Shares & Derivatives
China Minzhong: Too cheap to sell.
By A Singaporean Stockmarket Investor (ASSI)  •  June 11, 2012
One of the things we hear is that we should buy at prices we would not sell at and to sell at prices we would not buy at. Not too long ago, on 5 June 12, I said that it is not a good time to sell China Minzhong's shares and that it would be more sensible to think of adding to any long positions. See the blog post: here.
In a research dated 11 June 12, Kim Eng says that: We would not recommend investors to cut loss at this stage as stock valuations are still too cheap to do so. ... The next catalyst for the stock would be the full-year results ended in June 2012. We expect to see revenue recovery due to the late-winter season and the fact that Minzhong should also be able to collect the bulk of its receivables in 4QFY6/12. The full-year numbers ......
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By A Singaporean Stockmarket Investor (ASSI)
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