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China Minzhong Food forum
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cashiertan
Elite |
28-Aug-2012 09:49
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do your own research. remember BB have ppl here to spread the news in their favour. | ||||
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sgnewbie
Master |
28-Aug-2012 09:40
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http://sgxreports.blogspot.sg/2012/08/china-minzhong_28.html | ||||
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JustinQuek
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28-Aug-2012 09:37
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Current price is being pushed down by huge shortists.Once they cover it will jump very fast
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bishan22
Elite |
28-Aug-2012 09:13
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Dont believe what these report says. Look at the current price. Can die oni. 
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BellaVida
Member |
28-Aug-2012 09:04
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What’s cooking China Minzhong: First Dividends Payout Since IPO? Buy TP SGD1.16 MINZ SP | Mkt Cap USD318.5m | ADTV USD4.0m Ø Minzhong announced its FY6/12 results on 27 Aug, which is better than expected. Full year revenue came in at RMB2.6b, up 33.2% yoy while net profit grew by 19.9% yoy to RMB679.6m. We hold our positive view on the company and BUY recommendation with target price of SGD1.16. Ø Sharp increase in account receivables was a concern before the results. However the situation is better than expected. We don’t think there is any material default risk related with account receivables. Ø We expect to see the first positive free cash flow in three years. The first dividends payout since IPO is also possible this year. Click here for full report weibin@maybank-ke.com.sg |
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angmohlin
Member |
27-Aug-2012 21:40
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This counter no dividend given since listed in Apr 2010. 凶 多 吉 少 。 Luckily my firend & I have sold off recently.   Good luck. | ||||
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JustinQuek
Veteran |
27-Aug-2012 16:29
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yea so dissapointed. sigh ...
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bishan22
Elite |
27-Aug-2012 15:41
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Gostan liao.Not vested. 
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JustinQuek
Veteran |
27-Aug-2012 14:22
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I must admit im suprised it didnt continue moving upwards to a dollar Likely to move upwards after analysts upgrade:)   Buy now later will move upwards from 0.75 to 0.77 at least
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isaacsgx
Member |
27-Aug-2012 12:50
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The way I look at it is with the quite small cash position, no dividend will be paid out. The cash will be used for expansion.  Having said that, I think a rights issues is more probable! | ||||
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commando
Veteran |
27-Aug-2012 11:50
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Any idea why no div? remind me of Hong Fok...make lots of money but no div...  | ||||
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PigIsOut
Member |
27-Aug-2012 11:24
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I think this is one major factor why price is not going up despite  strong  financials. And I think the good results had already been factored in - so  further upside quite limited based on results alone. Need more  steer from the environment. 
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angmohlin
Member |
27-Aug-2012 10:28
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Porfitable company but no dividend again. | ||||
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JustinQuek
Veteran |
27-Aug-2012 09:41
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Sell down not justified. . Work of shortists. At 0.755 its a steal . 95 percent chance will rebound later
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JustinQuek
Veteran |
27-Aug-2012 07:43
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  Check China Minzhong Results Release...   4QFY12 net profit rose 76.4% !
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JustinQuek
Veteran |
27-Aug-2012 00:05
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Not good at charting.FIND it unreliable and BBs always use it to play with people who use charts.More dependent on financial information. Yes , im confident of it reaching 1 dollar in a week/month time. .and i will just give you some of my analysis before the results.But its my opinion and calculations only and is subjected to risks. Contrary to what many say that Minzhong will report bad results. I believe that Minzhong will report Pretty decent set of results in time to come and also in 4q(shown below) as investments take time to reap returns..Testing the possibility of issuing an unexpected dividend   The Pre-analysis of yet to release 4q results Positive
Negative
  My Thoughts Just buy some first. average down or up every 10 bids .Most importantly be patient. Its PE is really low which is very good. and NAV is way over High . And i like the financial information it provides due to strong transparency.
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tea444u
Master |
26-Aug-2012 23:47
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hi Justin...i am interested in getting som but are you quite confident of it reaching ard a dolla in a months time? chartwise?? thanks for sharing...
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angmohlin
Member |
26-Aug-2012 16:10
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Let's see full year result by tomorrow morning. Definitely  not better than last year. | ||||
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cashiertan
Elite |
24-Aug-2012 10:39
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dun trust china company reports so easily. rememeber how many shady accounts they have given us in sgx. trust the charts not the reports for china B or C grade stocks. A grade china stocks are in HK and US. Singapore takes the trash company like the FT in singapore  | ||||
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JustinQuek
Veteran |
24-Aug-2012 09:52
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i just did my research on minzhong   very low debt High profits every reporting High NAV more than 1 dollar Have powerful stakeholders. Target price by most big fund houses is 1.50++ and above very transparent in its annual reports.Farms can see touch and got analysts personally go there   My thinking is that since it breakout and now consolidation . Its a very  good opportunity to enter cause it can go above 1 dollar very easily.Probability is about 75 % in 1 month time |
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