Friday, 24th March, 2006

Dear Reader,

It's been a while, hasn't it?

Blackout on Receivables (24-Mar-06)
If you saw the lights dim recently, it was because the Stock Exchange scrapped a requirement for listed companies to disclose large accounts receivable, which could have warned investors about impending disaster. Dressed up as a "minor and housekeeping" rule amendment without consultation, the change is illustrative of the urgent need to increase investor representation on the Listing Committee, to produce pro-investor policy reform. And that's where HK needs your help.

Bubble Rap: Kanstar (24-Mar-06)
We renew our bubble warning on Kanstar Environmental Paper Products (8011), which is trading on a price/book ratio of 23.5 and barely made a profit last year.


This free, no-spam newsletter goes to over 12,000 practitioners, issuers, regulators and investors in Hong Kong's markets. It's not-for-profit, so we depend on referrals. Invite a friend to subscribe! Click the link below:

Visit our archives, and do your due diligence homework before you invest:

This e-mail and small extracts of any article on the site may be freely quoted in any other publication but ONLY if attribution is given to

David M Webb