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1821-1840 of 2490
really hope this is defensive play and wont go down from now on...really hope i dont die with this stock..
everytime i buy this one it drops... haizzzzzzz...
i read the chart, i can see the 200MA that u mentioned.
i think cmz not those chiong fast 1.. slowly crawling..
regretted didnt enter @ 0.78.
oppa49 ( Date: 16-Nov-2012 15:09) Posted:
got to watch the market depth. 79/79.5 buyers are stacking and not many sellers above 80. Watch 80 ... if it starts to thin out fast, worth a try at 80. But nothing is guaranteed. 200MA is now at 79 which could be the new support.
xin9999 ( Date: 16-Nov-2012 14:45) Posted:
| congrats oppa.. i am not vested. Im sure u r vested ya, so was that too late to enter now? lo |
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got to watch the market depth. 79/79.5 buyers are stacking and not many sellers above 80. Watch 80 ... if it starts to thin out fast, worth a try at 80. But nothing is guaranteed. 200MA is now at 79 which could be the new support.
xin9999 ( Date: 16-Nov-2012 14:45) Posted:
congrats oppa.. i am not vested. Im sure u r vested ya, so was that too late to enter now? lol
oppa49 ( Date: 16-Nov-2012 14:33) Posted:
oppa oppa MinZhong style .......
from chart, if chinaminzhong close 79.5 or above is a confirmed reversal sign as it breaks the short-term downtrend channel at 79. |
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congrats oppa.. i am not vested. Im sure u r vested ya, so was that too late to enter now? lol
oppa49 ( Date: 16-Nov-2012 14:33) Posted:
oppa oppa MinZhong style .......
from chart, if chinaminzhong close 79.5 or above is a confirmed reversal sign as it breaks the short-term downtrend channel at 79.
xin9999 ( Date: 15-Nov-2012 16:08) Posted:
| dude,agree on your first statement. but for your 2nd statement, i wondering if it could break that, as the market condition now is really so bad! i hope the market can recover after obama meeting on friday..
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oppa oppa MinZhong style .......
from chart, if chinaminzhong close 79.5 or above is a confirmed reversal sign as it breaks the short-term downtrend channel at 79.
xin9999 ( Date: 15-Nov-2012 16:08) Posted:
dude,agree on your first statement. but for your 2nd statement, i wondering if it could break that, as the market condition now is really so bad! i hope the market can recover after obama meeting on friday..
oppa49 ( Date: 15-Nov-2012 15:53) Posted:
| impressive counter ..... when the whole market is sold down, it runs up instead.... strong ..... now 78.5 is the wall... if cleared will see 80c range again and confirmed the reversal. |
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ya. thanks for your advice. will take profits soon
It's good to be happy, but don't cloud your decision. This could be deserve rally. When the time comes, make decisive decision. Don't turn profit into losing position!
wah congrats congrats..... i go n read at one gamblers forum ..there experts say cannot go up and will go to 56 cents like dat..so i din buy...now i know what experts are all about!!
0.8 liao. so happy. haha
Food industry still safer den o&g, property, banks. Cheong ahhh.
come on. hit above 0.795 and chiong upwards!
Strong profit growth. Minzhong announced its 1QFY6/13 results yesterday. 1Q revenue increased by 70% yoy to RMB613.4m and net profit increased by 31% yoy to RMB121.6m, in line with our expectation. Strong yoy growth was mainly due to the low base of last year. Considering 1Q is normally Minzhong’s trough season, we should be able to see higher earnings delivery in the coming quarters. Maintain BUY and target price SGD1.16.
The growth is driven by new export customers and sales spillover due to the delay in mushroom harvesting season from last year. Cultivation business registered 27% growth in revenue but a slight decline in gross profit.
Expanding new revenue sources. 1Q profit growth was mainly driven by higher volume as Minzhong expanded its revenue sources. It secured new export customers in Japan and Taiwan for its processed vegetable in this quarter. It also achieved surprising growth (more than 400% yoy) in its own-branded beverage sales. Going forward, we expect cost pressure will still weigh on gross margin, but volume growth would support the profit growth.
Better cash collection, stronger balance sheet. We saw significant improvement in Minzhong’s cash collection in recent two quarters. In 1Q, trade receivables decreased to RMB894m from RMB967m last quarter. In fact, 70% of trade receivables by the end of last quarter were collected back. The quality of receivables remains healthy and we believe the customer default risk for Minzhong is minimal. Better cash collection resulted in stronger balance sheet. In this quarter, Minzhong’s cash balance increased to RMB324m from only RMB66m last quarter.
Reiterate BUY. We believe Minzhong’s share price is deeply undervalued at current 2.86x FY13 PER. We are confident Minzhong’s free cash flow will turn positive this year and the stronger balance sheet makes some dividends payment or share buyback possible. Re-rating can be expected if such practices materialize.
exactly ...just a lot of drama ni....hope all longists keep profitable...
srichipan ( Date: 15-Nov-2012 17:11) Posted:
| obama and the white house won't want the market to crash |
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obama and the white house won't want the market to crash
can one. one more hurdle to go nia. last line of defence already.
some forum anyhow say this one going to 59 cents.... pui them
dude,agree on your first statement. but for your 2nd statement, i wondering if it could break that, as the market condition now is really so bad! i hope the market can recover after obama meeting on friday..
oppa49 ( Date: 15-Nov-2012 15:53) Posted:
| impressive counter ..... when the whole market is sold down, it runs up instead.... strong ..... now 78.5 is the wall... if cleared will see 80c range again and confirmed the reversal. |
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impressive counter ..... when the whole market is sold down, it runs up instead.... strong ..... now 78.5 is the wall... if cleared will see 80c range again and confirmed the reversal.
yeah. slowly gain.
