China Ouhua Winery Holdings Ltd made its listing debut on Bursa Malaysia on 4th Nov 2010. It was the first winemaker to be listed on Bursa Malaysia.
A month before it was lited, Ouhua was featured on the EdgeMalaysia article:China Ouhua sees China's wine consumption doubling by 2013
- KUALA LUMPUR: China Ouhua Winery Holdings Ltd expects wine consumption in China to double in the next three years. Its executive chairman and chief executive officer Wang Chao says annual wine consumption in the country is currently one million tons, and he expects it to double to at least two million over the next three years....
It's now Feb 2012.
Ouhua announced its Q4 earnings.
Well.... Ouhua lost money.
Receivables increased. (115 million vs 62.9 million a year ago)
Cash depleted. (55.469 million vs 160.695 million a year ago)
........ !!
Posts
4 comments:
Do check out on the 'interest income' they received from their 'millions' of cash....
Can they PLEASE bank their money with me?
So .... they ( guess who? ) said that the investing public has a negative perspective about Chinese listed stocks.
Now why can't THEY ask themselves if there is strong justification to invest in these companies?
Yes, let's just base the investment criteria soley on fundamentals...
I wonder .....
Dear Moo,
I would blame all this on the mercenaries (who by the way are Malaysian investment bankers) who expend great effort to bring these conmen to our Bursa. And purely for profit in total disregard of the damage they do to their own country.It does not take a rocket scientist to know that these China companies are at best "book-cooks". Perhaps, its time the govt charge these 'investment-bankers'for treason.
As mentioned many times before, it also doesn't help at all when Bursa Malaysia is a listed entity and as a listed entity it has a duty to its shareholders to generate as much business as possible.
So how could Bursa say no to such listing?
Post a Comment