Generalizing S-Chips?

With the recent fiasco with 2 S-Chips listed on the SGX, namely, China Hongxing and Hongwei Technologies and their accounting irregularities in their financials, I think many now have nodded their heads in agreement in general that S-Chips are indeed unreliable and dangerous to invest in.

However, looking at the current S-Chips in my portfolio, namely JES International and Fuxing China Group, I think that the stereotype of S-Chips being poorly run and managed is unfair to these well performing S-Chips.
JES International and Fuxing recently posted good results for their FY10, with Fuxing continuing the policy of declaring dividends. Fuxing declared a 0.02 CNY dividend for FY10 even though they are in the midst of acquiring 3 companies for their horizontal expansion. JES reversed a loss in FY09 to post a better than expected  profit and currently have a huge orderbook worth 1.6billion which would keep JES's shipyard busy for the next 2 years as explained by their CEO Jin Xin.

I am optimistic of both companies growth in the years to come and if you have missed taking a position on JES when the Libya unrest caused the STI to fall for the past 2 weeks, the price now at 31 cents still represent a good opportunity to enter. Fuxing on the other hand has been holding steady at 16.5/17 cents since the start of the year. With continued good results and dividends, both companies share prices look good to rise with the investors' increased confidence when they are announced.