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China Minzhong Food forum
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jacksonwwl
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19-Feb-2013 12:34
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1.6?? when it shoot so high... lol...
my stop point at 1.15.
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Insanity
Member |
19-Feb-2013 12:34
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LoL Somebody kept telling me ytd "dont be greedy" and lucky I queued to sell off at 1.2
Same looking to buy back at low |
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srichipan
Master |
19-Feb-2013 11:59
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Sold mine when it hits my stop order at 1.60. Still good profits though. Waiting for a chance to enter again! Probably before next results announcement again! Haha
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ozone2002
Supreme |
19-Feb-2013 11:55
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correction taking place after a 18% run up yesterday.. still cheap @ 4-5x PE |
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jacksonwwl
Member |
19-Feb-2013 11:07
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just now saw 1m vol in buying q for 1.16... look like this is a strong point... hvnt take profit yet @@
whr can it jump tmr? |
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nokolosti
Member |
18-Feb-2013 23:54
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Sorry srichipan I actually pluck the figures off DBS vickers. I didn't realised it was in another currency. My bad my bad haha. But the P/E ratio reflected on investing.businessweek.com is 4.5    Cheers to all who invested !   Hong Bao for you all 
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nokolosti
Member |
18-Feb-2013 23:51
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Thanks so much oldflyingfox!Btw i'm quite new to stocks and China Minzhong is the first stock i bought.   
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jacksonwwl
Member |
18-Feb-2013 22:58
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due to this indofood, think the maggi being fried too fast... a lot news player are joined the fun. but when they are going to retrieve with the profit? the long long white candle today, will it continue?! by right this still can fry for few days... waiting to see tomorrow ^^ but anyway... i bought in 1.035... but i monitor it at 0.70 =.= wat a wasted... |
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srichipan
Master |
18-Feb-2013 22:39
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oh man. thanks for highlighting the mistake! can share how you get 1.398 though? 
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teobl9
Member |
18-Feb-2013 22:30
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Hi srichipan, latest NTA is RMB7.05 or SGD1.398. Your calculation of PER is based on 1 quater EPS which is again wrong! It should be latest price divided by last 4 qtrs total EPS which about 4.xx! But again due to new share placement to Indofood, the above calculation will be about 15% diluted. I am still holding the share and will average up more as I anticipate better result on next qtr due to CNY sales! | ||||
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srichipan
Master |
18-Feb-2013 21:56
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anyway the NTA is   RMB6.64/Share which translates into SGD1.328/share. (after taking into account the proposed subscription) the P/E ratio should be at this price should be around 11.7 ($1.2 divided by 0.102) Hmm. Upside pretty limited from now. And I think the synergy between Indofood and CMZ gonna take a while before we see the effect. Considering taking profits soon. What you guys think?   source: http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_2B4E0532BAA77D5248257B130023498D/$file/CMZ_ProposedSubscription_15Feb13_finalversion.pdf?openelement      |
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oldflyingfox
Master |
18-Feb-2013 21:53
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I guess the 1.344 was in RMB, has to convert the S$ first to calculate the PE.
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srichipan
Master |
18-Feb-2013 21:33
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how you get 1.344?
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nokolosti
Member |
18-Feb-2013 21:12
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I calculated p/e ratio for this is 0.8 is there a problem with my calculation? The Price is 1.2 and the EPS is 1.344.  Anyway i invested since 0.79 and happily sitting on it :P  |
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xing78
Elite |
18-Feb-2013 20:07
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i never cry... haha...
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oldflyingfox
Master |
18-Feb-2013 19:40
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If it could maintain above $1.175 for the next 2 days,  the next target will be at around $1.30 which we should see some profit taking. In a longer term, $1.50 is very possible. Huat lar...
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Peter_Pan
Supreme |
18-Feb-2013 17:56
Yells: "did you order dunkin' donuts" |
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ChinaMinzhong : Maintain Buy
Lim & Tan Securities |
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bishan22
Elite |
18-Feb-2013 16:46
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Little brother sinogrand oso moving swee swee. Huat arhhhhhhh.  | ||||
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Peter_Pan
Supreme |
18-Feb-2013 16:34
Yells: "did you order dunkin' donuts" |
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Tons of snake pear rolling in. Huat ah! | ||||
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Bopanha
Master |
18-Feb-2013 16:28
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Food counters still in demand.   CMZ can still climb lol. | ||||
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