tag:blogger.com,1999:blog-7944902213075756335.post1451312599934982691..comments2024-03-28T23:00:40.055+08:00Comments on A Singaporean Stocks Investor (ASSI): China Minzhong: Pushing higher.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger18125tag:blogger.com,1999:blog-7944902213075756335.post-28819478691868486592012-08-29T11:42:21.699+08:002012-08-29T11:42:21.699+08:00Account receivables should not be a big issue. A s...<i>Account receivables should not be a big issue. A sharp increase in account receivables was a concern before the results. However, the situation is better than expected. Although account receivables remained high at RMB967m in FY12, Minzhong actually has managed to collect around RMB220m since end FY12 and we do not think there is any material default risk associated with the remaining AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-27387733407489100172012-08-28T17:05:08.165+08:002012-08-28T17:05:08.165+08:00China Minzhong delivered strong fiscal-4Q12 result...<i>China Minzhong delivered strong fiscal-4Q12 results, with revenue up 93% on-year and EPS up 77% on-year, Macquarie says, noting the results beat its forecasts by 40%.<br /> <br />“When Minzhong missed 2Q and 3Q, management argued that the miss was due to a late growing season, particularly on the mushrooms. This argument appears to have been borne out as fresh-vegetable revenues (traditionallyAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-26606418743232922332012-08-27T22:49:07.978+08:002012-08-27T22:49:07.978+08:00Hi Ah John,
It will happen when it happens. I wou...Hi Ah John,<br /><br />It will happen when it happens. I wouldn't fret about it. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-45596727262929378132012-08-27T18:06:47.415+08:002012-08-27T18:06:47.415+08:00Sigh. When can see 0.80 again. Btw, china market d...Sigh. When can see 0.80 again. Btw, china market drops a lot. Ah Johnhttps://www.blogger.com/profile/08143011578144039532noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-82057740889815029652012-08-27T15:45:57.837+08:002012-08-27T15:45:57.837+08:00Hi Ray,
Ah! Explanation for daily price fluctuati...Hi Ray,<br /><br />Ah! Explanation for daily price fluctuations would be best given by Mr. Market. Would be nice if I had his phone number. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-22990046102661211362012-08-27T15:35:05.760+08:002012-08-27T15:35:05.760+08:00pls explain to me why the price dropping today. LO...pls explain to me why the price dropping today. LOLRayhttps://www.blogger.com/profile/16883833861386039879noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-8105773432167824702012-08-27T15:31:02.514+08:002012-08-27T15:31:02.514+08:00China Minzhong Food Corporation, the integrated ve...<i>China Minzhong Food Corporation, the integrated vegetables processor, reported a 76.4% jump in fourth-quarter net profit to RMB 171 million ($33.7 million), from RMB96.9 million a year ago.<br /><br />Revenue for the quarter also rose 93.1% to RMB803.5 million, from RMB416.1 million, as a result of sales rollover due to a delayed winter and corresponding late start in the operating peak seasonAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-81139465688102493902012-08-21T19:15:21.282+08:002012-08-21T19:15:21.282+08:00Hi JCK,
Looks promising. :)Hi JCK,<br /><br />Looks promising. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-80505111954891918912012-08-21T19:11:54.658+08:002012-08-21T19:11:54.658+08:00 Pushing Higher! :)
Looks like its pushing for 8... Pushing Higher! :)<br /><br />Looks like its pushing for 83 cents....closed at 75 centsJCKhttps://www.blogger.com/profile/06827990903393175122noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-3243394771535667132012-08-17T15:08:54.274+08:002012-08-17T15:08:54.274+08:00Hi JCK,
One day, when I am retired, I might just ...Hi JCK,<br /><br />One day, when I am retired, I might just go visit places where businesses I have significant investments in have their operations.<br /><br />I would like to see the apartment buildings which are owned by Saizen REIT, for example. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-18901096927135780862012-08-17T15:01:07.964+08:002012-08-17T15:01:07.964+08:00Lets VISIT! :)Lets VISIT! :)JCKhttps://www.blogger.com/profile/06827990903393175122noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-42052964999147180382012-08-17T12:09:48.891+08:002012-08-17T12:09:48.891+08:00Hi Ray,
My long position in China Minzhong is now...Hi Ray,<br /><br />My long position in China Minzhong is now in the black, actually. The technicals suggest that the worst is over and OBV shows ongoing accumulation. As long as this picture is unchanged, any dip in its share price could see buyers coming back. So, I am rather optimistic.<br /><br />As for Wilmar, there is no sign of accumulation as the OBV is still down. However, Mr. Market AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-1928574003672702722012-08-17T11:09:31.372+08:002012-08-17T11:09:31.372+08:00lets hope they are right.
my loss for CMZ almost r...lets hope they are right.<br />my loss for CMZ almost recouped already...<br />same cant be said for wilmar though... :(<br />Rayhttps://www.blogger.com/profile/16883833861386039879noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-61320778393854878542012-08-17T10:53:49.918+08:002012-08-17T10:53:49.918+08:00Industrialised farming would allow Minzhong enjoy ...<i>Industrialised farming would allow Minzhong enjoy lower costs, higher yields and better product quality vs. competitors if labour costs in China keep rising, strengthening its pricing power in the long run. Climate-controlled cultivation enables Minzhong to grow vegetables even during off- season, resulting in higher ASPs.<br /><br />Currently, the revenue split between “Process” (for foreign AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-45813240911679774942012-08-06T10:12:57.419+08:002012-08-06T10:12:57.419+08:00Hi JCK,
I have already employed MFI in this insta...Hi JCK,<br /><br />I have already employed MFI in this instance which is also a momentum oscillator. The MFI looks at volume and price, giving a more accurate picture of demand (or the lack of it).AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-29880845029487589292012-08-06T10:08:54.025+08:002012-08-06T10:08:54.025+08:00Hi Ray,
If you are concerned with the slowing Chi...Hi Ray,<br /><br />If you are concerned with the slowing Chinese economy and how it could affect China Minzhong's business, you are taking the top down approach in FA.<br /><br />If you are looking for trends in share price, you are employing TA.<br /><br />You have to reconcile these approaches and decide on your strategy accordingly. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-75600964850220884302012-08-06T08:40:31.407+08:002012-08-06T08:40:31.407+08:00AK
Thanks for the chart.
Sold 70% holdings at 0.6...AK<br /><br />Thanks for the chart.<br />Sold 70% holdings at 0.67.<br /><br />Wonder what the fast stochastics and RSI says?JCKhttps://www.blogger.com/profile/06827990903393175122noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-68033952709231567172012-08-06T08:14:31.117+08:002012-08-06T08:14:31.117+08:00Hi AK,
Any thoughts from FA p.o.v?
Near term wise...Hi AK,<br /><br />Any thoughts from FA p.o.v?<br />Near term wise, I think China's slowing economy does not bode well with CMZ and Wilmar, so any upside would be short termed and a long term downtrend looks more likely. It could be sideways trending but with the current bear market, everything will be dragged along.Rayhttps://www.blogger.com/profile/16883833861386039879noreply@blogger.com