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$0.30 no issue...WILL HIT soon...END TARGET is 40cents...NAV $0.55...good entry level 50% discount
danielle ( Date: 27-Nov-2020 11:43) Posted:
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touch 3?
johnng ( Date: 27-Nov-2020 11:35) Posted:
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BIG MOVE coming soon!!!!
CHIONG ARH KINGSMEN
Kingsmen Creatives expecting net loss for H1 2020 due to Covid-19
KINGSMEN Creatives is expecting to report a net loss for the first half of 2020 as a result of the Covid-19 pandemic, compared with the same period last year, when it recorded a net profit, the mainboard-listed company said in an exchange filing on Thursday.
This is based on a preliminary review of the unaudited financial results for the half year ended June 30, it said after trading hours.
The pandemic has severely affected the group' s business, resulting in cancellations and postponements of contracts, the temporary closure of factories and operations, and a disruption in the supply chain, Kingsmen said in the filing.
As a result, it has registered a decline in revenue and higher cost of sales due to the disruption to its supply chain for H1 2020.
Kingsmen said: " Despite the ongoing cost-containment and cost-saving measures taken, it has not been sufficient for the group to achieve a positive bottom line."
Its board of directors believes, however, that the working capital position of the group remains healthy.
The company is still finalising the group' s unaudited financial results, it said. Further details of the group' s financial performance will be disclosed when the it announces its H1 2020 unaudited financial results on or before Aug 14.
Its board has also advised shareholders and potential investorss to exercise caution when dealing in the shares of the company.
Is there a reason why Kingsmen Creatives surged 16% just before market closed today? simply due to company shares buyback?
Subsidiary Kingsmen (Beijing) was ordered to pay Rmb7.6m ($1.5m) to Guang Zhou Audio Visual Communication for an accident which occurred during the construction of an exhibition construction project at Chengdu.
Sound serious... Okay stay away
Kingsmen Creatives Ltd said Friday that Ernst & Young LLP (E& Y), the external auditors for the company, have submitted a confidential report dated Jan 11, 2013 to the Minister of Finance on the basis that E& Y has reasons to believe that serious offences involving fraud or dishonesty have been committed against two subsidiaries of the company.
Read more:http://www.businesstimes.com.sg/breaking-news/singapore/alleged-fraud-dishonest-acts-kingsmen-units-20130118
Went in for second round ...bought at 71.5 cents...then it dropped to 69.5 cents...endured and managed to contra at 72 cents....
Not going for third round....cos high risk....
Gap down and unknowingly jumped in at 72.5 cents....
Alamak, then read the SGX announcement of employee embazzlement and contract issues...exit at 73.5 cents