How about food stocks as potential takeover target? After F&N and Asia Pacific Brewery, who's next?

Super and Food Empire have established distribution network in SEA and Central Asia that some bigger player could tap on for expansion into developing markets.

Thank you for your reply. I find it interesting that you put some weightage to a CEO's background. I agree that it can be a good restraint on him and limits any tendency to be 'naughty'. Of course, it's no 100% guarantee. Just look at the spate of headlines about top guys who should know better than behave badly like that CIA director and another US general, and our ex-CNB director , etc. Financial misbehaviour too is not entirely absent from civic leaders.

Hi Joseph, you have done well. Could it be a bit of luck that helped you too? btw, Foreland is not looking good. I hope it recovers in the future but for now the textile industry isn't looking up.

Thank you Joseph for sharing. It's vrery comforting to me to see Foreland on the list, as I hold this fella. At double-digit average prices -- Ouch!

I have to date done not more than 5 postings on stocks. The companies mentioned in the postings were :

1. SMB

2. Eastern Asia Technology

3. Kian Ann

4. Foreland

It actually amazed that of the 4 stocks mentioned/posted by me 2 were taken private, one currently in talk (Kian Ann) and Foreland.

The posting I make today is to share with you how I normally choose a stock. I guess the record of my stock picking will speak for itself.

I paste below my past postings for your info :

          READERS’ TOP PICKS FOR Q1 Stock  2010

starting price (cts)            Mar 31 close (cts)  % change since Jan 1                 Reader who highlighted stock

1. Techcomp      30            55           83.3        MacGyver

2. Broadway       62.5        95.5        52.8        MacGyver

3. SMB                32          31               -3.1        Josephyeo

4. Eastern Asia   11           11           -              Josephyeo

5. Changtian       22           19           -13.6      Morpheus

6. Junma Tyres 16.5        16           -              Morpheus

7. Oceanus          44           35           -20.5       happin

8. Design Stu     63.5         62           -2.3         happin

9. Cityspring       59           60.5        2.5           at301273

10. Metro            79           82.5        4.4           Lowsx

 Foreland Fabrictech

When I invest in s-chips I nnormally look at the background of the shareholders. Normally those who are deeply involved in civics, political, economics n political associations/clubs etc are less likely to 'fraud' as it will lead to a big loss of face. Looking at the credentials of the chairman, in that terms, i am comfortable with him. This is one reason I am heavily vested in this company. Just my view only.

China. Tsoi Kin Chit

Executive Chairman

Mr Tsoi is our Founder and Executive Chairman. He was appointed to our Board on 15 November 2006. With almost 20 years of experience in the industry, he is responsible for formulating the strategies and providing the direction for our Group.

Before founding the Group, he served in the army from January 1969 to June 1976, handling clerical work for the 31^st Radar Regiment, Shanghai Air Force, the Chinese People Liberation Army. This was followed by a stint as Secretary of the Dongshi Politics and Law Committee, Jinjiang District Dongshi Community, Fujian Province. In June 1979, Mr Tsoi joined Jinjiang Second Welfare Factory, a state-owned shoe-manufacturing enterprise, as Factory Manager responsible for the construction and running of the factory until June 1996.

In October 1988, while still holding his last position as Factory Manager, Mr Tsoi founded Fulian Knitting and has been its Chairman and Managing Director since then.

Besides his role in our Group, Mr Tsoi wears several other hats including:

• Member, Jinjiang City Executive Committee of the Chinese People’s Political Consultative Conference

• Member, Quanzhou City T extile and Garment Chamber of Commerce

• Deputy Chairman, China Chamber of International Commerce, Jinjiang City

• Chairman, Returned Overseas Chinese Federation of Dongshi Township, Jinjiang City

• Deputy Chairman, Jinjiang City Labour Model Association

• Deputy Chairman, Chamber of Commerce and Industry, Jinjiang City

Mr Tsoi is an avid philanthropist who has contributed significantly to charities. In 2006, he was awarded the Quanzhou City

Public Donation Special Contribution Prize by the Quanzhou City People’s Government.

He holds a degree in Enterprise Management from the Fujian Province Radio Broadcasting Television University, China.