China Minzhong

Alreadi surpassed 70c. This stock is easily a 85c bagger, the price where many funds invested. Good luck to all

Imagine the fierce panic to escape from $1.00 level, all the way to sub-60 c.
Why suddenly the panic buying all the way to 72.5 cents currently?
Seems like a lot of irrational sentiment involved.

Already there are signs that the Chinese government knows its stock market is undervalued and is trying to introduce measures to boost the market including raising the limit on foreign investment, which may one day be lifted substantially or even altogether, which will surely trigger a huge bull market in Chinese stocks. 
If and when Xi Jinping replaces Hu Jingtao, expect a lot more pro-business, pro-growth, pro-stock market policies. 2 reasons for this.
Firstly Xi Jinping is replacing Hu Jingtao. This is a once a decade event, a very big deal in China. The CCP will do all it can to put Xi Jinping in a good light, and what better way than to give the economy a new surge to life with pro-growth policies. 
Secondly while Hu Jingtao used to be governor of Tibet, a province mired in political controversies with little emphasis on economic growth, Xi Jinping by comparison was governor of Fujian, an economically successful and thriving coastal Chinese province that has been experiencing many years of rapid growth.
This also means that while Hu was and is big on politics and diplomacy, Xi Jinping is big on economic growth and pro-business policies. The next decade may well see China genuinely fully open up its markets to the rest of the world and when this happens, you just watch the Shanghai Composite...
People like to compare China to Japan, saying that its reached its peak and crashed. They forget that although China is the 2nd largest economy, its GDP per capita is still about 1/8th that of Japan and 1/10th that of USA. The room for growth is absolutely immense. 
Of course it will take time for the bull to come back to China, first and foremost the world has to deal with debt problems in Europe. 
Patience is key. 

Macquarie has 1.40 target. Stock got sold down on bad sentiment in sector and a bit of a slow previous quarter, but by far the best managed in its sector and worth north of 2.00 in better times. Cuurently on 0.5x PBV and 3x forward earnings.

There is a strong hint of dividend coming in the current year.

Even without that, the metrics strong indicate a stock with deep value. Just my 2 yuan worth. Stock is now going up, at 74.5 cents.

Macquarie's target of S$1.40 is incredible! They sure have done their homework thoroughly or they are are going to get mud on their face. The stock has recovered from the 60-level but it's still a long way fr $1.40.

Now only 77 cents but firm.
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[ChinaHarry 23-08-2012]:

Macquarie has 1.40 target. Stock got sold down on bad sentiment in sector and a bit of a slow previous quarter, but by far the best managed in its sector and worth north of 2.00 in better times. Cuurently on 0.5x PBV and 3x forward earnings.