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Hong Fok

Hong Fok

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chialc Offline
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#11
Rainbow  28-12-2013, 09:53 PM
Speed, Intelligent and Integrity... without Integrity, the first 2 will kill you...
Live with Passion, Lead with Compassion
2013-06-16
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Ray168 Offline
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#12
28-12-2013, 11:03 PM
A value trap stock?

(31-08-2013, 07:49 PM)kagemusha Wrote: well maybe, but the valuation is still well below what it could be, I believe.
This is a good point that I will bear in mind.
I mean how long to hold before fair value is realised?
There are opportunity cost involved as well, doesn't it?
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Aldar Offline
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#13
29-12-2013, 02:27 PM (This post was last modified: 29-12-2013, 02:28 PM by Aldar.)
Any possibility for Hong Fok to do a REIT?
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Stocker Offline
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#14
29-12-2013, 02:37 PM
The Chongs ruled this out in one of the AGM few years ago. Believe they prefer to maintain status quo. Get all the Chongs work in the company and enjoy all they can to the maximum . Thus don't mind another or more walkouts of the AGM , this doesn't shake their positions in the company.
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opmi Offline
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#15
29-12-2013, 04:08 PM
See their HK listed company winfoong. Very generous with stock options. To themselves.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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Aldar Offline
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#16
29-12-2013, 04:36 PM (This post was last modified: 29-12-2013, 04:37 PM by Aldar.)
(29-12-2013, 04:08 PM)opmi Wrote: See their HK listed company winfoong. Very generous with stock options. To themselves.

Looks like minority shareholders are "foked".

Value trap to the max.
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propertyinvestor Offline
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#17
29-12-2013, 05:47 PM
Breach of fiduciary duty is a serious corporate offence. Shareholders can appoint a lawyer and bring the entire board to court to redress their grievance. Independent directors are suppose to represent the minority shareholders. But they approve the remuneration paid to the directors too.
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opmi Offline
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#18
29-12-2013, 05:50 PM
(29-12-2013, 05:47 PM)propertyinvestor Wrote: Breach of fiduciary duty is a serious corporate offence. Shareholders can appoint a lawyer and bring the entire board to court to redress their grievance. Independent directors are suppose to represent the minority shareholders. But they approve the remuneration paid to the directors too.


Btw hong FOK got no RC or NC.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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propertyinvestor Offline
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#19
29-12-2013, 06:28 PM
(29-12-2013, 05:50 PM)opmi Wrote:
(29-12-2013, 05:47 PM)propertyinvestor Wrote: Breach of fiduciary duty is a serious corporate offence. Shareholders can appoint a lawyer and bring the entire board to court to redress their grievance. Independent directors are suppose to represent the minority shareholders. But they approve the remuneration paid to the directors too.


Btw hong FOK got no RC or NC.

What about an Audit COmmittee?
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opmi Offline
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#20
29-12-2013, 06:48 PM
(29-12-2013, 06:28 PM)propertyinvestor Wrote:
(29-12-2013, 05:50 PM)opmi Wrote:
(29-12-2013, 05:47 PM)propertyinvestor Wrote: Breach of fiduciary duty is a serious corporate offence. Shareholders can appoint a lawyer and bring the entire board to court to redress their grievance. Independent directors are suppose to represent the minority shareholders. But they approve the remuneration paid to the directors too.


Btw hong FOK got no RC or NC.

What about an Audit COmmittee?

Sorry. Outdated info. They finally established ac nc RC in April 2013 for the first time.

http://infopub.sgx.com/FileOpen/Hong%20F...leID=15134
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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