China Minzhong

There are two agri stocks in HK that are burnt because of accounting problems. This is affecting Minzhong's image too, even though Minzhong may be clean.
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[Invester 15-07-2012]:

Strongly believe that CMZ should be rebounding anytime soon.

most s-chips with bad corporate governance have already been flushed out. Maybe there could be one or two left but hte chance shd be low from here. That's why many s-chips start to form a strong base and i am sure some smart money start to accumulate them. China Minzhong, Dukang, Foreland and qingmei shd be worth the while to take a bet.

Agreed. I believe we shouldn't let past bad experience deter us. Although i think it might take awhile before investers regain their confidence in such counters especially with the current slowdown in China.
 

中国闽中有机食品(新加坡)有限公司生产的，2011年12月25日批次闽中红烧牛肉面，酸价超标
news.xinhuanet.com/food/2012-07/13/c_123410742.htm

These guys went to China Minzhong and wrote an in-depth report, worth reading if you are thinking if this is a greatly undervalued stock.

The link is : www.remisiers.org/cms_images/research/Ju...hong23072012cimb.pdf

Maybank KE analysts also went on the same trip:

We reiterate our BUY call with an unchanged target price of SGD1.16 after the company visit. The risk-reward profile of Minzhong is very attractive now, we believe. In our view, moving
towards industrialised farming will not only see Minzhong gain an edge over its competitors but also somewhat ease investor concerns on corporate governance issues surrounding the whole S-chips sector.