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China Minzhong Food forum
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bishan22
Elite |
08-Mar-2013 15:24
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BB oredi run road liao. Better wait for next week if you need to pick up some bones. Good luck. 
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GorgeousOng
Elite |
08-Mar-2013 15:22
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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Gosh! Drop so much! Is it a good opportunity to enter? | ||||
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tostubi
Member |
08-Mar-2013 14:59
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does anyone know why the selling pressure? 1.3 million shares cleared all at once. templeton had a bad negotiation with indofood and decided to sell shares on the open market? | ||||
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SJ-Stomp
Senior |
08-Mar-2013 14:49
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Looks very attractive! | ||||
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tostubi
Member |
08-Mar-2013 11:46
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sorry for posting in such big words, was an accident, never used such forum before. what does ba3 mean?? i have no idea! i'm a noob. just started investing 1 year ago and lost $2.5k in olam. :p but i only know noble group has the same rating. yep.
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MrRice
Member |
08-Mar-2013 11:46
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Ba3 (stable outlook) is rating given from Moody. The stable outlook reflects Moody's expectation that Minzhong will maintain stable revenue streams and profitability from its processed vegetable business with a satisfactory record of product quality and safety. The company is also expected to maintain its current strong credit metrics, while expanding its cultivation capacity and new product investments. Upward rating pressure is limited in the near term as the company is expanding its domestic business. However, positive rating momentum may arise if the company (1) successfully expands the sales of its high value products, such as organic fresh vegetables and king oyster mushrooms in the local market, thereby providing another stable revenue stream and reducing the impact of lower cost competitiveness in export markets (2) avoids any deterioration in its cash conversion cycle and (3) maintains steady profitability and low debt leverage. On the other hand, downward rating pressure may arise if the company (1) encounters any product quality and food safety failures which significantly affect its corporate image and businesses (2) fails to maintain stable revenue contributions from its export of processed vegetables, which could result from competition from producers in China, or other low cost countries (3) engages in aggressive capital spending or farmland acquisitions, which pressure its liquidity position and balance sheet strength or (4) its profitability weakens and leverage increases, such that Debt/EBITDA exceeds 4x. The principal methodology used in this rating was Global Food - Protein and Agriculture Industry Methodology published in September 2009. Please see the Credit Policy page on www.moodys.com for a copy of this methodology. Listed on the Singapore Stock Exchange in April 2010 and started as a collective enterprise specializing in dehydrated vegetables, China Minzhong Food Corporation Ltd has been operating its vegetable processing business for 40 years. It produces more than 100 types of processed vegetables for customers in 26 countries. PT Indofood (29.3%) and Franklin Templeton Investments (11.1%) are the two major shareholders with a collective 40.4% ownership.
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srichipan
Master |
08-Mar-2013 11:39
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What's BA3? Can explain coz I can't open the link
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tostubi
Member |
08-Mar-2013 11:34
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http://www.moodys.com/page/viewresearchdoc.aspx?docid=PR_264812& WT.mc_id=NLTITLE_YYYYMMDD_PR_264812 Rating Action: Moody's assigns first-time Ba3 rating to China Minzhong |
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tostubi
Member |
08-Mar-2013 11:12
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Thank you Mr Rice. : ) Vested with 20 lots at 1.225, bought in another 5 at 1.165. the float is a bit big in my opinion, and just a fear franklin might sell more again. but overall, i think this feels like a good company (if it is a not a fake company.) i'm inexperience in stocks and i'm feeling the growth is similar to olam actually... : p haha! but still believe from all's that been said and done, and my short stay in China for 6 months. this is one stock i'm holding till $1.50. |
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tostubi
Member |
08-Mar-2013 11:08
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hahaha!
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teobl9
Member |
08-Mar-2013 10:23
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Senior note or bond is a corporation issues to raise money effectively instead of borrow from bank which is more expensive and restrictive, in order to expand its business! This I think should have good impact to CMZ! | ||||
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FearValueGreed
Master |
08-Mar-2013 10:16
Yells: "Long Term Timing X Capital = Well Deserved Payout" |
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Dun bother.
Just call the company secretAry n ask for information. |
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MrRice
Member |
08-Mar-2013 10:09
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http://www.sgx.com/wps/portal/sgxweb/home/company_disclosure/company_announcements Can anyone share what will be the impact of senior notes issue?
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solomonster
Senior |
08-Mar-2013 09:57
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You mean buy more? what happen if it goes down further? Don't always think profit, think your risk and capital protection.
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zacaroo
Member |
08-Mar-2013 09:42
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sian bought at 1.21 no $$$ to avg down | ||||
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FearValueGreed
Master |
08-Mar-2013 09:41
Yells: "Long Term Timing X Capital = Well Deserved Payout" |
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I also dun know, not very transparent. if is not a convertible notes more dilution. |
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tostubi
Member |
08-Mar-2013 09:38
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Hello all, where is this news about the senior notes? | ||||
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FearValueGreed
Master |
08-Mar-2013 09:33
Yells: "Long Term Timing X Capital = Well Deserved Payout" |
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I guess sellers using the senior notes to be issued and franklin sell out as an excuse. Will locked in target once TA becomes neutral. |
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ozone2002
Supreme |
08-Mar-2013 09:28
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there were warning signs that based on TA the stock is overbought.. pullback definitely bound to happen.. gd luck ..still a gd stock to grab on weakness.. dyodd
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BellaVida
Member |
08-Mar-2013 09:24
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What happened to CMZ? | ||||
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