China Minzhong   

China Minzhong Food forum

was looking at the trading pattern this morning. seems like someone is shorting. 

anyway I'm waiting for a good price to enter 

teobl9      ( Date: 03-May-2013 09:39) Posted: I sent an email to the Investor Relation Manager of CMZ yesterday and received his reply on the same night. Here is a brief extract from the email.  Concerning about the falling price, he informed that the company is not awared of the reason but the operation is running smoothly and is not affected by the recent Sichuan earthquake nor the ongoing H7N9 bird flu. He also assured that the soon release 3rd quarter financial report  will shedding more light on their recent development.

 

I sent an email to the Investor Relation Manager of CMZ yesterday and received his reply on the same night.

Here is a brief extract from the email.  Concerning about the falling price, he informed that the company is not awared of the reason but the operation is running smoothly and is not affected by the recent Sichuan earthquake nor the ongoing H7N9 bird flu.

He also assured that the soon release 3rd quarter financial report  will shedding more light on their recent development.

 

Hello123, your prediction is damn choon for the past! I think you must be the punter cum shortist right?!

hello123      ( Date: 02-May-2013 16:14) Posted: looks like CMZ   heading towards 91   ....   for more details see my cmz chart tq    hello123      ( Date: 22-Apr-2013 01:02) Posted: those who bought   China Minzhong at 101-102 recently may wanna take profit as CMZ may well execute its next down leg to 91

 

Next support lines are  $0.97 & $0.89 

 

looks like CMZ   heading towards 91   ....  

for more details see my cmz chart tq 

 

hello123      ( Date: 22-Apr-2013 01:02) Posted: those who bought   China Minzhong at 101-102 recently may wanna take profit as CMZ may well execute its next down leg to 91   hello123      ( Date: 19-Apr-2013 16:15) Posted: china minzhong did bounce off 101-102 as predicted .. now 105   , may go 107-9 . for more details see my cmz chart

 

Support broken..

Peter_Pan      ( Date: 08-Apr-2013 10:09) Posted: Hmm... Peter_Pan      ( Date: 14-Mar-2013 19:22) Posted: Next support around $1.04 - $1.00 which happens to coincide with the gap created on 18/02/2013, if the rebound fails.

 

Downtrending..

gd luck dyodd

ozone2002      ( Date: 26-Apr-2013 09:23) Posted: based on TA it's in a clear down trend.. have to wait it out for signs of a reversal before opening long positions again.. gd luck dyodd

 

13may before trading hours. Hope can drop more. I'll buy next week

teobl9      ( Date: 02-May-2013 14:53) Posted: Quarterly report out soon, good time to enter at current level!

 

Quarterly report out soon, good time to enter at current level!

 

1.02 is the resistance..

 

based on TA it's in a clear down trend.. have to wait it out for signs of a reversal before

opening long positions again..

gd luck dyodd

 

70c range would be a good buy.

 

I have added this in my watch list. Let's see how low it can go down. Happy waiting to all!

 

I think what is Indofood plan on CMZ will be a big factor to consider, now just watch the correction till it ends.

 

This business is so unpredictable. Vegetables only account for 10% of the selling cost in cities, the remainder of cost is due to tariffs, taxes, transport , labour, rental and markups . when the stock collapse earlier , the cashflow dried up on losses and mgmt sold some stake , now its fantastic. It could be good weather or harvest that props up the cashflow , outsiders would not know. Temasek had divested its stake i believe, so i hardly think transient PE results can be a reliable basis to determine cheapness. The longer term outlook is unpredictable but there are no doubt synergies for indofood to derive from cmz logistics.Only thing is its not worth 2x the bottom price for abit of synergy benefits.

 

Hahaaa! I love it "we become smarter than indo to buy at a cheaper rage...."....so we have to start to send our troop to the battlefield soon...:))))

FearValueGreed      ( Date: 25-Apr-2013 23:18) Posted: Never expect to come so low after I switch to innopac as my vanguard Anything below 90cents would be a catch. As we become smarter than indo to buy at a cheaper rage than them

 

Never expect to come so low after I switch to innopac as my vanguard

Anything below 90cents would be a catch. As we become smarter than indo to buy at a cheaper rage than them

 

ChinaMinzhong  (K2N) has an ongling P/E of 4.74, which indicates that it is undervalued.   At present,   the price has been showing support around 0.965 and resistance in the 1.153 price range.     http://sgx.stoxline.com/quote.php?s=k2n   

 

China Minzhong did crashed today as predicted on 22 apr   when it was 105 ( lowest point today at 96.5).. 

for more details   see my china minzhong chart 

hello123      ( Date: 22-Apr-2013 01:02) Posted: those who bought   China Minzhong at 101-102 recently may wanna take profit as CMZ may well execute its next down leg to 91   hello123      ( Date: 19-Apr-2013 16:15) Posted: china minzhong did bounce off 101-102 as predicted .. now 105   , may go 107-9 . for more details see my cmz chart

 

for those buying based on FA, cheaper prices always will be better..

the lower it goes the more you are able to buy.. fundamentals of a company doesn't change overnight

TA wise, cut loss is usually pegged at 3-5% of buy price..

this is also based on a trader's preference..

gd luck dyodd