Wednesday, May 29, 2013
This video clip is in Chinese language, the content of video is mostly discuss on why in Asia, we are fee so important to own our house while Swiss house self owning rate is only 15%. May be our government need to learn some housing control policy from them.
Friday, May 17, 2013
In the recent bull run of KLSE, investor may find it harder and harder to get a good stock to invest as most of the blue chip seem trading at their all time high level or in a very high valuation. But during this bull run, we found that Parkson Holdings Berhad (PHB) is in the downtrend for the pass 2 days.
As 85% earning of PHB is come from its Parkson Retail Group Limited (PRG) listed in Hong Kong, the performance of PRG will always reflect on the PHB share price.
Parkson Retail Group Ltd
Last $3.76 HKD
Change Today -0.35 / -8.52%
As of 4:01 AM 05/16/13 All times are local (Market data is delayed by at least 15 minutes).
Parkson Retail Group Ltd (3368) Snapshot
52 Week High
05/29/12 - $8.38
52 Week Low
05/16/13 - $3.74
Average Volume 10 Days
Wednesday, May 1, 2013
HB Global Limited (formerly known as Sozo Global Limited), one of the China company that listed in Bursa Malaysia, have an announcement as below on 29th April 2013,
OTHERS HB GLOBAL LIMITED (formerly known as Sozo Global Limited) (“HB” or “the Company”) - Delay in Submission of Audited Financial Statements for the Financial Year Ended 31 December 2012
|HB GLOBAL LIMITED|
|Description||HB GLOBAL LIMITED (formerly known as Sozo Global Limited) (“HB” or “the Company”)|
- Delay in Submission of Audited Financial Statements for the Financial Year Ended 31 December 2012
Pursuant to Paragraph 9.23(2) of the Listing Requirements of Bursa Malaysia Securities Berhad (“LR”), HB Global Limited (formerly known as Sozo Global Limited) (“HB” or “the Company”) is required to furnish its annual audited financial statements for the financial year ended 31 December 2012 together with the auditors’ and directors’ reports (“AFS 2012”) to Bursa Malaysia Securities Berhad (“Bursa Securities”) for public release within a period not exceeding four (4) months from the close of the financial year (“Relevant Timeframe”) which falls on 30 April 2013.
The Board of Directors of HB wishes to announce that the issuance of AFS 2012 will be delayed as the audit is currently still in progress and the Company wishes to provide more time for the external auditors to complete the AFS 2012. The Company is working with the external auditors to finalise the audit expeditiously.
The Company expects to submit its AFS 2012 within five (5) market days from the date of this announcement.
Pursuant to Paragraph 9.28(5) of the LR, if the Company fails to issue the outstanding AFS 2012 within five (5) market days after the expiry of the Relevant Timeframes (the last day of this five (5) market day period is referred to as “Suspension Deadline”), in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend trading in the securities of the Company. The suspension shall be effected on the next market day after the Suspension Deadline and will be lifted on the market day following the issuance of the outstanding AFS 2012 unless otherwise determined by Bursa Securities.
Pursuant to Paragraph 9.28(6) of the LR, if the Company fails to issue the outstanding AFS 2012 within six (6) months from the expiry of the Relevant Timeframes, in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall commence de-listing procedures against the Company.
From their financial report, it seem fundamentally it is an attractive share to buy with their current price, but with the news of delaying submit their annual audited financial statement, it seem the creditably of the Company may be question by investor.
Yes, for me, to be given a peace mind for their shareholder, one company should avoid such news coming up and I think it should be avoidable by make sure all their audited report submitted on time.