Thanks Peter for sharing the info. What are your thoughts on the stock price now?

China acts to boost loans, bolster flagging economy

http://www.reuters.com/article/2012/05/12/us-china-economy-rrr-idUSBRE84B06I20120512?feedType=RSS&feedName=topNews&rpc=71

http://roll.sohu.com/20120513/n343037866.shtml

股市：A股明日高开上扬无悬念

Good news. Within 20 mins, there are about 20M share transfered. It seems that someone bought at lower price and quite already. The price is almost not affected.

If this happened in one week ago, the price dropped 20%.

I will not quite unless 100% profit.

Cash per share is about S$0.15 (calculated using S$0.09/share). Mr. Su should promise to the share holder that each year, at least S0.01/share will be distributed to the share holder.

Share holders, please focus on asking cash of QM during conference call. Other things are not so important. They are expert of manufacturing, they will do their best. 

If cash is true, the stock price will increase to S$0.15/share shortly. Still not calculate their property and land. Property is not cheap in China. 

Base on it recent report, i believe this one will be play from now on. I jump on the wagon at 8.5

was q to buy at 8.3 but decide to chase.

i suggest you take a lok, no a call.

I hope by Tuesday, the sun will shine through, for all to enjoy your labour.

your investment will grow.

i think so, i believe so, i put faith in it.

have a stop, as there are no gurantee, otherwise i will not be here.

I amm on q to buy at 8.3 now.

i dont think it is over.

I amm on q to buy at 8.3 now.

i dont think it is over.

For business like QM, they produce parts of shoes for other companies. It is easy for them to keep profitable (at least make even).

For purely manufacturing, the cost is man power, China man power is still cheap.  If there is no order, then no need to get many workers. From the report, actually, the man power cost is not much.

For business with brand, they MUSt  keep spending money. Eg, they need to rent shops etc everywhere, they have consistence high cost.

I believe that China still will be the manufacturing place in the next 10 years for the world. There are many poor people and this will not be changed in the future.

The whole China development is based on the man power of the poor people. It is a shame. But is the truth.

Furthermore, olympic game will be a good reason for more business. Only in China, I think 80% of schools, universities will organize kinds of sport events in the next few months. I am quite confident that they will have much better result in the final year report. 

I was surprised this stock did a record 95m in one day last week. Do you think the BB have closed their position or still holding some? 

I am not vested. My 2 cts worth is that one can't just use FA on S-Chip as though it's a blue chip otherwise it's too easy, like a free lunch. The S-Chip is a diff. animal - I have learnt it the hard way.  Anyway, good luck. 

A stock is only good if it nake u money.

This one did, i sold at 8.7 bought 7.5, but it is a one nite stand.

hope BB come and play again.

by the way, what is the coy making, shoes???

Considering China economy is bad now, QM's report is good.

Following is the report of QM's competitor (YT) in China:

http://data.eastmoney.com/Notice/Notice_Detail.aspx?code=002517&id=bcc436cc-1c4d-e246-ddb5-580dc6d89ee1

http://quote.eastmoney.com/sz002517.html

http://www.finanznachrichten.de/pdf/20120509_212906_KT9_9DBF96329127F4C1482579F4002786E0.1.pdf

Number of share of QM is about 8 times of YT,

YT share price now is about $3.6 which is about 50 times of current QM price.

In the last few years, QM has more profit, revenue etc. than YT. It is not changed even now.

In short, after calculation, QM share price  needs to increase 50/8=6 times. Even divided by 2, the share price will increase 3 times in the next year.

Low ending product like shoes etc will always be manufactured in China. In the near future, there are no competitors from other countries.

9M profit = RMB 174 million. looks great!

But, actually 3Q = Rmb 14 million vs RMB73 m in the previous year. It's a 81% plunge.

Well, the man said:

Mr Su Qingyuan (苏清远), Executive Chairman and CEO of Qingmei, said, “Despite the challenging operating environment, we remain profitable in this quarter and for the nine months ended 31 March 2012. Even though we expect the market conditions to remain challenging, we believe that Qingmei is resilient and in a strong position to survive intensified competition and this period of industry consolidation.”

He continued, “For one, with our scale of operations, we are one of the largest and most cost efficient players in the market. Our balance sheet is robust as we have no borrowings, considerable cash resources and are backed by a net asset value of RMB 1.68 per share. The management team, myself included, remain firmly committed and are continuously analysing and reviewing the situation, and adjusting our tactics accordingly, to ensure that Qingmei is on the right growth track. Barring unforeseen circumstances, the Group is expected to remain profitable for FY2012.”

Hi greenrookie - You are unlucky to have sold one day early and I was lucky to buy yesterday. I don't think anybody expect the rebound today as they will be releasing their ugly 3Q report 9th May. Anyway, stop loss or cut loss are normal as we do not have deep pockets. I do it all the time, including switching stocks. Better to live to fight another day as the SGX will be always there. Hope you hit a winner soon.

I only care whether the stock I bought is good or not. The price is not the main issue. If it is good share at reasonable price, I am satisfied. 

No need to hurry to buy. Up fast and then down fast also. Small volume.

If the company has no serious problem, even 11 c also cheap.