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China Minzhong Food forum
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guoyanyunyan
Elite |
26-Aug-2013 13:56
Yells: "uncertainty always exist" |
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...Maybank Kim Eng has a TP of $1.36 today... https://cced0bba-a-62cb3a1a-s-sites.googlegroups.com/site/researchreport92/MaybankKimEng_ChinaMinzhong26082013.pdf?attachauth=ANoY7cpwIY8lUyduFbVbrg-gsWnSOWJBBwNSa_ElwpfIZoHRTuagwGG0obE0lfqLEPcBvfo12S2oRLJeJqgoTMRPCmAskfxKMNF0Z8RP3SktsFWjLOp_t7EvWGQxQPKrCYUFAI7DEsUk4jbpNVJtQhmc6gSXKI7RnP1kS4z97pgD3BoGh9Fwqy42W9iFIaKH3abagpUm-dvtTjuDChKc3iYy7-NFSy3P8RliKKlpwl_WNkn7cyvTpIbeoLZ25bZ9Jvkb3V3RyOMO& attredirects=0 |
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guoyanyunyan
Elite |
26-Aug-2013 13:50
Yells: "uncertainty always exist" |
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FearValueGreed
Master |
26-Aug-2013 13:14
Yells: "Long Term Timing X Capital = Well Deserved Payout" |
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Guess all s chip will be down for next few days.
Lucky I switch counter a few months back To Myanmar play n also get out of dukang. S chip s chip really cannot trust 100%. Sometimes their margin really amazing. I wonder sinogran also create some buffer towards their ipo build up for garden fresh. Maybe SGX shd offer term insurance for s chip with respect to fraud, insider trading, fabrication, suspension. I strongly believe there will be a huge market for it. |
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churnw
Senior |
26-Aug-2013 13:05
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Wait for their finding first | ||||||||||||||||||||||||||||||||||||||||||
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Peter_Pan
Supreme |
26-Aug-2013 12:49
Yells: "did you order dunkin' donuts" |
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Ah kong arm chio?
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francesco2222
Member |
26-Aug-2013 12:47
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The latest strong sell reports they issued (with a target price of 0.00 dol): 1/ Shougang Fushan Resources Group limited 2/ West China Cement Limited 3/ SouFun Holdings Limited => these stocks are all still trading and their stock prices are higher than when these research was issued Only one stock they were right: China Metal Recycling Holdings and that's what made them notorious but again it's easy (or at least more likely) to right one every ten or twenty times. Ever time they issue these strong sell reports they show 'proofs' like screenshots of or statement but most of the times they were wrong and just did not get the correct information. They should be sued when they are writing wrong allegations but as with Olam it seems very tough to sue and get something from the firm who made wrong allegations. So these guys have not much too lose they make their reports as if they were facts and it they are wrong, which they are most of the time then they can't be sued anyway... |
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guoyanyunyan
Elite |
26-Aug-2013 12:44
Yells: "uncertainty always exist" |
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...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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wait4opp
Veteran |
26-Aug-2013 12:42
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ZERO VALUE STOCK FROM NOW BUYERS DEAD ==> MONEY BEING LOCK. SHORT SELLERS ALSO DEAD ===> NO STOCKS TO BUY MARGIN CALL FOR ALL THE SHORT AND LONG...... ALL DEAD CHINA STOCKS BO SAI SNG |
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Peter_Pan
Supreme |
26-Aug-2013 12:37
Yells: "did you order dunkin' donuts" |
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https://glaucusresearch.com/wp-content/uploads/downloads/2013/08
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hyruga
Member |
26-Aug-2013 12:37
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You better hope china minzhong issued a swift rebuttal to the report and resume stock trading. Then sell before glacius rebut again. It better not be: China minzhong will launch its own internal investigation and stock will go into suspension.
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MrRice
Member |
26-Aug-2013 12:32
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Rotten veggies and poisonous mushrooms! |
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Octavia
Elite |
26-Aug-2013 12:29
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Fujian-based food producer China Minzhong has called a trading halt on its shares after a report published by short-seller Glaucus Research Group caused its shares to plunge 48 per cent. China Minzhong called for the halt at 11.15 am on Monday, pending the " release of material announcement" . Its shares opened at S$1.015 each but rapidly plunged to 53 cents, down 48.5 cents or 48 per cent. More than 24 million shares changed hands. In a 49-page report published this morning, Glaucus alleged that Minzhong fabricated sales to its top two customers, and that its financial performance with average margins of 66 per cent in the past five years was also too good to be true. |
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Peter_Pan
Supreme |
26-Aug-2013 12:28
Yells: "did you order dunkin' donuts" |
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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.
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GorgeousOng
Elite |
26-Aug-2013 12:18
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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CEO thanks! Looks like at this time ...we can only buy ah kong's company ...
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Emptyhand
Senior |
26-Aug-2013 12:15
Yells: "greenhorn !" |
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http://blogs.wsj.com/moneybeat/2013/08/25/short-seller-glaucus-alleges-irregularities-in-china-minzhong/ " Glaucus Research recommended a ?strong sell? on China Minzhong with a price target of S$0.00 for the company?s shares. Glaucus Research, based in California, said it was short China Minzhong, which means that it stands to gain from the decline in the company?s share price. " Wtf, price target of S$0.00 ? is this even possible ? |
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Peter_Pan
Supreme |
26-Aug-2013 12:14
Yells: "did you order dunkin' donuts" |
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China Minzhong shares halted for trade after 50 pct slump SINGAPORE, Aug 26 (Reuters) - Trading in Singapore-listed China Minzhong Food 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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wait4opp
Veteran |
26-Aug-2013 12:03
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wilmar will get short down soon noble will be back to 82cents soon Indo will down to 80cents...soon |
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Aberdeen123
Senior |
26-Aug-2013 11:55
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lol..a few others become quiet now.before that keep arguing. good intention not appreciated.
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sunview
Member |
26-Aug-2013 11:55
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According to filings to SGX the stakes are under the name of PT Indofood Sukses Makmur Tbk (IDX : INDF).
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clancoven
Member |
26-Aug-2013 11:53
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hmm maybe franklin fund also sold out some portions of their holdings | ||||||||||||||||||||||||||||||||||||||||||
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