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Latest Posts By Peter_Pan - Supreme      About Peter_Pan
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27-Aug-2013 14:19 ThaiBev   /   up or down on debut?       Go to Message
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x 0 		COO Ong! Did you enter again?!?!
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27-Aug-2013 14:11 Midas   /   Midas       Go to Message
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x 0 		Midas has performed a merry-go-round. Should sling-shot back towards 0.50 then 0.53.
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27-Aug-2013 14:07 Vard   /   Vard Holdings       Go to Message
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x 0 		Entered 0.84. gd luck. dyodd.
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27-Aug-2013 14:04 ThaiBev   /   up or down on debut?       Go to Message
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x 0 		Entered 0.435. gd luck. dyodd.
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27-Aug-2013 14:02 Midas   /   Midas       Go to Message
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Entered 0.465. gd luck dyodd

Stupid BBs lol 
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27-Aug-2013 09:17 ThaiBev   /   up or down on debut?       Go to Message
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Hit my target 0.45. gd luck
Peter_Pan 
Elite 
21-Aug-2013 17:57           About Peter_Pan           Contact              Quote!                    Mood:  happy 
Yells:  " Live To Trade"
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Alert Admin		0.45 may becomes a reality...very injured by the broken glasses

Peter_Pan           ( Date: 21-Aug-2013 16:23) Posted: 

Orh Bak Kak...

Peter_Pan           ( Date: 29-Jul-2013 16:33) Posted: 

Fell through the main support liao....may reach 0.45 if and only if all else breaks loose....


Rate This Post:     Useful To Me        Not Useful To Me   


 
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26-Aug-2013 21:05 China Minzhong   /   China Minzhong Food forum       Go to Message
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x 0 		This one is falling swords..so long

medivh      ( Date: 26-Aug-2013 21:03) Posted:



This is the sifu of sifu.. (" ,)

    not easy to catch falling knives and to fling it back ..

      machiam " Xiao Li Fei Dao"

xing78      ( Date: 26-Aug-2013 18:04) Posted:

The plunge today presents a great buying opportunity when trading resumes. I like to catch falling knives. :p
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26-Aug-2013 20:22 China Minzhong   /   China Minzhong Food forum       Go to Message
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x 0 		This month 2 s-chips kena liao..
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26-Aug-2013 18:21 China Minzhong   /   China Minzhong Food forum       Go to Message
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x 0 		Most likely going for suspension. Lifting of trading halt with this kind of evidences still fresh in the minds will only results in further pressure to the share price.
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26-Aug-2013 17:27 China Minzhong   /   China Minzhong Food forum       Go to Message
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x 0 		Very short time frame until suspension is compulsory. Brokerages are very likely to remove CMZ from the margin list very soon. Margin and contra players
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26-Aug-2013 17:19 China Minzhong   /   China Minzhong Food forum       Go to Message
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x 0 		Hope the management gives the shareholders a reasonable explanations on the allegations by this week. Otherwise something is really very amissed..
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26-Aug-2013 16:13 China Minzhong   /   China Minzhong Food forum       Go to Message
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x 0 		Those clients who hooted big early in the morning on their report sure pui at them..4D also not so zhun. Wonder whether the TRs quickly get their clients to cut loss?

ozone2002      ( Date: 26-Aug-2013 10:47) Posted:



Singapore Daily
China Minzhong: Earnings Preview Buy TP $1.36
MINZ SP | Mkt Cap USD520m | ADTV USD2.4m
Ø  China Minzhong will publish its 4QFY6/13 results this Thursday before market. We are looking at revenue of RMB685m and net profit of RMB164m. Possible YoY and QoQ decline are due to seasonality reason.
Ø  In our view, there are two short term catalysts for Minzhong: 1) supply contracts from Indofood and 2) first dividends payout since IPO, which could help to argue for a re-rating case for the stock.
Ø  Recent developments of the company include the first-time credit rating (Ba3) given by Moody?s and the issuance of USD150m syndication loan underwritten by Citibank and Standard Chartered. In our view, this could help to rebuild investors? confidence. Maintain BUY and TP SGD1.36, pegged to historical average of 5x FY6/14 PER.

 

from ur friendly Malaysian brokerage house Maybank.. issue this morning..
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26-Aug-2013 14:41 China Minzhong   /   China Minzhong Food forum       Go to Message
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x 0 		Short-seller hits China food firm in rare Singapore attack

* Short-seller says China Minzhong misled investors about 
sales 
* China Minzhong: taking legal advice, halts trading in 
shares 
* Shares plunge 50 percent 

(Updates with details of suspension, comment from China 
Minzhong) 
By Rachel Armstrong and Anshuman Daga 
SINGAPORE, Aug 26 (Reuters) - Food producer China Minzhong 
Food Corp Ltd  on Monday became the first 
Singapore-listed Chinese firm to come under attack by a 
short-seller, which wiped off more than 50 percent of its market 
value in two hours and triggered a trading halt. 
Short-sellers have in recent years targeted Chinese 
companies listed in Hong Kong, Canada and the United States, 
citing irregularities, but they have so far avoided any of the 
143 China-based firms listed on the Singapore Exchange Ltd 
. 
China Minzhong, which until Monday's share price slump had a 
market value of around $520 million, was hit after 
California-based Glaucus Research Group issued a report alleging 
the company misled investors about sales to its biggest 
customers. 
The report also raised questions over the credibility of 
China Minzhong's financial performance compared to its peers. 
Glaucus said they and their associates have a direct or indirect 
short position in the company. 
Travis Seet, China Minzhong's financial controller, told 
Reuters the company was taking legal advice on how to respond to 
the report. He declined to make any further comment and trading 
was halted pending an announcement from the company. 
China Minzhong listed in Singapore in 2010 and has attracted 
several big-name investors, including Singapore sovereign wealth 
fund GIC which sold its 14.4 percent stake in February to 
Indofood Sukses Makmur Tbk PT  . Indofood had no 
immediate response to the queries on China Minzhong. 
Other large investors include Franklin Templeton Investments 
Corp, which holds just under 11 percent of the food producer, 
according to Thomson Reuters data. 

BIG BLOW 
Analysts said China Minzhong will struggle to recover from 
its share price plunge regardless of the veracity of the 
short-seller's allegations. 
" Given the huge damage done already, we believe it will be 
an up-hill task (especially without GIC's backing now) for the 
company to re-build confidence," Lim & Tan Securities wrote in a 
note. 
Shares in China Minzhong fell 47.8 percent in two hours of 
trade before the company requested a trading halt. Nearly 24 
million shares were traded, almost ten times the average full 
day volume traded over the past month. 
Four analysts have a 'buy' or 'strong buy' on the stock, 
Thomson Reuters data shows. China Minzhong is due to release 
full-year results on Aug. 29. 
A number of Chinese companies listed in Singapore ran into 
accounting problems in 2008 and 2010, denting investor 
confidence in the stocks, known as S-chips. 
The Singapore Exchange has since then taken steps to improve 
corporate governance of listed companies and after the trading 
halt, the regulator said it had asked China Minzhong to confirm 
the company was in compliance with the rules. 
China Minzhong is not the only China-based stock targeted by 
Glaucus this year. 
The group, whose research is overseen by former lawyer Soren 
Aandahl, accused Hong Kong-listed China Metal Recycling Group of 
fraud in January this year. Hong Kong's securities regulators 
has since applied to the courts to have China Metal Recycling 
liquidated. [ID:nL4N0G02IW] 
Last year, high-profile short seller Muddy Waters attacked 
Singapore commodity trading firm Olam  prompting the 
company to raise cash as its stock and bond prices tumbled. 
Singapore state investor Temasek, stepped in to prop the 
company, raising its stake to 24 percent from 16 percent.
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26-Aug-2013 12:49 China Minzhong   /   China Minzhong Food forum       Go to Message
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x 0 		Ah kong arm chio?

guoyanyunyan      ( Date: 26-Aug-2013 12:44) Posted:



...On 20 Mar '13... posted by Andy Yew...

China MinZhong Food Corporation has been trending up since the beginning of this year, we see potential in this chart as the price has recently breakout of the 52-week high. However, after the news that PT IndoFood Sukses Makmur Tbk bought entire Government of Singapore Investment Corporation?s stake in China MinZhong, the price fell below 10 days Simple Moving Average (10SMA ? denoted by the blue line) and also the supporting trendline. The chart also showed us that the support at $1.10 has been holding quite well as the recent price bounced off from it. One may consider to long this stock if the uptrend resume where the price rise above the 10SMA and price rise back into the uptrend channel. Resistance could be seen at $1.26 followed by $1.40. The mid-term uptrend will be violated if the price fails to move higher and break the support at $1.10.

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26-Aug-2013 12:37 China Minzhong   /   China Minzhong Food forum       Go to Message
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https://glaucusresearch.com/wp-content/uploads/downloads/2013/08
/GlaucusResearch-China_Minzhong_Food_Corp_Ltd-SGX_K2N-BBerg_MINZ_SP-Strong_Sell_August_26_2013.pdf


Peter_Pan      ( Date: 26-Aug-2013 12:28) Posted:



Trading halt may becomes trading suspension until the allegations are duly clarified. The full report can be viewed at their website. Their findings look credible and it is unlikely that they will fabricate such serious allegations.

GorgeousOng      ( Date: 26-Aug-2013 12:18) Posted:

CEO thanks! Looks like at this time ...we can only buy ah kong's company ...


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26-Aug-2013 12:28 China Minzhong   /   China Minzhong Food forum       Go to Message
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Trading halt may becomes trading suspension until the allegations are duly clarified. The full report can be viewed at their website. Their findings look credible and it is unlikely that they will fabricate such serious allegations.

GorgeousOng      ( Date: 26-Aug-2013 12:18) Posted:

CEO thanks! Looks like at this time ...we can only buy ah kong's company ...


Peter_Pan      ( Date: 26-Aug-2013 11:36) Posted:

Glad that you are out. If what the short-seller,  Glaucus Research Group, said is true, CMZ may be suspended.
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26-Aug-2013 12:14 China Minzhong   /   China Minzhong Food forum       Go to Message
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x 0 		China Minzhong shares halted for trade after 50 pct slump

SINGAPORE, Aug 26 (Reuters) - Trading in Singapore-listed 
China Minzhong Food  was halted on Monday after its 
shares plunged by 50 percent following accusations of 
irregularities by a research house with a short position in the 
company. 
Glaucus Research Group issued a report that said the 
irregularities involved sales to China Minzhong's top two 
customers, according to " corporate registry records" . 
China Mingzhong said it had no immediate comment on the 
report. 
In a separate statement, the company said it had asked for 
trading in its shares to be halted pending an announcement. The 
Singapore Stock Exchange asked the company to clarify if it was 
in compliance with the listing rules. 
Shares in China Minzhong fell 50 percent with 23.9 million 
shares traded, more than nine times the average full-day trading 
volume of 2.5 million traded over the past month.
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26-Aug-2013 11:36 China Minzhong   /   China Minzhong Food forum       Go to Message
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x 0 		Glad that you are out. If what the short-seller,  Glaucus Research Group, said is true, CMZ may be suspended.

GorgeousOng      ( Date: 26-Aug-2013 11:20) Posted:

Sista halleluyah ,Mancho Man
Out last week. So nice of you guys! Thank you!

Octavia      ( Date: 26-Aug-2013 11:02) Posted:



Hope Sista Gorgeuous is out.

Have warned abt this counter before.

 
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26-Aug-2013 10:53 China Minzhong   /   China Minzhong Food forum       Go to Message
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x 0 		China Minzhong shares fall 13 percent after report by shortseller Glaucus

SINGAPORE, Aug 26 (Reuters) - Shares in Singapore-listed 
China Minzhong Food  fell more than 13 percent on 
Monday after a research house with a short position in the 
company accused the vegetable producer of irregularities in its 
sales figures. 
Glaucus Research Group issued a report that said the 
irregularities involved sales to China Minzhong's top two 
customers, according to " corporate registry records" . 
A spokesman for China Minzhong said the company had no 
immediate comment to make. 
Shares in China Minzhong fell as much as 13.3 percent with 
more than 9.4 million shares traded, more than three times the 
average full-day trading volume of 2.5 million traded over the 
past month. 
Four analysts have a 'buy' or 'strong buy' on the stock, 
Thomson Reuters data shows. China Minzhong is due to release 
full-year results on Aug. 29. 
Glaucus Research, which is based in California, said they 
and their associates have a direct or indirect short position in 
the company so stand to make money if its share price declines.
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25-Aug-2013 00:41 Oceanus   /   No More Hope !!       Go to Message
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x 0 		They are waiting for some investigation on the abalones' mortalities etc. Hope they make some announcement soon. Taking a bit too long.
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