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I made a watch list of 30x S-chip few years ago and today when i revisit it again 6 of them are suspended or de-listed.
1) Celestial
2) China Sun
3) China Milk
4) Sino-Enviroment
5) Memory Device
6) China Hongxing
Pls add on :-)
And this is the list of potential candidates
1) Sun Ray
2) Sun East
3) Luxking
4) Jutian
5) China Kangda
6) China Diary
7) China Haida
8) China Power Plus
9) China Acorp
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25-02-2011, 11:05 PM
(This post was last modified: 25-02-2011, 11:05 PM by freedom.)
ferrochina
beauty china
china pdye
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There is no co-incidence that virtually all of the delisted S Chips were third tier companies in crappy businesses. Perhaps the only exception was FerroChina but its huge current liabilities killed it in the credit crunch. What does this mean ? If you want a slice of the Chinese growth, stick to 1st tier China companies either through the newly created ADRs or SOE/SWF-linked Chinese companies. Don't risk it with a third tier company with a poor dividend track record !
On another note, I noticed a number of S Chips paying dividend this year. Look at their payout ratio as well.
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.
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25-02-2011, 11:16 PM
(This post was last modified: 25-02-2011, 11:17 PM by corydorus.)
Careful. Giving divident doesn't mean they are Safe.
The worst S-Chips are those that continue to devalue investor and don't die.
And different or new tricks will be played out.
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good china companies do not come to Singapore to list.
the best stay in China A and maybe dual list in HK.
second-best list in HK, US (NYSE, or top NASDAQ)
the rest come to SGX, some NASDAQ
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25-02-2011, 11:24 PM
(This post was last modified: 25-02-2011, 11:25 PM by Nick.)
SOE Linked: Cosco Singapore (Cosco Grp), CM Pacific (CMG), China Aviation Oil (CNAF)
SWF Linked: Yangzijiang (Qatar), China Minzhong (GIC)
In terms of market capitalization, YZJ is the largest with over $7 billion.
Please add to the list. The rest I don't dare look haha
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.
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25-02-2011, 11:31 PM
(This post was last modified: 25-02-2011, 11:32 PM by corydorus.)
Big and look strong doesn't mean will not. It may just be taking longer to lick dry.
Worldcom (USA) and Enron (USA) many times bigger.
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