*Official* MasterLeong Thread

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MasterLeong

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btw, since I use iBank to sign up for Vickers, will they send me research report uh? How to know who is my broker?

You have to email them ba
Tell them u want daily research reports
You should be under the online trading department
No broker assigned to u
 

MasterLeong

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After divestment of FCL and SCI
Will have warchest of close to 30k

To be used to by reits or telcos if they dip
 

lbs

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Statement put a lot of cash but all fake one

suggest u dig back in the past all the s chip sagas


china hong xin

errata

china gao xian

china paper

china fibre chem

i went to google but found a lot of reports with superficial details.
I am more interested in the auditor's role with these companies.
I thought the auditors, especially those reputable ones, would go and check if cash stated are in the bank?

China Fibrechem - auditors sounded off warnings in their opinion
China Paper - auditors give a clean opinion but the next year, it was gone. Google only reveal that it had a fire and records were burnt... can't find any other details.

Read reports of China Hongxing Sports... I can't find any annual reports but it appear to be another case where non-insiders has no chance to react.

I mean, what is up with cash holdings? Can't auditors check the banks? :s11:
 

Layers

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Layers

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i went to google but found a lot of reports with superficial details.
I am more interested in the auditor's role with these companies.
I thought the auditors, especially those reputable ones, would go and check if cash stated are in the bank?

China Fibrechem - auditors sounded off warnings in their opinion
China Paper - auditors give a clean opinion but the next year, it was gone. Google only reveal that it had a fire and records were burnt... can't find any other details.

Read reports of China Hongxing Sports... I can't find any annual reports but it appear to be another case where non-insiders has no chance to react.

I mean, what is up with cash holdings? Can't auditors check the banks? :s11:
I tot auditor only check the books/ acc? They need to check their assets validity?

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Asphodeli

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i went to google but found a lot of reports with superficial details.
I am more interested in the auditor's role with these companies.
I thought the auditors, especially those reputable ones, would go and check if cash stated are in the bank?

China Fibrechem - auditors sounded off warnings in their opinion
China Paper - auditors give a clean opinion but the next year, it was gone. Google only reveal that it had a fire and records were burnt... can't find any other details.

Read reports of China Hongxing Sports... I can't find any annual reports but it appear to be another case where non-insiders has no chance to react.

I mean, what is up with cash holdings? Can't auditors check the banks? :s11:
No offense dude but if you ask this sort of qn, you might as well don't invest in anything since you don't trust even the auditors...don't overanalyze things la...

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lbs

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No offense dude but if you ask this sort of qn, you might as well don't invest in anything since you don't trust even the auditors...don't overanalyze things la...

Sent from Sony E6533 using GAGT

I think it is better to ask questions than to stereotype companies from certain countries all together. The latter will be too easy.

i believe in the auditors of our country however i am curious about the process in which they check these assets. Cash assets are the least subjective of all assets isn't it?
 

MasterLeong

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i went to google but found a lot of reports with superficial details.
I am more interested in the auditor's role with these companies.
I thought the auditors, especially those reputable ones, would go and check if cash stated are in the bank?

China Fibrechem - auditors sounded off warnings in their opinion
China Paper - auditors give a clean opinion but the next year, it was gone. Google only reveal that it had a fire and records were burnt... can't find any other details.

Read reports of China Hongxing Sports... I can't find any annual reports but it appear to be another case where non-insiders has no chance to react.

I mean, what is up with cash holdings? Can't auditors check the banks? :s11:

money in china bank

statement put got 100 mil

but when company close down, they go check again, its 0 mil
 
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