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China Minzhong Food forum
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notmybiz
Member |
21-Nov-2013 14:42
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Thk U Uncle Salim (Ah Kong) for your kind generosity once again! Everyone huat arh!!  | ||||
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vincente
Senior |
21-Nov-2013 10:31
Yells: "hope for the best" |
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Those infamous promoters all keeping quiet now.
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ZeeZee
Member |
21-Nov-2013 10:28
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Possibly some panic selling from the fall in profits which shouldn't be a worry since it was compared to last year's quarter which was higher than usual due to delayed harvests.  Fall in price from the panic sell was exacerbated due to low free float in the market.
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oldflyingfox
Master |
21-Nov-2013 10:24
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There should  be not much sellers now, those who wanted to sell should had already sold to Indo at a much higher price. Interesting to see the sell down last week. | ||||
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Peter_Pan
Supreme |
21-Nov-2013 00:20
Yells: "did you order dunkin' donuts" |
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chinaminzhong kiam chai char roti | ||||
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notmybiz
Member |
20-Nov-2013 23:22
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Ah Kong bought 95% of Minzhong @ 1.12 last month nia. Now generously giving away at discount to maintain 10% market float. 1st come 1st serve while stock last hor (before price creep back to 1.12). Thk U Uncle Salim for giving us angbao again! |
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notmybiz
Member |
20-Nov-2013 20:32
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Ah kong distributes ang bao again $$$...huat arhh...thank U Uncle Salim for your generosity! | ||||
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rukawamvp
Member |
20-Nov-2013 17:08
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Apart from fundamental analysis, most of the current shareholders are those who held onto the stock believing that the it is worth more than PT indofood offer price. The recent sell down is probably due to low liquidity of the stock and this in turns causes panic amongst shareholders. Sentiments should picked up once a support is found which is around the current level |
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rukawamvp
Member |
20-Nov-2013 17:03
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Actual decrease in profits is actually 20% and not 80% if not for one time expenses of advertising and legal fees. Decrease in earnings is in line with the higher labour and raw material cost across industry. you can see a similar decrease for Yamada Green.   Valuation at 0.84 is assuming the worst. Without taking into account the growth due to expansion in facilities and the new synergy brought about in indofood. The stock is easily worth $1.10.  Granted that there might be fraud risk, however in my opinion it is minimal due to the following reasons 1) Temasek and PT indofood has done their due dilligence on CMZ 2) Lin Guo Rong has shown positive signalling over the years  3) CMZ openly invites analyst to their plants. 4) dividend was given out  |
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oldflyingfox
Master |
30-Oct-2013 10:48
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Very likely will be delisted, if so, Indo will make the same offer again to don't have not accepted yet.
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Octavia
Elite |
30-Oct-2013 09:30
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China Minzhong released 1Q14 results which were below estimates, with net profit at Rmb 48.4m (-89% y/y) and revenue coming in at Rmb 637.8m (+4%). | ||||
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ZeeZee
Member |
28-Oct-2013 19:36
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Anyone been to the AGM?  |
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zacaroo
Member |
26-Oct-2013 14:34
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For those who accepted the offer, when will we get the payment ah? | ||||
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aaronlow
Member |
19-Oct-2013 09:10
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Halo, indofood has purchased nearly 90% of total share, is this very bad scenario for small shareholder, can any1 help to explain n give some advice? | ||||
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zunnie
Member |
15-Oct-2013 17:14
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Hey zacaroo, I also bought at around $1.18. My stock broker said if the takeover is successful, they will send another round of letters to offer to buy our shares again. Hence can adopt a wait and see stance first. | ||||
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zacaroo
Member |
12-Oct-2013 02:17
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did everyone take up Indofood's offer? my avg price is 1.18:( if I decide to take up I just have to fill up the green form right? sorry my first time haha |
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GorgeousOng
Elite |
10-Sep-2013 08:58
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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I am contented with what has given to me.... Will leave the profit to the rest.... Huat Arh!!!
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bishan22
Elite |
10-Sep-2013 08:46
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Upgraded by Moody's. Grren shoots coming up. Good luck. | ||||
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GorgeousOng
Elite |
10-Sep-2013 07:26
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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Thank you to Salim group.....your generous offer of $1.12 . Many of us have blessed by you!!! May God continue to bless Salim Gruop abundantly !!! Cheers!!!! This morning ....going through all my counters, I have removed CMZ from my watch list. May peace be with you!!! Shalom!! |
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warrenbegger
Elite |
06-Sep-2013 23:14
Yells: "Anyhow Buy Anyhow Die ^_^" |
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This is a Present to our beloved Shortist, LOL!!!    :)  http://www.channelnewsasia.com/news/business/tough-talk-on-short/804628.html SINGAPORE: Calls for financial market regulators to tighten up short selling rules have not fallen on deaf ears. The Singapore Exchange (SGX) said it will consider carefully the proposal by the Securities Investors Association of Singapore (SIAS). Responding to a query from Channel NewsAsia, SGX said it " will consider carefully the proposal from SIAS to the Exchange" .  
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