China Minzhong

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12 years 9 months ago #7989 by yeng
Replied by yeng on topic Re:Re:China Minzhong
Vegetables growing v fast > added 3 cents now 93.5 cents. Will it see $1.00 soon?

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12 years 9 months ago - 12 years 9 months ago #7991 by yeng
Just announced today by Prudential Asset Mgt that it is no longe a Subst Shareholder of China Minzhong. This is a late announcement as Pru had sold 575,000 shares on 4 Jan and went below 5% stake.  Don't understand why Pru sold so cheap a price. Probably around 90- cents. This will cause anxiety in the market and the share overhang will not go away so soon.
Last edit: 12 years 9 months ago by yeng.

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12 years 9 months ago #7999 by MacGyver
Replied by MacGyver on topic Re:China Minzhong
Hi Yeh,
A quick look at the trading volume and patterns during the past week suggested a different story.
There are some big buyers coming in and the stock looks poised for another upside in Jan-Feb 2012.
I have bought some stocks purely on trading ideas.
Expect the unexpected.
 

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12 years 9 months ago #8267 by yeng
Replied by yeng on topic Re:China Minzhong
Last week, Macquarie report: We expect Minzhong to deliver revenue of Rmb837m and adjusted EPS of Rmb0.41 during the seasonally strong second quarter, representing 54% and 48% YoY growth, respectively.

Today, actual results: Only 19.4% and 11.8%, respectively, no wonder the stock is down 4.5 cents to $1.105.

Macquarie was tooooo optimistic.
Angmo doesn't mean zhun, ok.

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12 years 8 months ago #8363 by sunnyday520
Replied by sunnyday520 on topic Re:China Minzhong
CMIB raised china minzhong's target price to s$1.68 from s$1.43 and kept its outperform rating!!!

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12 years 8 months ago #8474 by Dongdaemun
Replied by Dongdaemun on topic Re:Re:China Minzhong
Target $1.68? So much higher than stock price now of only $1.015
[hr]
[sunnyday520 22-02-2012]:

CMIB raised china minzhong's target price to s$1.68 from s$1.43 and kept its outperform rating!!!

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