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yup why? coz their is fully china market?
nqing87 ( Date: 26-Feb-2021 23:03) Posted:
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I wonder how did ghy able to post such good result while mm2 submerge lol
Seems like the company indeed delivered their maiden set of results, net profit tripled and 30% dividend payout
https://www.theedgesingapore.com/capital/results/ghy-culture-media-sees-fy20-earnings-more-triple-381-mil
https://www.theedgesingapore.com/capital/results/ghy-culture-media-sees-fy20-earnings-more-triple-381-mil
Bro, I guessed you lost a lot of $ during the last Sg China red-chips saga.....
bullrun6088 ( Date: 20-Feb-2021 07:42) Posted:
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this red-chip coy reporting on 26 Feb!!!! Everybody come and see and stay tuned! Pay attention to their admin and staff cost and see how much they use the IPO MONEY to pay for the CEO and directors salary!!!! And also see how much is the dividend for retail investors!
DANGER: SELL!!!!
Retail investors best NOT TO HOLD this stock. Let the insiders and hedge funds trade amongst themselves to churn it' s own market volume!!!!
DANGER: SELL!!!!
Retail investors best NOT TO HOLD this stock. Let the insiders and hedge funds trade amongst themselves to churn it' s own market volume!!!!
Last:0.73 
-0.01
covid all cannot travel only can stay home watch tv
biz with high solid returns and churning tv drama
Gd luck dyodd
-0.01covid all cannot travel only can stay home watch tv
biz with high solid returns and churning tv drama
Gd luck dyodd
SELL this coy!!!!
BUY SingTel !
BUY SingTel !
An ideal target for shortists? Good luck
WBdisciple ( Date: 03-Feb-2021 23:54) Posted:
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retail investors AVOID this stock! SELL while it' s above the IPO price! Potential scam coy!!!! Invest in CAPITALAND, OCBC, NetLink trust.
GOVERNANCE RISKS AT G.H.Y. CULTURE & MEDIA
Full article here: https://governanceforstakeholders.com/2021/01/31/governance-risks-at-g-h-y-culture-media/
By Mak Yuen Teen
On January 20, UOB Kay Hian (UOBKH) initiated coverage on G.H.Y. Culture & Media (GHY) with a buy call and a target price of $1.08. UOBKH was joint issue manager and joint underwriter for GHY&rsquo s IPO in December 2020.
UOBKH&rsquo s initiation of coverage for GHY was well covered in the media. The day before, the share price had closed at $0.785. By lunchtime, the share price had increased to $0.81 and closed at $0.845, up 7.6% from the previous day. As of January 30, it had gone back down to $0.68, still above its IPO price of $0.66.
The fact that the company will be &ldquo guided by the company&rsquo s &lsquo visionary founder, experienced key management team and reputable team of industry veterans&rdquo was highlighted by the analysts. The prospectus said that the founder, Mr Guo Jingyu, is a notable producer, director and scriptwriter in the PRC with more than 25 years of experience and is known as the &ldquo King of Legendary Drama&rdquo .
From a corporate governance perspective, GHY screams high risk to me, with &ldquo key man risk&rdquo involving the founder being a significant risk.
Key man risk
Mr Guo is the controlling shareholder owning 59.6% of the shares, and is GHY&rsquo s Executive Chairman and Group CEO, despite having no experience as a director or CEO of a public-listed company. The Board and nominating committee (NC), in assessing Mr Guo&rsquo s suitability as Executive Chairman and Group CEO said that he &ldquo only retains supervisory oversight in the drama and film projects of our Group and is not involved in the operational aspects thereof&rdquo .
However, the prospectus lists the &ldquo strong in-house script production team&rdquo co-led by Mr Guo as one of the company&rsquo s competitive strengths, and said that Mr Guo spearheads the group&rsquo s TV program and film production business. Leading the script production team and the group&rsquo s TV program and film production business sounds like extensive involvement in operations to me.
Mr Guo has also lent money to the company, guaranteed some of its loans, and is one of the two individual shareholders of the PRC-affiliated entities which undertake the actual operations of the business.
Related parties and associates
Potential conflicts of interest also arise from the close involvement of family members of Mr Guo in the business. Mr Guo&rsquo s spouse, Ms Yue Lina, an established actress, is managed by the group&rsquo s talent management services business. She too plays a key role in the production and direction of the company&rsquo s dramas and film projects. She also acts as a joint guarantor for some of the company&rsquo s loans. Ms Yue is also an executive director on the board. Mr Guo&rsquo s brother, Mr Yang Zhigang, is also an actor managed by the group&rsquo s talent management services business and acts in the group&rsquo s drama and film projects.
Another key executive officer, Mr Xue Xin, is Senior Director of TV Program and Film Production and the other individual shareholder (together with Mr Guo) of the affiliated entities in People&rsquo s Republic of China (PRC). He is also the legal representative, executive director and general manager for eight of the nine PRC entities. Given the important role played by the legal representative in PRC companies, one may say he holds the keys to most of the locks. While he is accountable to senior management and the board as an executive officer, the key roles he holds puts him in a powerful position. His different roles may also put him in a position of conflict. Has the board considered the risks associated with Mr Xue holding these different roles and what steps has it taken to address them?
Group adviser
Then there is Mr John Ho Ah Huat, the group adviser and a substantial shareholder, who was also instrumental in the founding of the company. Under the service agreement signed with the company, which is automatically renewed annually unless terminated in accordance with the terms, Mr Ho is paid a monthly fee of not more than $30,000. His role is &ldquo to provide advisory services in identifying potential business opportunities and to provide general advice in relation to the business operations&rdquo of the group, through introducing business contacts and potential business opportunities. The prospectus said that he is not involved in the day-to-day operations or participate in the execution or implementation of business strategies.
Mr Ho was placed on SGX&rsquo s directors&rsquo and key officers&rsquo watchlist, This followed an SGX reprimand in October 2011 directed at Scorpio East, Mr Ho and several other individuals. The reprimand cited several breaches in listing rules. It said that he had &ldquo not demonstrated the qualities expected of directors and management of SGX-listed companies&rdquo and failed to act in the interests of shareholders as a whole. The special auditors&rsquo findings pointed to possible breaches of the law, and SGX said that it would refer the case to the relevant authorities.
Several contracts that Scorpio East had entered into were terminated without the approval or knowledge of the board, and were not announced. There was also &ldquo round-tripping&rdquo of cash, proposed material remittances without proper due diligence, doubts about veracity of contracts, and lack of proper internal controls. The report said that Mr Ho had taken steps to terminate the contracts without board approval. Further, after he stepped down as CEO and ED and became a consultant, he had directed the finance staff to issue receipts for the terminated contracts arising from the &ldquo round-tripping&rdquo transactions despite his knowledge that no such refunds had been made.
While Mr Ho is not a director or key officer of GHY, is it prudent for the company to appoint him as an adviser? A director&rsquo s reliance on others, such as advisers, should be based on reasonable grounds and in good faith.
Full article here: https://governanceforstakeholders.com/2021/01/31/governance-risks-at-g-h-y-culture-media/
Full article here: https://governanceforstakeholders.com/2021/01/31/governance-risks-at-g-h-y-culture-media/
By Mak Yuen Teen
On January 20, UOB Kay Hian (UOBKH) initiated coverage on G.H.Y. Culture & Media (GHY) with a buy call and a target price of $1.08. UOBKH was joint issue manager and joint underwriter for GHY&rsquo s IPO in December 2020.
UOBKH&rsquo s initiation of coverage for GHY was well covered in the media. The day before, the share price had closed at $0.785. By lunchtime, the share price had increased to $0.81 and closed at $0.845, up 7.6% from the previous day. As of January 30, it had gone back down to $0.68, still above its IPO price of $0.66.
The fact that the company will be &ldquo guided by the company&rsquo s &lsquo visionary founder, experienced key management team and reputable team of industry veterans&rdquo was highlighted by the analysts. The prospectus said that the founder, Mr Guo Jingyu, is a notable producer, director and scriptwriter in the PRC with more than 25 years of experience and is known as the &ldquo King of Legendary Drama&rdquo .
From a corporate governance perspective, GHY screams high risk to me, with &ldquo key man risk&rdquo involving the founder being a significant risk.
Key man risk
Mr Guo is the controlling shareholder owning 59.6% of the shares, and is GHY&rsquo s Executive Chairman and Group CEO, despite having no experience as a director or CEO of a public-listed company. The Board and nominating committee (NC), in assessing Mr Guo&rsquo s suitability as Executive Chairman and Group CEO said that he &ldquo only retains supervisory oversight in the drama and film projects of our Group and is not involved in the operational aspects thereof&rdquo .
However, the prospectus lists the &ldquo strong in-house script production team&rdquo co-led by Mr Guo as one of the company&rsquo s competitive strengths, and said that Mr Guo spearheads the group&rsquo s TV program and film production business. Leading the script production team and the group&rsquo s TV program and film production business sounds like extensive involvement in operations to me.
Mr Guo has also lent money to the company, guaranteed some of its loans, and is one of the two individual shareholders of the PRC-affiliated entities which undertake the actual operations of the business.
Related parties and associates
Potential conflicts of interest also arise from the close involvement of family members of Mr Guo in the business. Mr Guo&rsquo s spouse, Ms Yue Lina, an established actress, is managed by the group&rsquo s talent management services business. She too plays a key role in the production and direction of the company&rsquo s dramas and film projects. She also acts as a joint guarantor for some of the company&rsquo s loans. Ms Yue is also an executive director on the board. Mr Guo&rsquo s brother, Mr Yang Zhigang, is also an actor managed by the group&rsquo s talent management services business and acts in the group&rsquo s drama and film projects.
Another key executive officer, Mr Xue Xin, is Senior Director of TV Program and Film Production and the other individual shareholder (together with Mr Guo) of the affiliated entities in People&rsquo s Republic of China (PRC). He is also the legal representative, executive director and general manager for eight of the nine PRC entities. Given the important role played by the legal representative in PRC companies, one may say he holds the keys to most of the locks. While he is accountable to senior management and the board as an executive officer, the key roles he holds puts him in a powerful position. His different roles may also put him in a position of conflict. Has the board considered the risks associated with Mr Xue holding these different roles and what steps has it taken to address them?
Group adviser
Then there is Mr John Ho Ah Huat, the group adviser and a substantial shareholder, who was also instrumental in the founding of the company. Under the service agreement signed with the company, which is automatically renewed annually unless terminated in accordance with the terms, Mr Ho is paid a monthly fee of not more than $30,000. His role is &ldquo to provide advisory services in identifying potential business opportunities and to provide general advice in relation to the business operations&rdquo of the group, through introducing business contacts and potential business opportunities. The prospectus said that he is not involved in the day-to-day operations or participate in the execution or implementation of business strategies.
Mr Ho was placed on SGX&rsquo s directors&rsquo and key officers&rsquo watchlist, This followed an SGX reprimand in October 2011 directed at Scorpio East, Mr Ho and several other individuals. The reprimand cited several breaches in listing rules. It said that he had &ldquo not demonstrated the qualities expected of directors and management of SGX-listed companies&rdquo and failed to act in the interests of shareholders as a whole. The special auditors&rsquo findings pointed to possible breaches of the law, and SGX said that it would refer the case to the relevant authorities.
Several contracts that Scorpio East had entered into were terminated without the approval or knowledge of the board, and were not announced. There was also &ldquo round-tripping&rdquo of cash, proposed material remittances without proper due diligence, doubts about veracity of contracts, and lack of proper internal controls. The report said that Mr Ho had taken steps to terminate the contracts without board approval. Further, after he stepped down as CEO and ED and became a consultant, he had directed the finance staff to issue receipts for the terminated contracts arising from the &ldquo round-tripping&rdquo transactions despite his knowledge that no such refunds had been made.
While Mr Ho is not a director or key officer of GHY, is it prudent for the company to appoint him as an adviser? A director&rsquo s reliance on others, such as advisers, should be based on reasonable grounds and in good faith.
Full article here: https://governanceforstakeholders.com/2021/01/31/governance-risks-at-g-h-y-culture-media/
GHY.
go huat ya. stay at 0.72. not bad already.
tomorrow hope can move up a bit more.
go huat ya. stay at 0.72. not bad already.
tomorrow hope can move up a bit more.
Strong share price recovery after the recent correction - I guess we can all debate if any company is real or fake but end of the day as long as they deliver strong financials and returns to shareholders (dividends and capital gains), then its a good company. While there are many S-Chips here who had burnt investors, there are equally good ones such as Yangzijiang. Let' s see if GHY can prove skeptics wrong when they publish their first report card this month.
Sunpower and China sunshine different lah. Esp sunpower $230per 1000 sharers..will fly to at least ,$1.40 when cum
bullrun6088 ( Date: 30-Jan-2021 15:58) Posted:
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Still can U turn n up. Not bad. 0.80 lai
BB shorting the counter so that can collect cheaply from us. I will not fall for this trick!!
Remember more than 10 years ago so many China Scandal counters listing here ... they are call S-Chips = Sell Cheap ...
just take a look at all the red chips IPO since more than 10 years ago. Look at what is their current price???? All 0.001 penny stocks!!!! Look at SUNVIC!!!! And it DELISTING price now!!!! How much citizen money had been evaporated by these scam red chip???? What did MAS and SGX do???? They do nothing!!!! And more of these junk coys will be IPO!!!! Who should be responsible for such losses when regulator and authority do NOTHING!!!! SGX IS A JUNK MARKET!!!! Rating agencies should come and rate the status of SGX market. JUNK STATUS!!!!
This red chip is no different!!!! Retail investors best no to buy this counter.
This red chip is no different!!!! Retail investors best no to buy this counter.
He may have a point. Look at MM2, Unsual share price. If MM2 etc is not doing well due to convid, why this company so special? Not sure maybe someone can enlighten especially the listing in this kind of environment.
n3wbie ( Date: 30-Jan-2021 11:58) Posted:
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Interesting - mind sharing your perspectives please? Unsure whether the recent correction is in line with overall market pullback (though the decline was steeper than STI)
bullrun6088 ( Date: 29-Jan-2021 17:02) Posted:
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retail investors best to avoid this con counter! Target price: $0.10!!!!