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China Minzhong Food forum
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Bintang
Elite |
16-Feb-2011 11:15
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If to measure from the openning gap to find today's TP , it would be $1.67 .
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Bintang
Elite |
16-Feb-2011 09:24
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ChinaMinzhng has made new high today , if the volume expands , then the uptrend would continue .
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enghou
Senior |
08-Feb-2011 16:43
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From DMG   Food crisis beneficiaries. Rising food prices is a theme which I have been talking about for quite a while. And it seems to be playing out with the UN Food and Agriculture Organisation Food Price Index on Thursday hitting the highest level since records began in 1990, surpassing the peak in 2008. The situation has in recent months been exacerbated by massive snowstorm in the US as well as floods in Australia and Southeast Asia. It has even resulted in social unrest in the Middle East and North Africa, with Tunisia’s president Zine El Abidine Ben Ali being toppled and Egypt’s leader Hosni Mubarak facing a similar threat. The rising food prices validate our positive views on agriculture plays, particularly upstream players like vegetable planter China Minzhong (BUY, TP S$1.78) and animal drug manufacturer China Animal Healthcare (BUY, TP S$0.48). On the flip side, we expect downstream food processors like coffee specialist Super Group (NEUTRAL, TP S$1.24) will see margin pressures with rising input costs. Life Is Great  |
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Bintang
Elite |
17-Jan-2011 22:07
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ChinaMinZhong has recently made new high with healthy volume , the weekly candle stick formed last week has set off previous week 's shooting star . DIs are positively placed while ADX is at 26 n is rising . Aroon indicator is also showing uptrend by positively crossing . RSI is at 75 n is still rising . It also broke the uptrend channel at $1.51 today n may reach $1.75 eventually . | ||||
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des_khor
Supreme |
07-Jan-2011 10:37
Yells: "Tell me who is the God or MFT from this forum??" |
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What happen ??? Down all the way ?? MFT TP $1.80 ??? Can make it or not ?? | ||||
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bsiong
Supreme |
29-Dec-2010 09:29
Yells: "The Greatest Wealth is Health" |
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China Minzhong Food Corporation Limited (the “Company") announced that the Company will increase its investment in the capital of its wholly-owned subsidiary, Sichuan Minzhong Organic Food Co., Ltd. (“Sichuan Minzhong”) from US$1,200,000 to US$1,700,000. Sichuan Minzhong focuses on cultivation and processing of mushroom and black fungus. Following the investment in the capital, the Company will continue to own 100% of the issue share capital of Sichuan Minzhong. /sgxmasnet/ |
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des_khor
Supreme |
29-Nov-2010 12:02
Yells: "Tell me who is the God or MFT from this forum??" |
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This one will orgasm again ..... | ||||
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des_khor
Supreme |
27-Nov-2010 23:33
Yells: "Tell me who is the God or MFT from this forum??" |
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Congrats !
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Hulumas
Supreme |
26-Nov-2010 20:08
Yells: "INVEST but not TRADE please!" |
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I hold so many lots already!
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des_khor
Supreme |
26-Nov-2010 16:28
Yells: "Tell me who is the God or MFT from this forum??" |
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I just ask my MFT friend and he said that uptrend still intake.... | ||||
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des_khor
Supreme |
26-Nov-2010 15:57
Yells: "Tell me who is the God or MFT from this forum??" |
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Don't know reversal down now ?? anyway already fill the gap at $1.30.... | ||||
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des_khor
Supreme |
25-Nov-2010 11:28
Yells: "Tell me who is the God or MFT from this forum??" |
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Don't know can orgasm over $1.40 ?? | ||||
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des_khor
Supreme |
24-Nov-2010 10:39
Yells: "Tell me who is the God or MFT from this forum??" |
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This one orgasm liao !! | ||||
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Belteshazzar
Veteran |
23-Nov-2010 08:37
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i c interest rate up, yuan up, CMZ down |
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bsiong
Supreme |
22-Nov-2010 21:19
Yells: "The Greatest Wealth is Health" |
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China Minzhong Food Corp (MINZ SP; S$1.27; TP S$1.65; Outperform). We believe the recent measures augur well for the integrated vegetable processor. The Chinese government is attempting to lower vegetable prices by boosting production. The increase in land supply for production bodes well for the company’s expansion plans, as it translates into cheaper land available for purchase. We believe any price control effects from production increase can only take place in the longer term, and China Minzhong will still be able to enjoy wide profit margins in the near term, in our view. /cimb i came i read i posted |
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alexchia01
Elite |
22-Nov-2010 13:04
Yells: "Catch The Stars And Ride With Them" |
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Today is still a Good Day to Buy ChinaMinzhong. Now trading at $1.27. Good luck.
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alexchia01
Elite |
19-Nov-2010 15:57
Yells: "Catch The Stars And Ride With Them" |
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Today is a Good Day to Buy ChinaMinzhong. Business: Integrated Vegetable Processing; Air-Drying, Freeze-Drying, Fresh-Packing and Brining of Processed Vegetables; In China. Now Trading at $1.26. 1. In an slight Uptrend Channel with Potential High of $1.45. 2. Just Bounded Off its Support Level of $1.23, a lot of Room for Upside. 3. Price below MA30, MA50 and moving upwards. 4. MACD Lines are about to Cross and Move upwards. 5. Stochastic already crossed and leaving the Oversold region. This is the best time to Buy. 6. This is a newly listed company. It’s still too early to determine financial performance of the company. 7. China Companies have just been beaten down badly due to China’s plan to control inflation. This temporary down slide make now a good time to Buy Good China Companies. Stop-Loss Below $1.23. Target Price: $1.45. More on my Blog at Alex Trades. This is just my personal analysis. You invest at your own risk. Good luck with your investing. |
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bsiong
Supreme |
19-Nov-2010 15:47
Yells: "The Greatest Wealth is Health" |
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China Minzhong: BUY; S$1.25; Bloomberg Code: MINZ SP Firing from all cylinders Price Target : 12-Month S$ 1.60 (Prev S$ 1.58) Any food price controls will have minimal impact 1Q11 earnings outperformed due to strong sales of high value processed vegetables Raised FY11/12 earnings by 10%/8% on increased cultivation land, processing capacity and higher value produce Maintain BUY, TP raised to S$1.60 Price control measures to have minimal impact on MINZ. Possible implementation of price controls for food items should have minimal impact on MINZ. Caps on producers’ prices may cause some margin pressure. However, MINZ's attractive overall gross margins (FY10 c.40% overall, 56% for fresh produce) would help buffer lower ASP. Higher-value produce to drive growth. 1Q11 results exceeded expectations with net profit rising 20% yoy to RMB52.4m supported by revenue growth of 18% to RMB264m. Processed vegetable revenue grew 33% to RMB112m due to increased production of higher value processed vegetables resulting in 52.5% increase in average selling prices. Increasing cultivation of organic vegetables will further boost ASPs in the future. Firing from all cylinders. Going forward, growth will be driven by increase in cultivation land areas (planned rise of 90,000 mu over the next three years), higher processing capacity and cultivation of higher value processed vegetables. For 2Q11, it has added 8300 mu to cultivation land and will expand its freeze drying processing capacity for black fungus. Raised earnings estimates and TP to S$1.60. Given MINZ’s positive outlook, we have raised FY11/FY12 revenue projections by 11% and 9.5% and earnings by 10% and 8%, respectively. Hence, we raised our target price to S$1.60 based on 10.3x FY11F PE in comparison to our peer average of 14.1x FY11F PE. Maintain Buy. //DBSV |
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enghou
Senior |
16-Nov-2010 21:29
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China Minzhong Food Corp - 1Q11 results - Fuelled by higher ASP In line, maintain Outperform. 1Q11 core net profit of Rmb52m (+36% yoy) was in-line with our expectations, forming 11% of our FY11 core estimates and consensus. 1Q is seasonally weakest, contributing to approximately 15% of annual sales. The strong profit growth was fuelled by the 18% yoy jump in revenue, underpinned by higher ASP. EPS estimates remain intact. We expect the earnings momentum to continue as the shift towards higher-value product accelerates, existing cultivation land matures, and production from newly-acquired land commences production. Target price lifted to S$1.65, based on 6.3x CY12 P/E, a 10% premium to HK and Singapore peer average (from S$1.52, based on 7.5x Cy11P/E, based on HK and Singapore peer average). We price Minzhong at a premium due to its stronger earnings growth momentum. Catalysts include further sets of good results. 18% yoy sales growth to Rmb264m fuelled by a 16% yoy increase in overall ASP to Rmb3.8K/tonne underpinned by a 53% jump in processed vegetable ASP to Rmb11.2K/tonne as the company reaped the benefits from the strategy to shift towards higher-value products, and a 5% increase in the ASP for fresh vegetables to Rmb2.6K/tonne. Sales volume inched up 2% yoy to 69K tonnes as the 5% yoy increase in fresh vegetables sales volume to 59K tonnes more than offset the 13% yoy decline in processed vegetable sales volume to 10K tonnes. Gross profit rose 30% yoy to Rmb87m on the back of higher revenue and wider gross margins. Overall gross margin widened by 2.8% to 33% due to the shift to higher-value, higher-margin products and greater economies of scale. Gross margin for processed vegetables grew to 31% from 26% a year ago, while gross margin for fresh vegetables rose to 35% from 33% a year ago. Core net margin, which excludes biological asset gain/loss, widened to 20% from 17% in 1Q10. Expansion plans. Management has entered into agreements to utilise approximately S$63m of the IPO proceeds (of S$135.5m) to expand and improve cultivation land in Fujian and construct a new processing facility in Sichuan, and utilised S$27m for working capital. The company also reported that it reaped its first significant harvest of organic vegetables in Oct, and has begun selling them to 2 major supermarkets in Fujian. |
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des_khor
Supreme |
04-Nov-2010 10:38
Yells: "Tell me who is the God or MFT from this forum??" |
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What happen ?? | ||||
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