According to the following link, Hubei's Food and Drug Authority conducted random checks on 310 food items and found 11 of them not meeting the required standards.
One should note that the 11 that failed are listed in the first table under the headin不合格产品信息.
The second table 产品合格信息contains the 299 items that passed the tests, and loquat mango and ice loquat, produced by Garden Fresh, are serial numbers 268 and 268 respectively.
It would appear that some investors had erroneously concluded, from quick reading of the link, that Garden Fresh is facing product quality issues.
We have Analyze Now Regarding sino grandness
is that . . . .
SINO GRANDNESS- BULLISH REVERSAL TP 0.650 HAMMER SEEN ON CHART AT CLOSING , TOMOROW CAN SEE BIG MOVEMENT , RSI AT 27.96 . . .
It is known that there is a lot of Sino Grandness shares that have been loaned out by CDP and brokers -- obviously to short-sellers. Doesn't that mean that the sharp fall in share price in recent days is likely the work of shorties, riding on the negative sentiment created by the 2 days of selling by the Thais?
If the Thais do not sell anymore, sentiment will improve and the shorties will scramble to cover their positions.
EquityProfit analyze SINO Grandness is BULLISH-0.475 AT CMP . neans overall down or red alert ...
but but bounce back so keep Hold your position Now ..
Terrible stock price performance. The rights issue has further dampened investor enthusiasm. The company's submission to HKSE has lapsed and needs to be updated & re-submitted. How come the good news on IPO has yet to come? The rights issue will see CEO Huang paying S$23 million for his rights enttlement. Where he got so much money from?
Share price rebounded on Friday +4.5 cents to 38.5 cts. What happened? I speculate that the Thais could be buying (not necessarily reportable if friendly parties are also joining them in buying of late). I speculate could also be interested parties wanting to shore up investor sentiment so that the rights issue will be "successful". Anyone has other speculative theories?
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