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GoldMine68 Member	26-Sep-2009 14:05        GoldMine68 About Contact  Quote this Post!   Mood: Yells: "Tomorrow's a good day"
x 0   x 0  Alert Admin	From "THE EDGE"   Palm oil rose for the first time in three days, paring a weekly loss, as gains by crude oil and expectations of stronger demand from India lifted prices. Futures gained after oil rose in New York as investors deemed yesterday’s decline, the biggest in two months, as excessive. India may import record volumes of vegetable oils for a second year after drought in almost half the country damaged oilseed crops, Ashok Sethia, president of the Solvent Extractors’ Association of India, said Sept. 22. Palm oil is favoured in India as imports are exempt from duties and higher demand on a drought-affected domestic harvest is “positive news for prices,” said Tan Ting Min, a an analyst at Credit Suisse Securities (Malaysia) Sdn. in Kuala Lumpur. December-delivery palm oil futures rose as much as 1.2% to 2,140 ringgit ($875) on the Malaysia Derivatives Exchange. It was at 2,136 ringgit at the 12:30 p.m. local time break, reducing the weekly loss to 2.5%. Crude oil, which fell 4.5% yesterday, rose 0.9% to US$66.48 ($94.4) a barrel. Palm oil can be used in biofuels and usually rises alongside crude. Indian vegetable oil purchases in the year starting Nov. 1 may rise as much as 6% to 8.5 million tonnes, the solvent extractor group’s Sethia said. Palm oil will account for more than 80% of the total, he said. India is the biggest vegetable oils buyer after China. CONCERNS ABATE Palm oil prices, which have risen 26% this year on concern about a possible oilseed shortfall, eased after the the US Department of Agriculture a record US soybean harvest of 3.245 billion bushels this year. Soybeans are crushed for their oil, which competes with palm for use in foods and biofuels. Soybean output in India may rise 12% next year as farmers seeded a bigger area, Atul Chaturvedi, president of Adani Enterprises, said Sept. 23.
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freeme Elite	24-Sep-2009 13:45        freeme About Contact  Quote this Post!
x 0   x 0  Alert Admin	can try to pick up its warrants.. quite value for $
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frosin Member	24-Sep-2009 11:51        frosin About Contact  Quote this Post!
x 0   x 0  Alert Admin	My guess as such. The 1Q09 results were those as shown in historical lows, thus, it was so bad. 2Q09 results improve 6 fold because of surge from april to june. July - August, the CPO prices remained high and well above 2400. This is the foundation for a better 3Q09. Sep prices went down to June level but it is still better as a whole 3rd quarter. If 0.53 cent is 2Q09, then 3Q09 can expect conservatively at least 0.7 - 0.9 us cents due to higher volume and higher prices for most of the period to period comparison. Conservative estimate of current 4Q09 is EPS around 0.6 - 0.7 us cent. Prices for CPO are improving in sectors driving up demand as the economy picks up.
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frosin Member	24-Sep-2009 10:46        frosin About Contact  Quote this Post!
x 0   x 0  Alert Admin	3rd qtr in Nov and full in Feb. you can expect improvement in CPO prices to drive up 3rd and 4th qtr profit for sure. one of the qtr they will tell you the prospects improved. in the full yr, they will say something like it has been a difficult period but the company remain resilent and profitable. noting that their EPS in the first quarter was down 94% to 0.09 US cent. literally not making any money. However, second quarter EPs went up by 489% to 0.53 US cents. "489% " is what they want you to believe. In reality 2Q08 EPS announced was 6 cent and 2Q07 was 2 cent.This is a 90+% drop from a year ago and a 75% drop from previously. Largely due to CPO prices falling from the 2Q08 peak. * take this with a pinch of salt first. * half year period accumulated 0.63 US cent. This compared to 10 cents and 5 cents previously announced is how weak golden agri's business is.I don't know how they reinstated their figures but the 1H08 results was adjusted to 2.93 cent from 10 cents. This is why int he 1H09 they report a declined of 78%. Given the current condition of the market, where commodity prices have went up quite a bit in august, you can expect improving 3Q09 and a good 4Q09. I expect year end EPS to be about 2.5-3 us cent. this will translate the current price of 45 sg cent to 10x P/E. Typically you expect golden agri to be above 15x and nearer to 20x. Hence, you may find the movement range from 44 cents upwards to 64 cents or even towards 85 cents at year end. Given the current CPO futures prices on BMD. This is likely going to be the case. Philips believe it is more than 53 cents. RBS upgraded its full year expected from 50 to 60 cents.   there is 30% profit for holding till feb results. As you can see people pushing prices down to accumulate.,
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adrianong Member	24-Sep-2009 10:15        adrianong About Contact  Quote this Post!
x 0   x 0  Alert Admin	Any idea when the result be announced ? thks ! frosin      ( Date: 24-Sep-2009 10:09) Posted: if u can hold, then keep till their results announcement. likely profitable.
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frosin Member	24-Sep-2009 10:09        frosin About Contact  Quote this Post!
x 0   x 0  Alert Admin	if u can hold, then keep till their results announcement. likely profitable.
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allentoh Member	24-Sep-2009 09:43        allentoh About Contact  Quote this Post! Style: Technical   Mood:
x 0   x 0  Alert Admin	should i cut lost ? bought at 0.47
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