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China Minzhong Food forum
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tostubi
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15-Apr-2013 10:13
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This is not good is it?? haiz, sold at a loss. once had a profit of $2000 over from cmz. now have a profit of only $400 equal to a $1600 loss on cmz. |
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srichipan
Master |
12-Apr-2013 22:35
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wah. today dropped abit. Don't go up so soon. please wait for me haha | |||||||||||
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FearValueGreed
Master |
11-Apr-2013 21:34
Yells: "Long Term Timing X Capital = Well Deserved Payout" |
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90 cents I believe is the solid support to buy without worry.
Now the north korea wind very strong n china flu also very dok. Every dip awaits oppprtunity. Too bad now engage in other battle. |
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shareflux
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11-Apr-2013 18:51
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Food and agriculture has its challenges. Low PE reflects that. However, have a feeling market is not very sure how to evaluate this business. One day push cmz up to 1.22 and push it down to 1.05 in another. Food and farming business is not suppose to be sexy and have this kind of volatility. Yöu can buy 3 phones of different brands or as many as you like but you won't eat three bowls of noodles or pay $10 for a bowl or noodle no matter how much you like it.
Market could have reacted to the m&e of bread talk but top line growth have yet to translate into bottom line for bread talk. It is not how many store you open but how much $ per square foot you can extract out it. Today is a green day and there is a lot of exuberance in the market. A more consistent valuation will appear only after a few rounds of dips at low volume. PE of 12, not unlikely but will depend how the synergy work out between Indo food and cmz. It is too early to tell as the investment is only made around January 2013. |
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teobl9
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11-Apr-2013 17:03
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Wau! If buyer willing to pay price at PER 12.7x, then CMZ price must be double up because current PER stand at 6x only! Huat arh!!! | |||||||||||
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srichipan
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11-Apr-2013 16:46
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Slowly leh. Wait till I liquidate my shares then buy this | |||||||||||
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Desmond69
Member |
11-Apr-2013 16:44
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Watch out for ChinaMInZhong !! WSJ BLOG: Breadtalk Deal could Stir Singapore Takeovers: Maybank-Kim Eng11 Apr 2013 16:33 WSJ BLOG: Breadtalk Deal could Stir Singapore Takeovers: Maybank-Kim Eng (This story has been posted on The Wall Street Journal Online's Deal Journal blog at http://blogs.wsj.com/deals.) With deals in the consumer sector all the rage in Southeast Asia, brokerage Maybank-Kim Eng has put together a list of other potential small- and mid-cap targets listed in Singapore. " In a world of record low interest rates against a backdrop of macro uncertainties, acquirers can control their own fate by buying out good assets," it wrote in a note. The latest such deal is the steady building up by Thai hospitality group Minor International PCL of its stake in Singaporean bakery chain BreadTalk Group Ltd. since January. The Thai Group currently has a 9% stake in BreadTalk, which has a market capitalization of about S$275 million (US$222 million). BreadTalk operates bakeries in Southeast Asia as well as China, Hong Kong and the Middle East. It also operates other eateries such as the Food Republic food courts and the Toast Box chain across Asia. The Breadtalk deal could spur investors to bet on other potential deals in the consumer space, says Maybank-Kim Eng. Maybank-Kim Eng calculates that there have been 54 takeovers or take-privates of listed Singapore companies in the consumer sector in the past 24 months out of 775 stocks, with average deal premiums about 24%. Bidders on average were willing to pay a price-to-earnings ratios of 12.7 times for assets. The brokerage also found that having a controlling shareholder in these companies was rarely an impediment to a takeover, because acquirers may value buying into a company where existing management is also the founder and controlling shareholder. Among the nine takeover targets named by Maybank-Kim Eng is Singapore-listed China Minzhong Food Corp., a vegetable processor based in China. Indeed, another Southeast Asian company, Indonesia's Indofood Sukses Makmur Tbk took a 15% stake in the company in February via a share placement, later raising its stake to 29%.
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bishan22
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11-Apr-2013 16:33
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Reversal is strong now. makan makan time. Good luck. 
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teobl9
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11-Apr-2013 16:33
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Wau! Chiong arh!!! | |||||||||||
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teobl9
Member |
11-Apr-2013 16:22
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Time to pick up liao! Friend Sino grandness already up up in the sky! Next is CMZ! | |||||||||||
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shareflux
Member |
10-Apr-2013 14:49
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CMZ had run up after the announcement of investment by IndoFood. At that time i thought the share would have gone down to 90cts after dilution before slowly climbing again.Well, Mr Market loved the news and pushed it to $1.22. This retracement is potentially good for CMZ as the stock rebuild its base around the $1.10 (or lower) before pushing higher again. So, Octavia i totally agree with your TA read but not in a bearish way. From a macro and micro view, CMZ " farming" biz is in the right sector and valuation is low. However, the current $1.10 price level (after the 13% dilution) is about the old $1 mark of CMZ ard CNY in Feb. It briefly hit 98 then and rebound. So my take is CMZ will not hit the current $1 (old 90cts) as support should be found around the $1.10 level, the support at the undiluted 98cts. Just my 2 cents worth.
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tostubi
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10-Apr-2013 14:29
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but to begin with, who is selling below 1.12 when it is not shorting. is there anyone who know the mechanics of why such selling occurs? | |||||||||||
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oldflyingfox
Master |
09-Apr-2013 15:41
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If you are playing for longer term, consider that Indofood has purchased it @$1.12 recently, so if you could buy it below that level, you have much less risk. | |||||||||||
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oldflyingfox
Master |
09-Apr-2013 15:30
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Depend whether u play short, mid or long term. After went for 6 days continuously, the rebound could push it back to $1.10 in these 2 days. | |||||||||||
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Octavia
Elite |
09-Apr-2013 15:25
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China Minzhong is likely to see more downside ahead after violating its 3-month uptrend support recently. This was followed by a strong bearish break below its $1.10 key support on increasing volume in the last session.$1.10 is now the newly established support-turned-resistance. |
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sharefbb05
Member |
09-Apr-2013 10:40
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I like to eat oyster mushroom. Hope can buy at low price. But today rebound |
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oldflyingfox
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09-Apr-2013 10:28
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That 210 lots are not shorten only by one person, it was a small for many parties. Some counters have millions of $$ being shorten.
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ozone2002
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09-Apr-2013 09:41
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China Minzhong - Likely further correction after bearish break - OCBC Resistance: S$1.10 Support: S$0.97 Last Closing Price: S$1.055 52-week Px Range: S$0.53 - S$1.27 |
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nokolosti
Member |
09-Apr-2013 00:06
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210 lots O_O I was holding onto 20 lots just sold today. Wow 210 lots cost about 1.07 x 210000 waaaa 200000k +
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shareflux
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08-Apr-2013 23:31
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CMZ is coming to a whisker of its price before the run up due to IndoFood investment in Feb. it has dropped 20% from its top of $1.20. Valuation is becoming attractive again at PE below 6 and a price/NAV ratio below 1. Its low debt equity ratio 0.156 and margin of more than 20% is a compelling buy. This is a stock with sound fundamental and if the SARS in China depressed its price further, it is a good time to accumulate. The delayed harvest last quarter due to the prolong winter will see an accrued earning this quarter and hence, it is not surprise to see a jump in earning in this quarter. There maybe further weakness in the stock price but value is compelling even at current level. Definitely not a candidate for shorting. Long on a sign of reversal. |
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