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(18-08-2014, 09:18 PM)Curiousparty Wrote: The best strategy is avoid all S-chips...
there is enough undervalued non-Schip counters out there for us to avoid S-chips altogether...
(18-08-2014, 09:00 PM)GPD Wrote: Doesn't that implied the accounting of China banks are very questionable as well?
I was about to say the ABC branch manager is going to be in trouble but I realized the word "forged"...
But it is also true in the past that bank managers give fake statements for a "fee" but I think that practice is no longer common after it was thrown into limelight
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18-08-2014, 11:21 PM
(This post was last modified: 21-08-2014, 10:32 AM by Curiousparty.)
Hence, I hope value buddies will understand why I become very apprehensive of S-chips in general (e.g. sunsine, sino grandness, china essence, etc) once I sense that management might be up to some tricks in their sleeves, etc
especially when the company has a bumper year and company still did not want to buy back any shares to boost investor's confidence...
(this is my personal view - caveat emptor)
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(18-08-2014, 09:18 PM)Curiousparty Wrote: The best strategy is avoid all S-chips...
there is enough undervalued non-Schip counters out there for us to avoid S-chips altogether...
I agree.
I also avoid all S-Chips.
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(18-08-2014, 11:28 PM)Dividend Warrior Wrote: (18-08-2014, 09:18 PM)Curiousparty Wrote: The best strategy is avoid all S-chips...
there is enough undervalued non-Schip counters out there for us to avoid S-chips altogether...
I agree.
I also avoid all S-Chips. i almost wanted to buy!!!
heng i never buy
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Yeah! Avoid s-chips! (But sino grandness still on my watchlist. Haha!)
Time to roll!!!
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20-08-2014, 01:18 AM
(This post was last modified: 20-08-2014, 01:27 AM by ValueBeliever.)
After reading the news of 577mil bank statement was forgery, it goes show a sinister sign that the entire chain of events were all orchestrated to the tune of perfection until the very last moment. Its not that Mr Lin is very cunning but the system of attracting IPO S-Chip was a complete failure. SPH thank goodness had at least stated clearly that to the very last moment with all the signs of imminent danger (like major shldrs selling, raising of bond money at high interest), in spite of all these, Voyage (old name SIAS) was advising increasing exposure to innocent shldrs.
Any opportunity for helping shldrs of Eratat to turn their fortune around with a RTO is dashed - SHK 20mil loan and surprisingly ABC (Agriculture Bank of China) now claims Eratat own 34mil yuan (previous visit by Audit community with the bank was arranged at ABC premises by "Eratat's personnel acting as bank employee?? " verify cash balance of 577, and no outstanding loan). Now why would a bank lent its premises to verify statement unknowingly??
I see no point in CPF money discussion, many new poor has been created over the years by S chips! Isnt it clear that there had been a big mis-management of the nation wealth, and it rolls back to who let in the wolf?
I like to believe that the China Chinese are making the world a better place, but so far the corruption politics/business, territorial claim (after it had grown mightier) and the constant nagging of Japan past military crime, had kept me from all things China produce.
In fact everytime I see Made in China, I like to think of it as bad quality or produce with low cost without regard for environmental and human/labor concern. I recently bought a hammer and was shocked to find the its core is hollow and cracked after use. Its a Stanley brand (not sure if its bad forgery fake??) but made in China!!
Since President Xi is such a good politician in cleaning up China's corrupt business/political elite, will Singapore raise any issue to prosecute some of these S chip crooks? I really have my doubt!!
Who will volunteer to cry in protest (on S Chip) when President Xi visit? I remembered Senior Lee cried hard enough that President Jiang asked something be done about Suzhou? Do we even have the courage to address real issue or talk of more investment by Singapore into China conditional on arrest be made?
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Any moderators here?
Do you think Curiousparty is justified in naming other S-Chips in his earlier post on Erata:
“Hence, I hope value buddies will understand why I become very apprehensive of S-chips (e.g. sunsine, sino grandness, etc) once I sense that management might be up to some tricks in their sleeves, etc especially when the company has a bumper year and company still did not want to buy back any shares to boost investor's confidence...(this is my personal view - caveat emptor)”
He did not mention what the tricks Sino and Sunsine plays. He seems to be keen on capitalising on the Errata scandal to frighten shareholders of Sino Grandness and Sunsine and spreading scare.
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(20-08-2014, 07:38 AM)Adagio Wrote: Any moderators here?
Do you think Curiousparty is justified in naming other S-Chips in his earlier post on Erata:
“Hence, I hope value buddies will understand why I become very apprehensive of S-chips (e.g. sunsine, sino grandness, etc) once I sense that management might be up to some tricks in their sleeves, etc especially when the company has a bumper year and company still did not want to buy back any shares to boost investor's confidence...(this is my personal view - caveat emptor)”
He did not mention what the tricks Sino and Sunsine plays. He seems to be keen on capitalising on the Errata scandal to frighten shareholders of Sino Grandness and Sunsine and spreading scare.
He's just saying other s-chips, and he named some examples of s-chips (etc sunshine and sino-grand...). If like that also nedda moderate i don't know what to say ler.
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(20-08-2014, 08:14 AM)kikababoo Wrote: (20-08-2014, 07:38 AM)Adagio Wrote: Any moderators here?
Do you think Curiousparty is justified in naming other S-Chips in his earlier post on Erata:
“Hence, I hope value buddies will understand why I become very apprehensive of S-chips (e.g. sunsine, sino grandness, etc) once I sense that management might be up to some tricks in their sleeves, etc especially when the company has a bumper year and company still did not want to buy back any shares to boost investor's confidence...(this is my personal view - caveat emptor)”
He did not mention what the tricks Sino and Sunsine plays. He seems to be keen on capitalising on the Errata scandal to frighten shareholders of Sino Grandness and Sunsine and spreading scare.
He's just saying other s-chips, and he named some examples of s-chips (etc sunshine and sino-grand...). If like that also nedda moderate i don't know what to say ler.
Adagio must have heavy stake in china sunhine and sinograndness... 
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