That's too "shallow" n defensive to look at stocks. You're definitely in de wrong place. Go for bonds or debt instruments or REITS. Apple, the world's best and most profitable company do not give out divd. These r growth stocks. CMZ has a long way to build its potential. Many big funds, incl GIC, are in it. If u'r looking for "old" companies, u shld buy FnN, which is >130 yrs old. Did u, @ 6.50? I'm looking for company that has sustainable business (as a basic) and good potential (can generate). It must hv good givernance and made money for shareholders. The rest wiill fall in place.   

2 things that stop me from buying.

1) no div

2) young listed company. only IPO 2010.

These are the hard facts. Which would you invest for growth?

China Minzhong’s 1Q ended Sept ’12 net profit rose 31% yoy to Rmb122mln, coming in slightly above expectations due to better than expected sale volumes.

 But net profit margin fell 6% points to 19.8% due to higher production costs and increased sales of lower margined paddy crops.

 More importantly the company collected back Rmb687mln out of the Rmb967mln and generated Rmb259mln cash flows for the quarter, bringing their cash holdings up from Rmb67mln to Rmb302mln.  The widely watched trade receivable days dropped sharply
from 145 to 66 resulting in their cash conversion cycle improving from 184 to 54 days.

 Looking ahead, management expects continued growth due to new farmland contributions, increased contributions from higher margined crops such as King Oyster Mushrooms and Black Fungus as well as doubling of their processing production capacity.

 With reduced concerns over the quality of the company’s trade receivables and with the company on track for continued growth, the share price recovery from its low of 53 cents hit in June ’12 looks likely to continue.

 At 3x PE, we maintain our BUY recommendation.

Source: Lim & Tan Securities

87.5 cents !
Super S-chip. My purchase price was 67 cents. Still holding and waiting for S$1.00.

Yes because China is in a bear market. We'll see what happens when the bull returns to China in future.

Barring some very special circumstances, one can't expect Yangzijiang to reach $2.80 when China is in a bear market. Conversely, in 2007, Yangzijiang's net profit was 15% of what it is now, yet it managed to reach a high of $2.87, its P/E was over 50 times! Why? Because Because China was in a bull market - the Shanghai Composite was at over 6000. And in bull markets forward P/Es tend to be much lower than trailing P/Es because estimated growth rates are very high - this extreme optimism is characteristic of a bull market. 

Now with the Shanghai Composite at 2000, how can one expect China Minzhong to reach $2 or Yangzijiang to reach $2.80? No, the tide has to change first - 90% of stocks follow the tide of the market. Yes occasionally you get a bit of outperformance like China Minzhong going up over 30% over the last couple of months, but this is nothing compared to what kind of prices you will see if Shanghai was in a bull market. 

The Shanghai Composite is now at all-time low valuations and won't remain at 2000 forever.  Yes everywhere everyone is telling you bad news about China and sentiment is at an all time low. Indeed the onslaught of negative pessimistic views is characteristic of a bear market. Views broadly reflect market sentiment - if it wasn't this negative the Shanghai Composite wouldn't be at its lowest since March 2009.

Yangzijiang is trading at a P/E of under 5 and Minzhong at a P/E of 3 and under - contrast this with 2007. China, like most emerging markets, has a very volatile stock market, and sentiment is everything, when the bull returns one day the contrast in valuations will be mind-blowing. 

No doubt things may even get worse for China before it gets better, no one knows for sure. But one day the bull will return. And until that day I will keep accumulating.  

His name must be SuperBull. He also had a super high target for YZJ which failed to be achieved.

Quote 2010 short snippet from

http://www.livetradingnews.com/ebeling-heffernan-strong-buy-on-yangzijiang-shipbuilding-23562.htm:

Shayne Heffernan of Ebeling Heffernan has issued a strong buy on Yangzijiang Shipbuilding with a price target of $2.80 SGD. Today the stock closed at $1.80 SGD.

Already up over 35% on this counter...lots more upside left.

http://www.livetradingnews.com/china-minzhong-food-corp-ltd-upgraded-86519.htm

Economist Shayne Heffernan has upgraded Singapore listed China Minzhong Food Corp Ltd to a strong buy with a 2013 price target of $2 SGD.

China Minzhong Food Corporation Limited (China Minzhong) is an integrated vegetables processor.

Its principal activities are those of investment holding and wholesale of health food. As of June 30, 2011, the Company had a customer base over 26 countries across four continents and had a network of suppliers of fresh and semi-processed vegetables in 14 provinces of People’s Republic of China.

It operates in Singapore, where it is primarily involved in investment holding, and the People’s Republic of China, where it is engaged in sales of processed products and fresh produce. The Company produces more than 20 species of vegetables, which include champignon mushrooms, black fungus, German chives, capsicums, king oyster mushrooms and Shanghai greens.

abb,  did you know Maybank has also issued a report this morning. Target is $1.16.

Good report, which has triggered a run-up in Minzhong share price +3 cents to 79.5 cents. Still grossly undervalued.

Maybank pointed out :

Ø Minzhong’s share price has soared by 9% since last week, along with some other Chinese agricultural companies. Concerns of soaring food inflation in China could be the reason behind it.


Ø The Fed’s latest treasury purchase initiative (QE3) has triggered further concerns  over  China’s  inflation.  Already,  Chinese  fresh vegetable prices have increased by 24% YoY in August.


Ø  To  play  this  theme,  we  advocate Minzhong as a direct beneficiary of China’s  food inflation. If food inflation in China remains high, there is  a  high  chance  that  the  management’s  revenue  target  could be surpassed.

Macquarie's target of S$1.40 is incredible! They sure have done their homework thoroughly or they are are going to get mud on their face. The stock has recovered from the 60-level but it's still a long way fr $1.40.

Now only 77 cents but firm.

There is a strong hint of dividend coming in the current year.

Even without that, the metrics strong indicate a stock with deep value. Just my 2 yuan worth. Stock is now going up, at 74.5 cents.

Macquarie has 1.40 target. Stock got sold down on bad sentiment in sector and a bit of a slow previous quarter, but by far the best managed in its sector and worth north of 2.00 in better times. Cuurently on 0.5x PBV and 3x forward earnings.

Already there are signs that the Chinese government knows its stock market is undervalued and is trying to introduce measures to boost the market including raising the limit on foreign investment, which may one day be lifted substantially or even altogether, which will surely trigger a huge bull market in Chinese stocks. 

If and when Xi Jinping replaces Hu Jingtao, expect a lot more pro-business, pro-growth, pro-stock market policies. 2 reasons for this.

Firstly Xi Jinping is replacing Hu Jingtao. This is a once a decade event, a very big deal in China. The CCP will do all it can to put Xi Jinping in a good light, and what better way than to give the economy a new surge to life with pro-growth policies. 

Secondly while Hu Jingtao used to be governor of Tibet, a province mired in political controversies with little emphasis on economic growth, Xi Jinping by comparison was governor of Fujian, an economically successful and thriving coastal Chinese province that has been experiencing many years of rapid growth.

This also means that while Hu was and is big on politics and diplomacy, Xi Jinping is big on economic growth and pro-business policies. The next decade may well see China genuinely fully open up its markets to the rest of the world and when this happens, you just watch the Shanghai Composite...

People like to compare China to Japan, saying that its reached its peak and crashed. They forget that although China is the 2nd largest economy, its GDP per capita is still about 1/8th that of Japan and 1/10th that of USA. The room for growth is absolutely immense. 

Of course it will take time for the bull to come back to China, first and foremost the world has to deal with debt problems in Europe. 

Patience is key. 

Imagine the fierce panic to escape from $1.00 level, all the way to sub-60 c.
Why suddenly the panic buying all the way to 72.5 cents currently?
Seems like a lot of irrational sentiment involved.

Watching this baby fly again today. With an average price of 57 cents, I'm already up 23% on Minzhong but I barring any unforeseen circumstances, I will be holding this baby until the bull market returns to China. 

Will Minzhong break thru 70 cents this week? Is it really worth more than $1?

Have you been watching China Minzhong rise on high volume over the last few days? Beginning of a huge recovery? Just a few months ago it was at 1.18. We'll see. My entry price was 0.57 cents. We are now in a Chinese bear market. In a Chinese bull market, this stock should be at over $2.