Dukang Distillers Holdings

[charlesgee]

Don' t know what tricks A-team gang up to.........just announced recently remaining plants needed to shift again.

Sounds like Synear..............

[charlesgee]

Wah !!

looks like manipulators coming in, pump & dump? Small volume...price shoot up..........wonder...those sucked in ...what will happen.

[Curiousparty]

The Board of Directors (the “Board”) of Dukang Distillers Holdings Limited (the “Company”, and together with its subsidiaries, the “Group”) wishes to announce that the Group expects its overall revenue and earnings to be significantly lower for the three months ended 31 December 2014 (“2Q2015”) compared to the three months ended 31 December 2013 (“2Q2014”).
This was mainly due to the decrease in average selling prices and sales volumes of Luoyang Dukang and Siwu products as Chinese government’s continued austerity measures affect the sales of wine and spirits across the nation.
This profit guidance is based on a preliminary review of the unaudited financial results of the Group. Further details of the Group’s performance will be released when the Company announces its unaudited financial results for 2Q2015, on or before 14 February 2015.

[Bibi]

The Board of Directors (the “Board”) of Dukang Distillers Holdings Limited (the “Company”, and together with its subsidiaries, the “Group”) wishes to announce that the Group expects its overall revenue and earnings to be significantly lower for the three months ended 31 December 2014 (“2Q2015”) compared to the three months ended 31 December 2013 (“2Q2014”).
This was mainly due to the decrease in average selling prices and sales volumes of Luoyang Dukang and Siwu products as Chinese government’s continued austerity measures affect the sales of wine and spirits across the nation.

Lai liao. Most S-chips gave this reason before they go bust. I think Foreland gave this reason too.

[Curiousparty]

In 2013, Dukang was trading at around 60 cents!!!

Probably another "China Essence" in the making...

http://www.nextinsight.net/index.php/sto...jiu-videos

http://www.nextinsight.net/index.php/sto...-investors-

The Board of Directors (the “Board”) of Dukang Distillers Holdings Limited (the “Company”, and together with its subsidiaries, the “Group”) wishes to announce that the Group expects its overall revenue and earnings to be significantly lower for the three months ended 31 December 2014 (“2Q2015”) compared to the three months ended 31 December 2013 (“2Q2014”).
This was mainly due to the decrease in average selling prices and sales volumes of Luoyang Dukang and Siwu products as Chinese government’s continued austerity measures affect the sales of wine and spirits across the nation.

Lai liao. Most S-chips gave this reason before they go bust. I think Foreland gave this reason too.

[charlesgee]

Sh** coming again? They issue profit guidance again!


************************************************************************************************************************************************************************************

The Board of Directors (the "Board") of Dukang Distillers Holdings Limited (the "Company", and together with its subsidiaries, the "Group") wishes to announce that the Group expects its overall revenue and earnings to be significantly lower for the three months ended 31 December 2014 ("2Q2015") compared to the three months ended 31 December 2013 ("2Q2014").

This was mainly due to the decrease in average selling prices and sales volumes of Luoyang Dukang and Siwu products as Chinese government’s continued austerity measures affect the sales of wine and spirits across the nation.

************************************************************************************************************************************************************************************

And guess what........looking back at this report:


http://www.nextinsight.net/index.php/sto...ttomed-out

Independent director Calvin Tan said that the site, being located in the city, faced constraints in expansion. What was sold was an empty piece of land. Dukang's operations there were consolidated with those at another site in Luoyang.The sale price was not low as it took into consideration the valuation by two independent valuers. The buyer, Excel Glow Holdings, is a Hong Kong-registered company whose main business is property development, he said.

But checking the hong-kong registry http://www.cr.gov.hk

No such company as "Excel Glow Holdings" ? What is going on? Really suspicious about this sale to Excel Glow.....

[BlueKelah]

Dukang investors are going to be cooked like druken prawns now

[valuebuddies]

Though I am not vested, but hope all vested in Dukang will be alright, we will not know how the story ends but it may not be as bad as what some of you thought. Bottom line is that at least it issues profit guidance, and as in if I am vested, I would take my 14.5c and walk away.

[weijian]

Dukang investors are going to be cooked like druken prawns now

I took a quick look at its results. From Jun2013 to Sept2014 end, cash reduced from ~757mil to ~300mil RMB. It basically went into PPE (+50%, 300mil) and inventories (+100%, 300mil).

PPE increase was mainly due to the completion of a office HQ (does it sound logical to spend close to 300mil on an office building when you are right in the middle of a industry wide downturn with NO END in sight?). Inventories increased as company sourced for more and more raw materials (Again, does it make sense for you to stock up with current conditions?)

I have no evidence that there is tunneling involved but some of the actions are not understandable by me and the future doesnt look good.

[sykn]

Dear fellow VBs, I lost a lot on this one, but I've cashed out and ran for my dear life. Just thought I should share this fact since I believe we should watch out for one another in this rather dangerous world. However, please make your own decision and treat what I say as input only, if you see value in it. Regards.