Tony Sagami - Veteran investment advisor and a leading expert on Asian markets.

China Mengniu Dairy gets clobbered

by Tony Sagami on September 24, 2008

in Asian Market, Stock Market in China

The tainted milk tragedy in China is sickening. 53,000infants have been hospitalized and heads are going to roll.

The first stock to ‘roll’ is China Mengniu Dairy, whosestock lost 60% of its value after its products were found tainted with the industrial chemicalmelamine.

I’ve been interested in China Mengniu Dairy (2319.HK)and am even more so now that it has been chopped in half.

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