Thursday, September 29, 2011

Man Shing Exceeds 2011 Fiscal Year End Guidance With $9 Million in Net Income or $0.21 EPS

HONG KONG--(Marketwire -09/28/11)- Man Shing Agricultural Holdings, Inc. (OTC.BB: MSAH.OB - News) (OTCQB: MSAH.OB - News) (" Man Shing" the "Company," "we," "us," or "our"), located in the Shandong Province and one of the largest Chinese exporters of high quality, fresh ginger to Japan, the United Kingdom, and the Netherlands, today announced the financial results for the fiscal year ending June 30, 2011. Net income for the 2011 fiscal year totaled $9 million, or basic earnings per share of $0.21, exceeding guidance of $8.8 million.
Financial Highlights for the Fiscal Year Ended June 30, 2011

  • Revenue increased 43.8% year-over-year to $32.3 million;
  • Gross profit increased 61.8% to $13.6 million; gross margin improved to 42.2%;
  • Net income increased 72.1% to $9 million;
  • Basic earnings per share of $0.21 based on 42.3 million weighted average shares outstanding;
  • Cash and cash equivalents totaled $7.1 million;
  • Working capital increased year-over-year by $13.3 million to $23.6 million.

Operational Highlights for the Fiscal Year Ended June 30, 2011

  • Successfully leased an additional 2.4 million square meters of farmland in March 2011, increasing total farmland by approximately 45% to 7.7 million square meters.
  • Focused on producing high quality ginger which provides several important advantages including a higher price point and increased customer confidence.
  • Appointed Mr. Xuguang Qiao and Mr. Kun Xu to the Board of Directors, each of whom have extensive experience in the agricultural industry.
  • Approximately 3.4 million preferred shares outstanding were canceled.

Mr. Shili Liu, Chairman and Chief Executive Officer of Man Shing, stated, "We are pleased that we generated $9 million in net income and exceed our guidance. Additionally, we successfully increased our land capacity by 45%, from 5.3 million to 7.7 million square meters, allowing us to significantly increase our production capacity for the current fiscal year. We completed planting on all 7.7 million square meters in April and will begin to harvest the ginger by October 2011. The uniqueness of our business model is apparent as we increase our land capacity and are able to continually implement our quality standards without incurring additional expenses. This enabled us to increase our gross margins year over year from 37.5% in fiscal 2010 to 42.2% in fiscal 2011. Our company is well capitalized and as of June 30, 2011, we had approximately $7.1 million in cash which will provide us with sufficient capital to fuel the future growth of the Company."
Financial results for the twelve months ended June 30, 2011
 

----------------------------------------------------------------------------
Year to Date Financials (USD) (unaudited)
----------------------------------------------------------------------------
Twelve months ended June 30,          2011            2010         CHANGE
----------------------------------------------------------------------------
Revenue                           $32.3 million   $22.4 million    +43.8%
----------------------------------------------------------------------------
Gross Profit                      $13.6 million   $8.4 million     +61.8%
----------------------------------------------------------------------------
Gross Profit Margin                   42.2%           37.5%        +12.5%
----------------------------------------------------------------------------
Net Income                         $9 million     $5.2 million     +72.1%
----------------------------------------------------------------------------
Basic EPS*                            $0.21           $0.18        +16.7%
----------------------------------------------------------------------------
Diluted EPS **                        $0.15           $0.07        +114.3%
----------------------------------------------------------------------------
* Based on 42.3 million and 28.8 million shares outstanding for fiscal 2011
and 2010, respectively.
** Based on 59.6 million and 72.3 million fully diluted shares outstanding
for fiscal 2011 and 2010, respectively.
----------------------------------------------------------------------------

Wednesday, September 28, 2011

An older article about some short sellers - The 'Shorts' Who Popped a China Bubble

SPECIAL REPORT - The 'Shorts' Who Popped a China Bubble

Tuesday, September 27, 2011

Monday, September 26, 2011

China Marine Group Provides Update on Seafood Snacks Business

China Marine Group Provides Update on Seafood Snacks Business



China Marine Food Grp. Limited Common Stock (AMEX:CMFO)
Intraday Stock Chart

Today : Monday 26 September 2011
Click Here for more China Marine Food Grp. Limited Common Stock Charts.

China Marine Food Group Limited (NYSE Amex: CMFO) ("China Marine" or the "Company"), a China-based manufacturer of Mingxiang(R) seafood-based snack foods, "Hi-Power" marine algae-based beverages, and distributor of frozen marine catch, today provided an update on its Mingxiang(R)-branded seafood snacks business. The Company reported sales in August of $4.6 million, an approximate 4.0% increase from $4.4 million in the previous month.
Beginning in the second quarter of 2011, sales of the Company's seafood snacks were negatively impacted by consumers' concerns stemming from the nuclear disaster in Japan and the safety of ocean-based products. China Marine has taken several actions to alleviate those concerns including increased advertising and more frequent communications with its distribution partners. Sales have stabilized since June, with month-over-month data showing positive sales trends and a return of consumer confidence in July and August.
The Company is also in discussions with prospective distributors in new and existing regions sales territories. Management is committed to expanding distribution to untapped cities and provinces as a long term goal.
"We are pleased to report our seafood snack food sales have steadily improved since June," stated Chairman and CEO, Mr. Pengfei Liu. "Because we source our fish from several local areas completely unaffected by the disaster in Japan, we remain confident in the long-term health of our business and anticipate a full recovery of sales momentum for Mingxiang(R)-branded seafood snack foods. I am also encouraged with the progress we have made with our seaweed extract 'Hi-Power' beverages. Through effective in-store promotions and multimedia advertising campaigns, more consumers are buying our healthy beverages."
About China Marine
China Marine Food Group Ltd. is a food and beverage manufacturer of Mingxiang(R) seafood-based snack foods and "Hi-Power" marine algae-based health drinks, and a wholesaler of frozen marine catch in five provinces in the PRC. Founded in 1994, China Marine has grown steadily and positioned its Mingxiang(R) brand as a category leader in 3,200 retail food sales points and 15,000 beverage sales points in China. The Company has received "The Famous Brand" and "Green Food" awards. Located in Fujian province, it is one of the largest coastal provinces in the PRC and a vital navigation hub between the East China Sea and the South China Sea. The Company is committed to the highest standard of quality control with the ISO9001, ISO14001, HACCP certification and EU export registration.

Friday, September 23, 2011

Thursday, September 15, 2011

Questions About Silvercorp. (NYSE: SVM, TSX: SVM CN)

An anonymous Whistle Blower send letters all over the place to manipulate the share price.





Published Research on ChinaStockWatch

Wednesday, September 14, 2011

China Security & Surveillance (CSR) Voted In Favor For Merger

Wednesday, September 14, 2011
Going Private News
SHENZHEN, China, September 14, 2011 /PRNewswire-Asia/ -- China Security & Surveillance Technology, Inc. ("CSST" or the "Company") (NYSE:CSR), a leading integrated surveillance and safety solutions provider in the P.R.C., today announced that, at the annual meeting of CSST stockholders held earlier today, the Company's stockholders voted, among other things, in favor of the proposal to adopt the previously announced Amended and Restated Agreement and Plan of Merger (the "Merger Agreement"), dated as of May 3, 2011, by and among Rightmark Holdings Limited, a British Virgin Islands company ("Parent"), Rightmark Merger Sub Limited, a Delaware corporation and a wholly owned, direct subsidiary of Parent ("Merger Sub"), the Company and Mr. Guoshen Tu (solely for the purpose of Section 6.15 of the Merger Agreement), pursuant to which Merger Sub will be merged with and into the Company with the Company surviving the merger as a wholly owned subsidiary of Parent. Approximately 84.98% of the Company's total outstanding shares of common stock voted in person or by proxy at today's annual meeting. Approximately 69.31% of the shares outstanding were voted in favor of the proposal to adopt the Merger Agreement. The proposal to adopt the Merger Agreement was also approved by approximately 59.91% of the shares of common stock outstanding held by unaffiliated stockholders, satisfying the "majority of the minority" voting requirement set forth in the Merger Agreement.

The parties currently expect to complete the merger in September 2011, subject to the satisfaction or waiver of the conditions set forth in the Merger Agreement. If completed, the proposed merger would result in the Company becoming a privately held company and its common stock would no longer be listed on the New York Stock Exchange.

For more on this subject read the article US-Listed China Stocks Vulnerable To MBO's

Hit Piece Lihua International Investors: Do You Believe In Miracles?

Article Seeking Alpha

Nowadays a lot of writers, analysts etc see so many ghosts and think that every US-listed China company is a fraud. Plain BS of course!

Longwei Petroleum Announces Financial Results for Fiscal 2011

Fiscal Year 2011 Financial Highlights: (Year-over-Year Results)

  • Revenues increased 40% to $481.6 million, compared with $343.2 million.
  • Operating Income increased 42% to $91.7 million, compared with $64.4 million.
  • Non-GAAP* Net Income Attributable to Common Shareholders increased 44% to $68.0 million, compared to $47.2 million.
  • Non-GAAP* Basic Earnings per Share ("EPS") increased to $0.69 per share and Diluted EPS to $0.67 per share, compared to $0.55 per share basic and $0.50 diluted EPS for the fiscal year ended June 30, 2010.
  • GAAP Net Income Attributable to Common Shareholders increased 52% to $62.5 million, compared with $41.1 million.
  • Basic Earnings per Share ("EPS") increased to $0.64 per share and Diluted EPS to $0.61 per share, compared to $0.48 per share basic and $0.43 diluted EPS for the fiscal year ended June 30, 2010.
  • The Company's Taiyuan and Gujiao fuel storage facilities contributed revenues of $269.7 million and $188.3 million, respectively. Agency fees contributed $23.5 million to revenues.
  • Stockholders' Equity increased $83.9 million to $261.7 million, compared with $177.8 million
Press Release

IBD-article on Short-selling websites

Short-selling websites are hardly disinterested parties, but may be providing a Darwinian service by weeding out “phony” Chinese firms seeking to dupe investors. China’s fast-growing economy has created many great opportunities for investors — and hucksters. With global accounting giants barred from directly auditing U.S.-listed Chinese firms, reliable financials are hard to find.

Into this void, short-seller sites such as Alfredlittle, Citron Research and Muddywaters have seized on alleged irregularities at several firms. They include China Media Express, Deer Consumer Products and Longtop Financial Technologies. The allegations have prompted SEC investigations, delistings (including Longtop) and trading halts involving more than a dozen China-based firms since March.

IBD recently conducted email interviews with the people behind these short-seller sites. An examination of their data and techniques hints that much of what they publish may be true. Yet it’s hard to verify research in China without boots on the ground.

How do short sites gather information in a nation thousands of miles from the U.S., and can you believe what they say?
Alfredlittle.com says it uses local analysts. They are said to comb public documents in Chinese. They also pose as customers and carry out video surveillance. And they compare SEC filings with data on file at China’s equivalent to the SEC. “Very often what is reported to the U.S. exchanges is different to what is reported to local China bureaus,” alfredlittle.com editor Simon Moore said via email. Local probers are said to be paid on a per-project basis based on the work, difficulty or danger involved. They get bonuses if their findings hit home.

Deserved Profits?
Alfredlittle.com doesn’t hide the fact that researchers profit from their data, including short selling the companies probed. “The reports are the product of many people’s labor and they justly deserve to profit,” Moore said.

But short sites also have critics.
“They carpet-bomb the company with allegations all over the place,” said Mitchell Nussbaum, chair of New York law firm Loeb & Loeb’s emerging-markets practice, which represents Chinese firms in the U.S. Nussbaum says if some claims haven’t been disproven it’s because SEC findings or independent probes are pending. Alfred Little, via email, defended his work: “No allegations made on the site have ever been disproven by the companies targeted.”

Little advised against investing in Chinese firms with more than one or two of 12 warning signs in a list published on blogger site seekingalpha.com. They include:
  • Reverse mergers with high short interest.  
  • Unnecessary dilutive share issuances when the company has excess cash or production capacity.  
  • Amazing revenue and earnings growth relative to peers.  
  • Weak balance sheets with large receivables vs. sales and unwillingness to disclose customer, distributor or supplier details.  
  • Weak governance indicated by high CFO and auditor turnover and lack of involvement of truly independent directors.
 On the flip side, Alfred Little’s identity is shrouded in mystery. Some say Little is a pseudonym or that his findings represent the work of a group. Little communicated with IBD via emails or representatives.
Muddy Waters founder Carson Block uses investigative techniques similar to Alfredlittle.com.
“Start with an understanding of the movement of the target company’s product or service through the supply chain,” said Block, who appears on CNBC.
Block says shady Chinese companies often create phony suppliers or customers because they know these “counterparties” aren’t going to be audited.
Case in point: Muddy Waters in February alleged that China Media Express, which sells ads in Chinese buses, had less than half the buses it said were in its network. China Media denied it. But its shares tanked, its U.S. auditor quit and Nasdaq delisted it in May.

Sunday, September 11, 2011

Locavesting, the Revolution in local investing and how to profit from it

My bookreview about
Locavesting, the Revolution in local investing and how to profit from it



The book Locavesting is an interesting book about alternative ways of investing. The traditional funding sources for small businesses - savings, friends and family, venture capital, and bank credit and loans - have become scarce since the financial crisis.

Today a lot of people, are buying local and eating local, but we are still not investing local. Financial markets have evolved to serve big business (corporates), at least it seems when you look to the numbers. Of all the trillions of dollars flashing through the financial markets, less than 1% goes to productive use. Meaning poviding capital to companies that will use it to hire, expand or develop new products. More than 99% of the money is sucked into trading and speculation.

Small businesses create three out of four jobs and generate half of GDP, but each year a staggering amount of subsidies, grants and tax breaks go to the most profitable and politically connected corporations with little economic or social pay off. In our 21st century financial system we can conclude that there is a massive misallocation of capital away from its most productive uses.

The book Locainvesting offers and explains new ways of investing from crowdfunding to direct public offering (DPO). Did you hear about the story of Cops&Doughnuts, nine cops in Michigan that saved a 111-year old bakery. Just read the book and act accordingly!

Another book that I didn't read but could be interesting is

Friday, September 9, 2011

Buying 5 Stocks That Are Consumer Trending And Will Profit From China

Article Seeking Alpha

Lihua International Price Target $ 20

Research Report Global Hunter Securities

TechFaith Launching Android Based Motion Gaming Solutions

Press Release

China to help firms investing abroad

By Ding Qingfen (China Daily)

XIAMEN, Fujian - Chinese firms need a more "open and convenient" global investment climate and the government will introduce measures to help companies invest internationally, the country's top commerce official said on Thursday.

The government will launch more measures to aid companies investing overseas and create a win-win situation for both China and other countries, Minister of Commerce Chen Deming said at the International Investment Forum 2011 in Xiamen, Fujian province.

The forum is part of the five-day 15th China International Fair for Investment & Trade that started on Wednesday.

"Some developed nations have tried to block Chinese investment citing national security," Chen said. "This does not help efforts to combat the global financial crisis."

One prime example of this involved China's leading telecom provider, Huawei. The company was blocked from a series of overseas deals, in 2008 and 2010, amid concerns in the US over national security.

Despite obstacles, China overtook Japan and the United Kingdom in 2010 as the fifth-largest overseas investor.

"China's outbound direct investment (ODI) has created huge benefits for both China and other nations," Chen said.

By the end of 2010, China's total ODI was $317.2 billion, the 17th largest, with investments in 178 nations and regions.

Even with political challenges, there are growing opportunities for Chinese companies to invest overseas, officials and experts believe.

Foreign officials attending the fair said that they welcomed Chinese investment.

"China has become the largest development partner and an important investor in Sri Lanka, especially in infrastructure projects," D.M. Jayaratne, Sri Lankan prime minister, said.

"There are plenty of opportunities and areas that we can exploit for our mutual benefit.

"Sri Lanka offers a wide variety of investment opportunities and incentives to foreign companies."

By the end of 2010, the Asia-Pacific region and Latin America were the top two destinations for China's ODI. But the EU and Oceania witnessed the most rapid growth in recent years.

Fonotoe Nuafesili Pierre Lauofo, Samoa's deputy prime minister and minister for commerce, industry and labor, said that "Samoa continues to enjoy a cooperative arrangement with China and is keen on strengthening trade and investment relations".

Officials from the commerce ministry predicted that China's ODI will exceed foreign direct investment (FDI) in three years.

"We will provide more effective support in terms of policy and service to Chinese companies," Chen said.

China is studying and exploring new ways to broaden the use of its foreign exchange reserves, and looking at channels and methods to expand cross-border yuan flows.

"Although China is facing new challenges, including higher labor costs, China's foreign investment environment will continue to remain competitive in the long term thanks to good infrastructure and labor resources," Chen said.

FDI expanded to $114.7 billion in 2010 from $46.9 billion in 2001, and China has opened its manufacturing sectors and more than 100 service sectors since 2001.

Attracting FDI was cited as a priority in the 12th Five-Year Plan (2011-2015).

"We will further improve the investment environment to provide equal treatment for companies at home and abroad, and come up with innovative ways of attracting FDI and widening the area for FDI," Chen said.

Coca-Cola announced in August that it will expand its investment, worth $4 billion, in China over the next three years on top of the $3 billion investment announced in 2009.

"New factors are boosting the competitiveness of China's investment climate, including world-class clusters of industry in coastal regions, a talented and educated workforce and the government's steps to protect intellectual property rights," said Hisao Sakuta, chairman of Omron, a leading electronics manufacturer.

"China is well on track to transforming itself into the world's quality manufacturing powerhouse from a low-cost processing and assembling base."

Thursday, September 8, 2011

SEC files enforcement action against Deloitte in China

Enforcement Action


Securities and Exchange Commission

SEC Files Subpoena Enforcement Action Against Deloitte & Touche in Shanghai

You are subscribed to Press Releases from the Securities Exchange Commission. A new press release is now available.

The Securities and Exchange Commission today filed a subpoena enforcement action against Deloitte Touche Tohmatsu CPA Ltd. for failing to produce documents related to the SEC’s investigation into possible fraud by the Shanghai-based public accounting firm’s longtime client Longtop Financial Technologies Limited.

Wednesday, September 7, 2011

Harbin Electric Refutes Latest Anonymous Blog Post and Unfounded Market Rumors

Press Release

When land use rights issues are common practice in China, why short sellers fight against it?

Just let it GO, you can't change a culture!

Chinese Government Officials Confirm HRBN and DEER Committed Multi-Million Dollar Land Fraud -- Time for U.S. Regulators to Act

Article short seller Alfred Little

Tuesday, September 6, 2011

The Era of Uncertainty: Global Investment Strategies for Inflation, Deflation, and the Middle Ground



From the Inside Flap
The economic crisis has placed the business cycle back in the spotlight, but as individual investors and financial professionals start the arduous task of portfolio building and rebuilding, the greatest danger they face is relying too much on the past for guidance when the future may look very different.

No one can say for certain what our economic future will look like. What investors can do is prepare. The Era of Uncertainty provides a new way of thinking about investing in a dynamic, macro-driven world, examining the importance of macroeconomic perspectives in a global economy rife with instability. This book presents a framework for using big-picture investment strategies to profit from the interwoven inflationary and deflationary scenarios likely to evolve in the coming years.

Written by FranÇois Trahan, former Chief Investment Strategist of Bear Stearns and one of the first strategists to warn about the housing bubble before it burst, and Katherine Krantz of Miracle Mile Advisors, The Era of Uncertainty addresses the likely causes and consequences of each possible scenario, offering investment strategies to profit from each potential outcome. Drawing on experiences derived from previous credit-driven deleveraging cycles and containing insights into the financial future, the book marks an important step for macroeconomics in the post-recession financial world.

A practical resource for anyone who intends to succeed in today's environment, The Era of Uncertainty shows what it will take to make it in such a dramatically altered market, and how to incorporate macro strategies into everyday investment endeavors in order to achieve lasting success, no matter what lies ahead.

Coca-Cola to spur per capita sales in China

Article China Daily

Saturday, September 3, 2011

A New Way Of Investing, Appbackr is the App Marketplace for Investors

Tired of losing money on the Stock Exchange,  try a shot at Appbackr

Do you want to be an angel investor or venture capitalist in interesting applications for iPhone or  Android operation systems, try


Appbackr was launched in October 2010. appbackr is a wholesale marketplace for applications. App developers find investors (backrs, wholesale buyers) to fund applications and drive sales.
Of cours the return on the investor’s investment depends on whether or not the app sells well. This sounds risky for the investor, but if you screen on the success rate of the developer, social media impact of the developer (followers, etc.) and some other metrics you have a great chance of success that the app you are funding is not a one trick pony. Also the fact that you can promote yourself the app you are backing by several ways makes it a worthly investment.

appbackr is a wholesale marketplace designed to help developers and app investors (called backrs) by enabling them to connect and transact with one another. The investor (backr) purchases a quantity of apps at a wholesale price, and gets the difference when the app sells in the story. Basically you make money on the spread between the wholesale and retail price.

It’s essentially a three step process:
  1. Developer posts their app in the marketplace. The wholesale price is based upon the retail price and whether the product already exists today or is in development. The developer is not sellingproviding an ongoing right to sell copies of an app, only the right to promote the number of app instances purchased via the appbackr marketplace.
  2. A “backr” purchases instances of the app at a wholesale price, and then promotes them in whatever means they choose. At the moment of initial wholesale purchase the developer receives a cut of the purchase price immediately.
  3. As apps are sold, the backr earns the bulk of the profit, while the developer receives an additional payment per app as they sell. Backrs are credited with sales in one of two ways. If a developer chooses sequential payment, the first buyer of apps is credited with the first sales on the Apple or Android markets. When their quantity of apps is sold, the second buyer is credited with the next sales and so forth. The other payment method gives backrs a percentage of sales on the Apple and Android markets based upon the percentage of app instances that they purchased divided by the quantity purchased by all backrs.



Here’s the very clear video intro:


Developers who participate in appbackr must be a registered Apple and/or Android developer.
For the app developer, the marketplace provides immediate revenue to pay salaries and fund app improvements or additional apps. It also takes the “risk” of marketing activity out of the question for them. Because the people who make apps are generally NOT marketers, this risk reduction is a serious benefit.

Because a concept app may not have a set launch date if it's still in development, the potential return to the backr is much higher. Concept apps have a potential profit of 54% while backing a finished app that already is live and selling has a potential profit of 26%.

A nice way of diversification in an investment portfolio is this new alternative way of investing.