Saturday, April 9, 2011

S-chips China Fashion, Jiutian Chemical and Reyphon on spotlight.... Another Gaoxian??

This a mail from my broker that issues warning on 3 China Counters...
It is always better to be safe than sorry for capital preservation. Attached the charts for the 3 counters. It is not very impressive as trading has been sporadic, with little or no volume. Given the low liquidity, price movement can be highly volatile due to news and price manipulation by big players. Look at the frequent price gap in these counters... Don't get caught without a stop loss in place!!!


Auditors warns on another 3 S-Chips S-Chips China Fashion Holdings (CFH SP; S$0.075; Not Rated) and Jiutian Chemical (JIUC SP; S$0.05: Not Rated) auditors warned that their current liabilities exceed current assets, suggesting going concern issues. China Fashion is in negative equity position while Jiutians 2010 loss was widened from Rmb 126m to Rmb 160m due to more impairment losses needed for its property plant and equipment. Auditors of Reyphon (REY SP, S$0.115, Not Rated) have also qualified their opinion on the company.










































 
  









































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