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China Star Food   

CHINA STAR FOOD : RICH UNDERVALUED GEM

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WL123456
    03-Apr-2019 01:51  
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How can you trust a company that tells you they have no more money to pay legal fees . Those who bought into this company has Too much money to burnt lol. Good luck .

Mr_Anonymous      ( Date: 02-Apr-2019 20:21) Posted:

so cash rich but doesn't pay dividends and issue rights to pay legal fees. statement always advance payment to supplier turnover rate for independent directors so high so many red flags

 
 
nqing87
    02-Apr-2019 20:42  
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yup this is also another company with many red flags like sino G.. too many flags to catch le.. sgx too busy
 
 
Mr_Anonymous
    02-Apr-2019 20:21  
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so cash rich but doesn't pay dividends and issue rights to pay legal fees. statement always advance payment to supplier turnover rate for independent directors so high so many red flags
 

 
lukewong82
    02-Apr-2019 16:45  
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bro, admire ur courage for vesting in s-chip.. Cheers..

 

jeffyong      ( Date: 02-Apr-2019 16:06) Posted:

yes, I know. It opens at 42cts in 2016 and then traded all lthe way down to 2.3cts despite reporting eps of 1cts for interim. Expect eps to be 2cts. Now doing abt 4cts. So trade to 10cts w/o any problem. Mkt cap is just $12mio at price 4cts> Total outstanding shares are abt 290mio. Don' t let opportunity slip by. 
 

lukewong82      ( Date: 02-Apr-2019 15:03) Posted:

friend, china star food is s-chip


 
 
WL123456
    02-Apr-2019 16:26  
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This company don?t even have money to pay legal fees in Singapore . You think can buy ? They can?t even afford to pay Singapore Lawyers so what you think ?

jeffyong      ( Date: 02-Apr-2019 14:07) Posted:

China Star Food is rising higher every day. Don' t miss out on this run. With an impending right issue already confirmed, the shares did not fall. So it just prove that pple are realising that it is ridiculously undervalued.  Got for a punt to 10 cts and upwards. My 2 cts worth.

 
 
jeffyong
    02-Apr-2019 16:06  
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yes, I know. It opens at 42cts in 2016 and then traded all lthe way down to 2.3cts despite reporting eps of 1cts for interim. Expect eps to be 2cts. Now doing abt 4cts. So trade to 10cts w/o any problem. Mkt cap is just $12mio at price 4cts> Total outstanding shares are abt 290mio. Don' t let opportunity slip by. 
 

lukewong82      ( Date: 02-Apr-2019 15:03) Posted:

friend, china star food is s-chip?

jeffyong      ( Date: 02-Apr-2019 14:07) Posted:

China Star Food is rising higher every day. Don' t miss out on this run. With an impending right issue already confirmed, the shares did not fall. So it just prove that pple are realising that it is ridiculously undervalued.  Got for a punt to 10 cts and upwards. My 2 cts worth.


 

 
lukewong82
    02-Apr-2019 15:03  
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friend, china star food is s-chip?

jeffyong      ( Date: 02-Apr-2019 14:07) Posted:

China Star Food is rising higher every day. Don' t miss out on this run. With an impending right issue already confirmed, the shares did not fall. So it just prove that pple are realising that it is ridiculously undervalued.  Got for a punt to 10 cts and upwards. My 2 cts worth.

 
 
jeffyong
    02-Apr-2019 14:07  
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China Star Food is rising higher every day. Don' t miss out on this run. With an impending right issue already confirmed, the shares did not fall. So it just prove that pple are realising that it is ridiculously undervalued.  Got for a punt to 10 cts and upwards. My 2 cts worth.
 
 
lukewong82
    15-Feb-2019 17:35  
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haha.. reminds me of Midas and many other s-chip.. same thing happens.. usually before suspension, there  will always  be some good news + euphoria and share price rise with  some ppl suddenly appearing  and saying things like  " dun sell... buy now... company is doing well etc.." and all the innocent small shareholders all chiong in   to buy after  reading all the  " encouraging" posting  expecting the share price to rocket even more...

Then suddenly  came 1-2 days before suspension, suddenly all the profit taking creeped in (must be those who has bought dirt cheap  earlier and successful managed to lured in innocent investors with all those " cheerful optimistic" remarks) followed by the news of suspension.


 

jeffyong      ( Date: 15-Feb-2019 17:08) Posted:

Those who bought btw 2.3 to 2.5cts before results, congrat. Sitting on handsome profit. No need to sell. Just wait for the ride. Company is doing well with very very good cash flow. I think the 1.5cts right issue is probably aborted. If they want to raise fund, they should increase the right isssue price as  now the price closed today at 3.6cts. A 2.5cts right issue will make more sense. A low right issue price gives the wrong impression that company is short of cash. 

jeffyong      ( Date: 14-Feb-2019 22:19) Posted:

3rd Qtr results is out today. Looks good. No mention of 1.5cts rights issue. Not sure if it is aborted. But earnings is very good. 3 qtrs earning was S$0.022. That is PE of 1 or less than 1 when 4th qtr is available in 3 months time.


 
 
jeffyong
    15-Feb-2019 17:08  
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Those who bought btw 2.3 to 2.5cts before results, congrat. Sitting on handsome profit. No need to sell. Just wait for the ride. Company is doing well with very very good cash flow. I think the 1.5cts right issue is probably aborted. If they want to raise fund, they should increase the right isssue price as  now the price closed today at 3.6cts. A 2.5cts right issue will make more sense. A low right issue price gives the wrong impression that company is short of cash. 

jeffyong      ( Date: 14-Feb-2019 22:19) Posted:

3rd Qtr results is out today. Looks good. No mention of 1.5cts rights issue. Not sure if it is aborted. But earnings is very good. 3 qtrs earning was S$0.022. That is PE of 1 or less than 1 when 4th qtr is available in 3 months time.

 

 
tcshares
    15-Feb-2019 10:06  
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what happened? 
 
 
Starship
    14-Feb-2019 22:39  
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Beware of all thread titles that use the word "Gem". Lol

lukewong82      ( Date: 14-Feb-2019 22:33) Posted:

Err... keyword...CHINA , my hats off to u if u are vested.

jeffyong      ( Date: 14-Feb-2019 22:19) Posted:

3rd Qtr results is out today. Looks good. No mention of 1.5cts rights issue. Not sure if it is aborted. But earnings is very good. 3 qtrs earning was S$0.022. That is PE of 1 or less than 1 when 4th qtr is available in 3 months time.


 
 
lukewong82
    14-Feb-2019 22:33  
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Err... keyword...CHINA , my hats off to u if u are vested.

jeffyong      ( Date: 14-Feb-2019 22:19) Posted:

3rd Qtr results is out today. Looks good. No mention of 1.5cts rights issue. Not sure if it is aborted. But earnings is very good. 3 qtrs earning was S$0.022. That is PE of 1 or less than 1 when 4th qtr is available in 3 months time.

 
 
jeffyong
    14-Feb-2019 22:19  
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3rd Qtr results is out today. Looks good. No mention of 1.5cts rights issue. Not sure if it is aborted. But earnings is very good. 3 qtrs earning was S$0.022. That is PE of 1 or less than 1 when 4th qtr is available in 3 months time.
 
 
calvinlooi
    15-Jan-2019 16:28  
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Can lai mah? Those who ahorted this counter no need cover de meh?
 

 
calvinlooi
    20-Dec-2018 19:20  
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Collected some, and to fulfil the 1 for 1 right issue, wait 2 years for price recovery.

Earn until cry.

 
 
 
Berani
    14-Dec-2018 10:40  
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means SSH is rich person la.....

at least protect the stock price

NextEvolution      ( Date: 14-Dec-2018 10:13) Posted:

Price stable because the SSH Directors just loaded up over 10 million shares. If not price would have gone towards 2 liao

Berani      ( Date: 14-Dec-2018 10:06) Posted:

price stable lia


 
 
NextEvolution
    14-Dec-2018 10:13  
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Price stable because the SSH Directors just loaded up over 10 million shares. If not price would have gone towards 2 liao

Berani      ( Date: 14-Dec-2018 10:06) Posted:

price stable liao

Berani      ( Date: 11-Dec-2018 20:25) Posted:

Alot of ppl miss out this part...

  While Fujian Zixin has existing internal cash resources, the Board understands that the local
authorities in China would not look favourably on an arrangement where dividends declared by
Fujian Zixin are subsequently utilised to satisfy the Unpaid Share Capital. This would be akin
to depleting existing monies already in the account of Fujian Zixin and using such monies to
satisfy the Unpaid Share Capital instead of injecting fresh capital into Fujian Zixin.


 
 
Berani
    14-Dec-2018 10:06  
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price stable liao

Berani      ( Date: 11-Dec-2018 20:25) Posted:

Alot of ppl miss out this part...

  While Fujian Zixin has existing internal cash resources, the Board understands that the local
authorities in China would not look favourably on an arrangement where dividends declared by
Fujian Zixin are subsequently utilised to satisfy the Unpaid Share Capital. This would be akin
to depleting existing monies already in the account of Fujian Zixin and using such monies to
satisfy the Unpaid Share Capital instead of injecting fresh capital into Fujian Zixin.

 
 
Berani
    11-Dec-2018 20:25  
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Alot of ppl miss out this part...

  While Fujian Zixin has existing internal cash resources, the Board understands that the local
authorities in China would not look favourably on an arrangement where dividends declared by
Fujian Zixin are subsequently utilised to satisfy the Unpaid Share Capital. This would be akin
to depleting existing monies already in the account of Fujian Zixin and using such monies to
satisfy the Unpaid Share Capital instead of injecting fresh capital into Fujian Zixin.
 
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