If you track my last post on China Minzhong on Dec 2011. My call for buy was on spot. Within 4 mths, it had already hit my 6 mths target price of S$1.10. However, I did not hold until my own TP.. nevertheless, I still make nice profit from it. Now I am back again into this counter with full force.
During month of April 2012, there were a number of open market buy up of Minzhong. Today,
Franklin Resources, Inc. and Templeton Worldwide, Inc. both increase their stake to above 8%. TA looks abit flat, therefore, it might take some more time to starts its rally. But overall its consider bullish on this counter.
S&C call for buy at S$0.995. With initial TP at S$1.05 and 6 mths target at S$1.30.
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