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me lor 
teobl9 ( Date: 18-Feb-2013 14:28) Posted:
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bro, hit liao!
oldflyingfox ( Date: 18-Feb-2013 14:00) Posted:
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Maybank Kim Eng said Indofood may acquire more shares in China Minzhong, and a privatisation offer in future is possible.
“We continue to like China Minzhong for its prosperous growth outlook and undemanding valuation. Better use of the
proceeds from the placement would be a catalyst for the stock,” the broker said, raising its target price to $1.36 from S$1.16 and maintained ’buy’.
“We continue to like China Minzhong for its prosperous growth outlook and undemanding valuation. Better use of the
proceeds from the placement would be a catalyst for the stock,” the broker said, raising its target price to $1.36 from S$1.16 and maintained ’buy’.
恭 喜 恭 喜
Huat la. Huat la huat la.
Ah huat bai ka fei... :)
Bee Tang
Enjoy...
Huat ah! Those wait for the price retreat to 90 cts cry w/o tear now!!!
Will it able to break the 2012 high of $1.175? This will be an important moment, break or come down... time to watch closely.
Riding high on the cny rally and china wave 2.0
Indofood buys 15 pct stake in China agriculture firm
PT Indofood Sukses Makmur Tbk, the world's biggest
instant noodle maker, is buying 14.9 percent stake in
China-based fresh vegetable processor China Minzhong Food
Corporation Limited, it said in a filing to the
Indonesian stock exchange on Monday.
Indofood will buy 98 million shares of Singapore-listed
Minzhong Food for S$89.67 million ($72.45 million) through right
issuance. The share price transaction was at 9.9 percent
discount to Thursday's closing price.
" Looking at the company more detail, MINZ is a prominent
player in the vegetable process industry in China integrated
from up to downstream. MINZ has a various range of product
portfolio from processed to fresh vegetables distributed for
both domestic and export," Jakarta-based Mandiri Sekuritas
analyst Octavius Prakarsa said in a note on Monday.
" Yet, the acquisition may lift market confidence in the INDF
outlook as such acquisition shows INDF's continuing commitment
in its growth onward."
PT Indofood Sukses Makmur Tbk
instant noodle maker, is buying 14.9 percent stake in
China-based fresh vegetable processor China Minzhong Food
Corporation Limited
Indonesian stock exchange on Monday.
Indofood will buy 98 million shares of Singapore-listed
Minzhong Food for S$89.67 million ($72.45 million) through right
issuance. The share price transaction was at 9.9 percent
discount to Thursday's closing price.
" Looking at the company more detail, MINZ is a prominent
player in the vegetable process industry in China integrated
from up to downstream. MINZ has a various range of product
portfolio from processed to fresh vegetables distributed for
both domestic and export," Jakarta-based Mandiri Sekuritas
analyst Octavius Prakarsa said in a note on Monday.
" Yet, the acquisition may lift market confidence in the INDF
outlook as such acquisition shows INDF's continuing commitment
in its growth onward."
China Minzhong Alliance With Indofood
Indofood comes! China Minzhong announced issue of 98m new shares by way of private placement to Indofood Sukses Makmur Tbk, a leading Indonesian packaged food producer, at SGD0.915 per share. The new shares will represent 14.95% of total shares outstanding following the placement. Upon the completion of the deal, Indofood will surpass GIC becoming the biggest shareholder of Minzhong. The alliance with Indofood should benefit Minzhong. Indofood is a leading packaged food producer in Indonesia. With the support from this strategic shareholder, Minzhong could not only expand its revenue by supplying raw materials to Indofood, but also leverage on Indofood’s distribution network to march into fast-growing Southeast Asia market. Upgrade earnings forecast. We raise our revenue and net profit forecast for the next three years on the back of the potential synergies generated from the deal. Despite the dilution in EPS due to the enlarged share base, we believe China Minzhong can leverage on Indofood’s strength and experiences to accelerate its growth thus offset the dilution effect and protect minority shareholders’ interest. 15% control might not be the end of the story. Indofood’s acuqitision track records shows that it usually prefers to controlling the majority of the targeted companies. Thus we suspect that 15% stake in China Minzhong is probably not the end for Indofood. In our view it is highly possible that in the future Indofood will acquire more shares in open market or from other big shareholders such as GIC through another placement. We even cannot rule out the possibility of a privatisation offer by Indofood some day in the future. Maintain BUY and raise TP. We continue to like China Minzhong for its prosperous growth outlook and undemanding valuation. Better use of the proceeds from the placement would be a catalyst for the stock. We still believe some dividends payment in FY13 is possible. At current low PE multiple, even a small payout ratio could give an attractive dividends yield.
Maintain BUY with target price SGD1.36, pegged to 5x FY6/14 PER.
Maybank Kim Eng Research
Shoot thr the roof today. Huat to all vested. 
bishan22 ( Date: 13-Feb-2013 15:59) Posted:
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ChinaMinzhong: Alliance With Indofood Buy TP $1.36 - Maybank Kim Eng
Wow... BBs very power, it will last for a few days. >
Pre opening is flying. Good luck. Buy buy buy.
Personally feel positive abt the synergy btw cmz n indo, tmr up or down is still a buy....
agree tht tmr will be confusing up and down. but any dip to ~.9 is a buy to me.
oldflyingfox ( Date: 17-Feb-2013 14:33) Posted:
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will it react like JB Food? But I think tomrrow trading will be a confusing between up & down.
acquisition from Indo food is definitely a welcome sign..
CMZ is still cheap @ PE4x..
any dip represents an opportunity to go long..
gd luck dyodd