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Temasek scores again on Yurun

MightyMouse

Alfrescian
Loyal
Temasek bought into Yurun at HK23.88 in April 2010. See price below on current performance. Another home run?


http://in.reuters.com/article/2012/07/09/us-yurun-stocks-idINBRE86801K20120709

Shares of China Yurun Food Group Ltd (1068.HK) plunged more than 9 percent on Monday after the meat processor's founder resigned as chairman, the latest Chinese company to see a management reshuffle amid increasing economic uncertainty.

China's consumer-facing companies are grappling with an economic slowdown that has hit demand and resulted in a series of profit warnings and share price slides in recent months.

Yurun, which competes with Henan Shuanghui Investment & Development Co Ltd 000895.SZ, Tangrenshen Group Co Ltd 002567.SZ and New Hope Liuhe Co Ltd 000876.SZ, said over the weekend that founder Zhu Yicai had resigned because of personal commitments that required more of his attention.

The news came just days after the company dismissed as untrue "recent rumors alleging certain accounting misstatements". It did not specify the source of the allegations.

"The resignation suggests that the chairman himself does not have full confidence in the company, and that further dampened investors' confidence," said Alex Wong, a director at Ample Finance Group. "For Yurun, there is nothing much the company can do for the time being to fuel investor interest when its prospects still look very unclear."

The stock, which has dropped 36 percent so far this year, fell more than 9.6 percent to HK$6.38, the lowest since October 2008 and lagging a 1.4 percent drop in the benchmark Hang Seng Index .HSI.

"The resignation has added uncertainty over the longer term direction of the company," said Steven Leung, a director from UOB Kay Hian.

China Yurun Food said Zhu would become honorary chairman and a senior adviser. Chief Executive Yu Zhangli has been appointed as chairman, and Vice-President Li Shibao will replace Yu as chief executive.

The reshuffle comes just days after the country's best-known sportswear group, Li Ning Co Ltd (2331.HK), whose share price has halved in recent months, replaced its chief executive and said it would focus more on its business in China.
 

Capano2121

Alfrescian
Loyal
Very good strategy that the jinxes are adopting here!
1) Save dying companies from their ultimate fate & walk out of the deal as the saviour (Most likely sucker!!!)
2) Pay high exorbitant fees to help exiting shareholders with their financial problems!
3) Ensure that the shares plunge after their purchase & remind everyone that there is only one way for the performance & that is up!
 

halsey02

Alfrescian (Inf)
Asset
Neh mind lah. It's not her money but the peasant's!

Must invest all over the world to justify her $15m to $18m plunder per annum.

After taking money from the generous HC & her team, YoURUN!...what a nice name!, so was the others & the famous, "ABC, giam chye chaw lo ti" :biggrin:
 

Narong Wongwan

Alfrescian (Inf)
Asset
Can someone or some team be so suay all the time?
Consistently picking losers and mind you these are big losers.
Get paul the octopus or the parakeet to predict you also can get better returns/ strike rate.
Cannot help but wonder if something more sinister is at work.
 

laksaboy

Alfrescian (Inf)
Asset
Cannot help but wonder if something more sinister is at work.

Do not blame conspiracy on that which can be perfectly attributed to incompetence.

Most likely also a major case of bo-chup too: despite the losses, the books will remain closed, and we'll still keep our cushy jobs.
 

makapaaa

Alfrescian (Inf)
Asset
Two words to describe the Familee's siphoning of SGs' sweat and blood money into Temasick and GeeAyeSee -

DISGUSTING!
DESPICABLE!
 

makapaaa

Alfrescian (Inf)
Asset
China Yurun Food Group Ltd
1068.HK
HK$6.39
-0.69-9.75%
Data as of 07/09/2012​
chart_api.asp

1D | 5D | 3M | 6M | 1Y | 2Y | 5Y | MAX

Close
 

Narong Wongwan

Alfrescian (Inf)
Asset
Do not blame conspiracy on that which can be perfectly attributed to incompetence.

Most likely also a major case of bo-chup too: despite the losses, the books will remain closed, and we'll still keep our cushy jobs.

This is not just simple incompetence.
She got the reverse Midas touch....everything she touches turns to stone.
It's almost impossible to be so lousy.
A 3 year old throwing darts to pick the companies to invest will not get worse than this type of results.
Almost every company bought into ends up with negative impact news...and she ends up holding the lemon.
Cannot believe someone can have such a negative track record.
 
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Papsmearer

Alfrescian (InfP) - Comp
Generous Asset
Do not blame conspiracy on that which can be perfectly attributed to incompetence.

Most likely also a major case of bo-chup too: despite the losses, the books will remain closed, and we'll still keep our cushy jobs.

Its not incompetence, I can guarantee you that. Some of these Temasek people (other than the Lee appointed like Whore Jinx) are quite bright. Even Iswaran, who is the biggest balls licker around, is a sharp cookie. The way Temasek works is almost the opposite of the way Buffet works. Buffet does his homework thoroughly, he has a whole floor of analyst and number crunchers. He interviews the CEOs, CFOs, etc. than when he wants to target a company, he quietly buy shares until one day his holdings are so big that it triggers a mandatory offer for the rest of the company. Whore Jinx uses a broker system to buy companies. Even though Temasek has their own analyst, what would happen is a broker will approach them with an offer to buy a company. Usually, the broker is someone prominent and knows how to sweet talk Whore Jinx. The broker will show them the company books, of course, the books look very good, and whore jinx just ask the analyst to do due diligence. Whore Jinx buys the company and of course the problems surface later as in Thailand, Indonesia. etc. Frankly, many people are surprised at the shit companies they buy.

Why is whore jinx buying these companies? The brokers receive a large commission from the seller for getting rid of a peice of crap company to Temasek at an inflated price. I am sure she and other Temasek execs get a kickback from the broker too.
 
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laksaboy

Alfrescian (Inf)
Asset
Its not incompetence, I can guarantee you that. Some of these Temasek people (other than the Lee appointed like Whore Jinx) are quite bright. Even Iswaran, who is the biggest balls licker around, is a sharp cookie. The way Temasek works is almost the opposite of the way Buffet works. Buffet does his homework thoroughly, he has a whole floor of analyst and number crunchers. He interviews the CEOs, CFOs, etc. than when he wants to target a company, he quietly buy shares until one day his holdings are so big that it triggers a mandatory offer for the rest of the company. Whore Jinx uses a broker system to buy companies. Even though Temasek has their own analyst, what would happen is a broker will approach them with an offer to buy a company. Usually, the broker is someone prominent and knows how to sweet talk Whore Jinx. The broker will show them the company books, of course, the books look very good, and whore jinx just ask the analyst to do due diligence. Whore Jinx buys the company and of course the problems surface later as in Thailand, Indonesia. etc. Frankly, many people are surprised at the shit companies they buy.

Why is whore jinx buying these companies? The brokers receive a large commission from the seller for getting rid of a peice of crap company to Temasek at an inflated price. I am sure she and other Temasek execs get a kickback from the broker too.


That sounds like buying a football player without proper scouting or assessing the team's needs, and the club is talked into offering an expensive long-term contract after being sweet talked by the player's agent. The agent and the club all get paid for the deal, but the football player is found out to be a dud, a flop (can't score goals, can't pass or tackle, a card magnet, discipline problems, injury-prone). And this cycle continues.

Had Ho Ching not been the lawful wedded wife of you-know-who, she would be kicked out of her cushy job long ago.
 

Papsmearer

Alfrescian (InfP) - Comp
Generous Asset
That sounds like buying a football player without proper scouting or assessing the team's needs, and the club is talked into offering an expensive long-term contract after being sweet talked by the player's agent. The agent and the club all get paid for the deal, but the football player is found out to be a dud, a flop (can't score goals, can't pass or tackle, a card magnet, discipline problems, injury-prone). And this cycle continues.

Had Ho Ching not been the lawful wedded wife of you-know-who, she would be kicked out of her cushy job long ago.

Good analogy, accept that I would just add that in the end, the club sold him off to another club for less than half the transfer fee. Some of the players sold at bargain prices and big losses later became tpp scorers for their clubs under a new manager.
 

Narong Wongwan

Alfrescian (Inf)
Asset
Why is whore jinx buying these companies? The brokers receive a large commission from the seller for getting rid of a peice of crap company to Temasek at an inflated price. I am sure she and other Temasek execs get a kickback from the broker too.
this is what is suspicious.......even if you gamble casino with others money and no need to think also cannot be every hand lose.....so fucking suay meh?
 

halsey02

Alfrescian (Inf)
Asset
Its not incompetence, I can guarantee you that. Some of these Temasek people (other than the Lee appointed like Whore Jinx) are quite bright. Even Iswaran, who is the biggest balls licker around, is a sharp cookie. The way Temasek works is almost the opposite of the way Buffet works. Buffet does his homework thoroughly, he has a whole floor of analyst and number crunchers. He interviews the CEOs, CFOs, etc. than when he wants to target a company, he quietly buy shares until one day his holdings are so big that it triggers a mandatory offer for the rest of the company. Whore Jinx uses a broker system to buy companies. Even though Temasek has their own analyst, what would happen is a broker will approach them with an offer to buy a company. Usually, the broker is someone prominent and knows how to sweet talk Whore Jinx. The broker will show them the company books, of course, the books look very good, and whore jinx just ask the analyst to do due diligence. Whore Jinx buys the company and of course the problems surface later as in Thailand, Indonesia. etc. Frankly, many people are surprised at the shit companies they buy.

Why is whore jinx buying these companies? The brokers receive a large commission from the seller for getting rid of a peice of crap company to Temasek at an inflated price. I am sure she and other Temasek execs get a kickback from the broker too.

Yup!, they will travel to the broker's location, sign out from company's expense as business trips, talk 'business', hands get 'greased' in hard cash or deposit to some name account over there & come back smiling or someone will deliver cheques to the receptionist from an unknown entity, payment to the "org", and this will be credited to ENTERTAINMENT account if small or too large to some accounts, in which the 'books cooker' are paid for the jobs ( otherwise known as the accountant). This is known as management fees or consultancy fees...or whatever creative name they can come out with.

Everybody will come out roses...this is not CORRUPTION OK!
 

Merl Haggard

Alfrescian (Inf)
Asset
this is what is suspicious.......even if you gamble casino with others money and no need to think also cannot be every hand lose.....so fucking suay meh?



There is such a thing as win or lose neber mind, so long as deals made have kick-back can oredi.

Otherwise how to explain buying up an Aust childcare/school company for A$680m during one visit to Sydney, and six months later it went bankrupt.

Everybody in business in Melbourne, Brisbane, Adelaide and Sydney knew that the vendor was a conman except the fucking Whore!
 

Cruxx

Alfrescian
Loyal
That sounds like buying a football player without proper scouting or assessing the team's needs, and the club is talked into offering an expensive long-term contract after being sweet talked by the player's agent. The agent and the club all get paid for the deal, but the football player is found out to be a dud, a flop (can't score goals, can't pass or tackle, a card magnet, discipline problems, injury-prone). And this cycle continues.

Had Ho Ching not been the lawful wedded wife of you-know-who, she would be kicked out of her cushy job long ago.

Boss, is Sinkieland so bereft of talent that an engineer by training was the best person they could find to head an investment company that manages S$193 billion? :rolleyes:
 

halsey02

Alfrescian (Inf)
Asset
Boss, is Sinkieland so bereft of talent that an engineer by training was the best person they could find to head an investment company that manages S$193 billion? :rolleyes:

The toe bone is connected the the leg bone that is connected to_____!!!! you forgot the 'old sage' once mentioned that his daughter in law is one of the best...
 
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