舉債來投資 MEGAN 值得嗎 ? （九）

Mr.Business

光碟片已鹹魚翻身？轉機題材鋒芒逼人 營運暗地苦撐
2007/06/16 18:00 鉅亨網

【鉅亨網記者王雅慧／台北‧6月16日】 受轉機題材加持，沉寂已久的光碟片產業近來活力十足，除了龍頭中環2323(TW)和錸德2349(TW)利多頻 傳，精碟2396(TW)、利碟2443(TW)等二線廠股價也跟著發燒，不過，仔細檢視 5月營收卻大多呈現衰退，不 如表面上的風光，看來轉機利多並非鹹魚翻身的萬靈丹 。

時序即將進入光碟片產業旺季，各家廠商無不使出 渾身解數，頻頻祭出利多，加上雙層光碟片需求看漲， 近來族群股價表現亮麗，但在激情過後，回歸檢視基本 面，受淡季衝擊，大多數廠商 5月營收月增率不增反減 。

中環、錸德、精碟、國碩2406(TW)等業者5月營收 均較去年同期下滑逾2成，僅利碟轉攻數位相框有成，5 月營收月增率僅小跌0.65%，年增率則高達47%，表現優 於同業。

不過，光碟片產業的題材性十足，為了從谷底翻身 ，兩大龍頭之一的中環投入數位內容上下游產業，錸德 則投入快閃記憶體產品，至於二線廠的部分，精碟跨足 背光模組關鍵材料產業，利碟投入數位影音產品，國碩 切入銑刀鑽頭鍍膜，訊碟 2491(TW)投入太陽能電池。
............
http://tw.stock.yahoo.com/news_content/url/d/a/070616/2/gsq5.html


XXXXX

《各報要聞》經濟日報：達信踩到侵權地雷
2007/06/15 08:15 時報資訊

【時報-各報要聞】明基友達集團旗下的達信科技接單惹官司，未取得美商Shop4授權便生產Matrix品牌光碟片並銷往美國市場，Shop4已寄發存證信函給達信要求賠償。外界擔憂Shop4事件，將影響未來新力DVD下單意願，同是新力光碟片供應商的利碟（2443）可望間接受惠。

隨著遠茂光電下市，未上市的達信已是台灣第四大光碟片廠，主要OEM客戶是明基與新力。這幾年，該公司跨足偏光板生產，這項產品今年營收比重提升至60%到70%，超越光碟片部門業績。

達信去年稅後純益2.44億元，每股稅後純益1.14元，隨著偏光板產能擴增30%，法人推估今年營收將大幅成長50%，每股獲利挑戰4元。

據了解，達信為開拓光碟片新OEM客戶，年初接獲某中東客戶訂單，生產Matrix品牌光碟片，4月開始出貨到美國市場，不料該批訂單並未取得Matrix品牌擁有者Shop4授權，造成侵權危機。

達信表示，今年4月受到中東客戶委託製造Matrix品牌光碟片，數量相當少且已交貨給該客戶，至於出貨到哪個市場也是按照客戶指定，相關代理權爭議與公司無關，Shop4應與客戶協商。

http://tw.stock.yahoo.com/news_content/url/d/a/070615/3/gpzd.html

Mr.Business

Megan Media sued by bank

June 16 2007

MEGAN Media Holdings Bhd, an optical disc maker, said it has been sued by the Bank of East Asia Ltd to recover loans made to a wholly-owned unit, MJC (Singapore) Pte Ltd. The bank is claiming S$2.92 million (RM6.54 million) and US$79,500 (RM275,070), Megan Media said in a statement to Bursa Malaysia yesterday.

http://www.btimes.com.my/Current_News/BT/bizbriefs

khokhokho

原帖由 Mr.Business 于 17-6-2007 04:27 PM 发表
Megan Media sued by bank

June 16 2007

MEGAN Media Holdings Bhd, an optical disc maker, said it has been sued by the Bank of East Asia Ltd to recover loans made to a wholly-owned unit, MJC ( ...

  MEGAN來一招，反告Bank of East Asia Ltd
為何你會惜錢給新加坡的子公司，是誰和你講的條件，我想最終MEGAN會告這家BANK，私通來騙ＭＥＧＡＮ的錢。:@ :@ :@

Mr.Business

有时候我觉得khokhokho兄的想法很天马行空一下，哈。
马来主席是MJC的CEO，又不见得他发现Yeo的假帐？
欠债还钱，天经地义嘛。

mjchua

原帖由 Mr.Business 于 17-6-2007 07:04 PM 发表
有时候我觉得khokhokho兄的想法很天马行空一下，哈。
马来主席是MJC的CEO，又不见得他发现Yeo的假帐？
欠债还钱，天经地义嘛。

不是沒發現... 只怕是一起吃...
我就不信只有 YEO 一個人吃而已

khokhokho

原帖由 mjchua 于 17-6-2007 07:12 PM 发表


不是沒發現... 只怕是一起吃...
我就不信只有 YEO 一個人吃而已

當然YEO不可能做的這樣好看，為何不在馬來西亞而要在新加坡做手腳，最終我覺得會鬼打鬼出現的現象，到時就會看到你講我來，我講你，最後暴發更大的事件來，這時後，收尾之人會如何去收這些慘劇呢?

mjchua

原帖由 khokhokho 于 17-6-2007 07:21 PM 发表

當然YEO不可能做的這樣好看，為何不在馬來西亞而要在新加坡做手腳，最終我覺得會鬼打鬼出現的現象，到時就會看到你講我來，我講你，最後暴發更大的事件來，這時後，收尾之人會如何去收這些慘劇呢?

新加坡的調查結果 (PWC) 出來了嗎 ?
之前出來的是馬來西亞的

khokhokho

原帖由 mjchua 于 17-6-2007 07:35 PM 发表


新加坡的調查結果 (PWC) 出來了嗎 ?
之前出來的是馬來西亞的

如果是馬來西亞的事件，那更加好玩了，YEO如果甘願吃死貓的話，那他會一世都給人講，所以現在是越玩越大了，上一次的股東大會是這次事件最好的証明，如果這些小股東會上訴來講的話，我看MEGAN最終要作為蒙受損失的投資者的補償。

將於今年生效的2007年資金市場與服務法令（CMSA），賦予證監會更高的權力，以向涉及操縱市場、虛假交易或拉抬市場的個人，索取相當於盈賺或虧損額最高達3倍的款額，作為蒙受損失的投資者的補償。

證監會在回覆《星洲財經》的電郵中表示，證監會將利用這筆款額，賠償因有關操縱行動而蒙受虧損的投資者。
新加坡的子公司，出了這麼大的事件，也會使新加坡政府會看待這件事情，原因YEO是新加坡人，會影響新加坡的關係。

阿S

原帖由 小时候胖不是胖 于 17-6-2007 06:39 AM 发表
只要"区区"的一千万，就能买到煤暗50%的股权了，这不只是价值因素，还可以美化公司的帐目，因为煤暗年年赚钱的。你们有抓到意思吗？

还是没有。

猪先生2

原帖由 小时候胖不是胖 于 16-6-2007 06:31 AM 发表
你朋友有告诉你这谈话内容可以公布吗？你这位朋友是股托来的，煤暗已经10仙了，他还不忘记托他的股，真是讲理讲不通，赚够了就该收手了。我想告诉大家，这个故事是捏造的，就如捏造电话内容一样～
11/6/2007那 ...

我猜他目前可能性：
1。如你所说的股托
2。投资者，目前大部分已经出票了，剩下小部分票急于脱手。

milolow

股托是什么东西？  骗子？ 怎样骗？

是不是骗人买自己公司然后跑人？

Mr.Business

Monday June 18, 2007

On reducing corporate fraud and negligence

BY DANNY YAP AND ELAINE ANG
KUALA LUMPUR: COMPANY fraud or negligence can be minimised with bettercollaboration between board directors, regulators, accountinginstitutions and watchdog groups, said most corporate directorsinterviewed by StarBiz.
Crest Builder Holdings Bhd managing director Yong Soon Chow said thatwhile the board of directors was ultimately responsible for theperformance of a listed company, corporate fraud or negligence inMalaysia could be reduced if there was greater collaboration.
“While we hold ourselves responsible for Crest Builder's performance,we also feel greater collaboration between board directors, regulators,accounting institutions and watchdog groups should be furtherencouraged to improve corporate governance and to deter fraud,” hesaid.

Yong Soon Chow

Asked if Malaysian directors were generally competentto hold their post, Yong said: “By and large I believe most directorsare competent. Directors are appointed for their specific skills andare expected to perform their duties diligently in the interest ofstakeholders.”
However, he said, sometimes directors were appointed because they werethe founders of the company and not because of their administrativecapabilities.
On reports of several companies having irregularities in theiraccounts, Yong said: “We view these cases as one-offs and they shouldnot reflect badly on the competency of directors in other listedcompanies.”  
Malaysian Biotechnology Corp Sdn Bhd chief executive officer DatukIskandar Mizal Mahmood agrees with Yong that the board of directors wasultimately responsible for the performance of a company.
Iskandar, who is also a certified chartered accountant (CPA), saidboard directors were assumed to be competent as they had accepted theappointment and had a fiduciary duty to uphold their responsibilitiesas required by the Companies Act.
“If a company goes down or there are significant discrepancies in theaccounts - short of natural disaster that cannot be prevented - thedirectors are responsible. There is no excuse,” he said.
He also said it was common practice for listed company to have abusiness plan drawn up with contingencies to mitigate negative impactsand that appointed directors had a duty to take the necessary steps tocushion the impact.  
“If they fail to take appropriate action, then the directors are negligent,” he noted.
Asked if directors could have been deceived, Iskandar said if theaudited reports were prepared properly and in line with acceptableaccountant standards and audit practices, irregularities in theaccounts would have been highlighted.  
He said directors also had access and the right to question if therewere discrepancies in the accounts which needed be justified.  
“The mechanisms are in place to sniff out misdeeds,” said Iskandar,adding that the Malaysian accounting standards and audit practice wereadequate to regulate and detect fraud.

Datuk Iskandar Mizal Mahmood

Another CPA begged to differ. He said that while theaccounting standards and audit practices were “adequate” in Malaysia,there were many ways to conceal critical information about a company.
“It's known as creative accounting or cooking the books so that acompany looks in better shape that it really is,” said the accountant,adding that hiding material facts was considered deception, usuallyperformed by an individual or in conspiracy with others for mutualbenefits.
He said the collapse of giant companies in the US like Enron Corp andWorldCom were perfect examples of fraud that took a long time todiscover even by accounting experts.
“The accounting standards and audit practices may be in place butnothing is foolproof,” said the accountant, adding that ultimately alot would depend on the moral conviction and professional ethics ofthose running the company.
He said the continuous improvements in accounting standards and auditpractices would just make it a little harder to commit corporatecrimes.
However, the accountant agrees that stronger collaboration betweenboard directors and professional bodies like the Malaysia Institute ofCertified Practicing Accountants, Securities Commission and BursaMalaysia should be encouraged further so that all parties can monitorand take action if discrepancies are found in accounts that deviatesignificantly from the norm.
Asked what would be considered normal deviation in an account, he said generally a 5% deviation was acceptable.  

David Ho

“Larger deviations, especially above 10%, could beacceptable if substantiated and approved. Otherwise, it needs to beinvestigated and reported,” said the accountant.
He said collaboration was not only important to deter fraud but wouldalso allow significant variances in accounts or irregularities inbusiness operations to be picked up early.
“If there is fraud, negligence or even an innocent mistake, thedirectors can take immediate remedial action to resolve the issuebefore it becomes detrimental to the company's performance,” he said,noting that early detection was a sign that a company had goodmonitoring systems and tight financial controls in place.  
Hovid Bhd managing director David Ho agrees with the accountant that nothing was airtight, including corporate accounts.
He said regular audits on companies might help to deter fraud but ifthere were sufficient motivation such as greed to deceive, no amount ofinternal controls and compliance would help.
“It boils down to ethics and intent of the directors and those in aposition to influence the accounts,” said Ho, adding that it would bedifficult to contain abuse of power if the directives came from thetop.
He said: “Despite the best of accounting standards imposed, corporatecrimes or frauds are seen all around the world. At the end of the day,it is the people appointed at the top that we need to have faith in.”


http://biz.thestar.com.my/news/story.asp?file=/2007/6/18/business/18045298&sec=business

Mr.Business

Monday June 18, 2007


Rethinking the selection process

BEING a director of a company has become even more demanding in lightof recent accounting scandals involving companies such as TransmileGroup Bhd and Megan Media Holdings Bhd.
Many criticisms have been hurled at company directors, some of whichexperts feel can be overcome via a more effective selection process,tightening of rules and regulations, and instilling a strong sense ofcommitment and integrity in the directors.
The Malaysian Institute of Directors (MID) vice-president (training) DrJohn Thavaselvam Kanagaratnam said more thought must be put into theselection process of directors.  

Margaret Chin says directors must be able to give their professional best when they sit on boards

“Many talented people who can contribute to companiesas directors are not picked. The selection is done in a limited grouponly.
“The person selected must also have the agility and ability to carrythe burden of being a director of a company. Individual governance alsocomes into play,” he said.
Kanagaratnam cited a common problem whereby appointed directors –especially independent and non-executive ones – do not know much aboutthe company or the business.
“It is not easy to be a good director. They must have goodinterpersonal skills, be creative and are exposed to the requirementsof a competitive and global environment,” he said.
“Directors must be made aware of their responsibilities and beaccountable for their actions. They are in the driver's seat and musthandle the responsibilities with no conflict of interest,” he added.
Board Dynamics Sdn Bhd managing director Margaret Chin concurred.
She noted that directors must be able to give their professional best when they sit on boards.  
“It is their judgment whether they can commit to a large number ofboards. I personally believe that if you have a full-time job orbusiness, five boards would already be a major challenge,” she said.
She added that directors had a heavy responsibility to stakeholders –not only shareholders but also to the economy and the investingcommunity.  
“I personally believe that directors should not sit on boards if theyare unable to commit the time and attention. Directors should make it apoint to attend AGMs unless they have unforeseen critical matters toattend to.  
“They should be accountable to all shareholders. In particular, theyhave a professional responsibility to meet minority shareholders andnote their concerns,” she said.
Chin added that directors were paid fees by thecompany – not only to be directors, but also for each board andcommittee meeting they attended.
The listing requirements of companies also clearly state that directorsshould not sit on boards if they miss a certain number of boardmeetings.  
Chin is calling for the creation of a pool of professional independent directors with financial security of their own.  
“These are individuals who have a good reputation for integrity and arepassionate about their role as independent directors. They guard theirreputation jealously,” she said.
Chin believes independent directors should not be given too many perks as this may compromise their independence.  
“I am personally against the idea of giving shares to independent directors at discounted rates.  
“This may potentially influence some directors to support the chiefexecutive officer to either pursue actions to boost the share price ornot to make disclosures which may cause the share price to drop,” shesaid.
Meanwhile, Kanagaratnam of MID said the perks and remunerations ofdirectors should depend on their contribution and expertise.
“This is because the opportunity costs, especially for experts who areon the board of directors, are higher and they should be remuneratedaccordingly for them to stay on. However, the remuneration must bejustified and transparent,” he said, adding that a company makinglosses should not have directors enjoying very good remuneration andperks.
“This is where corporate governance plays an important part,” he said.
Kanagaratnam also does not feel that age should be a criterion when selecting directors.
“Some more senior directors are still very sharp. However, an olderperson may not have the stamina to endure long board meetings or evenAGMs.
“Time is also needed to read all the files and documents to be ready for such meetings,” he said.



http://biz.thestar.com.my/news/story.asp?file=/2007/6/18/business/18021736&sec=business

江湖

megan又有小涨潮， 可能今晚有好消息出

买卖自负

Mr.Business

还不怕？哈。Megan好像是只要有涨潮，就是有坏消息要出。

khokhokho

原帖由 Mr.Business 于 18-6-2007 03:21 PM 发表
还不怕？哈。Megan好像是只要有涨潮，就是有坏消息要出。

這一次我覺得不同，有人講過，星期一是重要的交易量，應會好事
錯了別罵我

Mr.Business

Megan现在是Top 10 active。哈。想不到她是因为成为投机股而上榜。

江湖

你讲得很对， 我应该改成今晚有消息出， 去掉那个“好”字比较好。。。 以免被鸟

江湖

看回以前的涨潮， 每每一两天后一定带个消息。。。

只是， 好坏而已。。。

Mr.Business

没关系，我现在是不动如山，等你们帮我抄高Megan。嘿。嘿。嘿。