China Minzhong

China Minzhong: rises 4.0% to $0.655, for a nearly 15% month-to-date gain, on strong volume accounting for 3.2% of shares traded on the SGX, with a number of large trades. The gains come after Maybank-Kim Eng issued a positive report on Aug. 1, calling the company's risk-reward profile attractive as it shifts toward industrialized farming; it rates the stock Buy with TP $1.16. "Today, it's some institutional clients buying," an analyst says, noting previously it was some retail clients. Orderbook quotes suggest the $0.675 intraday high won't be retested.