China MinZhong: +3.3% at $1.27, may end in positive region for first time in 4 sessions. Stock has been on almost sustained pullback in recent wks, culminating in Thurs 5.4% fall to 3mth low of $1.23. Weakness blamed on end of 6mth moratorium in Oct preventing major IPO investors from selling their shares (company listed in Apr)…
BNP Paribas sees current technical price weakness as an excellent buying opportunity, with TP of $1.68 target. Near-term performance may hinge on vegetable processor's fiscal 1Q11 results, guidance due Nov. 12. Immediate resistance at 5-day moving average of $1.29.
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