess it wrong but still make money, while many predict what would happen correctly but still losing money.

in case black monday happen again, we can see at least 50 to 100 gurus that could guess the incident right, simply because they talk and give prediction everyday if not every hour, similarly one out of thousands strike lottery from time to time.

never cross my mind about that, i start buying glove counter, i am curious to know how much i can lose buying counter with pe less than 3, in fact i never bought any stock with pe multiple less than 5 in my entire investing life.

if we take jpm word, tg 3.50 now is reasonably pricing.

it depends on what xi want, a liberal stance albeit in economy term might strengthen his opposing force, either domestic or foreign, i think he is still not that determine to be the remarkable mao/deng or the ordinary jiang/hu. soros bet on the formar while blackrock of the latter.

if xi can achieve the same growth under a relatively closed and controlled economy with a tighten grip of power then the copy capitalism faking under the slogan socialism with chinese characteristic would become a real one, and fa hayek should have returned his nobel prize and award it to xi the lifetime wansui chairmam on a subject how ccp hammer liberty and freedom.

This post has been edited by YH1234: Sep 11 2021, 04:28 PM

i deem low pe stock as lower risk rather than bargain, some perceive this two are similar in nature, however to me lower risk denote consistent improvement while bargain is when the stock could have a double or triple digit growth in profitability. i rarely buy trendy stock because i dont know what is the best time to sell, and most of the time while i do this i am back to square one in the end and if unfortunately follow with an event like black swan, i be worst than when i first started.

thats my rational to go into glove now.

cant say ccp dont bother, just that most so called tech co is not state own, whats the point to enrich foreign investor and shanghai clique when both political battle and ideological fight, domestic and state, are coming?

his all the way bearish outlook would have 50% chance of guessing correctly, and the flip flop analyst chance of guessing thing wrong is 100%. thus follow closely what analyst say, and act the opposite is another option.

msian is either conned by aa or mas cronies, it makes no diff, at leaat for aa, one have the illusion of value buy.

i think aa mgt declared of generous dividend in the past is a classic act and lecture of what is separate entity concept that shd be taught in every accounting class.