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| Wah Shing |
(Post 1 of 922) 05/25/1999.14:34:00 |
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BT reported today that the company is "seeking mandates from its shareholders to buy back its shares and to undertake interested person transactions" The share closed at US$0.225 yesterday and currently trading at US$0.24, so is this a good buy? |
| (Post 2 of 922) 06/08/1999.15:43:00 |
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Good choice Chhee. Hope you make some money on this one. I will keep an eye for your recommendation next time around. |
| (Post 3 of 922) 06/08/1999.17:47:00 |
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Yup, bought some at 24cts. will wait for the meeting outcome (12 June) before deciding what to do with that. For yr info, the major shareholder has bought close to 600 lots since the announcement... |
| (Post 4 of 922) 06/08/1999.21:39:00 |
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There's rumour in market that this co has clinched contract to make toys for Star War. |
| (Post 5 of 922) 06/24/1999.18:27:00 |
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Could anyone tell me what is the IPO price of Wah shing? |
| (Post 6 of 922) 06/24/1999.18:53:00 |
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1996 : Public offer 95 mln shares of HK$0.50 each at US$0.37 each. Good business to be in though at 56cts, I feel that it is fully valued. But like any penny stock at the moment, valuation is not so important anymore ! |
| (Post 7 of 922) 08/19/1999.00:33:00 |
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not sure will the coy continue with share buy back after bonus issue? Wah Shing to issue 75.6 mln bonus shares Singapore, Aug 18 -- Diversified toy maker Wah Shing International Holdings Ltd has proposed a one-for five bonus issue, a company statement said on Wednesday. Wah Shing said in a statement that the Stock Exchange of Singapore had granted the company in-principle approval for the bonus issue of 75.6 million shares. Source: Reuters |
| (Post 8 of 922) 08/23/1999.16:43:00 |
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The 1 for 5 bonus issue - Does anyone know if it has been issued? I mean, besides finding it at the end of the month in my CDP summary, is there any other way of knowing immediately? Thks |
| (Post 9 of 922) 09/01/1999.20:41:00 |
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Just like to know how friends in this forum feel about this counter, bought some(0.405 and 0.385) for the issue of bonus. What is the potential? understand it makes big buck during the latest report. Regards |
| (Post 10 of 922) 09/17/1999.15:21:00 |
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Anybody knows when Wah Sheng bonus issue (1 for 5)will occur? NB: I am interested in this counter |
| (Post 11 of 922) 09/18/1999.13:35:00 |
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I know of some people talking to themselves. But I am not senile yet. In answer to my own question, an announcement has just been made to SES on the book closure. Congrats to members. WAH SHING INTERNATIONAL HOLDINGS LTD NOTICE OF BOOKS CLOSURE FOR BONUS ISSUE WAH SHING INTERNATIONAL HOLDINGS LIMITED(Incorporated in Bermuda with limited liability)NOTICE OF BOOKS CLOSURE FOR BONUS ISSUE CLOSURE OF REGISTERS FOR DETERMINING THE ENTITLEMENTS OF THE PROPOSED BONUS ISSUE OF 75,600,000 BONUS SHARES ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY FIVE (5) EXISTING SHARES HELD BY SHAREHOLDERS NOTICE IS HEREBY GIVEN THAT, the register of Members will be closed on 5 October 1999, during which period no share transfers will be registered. Registrable Transfers received by the Share Transfer Agent, Lim Associates (Pte) Ltd, 10 Collyer Quay, #19-08 Ocean Building, Singapore 049315, up to 5.00 p.m. on 4 October 1999 will be registered before entitlements to the Bonus Issue are determined.Shareholders (being depositors) whose securities accounts with The Central Depository (Pte) Limited ("CDP") are credited with shares in the capital of the Company as at 4 October 1999 will be entitled to the Bonus Issue.By Order of the Board Submitted by Yuen Kam Tim, Francis, Company Secretary on 18/09/1999 to the SES |
| (Post 12 of 922) 09/20/1999.19:46:00 |
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lion/warr, By the way warr, any chart reading on this counter Wah Shing?? If yes, what's your comment?? |
| (Post 13 of 922) 09/20/1999.23:00:00 |
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WahShing - Jonel, your Q is my command :-)  1. To simplify, RED = Resist line / BLUE = Support. 2. 30/50days ma stabled, while 9/18days wma attempted to make a surpass above the both former (causing all cramping together). 3. ROC(33days) started to rise back on the +ve edge. Base on the flattened 50days ma, upside (if there is) would be restricted about US$0.495 Nevertheless, downside wise, there should be strong support in the region between US$0.34 - US$0.36 Perhaps if u wish, remind me again 1-2 wks later as can't observe more confirmation from my simple TA chart. (but I believe, even if a sudden surge do occurs, there is a high chance it will make a pullback, and that is when u need to remind me). Rdgs |
| (Post 14 of 922) 09/20/1999.23:39:00 |
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warr, thank you vm for the chart and comment on Wah Shing. Today bot 10 x 0.42. Past few days looks quite promising. Appreciate your help! Adios!! |
| (Post 15 of 922) 09/23/1999.08:51:00 |
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Jonel, happens to came across again, this counter. And from the shareware that I downloaded, there shows crossings on Stochastic Indicator. There maybe temporary weaknesses. Rdgs  |
| (Post 16 of 922) 09/23/1999.12:52:00 |
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warr, thanks to you once again. Probably will pick up the script then. Great Help. Adios!! |
| (Post 17 of 922) 10/14/1999.17:20:00 |
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Anyone knows why the volume is so high today for wahshing? Seems to have some institutional selling or buying as there were big lots done. Thanks |
| (Post 18 of 922) 10/15/1999.09:01:00 |
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maybe the same case as Ipco.... maybe... juz maybe... me noticed it too... :) wanna punt?? hee.... ;p |
| (Post 19 of 922) 10/15/1999.09:42:00 |
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Volume in first 40 minutes of trading already over 1200+. Definitely someone is playing this. Look at the huge Buy volume. Charts trends don't indicate much. 10 day RSI is nowhere but moving upwards, MA gives no clues either. Worth speculating if you can take risk. I am going in. |
| (Post 20 of 922) 10/15/1999.11:10:00 |
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yap!! me entering as well... see how lah.. hee.. |
| (Post 21 of 922) 10/15/1999.14:44:00 |
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Hi, What price are you guys entering at? What is the suitable price to enter? 0.31 or lower? |
| (Post 22 of 922) 10/15/1999.15:09:00 |
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sigh... now itz 0.30/0.315... q-ed juz now at 0.315 while itz 0.325... guess i jumped in too early... anyway, wait n hope for the best loh.... ;p |
| (Post 23 of 922) 10/15/1999.15:56:00 |
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Went in for the first deal in the morning @0.335. Lost 2 cents so far. Not sure whether to hang on as there are mixed signals. 2 cents is acceptable drop when STI is down by >40pts. Volume is still high (4000+ at 1600), buy volume is still greater than sell volume. This imply that some big player is still buying (and laughing cos he is getting deals at low price). However, the volume, while still high, is lower than yesterday (7000+). End of buying by Player? Also, not sure how long down spell will last with DOW uncertain. Holding positions over the weekend is also risky. I think there is 50-50 risk. May average down my buying cost if it falls to .305. Afterall, the share had a previous high at .60 in Aug/Sep...., but it also had a previous low at .06 in Jan. Very difficult to call this. Anyone can help? Oldman, Fun$, Hkinvestor? Thanks |
| (Post 24 of 922) 10/29/1999.15:27:00 |
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Dear people holding this stock, How do you see this moving for the next month? I see strong support at 0.260 - 0.290. The share has been thus range bound (0.260 - 0.280) in the last week. Time to average down when it gets to 0.260 again? Or is it going up anytime? How? Siao & people who have got this stock. Care to share opinions? |
| (Post 25 of 922) 10/29/1999.16:46:00 |
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at this moment of posting, itz trading at 0.295/0.30... me q-ing at 0.30 to get rid of it... i dunno bout u, but i dun foresee any frying coming up in the near future... :( take care... |
| (Post 26 of 922) 10/29/1999.18:27:00 |
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Siao, I hope you had better luck than me getting rid of Wah Sing. I queued to sell at 0.305 and didn't get it... Too optimistic... ; ( Never mind, looking for the next chance. ; ) |
| (Post 27 of 922) 10/29/1999.23:25:00 |
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hi wormbunny, monday should be another good day... yah, it IS a good day.. i remember vividly the last or the last last run started on the 1st day on my exams!!! :) moreover, the dow juz had a strong opening of 140+ pts!! damn!! alwayz like this, never gimma chance to recoup my losses... :( |
| (Post 28 of 922) 11/02/1999.10:07:00 |
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Wah Sing Volume Surge today! Now 5th spot on the volume list. (5000+ from a daily average of about 700+). I think Disney in HK news have given it a boost, since it is the main Toy maker in HK and China. Already up by 3 cents (10%). I have good feeling about this stock!! ; ) (PS: I have 3 lots at 0.33). |
| (Post 29 of 922) 11/02/1999.10:36:00 |
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hi wormy, good for u... :) if u noticed, all the US$-quoted counters are flying... wonder y... i am still keeping track of my dad'z magnecom... :) lagi better... hee.... |
| (Post 30 of 922) 11/02/1999.17:13:00 |
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Another Crazy stock in a crazy day. Together with Parkway and TIB Wrt, this is another stock that I would struggle to explain. Volume today is a staggerring 140000+, reaching top 5 spot in volume!!! Compared with daily average of 700-800+ this represents a increase in trade of 20,000%!!!!! Yet, with all the volume, it rose only 0.005 to 0.32. Could this be due to Disney deal in HK? Afterall, WS is a toy maker in Southern China. Disney Deal could benefit their Factories. Or is there something I don't know about? Huge volume increase due to retail or organised money? I have no idea what is the market Float for this... someone enlighten me? This is puzzling. Was going to let go my 3 lots at 0.335, but withdrew when I noted the volume. Was I wrong to do that? Crazy stock lah... |
| (Post 31 of 922) 11/02/1999.18:34:00 |
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I think it was more a play with US denominated stocks. The fact that these command lower brokerage means better profits for the syndicates. I guess Roly and Wah Shing were further singled out because of the possible benefits from Disneyland. Shows that a lot of volume in our market is still driven by speculation.... |
| (Post 32 of 922) 11/02/1999.21:55:00 |
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Oldman, You are as observant as ever. The top 5 volume stocks today are all USD stocks. If this is really syndicate play, they should be trying to push price up. WS was as low as 0.285 just last week. Percentage wise, it has gone up ahead of the STI. Will the action end tommorow? We shall see tommorow how it goes. |
| (Post 33 of 922) 11/02/1999.23:12:00 |
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It may be useful to note that the major shrholder, SCI has been selling their shares since the counter went ex-bonus. They have sold about 6.1 million the last sale being reported on 22 Oct 99. My guess is that they are disposing their bonus shares in the open market to provide more liquidity. At the latest reported figure, they are still holding 74.11% . I have been watching this counter for some time now and it appears that someone is pushing the price up to sell. Overall , this counter is fundamentally a good stock. For the first half of this year , its eps is 16 HK cts. Second half is expected to be better due to the opening of a new factory which is expected to expand capacity by 20% and seasonal demand. At the current price, this stock would be trading at a PE of about 10x. Wah Shing also pays very good dividend. Together with stockists play and possible off loading by SCI may have prevented the stockists from pushing it up further. Invest in this stock with a medium term view. Anyone with other views to add? Btw , I am long on this stock. Cheers! |
| (Post 34 of 922) 12/09/1999.17:58:00 |
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May worth a second and closer look now that the price is attractive.....any views? Thanks! |
| (Post 35 of 922) 12/11/1999.12:03:00 |
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This is one of fundamental good stocks. From its interim result whose profit jumped 300%, you could see how well this company runs. The company has strategicaly moved its manufacuring business into mainland China, where they can find cheap labour and low priced materials, the lower production cost will yield good profit margin. As new millenium and Chrismas season is around corner, the demanding of toys and gifts are dramatic increasing. We expect the result of second half should be much better than the first half. So you will foresee the year end result is how good, which should be annouced within two months time. Therefore, invest your money on this shares now as it is still cheap(US$0.30), you will get satisfied return when annoucement comes. |
| (Post 36 of 922) 12/11/1999.12:09:00 |
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Wah Shing(Hong Kong) always gives shareholders very good divident, last year is 16%. Not like most local shares, the divident is minimum. |
| (Post 37 of 922) 12/12/1999.23:43:00 |
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Chinainvestor, thanks for your comments... |
| (Post 38 of 922) 01/26/2000.13:01:00 |
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Any news for wahshing??? Prospects? Info? Companies news??? Anyone has any comments??? |
| (Post 39 of 922) 01/28/2000.09:19:00 |
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Hello! I'm new here. Having been looking at WS. I think the results is going to be good and its should be announced soon. Any comments? |
| (Post 40 of 922) 01/29/2000.18:27:00 |
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Good Luck to investor of WahShing ! The Full Year earning is stunning. This laggard finally show some result by selling toys !!! Yes... TOYS !!! |
| (Post 41 of 922) 01/31/2000.06:59:00 |
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Yes !!! What's a great result. I have matching this guy since last year since it has a great result in mid-term and with great season selloff during 2H will definite give this stock a boast. You may want to take the recent weakness to accumulate before the FOMC news so as to ride with the great company news and CNY rally but do remember to invest within your ability. Happy Chinese New Year !!!! Have vested interest. My |
| (Post 42 of 922) 01/31/2000.13:30:00 |
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wahshing...how much is the dividends? and when is the end-date? thanks for replying. |
| (Post 43 of 922) 01/31/2000.13:57:00 |
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The final dividend for 1 lot is HK$135 or abt S$28. The dividend yield based on final dividend is more than 5%! |
| (Post 44 of 922) 01/31/2000.14:19:00 |
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The book closure date for the dividend is 15/2 |
| (Post 45 of 922) 01/31/2000.21:16:00 |
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Wahshing is in talks with its parent company to acquire an ecommz company Tandem Holdings and its subsidiaries to sell direct in the US market. They will be making further announcements on its details later. I believe this may just be the impetus for Wahshing to grow as its margins are thinning and costs increasing as reflected in its latest results. This company has shown itself to be well run and has a generous dividend payout policy. Has vested interests. |
| (Post 46 of 922) 01/31/2000.22:23:00 |
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Ahkc, maybe you can elaborate more on the business on Tandem. It sounds familar but cannot really recall... |
| (Post 47 of 922) 01/31/2000.22:33:00 |
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I got the answer from SGX: ---------------------------------- WAH SHING INTERNATIONAL HOLDINGS LTD THE PROPOSED ACQUISITION OF TANDEM HOLDINGS LIMITED AND ITS SUBSIDIARIES Further to the announcement of Wah Shing International Holdings Limited (the "Company") in respect of its final results for the year ended 31 December, 1999 on 29th January 2000, the Directors of the Company would like to announce that the Company is in discussion with its parent company for the acquisition (the "Acquisition") of Tandem Holdings Limited and its subsidiaries (the "Tandem Group"). The Tandem Group is engaged in sales and marketing of toy products and has developed a world-wide sales and marketing network. Creata International Limited ("Creata"), a reputable wholly-owned subsidiary of the Tandem Group, recently implemented e-commerce sales through its web-site for direct sale of its toy products in the US market. Creata is one of the winners of the 1999 consumer product design award of the Federation of Hong Kong Industries.The Directors believe that, with the support of the extensive global sales networks and strong technological expertise of Creata, the Company will be able to enter into the area of e-business and expand its sales and marketing operations through internet.The Company will make a further announcement on the details of the Acquisition as and when appropriate in accordance with the requirements of the Listing Manual of the Singapore Exchange Securities Trading Limited.By Order of the Board Submitted by Yeung Yee Har, Company Secretary on 31/01/2000 to the SGX |
| (Post 48 of 922) 02/01/2000.01:39:00 |
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WahShing - Slight brkout above downtrend line(1/2) on increase volume  - RSI showing positive penetration above downtrend trendline Buy on current price. (1st resist approx. $0.55) |
| (Post 49 of 922) 02/01/2000.03:33:00 |
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Wah Shing +9.5% on Strong Earnings Shares of Wah Shing International Holdings Ltd. (WSIH.SI) are higher Monday after the company reported a more than doubling in net earnings for 1999. Toy manufacturer Wah Shing announced over the weekend that its net profit rose 115% to HK$123 million for 1999 on a 17% rise in sales to HK$1.5 billion. In its earnings report, Wah Shing said that expects to remain profitable in the current year and that it is currently in discussions with its Hong Kong parent company, the South China group (H.SCD), in relation to the acquisition of an e-commerce company. |
| (Post 50 of 922) 02/02/2000.09:15:00 |
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hey ....i found the website for wahshing.... it's www.wahshing.com in other words, is wahshing also another .com company? if this is the case, then most likely it's going to attract foreign funds into wahshing....wat do u all think... And can anyone elaborate more on tandem corporation...thanks.... |
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