S-chips make a comeback in Singapore

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#61
I made a watch list of 30x S-chip few years ago and today when i revisit it again 6 of them are suspended or de-listed.

1) Celestial
2) China Sun
3) China Milk
4) Sino-Enviroment
5) Memory Device
6) China Hongxing

Pls add on :-)

And this is the list of potential candidates

1) Sun Ray
2) Sun East
3) Luxking
4) Jutian
5) China Kangda
6) China Diary
7) China Haida
8) China Power Plus
9) China Acorp
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#62
ferrochina
beauty china
china pdye
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#63
There is no co-incidence that virtually all of the delisted S Chips were third tier companies in crappy businesses. Perhaps the only exception was FerroChina but its huge current liabilities killed it in the credit crunch. What does this mean ? If you want a slice of the Chinese growth, stick to 1st tier China companies either through the newly created ADRs or SOE/SWF-linked Chinese companies. Don't risk it with a third tier company with a poor dividend track record !

On another note, I noticed a number of S Chips paying dividend this year. Look at their payout ratio as well.
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.
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#64
Careful. Giving divident doesn't mean they are Safe.

The worst S-Chips are those that continue to devalue investor and don't die.

And different or new tricks will be played out.

Just my Diary
corylogics.blogspot.com/


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#65
good china companies do not come to Singapore to list.

the best stay in China A and maybe dual list in HK.

second-best list in HK, US (NYSE, or top NASDAQ)

the rest come to SGX, some NASDAQ
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#66
SOE Linked: Cosco Singapore (Cosco Grp), CM Pacific (CMG), China Aviation Oil (CNAF)

SWF Linked: Yangzijiang (Qatar), China Minzhong (GIC)

In terms of market capitalization, YZJ is the largest with over $7 billion.

Please add to the list. The rest I don't dare look haha
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.
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#67
Big and look strong doesn't mean will not. It may just be taking longer to lick dry.
Worldcom (USA) and Enron (USA) many times bigger.

Just my Diary
corylogics.blogspot.com/


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#68
SEC Probes China-US Stock Fraud Network Allegations

http://www.cnbc.com/id/40770786/SEC_Prob...llegations

This is not just happing in Singapore,
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#69
(25-02-2011, 11:21 PM)freedom Wrote: good china companies do not come to Singapore to list.

the best stay in China A and maybe dual list in HK.

second-best list in HK, US (NYSE, or top NASDAQ)

the rest come to SGX, some NASDAQ

World wide phenomenon actually.

Quote:Since the main difference among private sector Chinese companies incorporated abroad is the exchange in which they are listed, the following terms are used to differentiate them:

P chip if traded in Hong Kong.
S chip if traded in Singapore.
N share if traded in the NYSE, NASDAQ, or the AMEX.
L share if traded in London.

Quote:Partial List of Suspended or Delisted P-Chips

This list includes name of company, stock symbol, and place of incorporation. The Hong Kong Exchange might have reassigned to other companies the stock symbols in this list.
Asia Aluminum (SEHK: 930) (Bermuda)
Bep International (SEHK: 2326) (Bermuda)
Fu Ji Food and Catering (SEHK: 1175) (Cayman Islands)
Peace Mark (SEHK: 304) (Bermuda)
Smart Union (SEHK: 2700) (Cayman Islands)
Tack Fat (SEHK: 928) (Cayman Islands)
U-right International (SEHK: 627) (Bermuda)
A - S China Plumbing Products Ltd. (SEHK: 8262) (Cayman Islands)
ABC Communications (Holdings) Ltd. (SEHK: 30) (Bermuda)
Automated Systems Holdings Ltd. (SEHK: 771) (Bermuda)
China Information Technology Development Ltd. (SEHK: 8178) (Cayman Islands)
China Jin Hui Mining Corporation Ltd. (SEHK: 462) (Cayman Islands)
China Medical and Bio Science Ltd. (SEHK: 8120) (Cayman Islands)
China Nickel Resources Holdings Co. Ltd. (SEHK: 2889) (Cayman Islands)
China Packaging Group Co. Ltd. (SEHK: 572) (Cayman Islands)
China Post E-Commerce (Holdings) Ltd. (SEHK: 8041) (Cayman Islands)
China Star Film Group Ltd. (SEHK: 8172) (Bermuda)
China Trends Holdings Ltd. (SEHK: 8171) (Cayman Islands)
CIL Holdings Ltd. (SEHK: 479) (Bermuda)
Climax International Co. Ltd. (SEHK: 439) (Bermuda)
EganaGoldpfeil (Holdings) Ltd. (SEHK: 48) (Cayman Islands)
Extrawell Pharmaceutical Holdings Ltd. (SEHK: 858) (Bermuda)
Grand Field Group Holdings Ltd. (SEHK: 115) (Bermuda)
Hong Kong Resources Holdings Co. Ltd. (SEHK: 2882) (Bermuda)
Info Communication Holdings Ltd. (SEHK: 8082) (Cayman Islands)
Jackin International Holdings Ltd. (SEHK: 630) (Bermuda)
Kith Holdings Ltd. (SEHK: 1201) (Bermuda)
M Dream Inworld Ltd. (SEHK: 8100) (Cayman Islands)
Mitsumaru East Kit (Holdings) Ltd. (SEHK: 2358) (Cayman Islands)
Nam Fong International Holdings Ltd. (SEHK: 1176) (Bermuda)
Nam Hing Holdings Ltd. (SEHK: 986) (Bermuda)
New City (China) Development Ltd. (SEHK: 456) (Cayman Islands)
Ngai Lik Industrial Holdings Ltd. (SEHK: 332) (Bermuda)
Ocean Grand Holdings Ltd. (SEHK: 1220) (Bermuda)
Pan Asia Mining Ltd. (SEHK: 8173) (Cayman Islands)
Pan Sino International Holding Ltd. (SEHK: 502) (Cayman Islands)
Peaktop International Holdings Ltd. (SEHK: 925) (Bermuda)
Prosten Technology Holdings Ltd. (SEHK: 8026) (Cayman Islands)
QPL International Holdings Ltd. (SEHK: 243) (Bermuda)
Rojam Entertainment Holdings Ltd. (SEHK: 8075) (Cayman Islands)
SMI Publishing Group Ltd. (SEHK: 8010) (Cayman Islands)
Wai Chun Group Holdings Ltd. (SEHK: 1013) (Bermuda)
Warderly International Holdings Ltd. (SEHK: 607) (Cayman Islands)
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#70
It's quite interesting actually.

There's been a whole sub-industry that's come up based on the business model of finding dubious China based companies listed on the NASDAQ either by questioning the reported numbers and/or getting local agents on the ground to stake out the factories, shorting them and then issuing independent research reports.

Bronte Capital, a Australian-based (I believe it's Australian) small hedge fund is one such fund that's shorting the dubious NASDAQ-listed China companies. You can read about it at the manager's John Hempton's blog here.

I wonder how many here in SG were shorting the dubious S-chips?
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