Reading the AGM reports by NextInsight, I get the strong feeling that the Chinese management of many S-chips are not out to cheat SG investors, divert the cash to their personal accounts, fake the accounts, etc.
Many SG investors don't appreciate that a small % of rotten eggs doesn't mean 100% of the eggs are bad.
There is severe downside for management if & when they are caught. They know it -- there has been a lot of publicity already of cases where the stock is suspended for a long time, the share value plunges. The most important downside of all, is the loss of job and loss of face of the chairman, CEO, CFO, etc. This is the greatest punishment which no one in his right mind would want to be hit by.
I agree with Yang that there is a lot of value in some 'good' S-chips.
Almost everyone on the earth knows "Made in China".
Who knows that which big/huge comanies of China produce so many products?
The truth is that none of a so call huge company (like China mobile etc) produce "Made in China" product.
"Made in China" creates wealth for the world. It is the small companies like those listed in Singapore. It is very common that such companies have high margin and flexible management team. They need to survive.
NextInsight
a hub for serious investors
