I received an SMS from a friend that CIMB and Lim & Tan ceased coverage of China Minzhong. I responded by saying that maybe I should do it too. Seems like an easy way out of the mess. If analysts who are paid to do what they do are jumping ship, shouldn't an amateur investor and part time blogger do the same?
On a more serious note, with this event following so closely another event which recently affected a few readers, I am thinking more deeply about the future direction of my blog. ASSI today is not the ASSI from almost four years ago, after all. Blogging is meant to be an enjoyable past time for me but with the rising popularity of my blog, naturally, there will be greater expectations and, with this, greater responsibility, whether I want it or not.
It should not come as a surprise that I have been thinking quite a ...
When the first couple of analysts responded to the China Minzhong’s mess a few seized coverage of the stock. Leaving investors basically alone with a counter that was highly recommended by most them them just weeks before. I find this attitude appalling and seems to be the easy way out of an embarrassing situation.
My main question to those analysts is: Why does it need a short seller based in the States to find out all those mishaps, when local analysts should have had much better excess to the management and data.
Poor performance fellows !