I will advise that you do your own due diligence and not rely solely on research report - especially its target price. It's by no means the fair value of the company!
Just do a simple back test for any company research report. Target price is mainly a lagging indicator of any corporate news or earnings result. It can go up and down as unpredictably as the market. Worse, it adds on to your anchoring bias when you see a higher TP during a stock rally.
I have done my own research on CMZ. You can access it on my website:
thevaluethought.wordpress.com/2011/12/28...a-minzhong-research/
Bear in note the date published, so it's not exactly up-to-date but still, it's an adequate summary fo the company's business.
CMZ's recent slight plunge is probably due to the revised 7.5% forecast of China's economy.
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[ben1 07-03-2012]:
I currently hold 10 lots of china minzhong at average $1.05. paid-up
1)Do you guys think I should cut loss at current price?
2)or should I hold till Next year CNY? Do u guys think there will be good upside if hold for 1 yr?
3))Or should I buy more CMZ to average down?
4)Does anyone know Is there any brokerage that gave a sell call on CMZ? If have, what sell tp they gave? Becos up till now seems all the coverage on this stock is all BUY.
Can someone kindly give some constructive views on my above queries?
I dont have a broker to ask.
My profile, I hold Midas, China Minzhong, Keppel Corp, Lippomall and M1, all fully-paid , my bank account that is GIRO-linked to my trading account is now left exactly $58,910