Meat Processor Yurun Looking Good Fundamentally Long-Term

China-based meat processor China Yurun Food Group's share price has yet to recover ground since it witnessed massive sell-offs in its shares after rumours spread that research firm Muddy Waters may issue a negative report on the company. In fact, Yurun's share price has plunged to its lowest level in a period of more than two years due to negative publicity, inflationary pressures and the recent widespread market meltdown. While we are wary about Yurun's near-term equity performance given the recent market volatility, we are bullish the company's share performance longer term on the back of its attractive valuations and strong fundamentals.

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