why china minzhong drop until 69 cts?

Other much more lousy earnings S-CHIPS such as cosco and yanlord(poor property outlook this year) their share prices also much higher than their 52 week low but this China Minzhong is now below 70 cts very near to it's all-time low of 66.5 cts. 52-week is $1.81
Heard templeton and another fund increased their stakes in this CMZ last mth, is it?
 
any views?

9 Research houses covered this counter. DBS gives a tp of 145cts and Macquarie gives 235cts. nbv=120cts, eps(9m)=24cts, current price @61.5cts means pe=2.6 only and pb=51%, it is very cheap. So it is right time to pick up some. Please do your homework and good luck.
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[hisey 15-05-2012]:

Other much more lousy earnings S-CHIPS such as cosco and yanlord(poor property outlook this year) their share prices also much higher than their 52 week low but this China Minzhong is now below 70 cts very near to it's all-time low of 66.5 cts. 52-week is $1.81
Heard templeton and another fund increased their stakes in this CMZ last mth, is it?
 
any views?

1stly, So do u know is there any hse that give a sell call for CMZ??
2ndly, what's the probability that this CMZ may have accounting problems issue??
Shocking, today fell another 7.5 cts to 61.5 cts.
Many people say CMZ and YZJ are the 2 best S-CHIPs listed here, so why CMZ crashed so badly these few days when other much lousier earnings S-chips's share prices were much more reslient??
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[hisey 15-05-2012]:

Other much more lousy earnings S-CHIPS such as cosco and yanlord(poor property outlook this year) their share prices also much higher than their 52 week low but this China Minzhong is now below 70 cts very near to it's all-time low of 66.5 cts. 52-week is $1.81
Heard templeton and another fund increased their stakes in this CMZ last mth, is it?
 
any views?

There could be short-selling. It's a disease that suddenly hits a stock when the short-sellers gang up.

See the IR contact of China Minzhong below. We should call him and ask him to hold quarterly investors meetings and increase the investor communications Public and Investor Relations Mr. Dave Tan Investor Relations Manager China Minzhong Food Corporation Limited Tel: +65 6346 7506 Mobile: +65 9839 0350 Email: dave@chinaminzhong.com

Got funds buying more? Looks more like funds are running away from this stock