【HDISPLY 交流专区】26/02/2008: H-DISPLAYS为什么大跌？

股友

原帖由 股友 于 28-2-2008 06:17 PM 发表
美吗？

StockSniper

八成是帐目有问题，不然大股东不会丢的那么凶。

colorwind

全年公司盈利才四百多万，每股盈利都不到两分。随便算这公司的股价怎样也不会去到五毛钱啦！！！

老散一名

原帖由 彩虹之幻影 于 29-2-2008 11:51 AM 发表

最底 0.26。

你的背影吸引了我老散和詩文人。
詩文人對你很有印相噢。

Mr.Business

有网友认为现在政府管得很紧，所以accounting firm可能不敢放水了，让帐目随便过关。这会不会是H-Displays大跌的原因？

H-Displays falls below IPO price
        
Published: 2008/02/29

SHARES of H-Displays (MSC) Bhd fell for the fourth-straight day yesterday, tumbling below its initial offer price of 40 sen a share.

The stock, which made its debut a year ago, has fallen a whopping 82 per cent in just four days. It closed at 29 sen yesterday in active trade.

The company, which makes liquid crystal-display (LCD) that are used in end-products like computers and refrigerators, has not been able to explain the stock plunge.

However, it told Bursa Malaysia that on February 26, US broker Merrill Lynch sold 312,500 shares. It still had 5.8 per cent after the sale.

On the same day, Shamsudin @ Samad Kassim, a director, sold 20,000 shares at RM1.46 apiece. This cut his stake by about 30 per cent to 50,000 shares, the company said in a statement to Bursa Malaysia.

Yesterday, H-Displays said it made an after tax profit of RM4.1 million for 2007, which is about half its forecast made during its initial public offering last year.

Still, it does not explain the stock's plunge this week. This is because it had warned this as far back as November, in its third quarter results.



"The company did not achieve the forecast profit due to the unexpected deferment of orders from two key customers that usually place their orders during the first half of the calendar year," it said in a statement to Bursa Malaysia yesterday.

H-Displays is mostly owned by Singaporeans.

As at 2005, the Americas, including the US, Canada and Brazil, contributed more than two-thirds to H-Displays' revenue. The original equipment and design manufacturer has clients across 23 nations.

http://www.btimes.com.my/Current_News/BTIMES/Saturday/Nation/hdis2.xml/Article/

Mr.Business

是这个原因？

03-03-2008: Global Trader impacts Bursa

by Jose Barrock & Tamimi Omar

KUALA LUMPUR: The fall from grace of UK-registered financial institution, Global Trader Europe Ltd, has had a far-reaching impact on certain Malaysian stocks and sparked off investigations of possible manipulation of these counters, sources said.

It is understood that at least nine companies on Bursa Malaysia have been adversely impacted by “forced selling” of stocks that are pledged to Global Trader in return for a leveraged line of credit.

The heavy selldown of these stocks is said to have caused the authorities to start investigation on possible manipulation. Towards this end, several brokers have been quizzed by the authorities.

“It is not known how many more companies have shares pledged with Global Trader, which had been actively dishing out lines of credit to Malaysian investors last year,” said a source.

Shareholders of the affected companies are said to have pledged their shares to Global Trader’s office in Bangkok. Following the liquidity crunch faced by its parent company in the UK, the administrators scrutinised the accounts of its clients, especially in its Bangkok branch. It sold the pledged shares and other assets of accounts that had a margin shortfall.

This in turn triggered a massive forced selling of the stocks that were pledged. Companies affected are said to have included H-Displays (MSC) Bhd, Ygl Convergence Bhd, My EG Services Bhd, Reliance Pacific Bhd, Aturmaju Resources Bhd, Liqua Health Corp Bhd, Cymao Holdings Bhd and Axis Incorporation Bhd.

All these stocks had seen heavy trading, and tumbled amidst the market volatility in the last few weeks.

The most noticeable casualty is H-Displays, a Mesdaq-listed company which saw some RM270 million of its market capitalisation wiped out in three days. Last Monday, the stock was trading at RM1.57 and had a market capitalisation of RM329.7 million. Last Friday, it closed at 29 sen, with a market capitalisation of RM60.9 million.

H-Displays shares hit limit down on Tuesday, losing 53 sen to close at RM1.04, and continued to tumble till Friday.

A check on H-Displays’ annual report shows that Hitech Ventures Pte Ltd, the controlling shareholder of H-Displays with some 51.2% equity, had pledged about 13 million of its 107.6 million shares.

It is understood that Merrill Lynch, which had been hired to assist Global Trader in its asset recovery process, had been involved with the sell order.

My EG Services meanwhile, tumbled some 22% over the past two weeks, shedding close to RM67 million in market capitalisation.

Yet another Mesdaq-listed company, Ygl Convergence lost 69% in market capitalisation through last week, after its price fell from 57 sen on Monday down to 17.5 sen last Friday.



Several brokers involved in the selldown were said to have been questioned by the authorities, with a view of getting a clearer picture of what went wrong.

“The authorities are investigating if the stocks have been manipulated. The selldown by Global Trader itself would not have caused a big impact on the shares. Obviously, others with some inside information have also sold their position in the companies, exacerbating the situation,” said a source.

The selldown is reminiscent of a similar fall in several speculative stocks in mid-2006. Then, stocks bought by two funds based off the US namely, PB Priam Capital and Aeneas Capital Management, came under heavy selling pressure after their investments in certain stocks deteriorated significantly. Among them were Iris Corp and Farm’s Best Bhd.

There are many financial institutions like Global Trader which offer services to clients trading in derivatives and other sophisticated financial instruments. But unlike Global Trader, the majority only serve institutions and not private investors.

Global Trader was placed under special administrators in mid-February after one of its clients defaulted on a margin call, which resulted in Global Trader having a deficiency in its capital requirements.

A fund manager said that the main concern was if there were other such institutions holding pledged shares and facing similar financial problems, which could lead to more selldowns and adverse impact on the market.

http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_72b2e3d2-cb73c03a-1d7b2220-26ac172a

icy97

H-Display 26日停牌28日除牌

企業18/07/2011 22:43
（吉隆坡18日訊）H-Display（HDISPLY，0139，創業板科技股）無法在大限前提呈企業重組計劃，股項被馬證交所勒令于26日起停牌，28日除牌。

馬證交所指出，該公司若要逃過除牌惡運，必須在25日前提出上訴。

今日閉市時，H-Display起0.5仙，收2仙，成交量96萬1700股。

今年3月，H-Display曾和Plant & Offshore機構（POC）達成協議，展開一系列財務重組計劃，包括轉讓上市地位給后者。

財務重組計劃包括資本削減、股權整合、與特別用途公司POB交換股權、籌資、公開發售POB股票，及將H-Display上市地位轉讓給POB。[ChinaPress]