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« on: January 28, 2010, 08:46:26 AM » |
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Xingquan intent on 20pc payout
China-based firm Xingquan International Sports Holdings Ltd is intent on keeping its promise to pay out dividends amounting to 20 per cent of its current year earnings.
Two months ago, Xingquan (5155) managed to garner sales orders of up to 500 million yuan, which is 56 per cent more than a year ago.
"In view of good business prospects in the near term, we're confident of following through what we promised in our prospectus," said executive chairman Wu Qing Quan.
He was speaking to reporters after the company's first shareholder meeting in Kuala Lumpur yesterday.
Xingquan's sports apparel brandnamed Addnice , is one of China's leading brands in outdoor sports shoes, apparels and accessories. Wu said Addnice is distributed over 1,596 retail locations across China.
The demand for sporting wear has increased tremendously in China, especially after the Beijing Olympics 2008 and the Government's continuous effort in promoting sporting lifestyle.
Sports shoes and sports wear are no longer just functional wear but are also seen as fashionable and leisure wear.
"China's economy continues to grow at 9 per cent this year. With higher purchasing power, emerging middle class consumers are expected to be the major drivers for the growth of the consumer market in the future," he said.
In view of growing market demand, Wu said work progress at the group's new factory is on schedule and is due for completion in 2011.
"We are doubling our production capacity for shoes and shoe sole products to 10 million and 28 million pairs, respectively," he said.
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« on: January 28, 2010, 08:46:26 AM » |
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« Reply #1 on: February 26, 2010, 02:59:09 AM » |
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Xingquan's Chalks Up RM34.89 Mln In Pre-Tax Profit In Q2
KUALA LUMPUR, Feb 25 (Bernama) -- Xingquan International Sports Holdings Ltd, a manufacturer of leisure and sports shoes, chalked up a 27.11 per cent increase in pre-tax profit to RM34.89 million for the second quarter ended Dec 31, 2009, against RM27.45 million registered previously.
Revenue increased a significant 61.3 per cent to RM179.66 million from RM111.37 million registered in the corresponding quarter.
In a statement on Thursday, Xingquan said both revenue and pre-tax-profit increased due to higher sales volume and better selling prices for outdoor and indoor sports and leisure shoes.
The company's aggressive marketing and promotion campaigns also resulted in the group registering a 52.76 per cent increase in revenue to RM311.25 million in the first-half of the financial year ending June 30, 2010.
Pre-tax profit rose 10.65 per cent to RM59.85 million.
The company sold 6.2 million pairs of shoe soles in the first six-months of the financial year against 4.8 million pairs in the corresponding period in 2009.
Sale of outdoor and indoor sports and leisure shoes increased to 3.3 million pairs for the six-months ending Dec 31, 2009 from 2.7 million pair sold previously.
Xingquan is declaring an interim dividend of 2.5 sen, per share, to be paid to shareholders on April 16, 2010.
-- BERNAMA
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« Reply #2 on: February 26, 2010, 03:00:18 AM » |
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Profit better than expected.
Already give interim 2.5 cents.
Looks Like investor is getting more than 3 cents this year.
BUY!
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Kucing
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« Reply #3 on: February 26, 2010, 11:09:27 AM » |
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Kucing
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« Reply #4 on: February 27, 2010, 11:55:25 AM » |
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USuck
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« Reply #5 on: February 27, 2010, 12:31:18 PM » |
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Msposrts PE very high... So is also XDL. That's why tabung haji not interested.
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My bird is alway not kwai but angry.
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Kucing
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« Reply #6 on: February 27, 2010, 12:38:55 PM » |
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Msposrts PE very high... So is also XDL. That's why tabung haji not interested.
Mr.Suck Boss, go and read my analysis in "MSports" colume posted by me ! Many people are mistaken with the way they put their (sen) in account and thought their full year earning only 0.18 sen (NO! it is 18 sen !!) Their PER is only dirt cheap at 2.77 at price of 0.50 !! I just read from starbiz this morning that tabung haji recently increased their holding in Xinquan because they got tons of shares at IPO price of 2.00 plus ! They are "averaging down" to cover their investment screw-up ! (which they always did !!) Well, all in all, all red chips have a very attractive PER !! Just most MAlaysians have no confidence in their management (worry they are conmen !!)  |
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USuck
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« Reply #7 on: February 27, 2010, 01:02:33 PM » |
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Sorry kuching. Please send me the link. I want to take a look.
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My bird is alway not kwai but angry.
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Kucing
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« Reply #8 on: February 27, 2010, 01:06:37 PM » |
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Quisss Sing de Cat
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« Reply #9 on: February 27, 2010, 01:36:31 PM » |
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Kucing, Kucing ... seems that u have a romance with shoe ...s ? I thot Kucing wear no shoe lor?  |
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Kucing
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« Reply #10 on: February 27, 2010, 02:41:51 PM » |
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Kucing, Kucing ... seems that u have a romance with shoe ...s ? I thot Kucing wear no shoe lor? Don't get me wrong... Actually I have a romance with MONEY !! Whatever can make money, INVEST ! as simple as that !! |
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« Reply #11 on: March 01, 2010, 04:08:30 PM » |
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followme
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« Reply #12 on: March 12, 2010, 01:00:42 PM » |
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Firing Up to RM1.71 Soon.
While waiting for the soon to be born baby K-Star Sport to be Listed in Bursa.
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« Last Edit: March 12, 2010, 01:04:59 PM by followme »
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« Reply #13 on: March 12, 2010, 05:43:07 PM » |
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Cover Story: Xingquan focuses on fast-paced growth
Shoemaker Xingquan International Sports Holdings Ltd maintains a blistering pace of growth, but its share price is not keeping pace. In fact, its share price has retreated since the stock’s listing in July last year.
Xingquan’s executive chairman Wu Qingquan sees this as a passing phase. “At one time, foreigners did not believe China was sustaining an economic growth of 9% a year. There were doubts even of the country, what more a newly listed company,” he tells The Edge in his factory in Jinjiang City in China’s Fujian province.
It did not help that in early 2008, a series of S-chips — China companies listed in Singapore — crashed. And one of them was also a shoemaker, China Hongxing Sports Ltd.
Instead of showing high growth, Hongxing had reported a 30% fall in its net profit in the final quarter of 2008, and advances to distributors had surged to RMB1.1 billion. Its share price plunged after that.
Xingquan’s Wu has to pay more attention to investor relations (IR), spending more time seeing fund managers than even CEOs in Kuala Lumpur, says an aide. Various groups of fund managers and analysts from Kuala Lumpur have turned up in Jinjiang to see the plant and meet Wu in person.
Even as Wu allocates time for IR, he is not distracted from his vision of growing the company. Currently, he is driving the construction of a cluster of factory buildings costing RMB260 million (RM129.9 million), which are located in an industrial zone not far from the company’s existing complex of factories. “We’re building one storey every 15 days,” he says, referring to the first building under construction at the site.
Xingquan announced a pretax profit of RMB49.7 million in its first quarter ended Sept 30, 2009, an increase of 37.7% y-o-y. Wu is working towards a five-year plan of high growth through an expansion of plant capacity, distributing its branded shoes and apparel through a larger number of dealer-operated stores and achieving higher average selling prices (ASP).
Since its initial public offering at RM1.71 a share, its share price has dropped to RM1.15 at the time of writing. Wu and his family own a stake of 58% which they cannot sell under a moratorium of six months from the time of listing. The moratorium expired on Jan 10 but they have not sold a single share.
“We won’t sell at current levels, not at this price. We may even buy more,” says Wu, adding that none of the family’s shares were pledged for margin financing. The high level of shareholding by his family offers assurance that they have skin in the game.
They do not have a reason to sell their shares at current price levels. Xingquan traded at a low price-earnings ratio of 3.1 times the RMB219 million or earnings per share of 36.8 sen for the year ending June 30, 2010, as estimated by CIMB Investment Bank. CIMB forecasts in a research note that Xingquan’s earnings could expand further by 48% in FY2011.
Wu says the new manufacturing complex will be completed in December, with shoe production to start in February 2011.
The new plant will increase Xingquan’s capacity to 10 million shoes and 28 million soles a year, from the present six million shoes and 18 million soles. It produces more soles than shoes because it also makes soles for other shoemakers.
Wu points out that Xingquan, which makes shoes principally under its own “Addnice” brand, has managed to increase its ex-factory ASP of shoes every year. “That’s because we keep improving our designs and quality,” he says.
The ASP increased from RMB69 in FY2006 to RMB71 in FY2007, RMB76 in FY2008 and RMB82 in FY2009, according to the company’s annual report. “It’s RMB95 now,” he says.
The ASP could rise much higher if Xingquan’s current plans to emphasise its leather casual shoes succeed in the market. These leather shoes are akin in design and function to Timberland shoes. The payoff is potentially huge as Xingquan’s ASP for this range of shoes is RMB180, twice the company-wide average.
Presently, most of Xingquan’s shoes are made of a mixture of some rubber and mainly ethylene vinyl acetate or EVA, one of the most popular materials for running shoes.
The company’s IR has won support from institutional investors. Lembaga Tabung Haji (LTH) became a substantial shareholder on Jan 14 when its latest purchase raised its shareholding in Xingquan to 15.9 million shares, a stake of 5.2%. LTH bought an additional 738,000 shares between Jan 18 and 20.
This article appeared in Corporate page, The Edge Malaysia, Issue 791, Feb 1-7, 2010
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Kucing
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« Reply #14 on: March 12, 2010, 06:00:37 PM » |
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Max
Regular Member
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« Reply #15 on: March 12, 2010, 06:06:51 PM » |
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The company’s IR has won support from institutional investors. Lembaga Tabung Haji (LTH) became a substantial shareholder on Jan 14 when its latest purchase raised its shareholding in Xingquan to 15.9 million shares, a stake of 5.2%. LTH bought an additional 738,000 shares between Jan 18 and 20.
This article appeared in Corporate page, The Edge Malaysia, Issue 791, Feb 1-7, 2010
When LTH starts to buy, it means beginning of a doom. LTH has a very good record of bad investment or screw up the company they invest in. |
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chong
Junior Member
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« Reply #16 on: March 12, 2010, 10:29:21 PM » |
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news? pohkong (5080) will merge with tomei (7230) in mei 2010?
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followme
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« Reply #17 on: March 13, 2010, 12:29:29 AM » |
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LTH can screw up company .. yes, I agree.. when the company is local..
Now, the company is in China... And they are very well managed.
On the other hand, the have only small % in the company.
I am seeing XinQuan will be 1 major player in China.
China is the greatest place for sales 10% of the market share
is enough to bring Xinquan to RM3.
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« Reply #18 on: March 19, 2010, 03:50:20 PM » |
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XinQUan Director Did what he promised
EPS 9 cents on the quarter he declared 2.5 T.E = 36%
According to Last year Earning of EPS 36.58 We are
expecting 13.168 Dividend from XInQuan everyear.
XinQUan stood at RM1.14 now! ? What?
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Investor88
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« Reply #19 on: March 19, 2010, 03:56:02 PM » |
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Uncle, I know how you feel.
In Malaysia stockwont move without syndicte.
But syncidate want to push price also have to
curi curi... coz scared get caught..
only the BIgBIg company such as the C Bank only
got licenced to be manipulated.... If during the
manupulation kena thro down.. syndicate kena burn?
Dont worry.. government will come out with a fund to
buy back from them with highr price.....
Where else.. the small syndicate manipulate...
if lose noone care they die themselves.. if win,
news coming out!!! mon .. catch them catch them!!!
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Dolphin71
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« Reply #20 on: March 19, 2010, 03:56:57 PM » |
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The 2.5 cents is for 1-H, which is 2.5/15 = 16.67%. As you said, Mr. Wu did keep his promise which he said Xinquan will distribute the dividend within 10 ~ 20% range from the profit earning.
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Want to enjoy good quality of fresh air everyday? Spend less fuel first...
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stockraider
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« Reply #21 on: March 19, 2010, 04:02:27 PM » |
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Xinguan, XDL and Msports are under same category
Xinguan half year EPS Rm 0.16, dividend payout is 16% (not 36% !)
These 3 companies are net cash, low PE and below IPO price
They will go up and down together.
Area of concern is ; Xinguan hold too much cash compare to its assets put into making shoes !
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followme
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« Reply #22 on: March 19, 2010, 04:07:42 PM » |
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Yeah , its my mistake ..15 cents!
When someone is sOOo angry you will
get out of your mind..... Feeling Like
Killin someone... Stupid Stupid!!!!!!!
If everyday Like this My blood dont get blockage
Sure healthy one..... SOoo hot!
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Dolphin71
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« Reply #23 on: March 19, 2010, 04:17:27 PM » |
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Be cool... Hope you will not get mad like the "Kucing"..haha. |
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Kucing
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« Reply #24 on: March 19, 2010, 06:08:27 PM » |
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The Bursa Malaysia Forum
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« Reply #24 on: March 19, 2010, 06:08:27 PM » |
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stockraider
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« Reply #25 on: March 19, 2010, 06:10:34 PM » |
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Kucing,
How about talk tilik ? (Raider)
How about talk financial sense ? (Raider)
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Kucing
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« Reply #26 on: March 19, 2010, 06:14:51 PM » |
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Ethan
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« Reply #27 on: March 19, 2010, 06:26:17 PM » |
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theres 1000 plus counter in bursa, pick another good want. |
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Kucing
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« Reply #28 on: March 22, 2010, 04:46:22 PM » |
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Wonder
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« Reply #29 on: March 22, 2010, 04:48:14 PM » |
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hahax, agree with the star part, but i believe if they are geniune couter investor will reap their fruit one day  |
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Solventssw
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« Reply #30 on: March 22, 2010, 05:09:27 PM » |
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The CEO just bought 20,000 units and hold 20,000 unit directly. Indirectly hold nothing?  Others hold by his brother in law. Anyone study their shareholding can advise on their shareholding? |
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Dolphin71
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« Reply #31 on: March 22, 2010, 07:05:09 PM » |
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Factory building in progress... http://www.xingquan-international.com/factory.html |
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followme
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« Reply #32 on: March 24, 2010, 04:53:11 PM » |
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Cheers~!
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Dolphin71
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« Reply #33 on: March 24, 2010, 04:55:18 PM » |
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Cheers~!
Cheers, Followme. |
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Kucing
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« Reply #34 on: March 24, 2010, 04:56:41 PM » |
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followme
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« Reply #35 on: March 24, 2010, 05:03:38 PM » |
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Kucing,
Your turn will come..... COz There will be a new Shoe counter coming...
K-Star Sport!
Maybe K Stands For Kucing star Sport.
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Kucing
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« Reply #36 on: March 24, 2010, 05:05:09 PM » |
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followme
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« Reply #37 on: March 25, 2010, 06:06:11 PM » |
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http://xingquan.listedcompany.com/misc/rr/cimb20100301.pdf <======== Read it.
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followme
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« Reply #38 on: March 25, 2010, 06:11:55 PM » |
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http://xingquan.listedcompany.com/misc/rr/jf20090301.pdf <====== read this
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« Reply #39 on: March 25, 2010, 06:15:42 PM » |
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Duck Chiken GOat Cow
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« Last Edit: March 25, 2010, 06:17:42 PM by followme »
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alext
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« Reply #40 on: March 25, 2010, 09:57:11 PM » |
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i remember CIMB had a target price of RM3.++ for this counter
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Zenng
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« Reply #41 on: March 26, 2010, 10:59:03 AM » |
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Uncle uncle .....
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« Last Edit: April 02, 2010, 06:45:46 PM by stkmrktmonster »
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« Reply #42 on: March 26, 2010, 11:00:42 AM » |
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This is XinQuan
The King Of Unpredictable.
It will come Higher than RM1.34
Defintely!
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Zenng
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« Reply #43 on: March 26, 2010, 11:01:51 AM » |
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.......UNCLE2
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« Last Edit: April 02, 2010, 06:44:40 PM by stkmrktmonster »
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Changbl
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« Reply #44 on: March 26, 2010, 11:04:05 AM » |
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This is XinQuan
The King Of Unpredictable.
It will come Higher than RM1.34
Defintely!
The way i look at red chips counter is sell on strength even if fundamentals is intact |
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« Reply #45 on: March 26, 2010, 11:04:50 AM » |
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Do Not play contra on XinQuan. Very Dangerous one.
Because this Syndicate is rich.
THey pick up all shares to wait for contra players force sell.
If you got money to hold.
Buy more to Average .
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Zenng
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« Reply #46 on: March 26, 2010, 11:05:49 AM » |
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toO
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« Last Edit: April 02, 2010, 06:45:09 PM by stkmrktmonster »
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domperrier
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« Reply #47 on: March 26, 2010, 11:20:31 AM » |
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Planning to .... oredi holding at 114, 117 and 128! TQ
Already let go yesterday @ average price of $1.312 (very lucky 6th sense told me to sell) since being STUCK with it @ 1.22 since Jan4th. Now I shift the funds into Tebrau |
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Changbl
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« Reply #48 on: March 26, 2010, 11:22:14 AM » |
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Already let go yesterday @ average price of $1.312 (very lucky 6th sense told me to sell) since being STUCK with it @ 1.22 since Jan4th. Now I shift the funds into Tebrau Very good move especially red chips company, lucky you made a smart move otherwise end up like kucing ...................................... .................muahahahahahahahahahah ahahaa |
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domperrier
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« Reply #49 on: March 26, 2010, 12:47:21 PM » |
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Very good move especially red chips company, lucky you made a smart move otherwise end up like kucing ...................................... .................muahahahahahahahahahah ahahaa It's true...I'm not comfortable holding red-chip companies... Now only have 5.4 lots of MSports as my only red-chip investment at 49c. T + 3 next Tuesday Disposed of XDL contra @ 39.5 today(using the same 6th sense) for a tiny profit... |
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