3 thoughts on “Zhongmin Baihui – Overvalued S-Chip Chinese Retailer with Weak Performance, Sub-Par Corporate Governance and Questionable Related Party Transactions

  1. Comprehensive analysis, well presented.

    Unfortunately, it has very low liquidity and is possibly a ‘cornered’ stock despite the fact that 18.2% is owned by ‘public investors’ – very hard to short.


  2. Not announced over SGX yet.

    Zhongmin Baihui Retail Group Ltd will be doing a share placement at SGD1.75, representing a 4.6% discount over 06 Mar 2015’s closing price of SGD1.835.

    Looks like they’re trying to boost liquidity.


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