+2.5 cents, now 69 cents. Short covering, probably. Being a sizeable stock, this fella is vulnerable to shorting via CFD or whatever. Today's recovery is on the back of the Dow rising 330 points and a general positive sentiment. If the S-chip has solid corporate governance, the accounts are real, then this is a bargain like never before at 69 cents. Just my 2 yuan's worth. Am vested
Positive news! Stock is up 4.5 cents >>> 76 cents.
China Minzhong has opened a new industrial park in China, which has around three times the company's current processing capacity. The firm also said it sees no slowdown in demand for
vegetables so far and expects its export order book to be higher in 2012 fiscal year compared with 2011 fiscal year
DMG's target multiple is so modest at 5x FY12F PER (old: 6x) -- how can a quality S-chip be valued at 5X?
DMG's target price is S$1.38 (old: S$1.68). Anyway, there is some way to go from the current 79 cents. Am I surprised at the sharp rebound today? lol [url=http://www.nextinsight.net
/story-archive-mainmenu-60/912-2011/4589-kian-ann-china-minzhong-]KIAN ANN, CHINA MINZHONG, REITS: What analysts now say....[/url]
Kim Eng Research today maintained its Buy rating and target price of $1.47, pegged at an
undemanding 6x FY Jun12F PER (in line with its historical mean).
