GOLDLION Holdings markets men's clothes and accessories. This time last year Cheerful Securities placed a buy on the stock, saying the company's aggressive nature made it a good bet. This proved poor advice. Goldlion's failure to deliver on its 20 per cent growth target in China led brokerages to downgrade forecasts. Twelve months ago Goldlion shares traded at $6.75. Now they are worth $4.775, having underperformed the Hang Seng Index by 38.75 per cent.