*Official* MasterLeong Thread

[MasterLeong]

Ml ur research reports from vickers issit dbs wealth dailies?

nope, just normal research reports lor

 

[lbs]

yup, round up 1 single bank share is sibei value liao

1 ocbc share can eat 2 macdonalds meal

nowadays macdonald meal where got so cheap!?

 

[MasterLeong]

nowadays macdonald meal where got so cheap!?

ocbc will go to $10 and u can hoot $5 meal X 2

 

[MasterLeong]

my ocbc scrip I always round up... jiak extra 1 share at least 5-6 times liao... next year will be my 5th year holding ocbc ^_^

 

[Weaboo]

nope, just normal research reports lor

knn, tink must sign up for vikers liao

 

[lbs]

when auditors resign...

while i am researching on some s-chips... something caught my eye
http://infopub.sgx.com/FileOpen/Change of auditor announcement.ashx?App=Announcement&FileID=426012

2 questions
1) Is it normal for auditors to leave like that?
2) and when they do, do they often reply with politically correct answers like
"Deloitte Singapore has confirmed that they are not aware of any matters or circumstances in connection with its resignation that need to be brought to the attention of the Shareholders.

The Board confirmed that there is no disagreement between Deloitte Singapore and the Company, and there are no matters in respect of the change of the auditor that need to be brought to the attention of the Shareholders."

?

 

[akwl88]

Tmr reits down?

 

[OngHuatHuat]

 

[Asphodeli]

while i am researching on some s-chips... something caught my eye
http://infopub.sgx.com/FileOpen/Change of auditor announcement.ashx?App=Announcement&FileID=426012

2 questions
1) Is it normal for auditors to leave like that?
2) and when they do, do they often reply with politically correct answers like
"Deloitte Singapore has confirmed that they are not aware of any matters or circumstances in connection with its resignation that need to be brought to the attention of the Shareholders.

The Board confirmed that there is no disagreement between Deloitte Singapore and the Company, and there are no matters in respect of the change of the auditor that need to be brought to the attention of the Shareholders."

?

ya it's normal, usual practice is rotate auditor every 5 years

 

[MasterLeong]

while i am researching on some s-chips... something caught my eye
http://infopub.sgx.com/FileOpen/Change of auditor announcement.ashx?App=Announcement&FileID=426012

2 questions
1) Is it normal for auditors to leave like that?
2) and when they do, do they often reply with politically correct answers like
"Deloitte Singapore has confirmed that they are not aware of any matters or circumstances in connection with its resignation that need to be brought to the attention of the Shareholders.

The Board confirmed that there is no disagreement between Deloitte Singapore and the Company, and there are no matters in respect of the change of the auditor that need to be brought to the attention of the Shareholders."

?

usually every few years change auditor is fine... keep using same auditor then worrying

but if this one is havent complete full financial year already run away, then maybe is a red flag

 

[lbs]

very unusual company
PE less than 1 ...
non-executive chairman is overwhelming shareholder
...
time for bed. will check again some other time.

 

[Takodoro]

ya it's normal, usual practice is rotate auditor every 5 years

Sgx rules if never change from my time stipulate need to change auditor every 5 year. But it can still be the same audit firm, just different audit partner.

So usually two partner will rotate every five year, of course subject to board approval and shareholder approval on a yearly basis etc.

Of course you can change every year if you like but that will send the wrong signal to investor.

Big 4 brand name is still quite reputable.

 

[MasterLeong]

very unusual company
PE less than 1 ...
non-executive chairman is overwhelming shareholder
...
time for bed. will check again some other time.

many S chips were trading insanely cheap before they were discovered as frauds

net cash more than market cap lol

 

[lbs]

So how can cash be wrong

 

[MasterLeong]

So how can cash be wrong

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

 

[lewissac]

knn, tink must sign up for vikers liao

Just signed up DBS VIckers online. Fast and furious

OCBC and UOB wise, die die they wan us to go to their financial centres. Zzzz... normal working hours and I only off-work 6pm nia.

 

[Average]

Just signed up DBS VIckers online. Fast and furious

OCBC and UOB wise, die die they wan us to go to their financial centres. Zzzz... normal working hours and I only off-work 6pm nia.

ocbc can use ibanking to apply. just mail in nric and cdp application (if u have no cdp).

Sent from 穷小子 using GAGT

 

[lewissac]

ocbc can use ibanking to apply. just mail in nric and cdp application (if u have no cdp).

Sent from 穷小子 using GAGT

I see. Will do it later. Cuz the iOCBC webpage didn't offer sign-up online via ibanking. Only say bring documents and NRIC and head to their financial centre.

 

[Weaboo]

if go hq do it physically can choose broker?

 

[MasterLeong]

if go hq do it physically can choose broker?

u think u picking cheekon ah lol