Singapore Stock Market News

China Minzhong Food - CIMB Ceasing coverage

StockFanatic
Publish date: Tue, 27 Aug 2013, 09:28 AM
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We share Glaucus Research's concerns about MINZ's reliance on capital markets for cash generation and ballooning receivable days. We cease coverage of MINZ, with our last rating being Outperform with a target price of S$1.27 (5x CY14 P/E, its peer average).
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