Latest Forum Topics / GMG Global |
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GMG CHIONG tomoro -Flash floods hit southern Thail
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monopolydreams
Member |
08-Jun-2011 11:29
Yells: "Genting, GMG, Capitaland ! GOGOGO" |
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I'll wait....  | ||||
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flekzout
Member |
07-Jun-2011 17:56
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wow this is a good news you got here my friend.. but yeah I expect GMG to do more better actually.. because they are the only rubber stock running in sgx.. they need to be more active compare to gallant.. 
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krisluke
Supreme |
07-Jun-2011 14:22
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Rubber: Deutsche initiates on sector, which has been “under-researched on the sell side”. Says despite climbing 80% since early 2010, expects natural rubber prices to stay lofty over the next 2 yrs. Notes yrs of underinvmt have restricted output from responding sufficiently to growing demand. Adds, aggressive competition from the palm oil industry should limit supply growth, while demand is rising due to the growing tire market... Forecasts price to remain elevated at US$5.00-5.30/kg in 2011-12 (vs spot: US$5.20 YTD: USD5.60). Sri Trang: in its rubber report, Deutsche initiates at Buy with target of THB 35 (S$1.42). Says Sri Trang is the global no. 1 natural rubber producer with 8% of the world’s total natural rubber consumption. Notes, with strong demand coming from the automotive industry, especially China and India, Sri Trang, as one of the largest rubber processors, should be one of the prime beneficiaries... Expects prices to remain strong until 2012, and points out that history shows STA enjoys stronger profitability and gross margins when rubber prices rise. Adds, stock trades at 7.7x 2011 PE, which is well below industry average. GMG: while not mentioned by Deutsche, stock may get spillover interest following the rubber sector report. GMG is one of the world’s only few listed pure rubber play, which has presence from plantation, processing to distribution. Possible catalyst from its recent acquisition of Teck Bee Hang (Thai processor) has doubled its processing capacity. Stock trades at 17.6x trailing P/E, but valuations are expected to narrow to 8.3x FY11E consensus P/E. Stock has 1 Buy rating with TP $0.46. |
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catalyst
Senior |
06-Jun-2011 14:26
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Yes, it is a good company. But its a matter of interest from the BBs playing the markets that can push up prices. And there  are better entry prices in coming months. Not now. Manufacturing is in a slump which directly affects demand in rubber as well.
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monopolydreams
Member |
06-Jun-2011 13:59
Yells: "Genting, GMG, Capitaland ! GOGOGO" |
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I support GMG all the way.. It has clean balance sheet, it should be better.    |
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yummygd
Supreme |
06-Jun-2011 13:41
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Just simply facing down trend. and i think the Auto industry also affected it. Overall sentiments. support should be 0.23 den 0.21 den 0.18 If im not wrong. |
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BLTENG1973
Member |
06-Jun-2011 13:30
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agreed! somemore the company is doing well. Really don't understand!!...
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flekzout
Member |
06-Jun-2011 13:23
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whats the support level for this GMG?? bloody shit! there are no news and anything but it just keeps going down WTF?! | ||||
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yummygd
Supreme |
06-Jun-2011 12:01
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OHHHHH 0.210 here we come | ||||
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yummygd
Supreme |
06-Jun-2011 09:52
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Its coming. e break is coming. | ||||
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yummygd
Supreme |
03-Jun-2011 19:08
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if hit 0.21 jump in without hesitation for some contra play. | ||||
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Bintang
Elite |
03-Jun-2011 18:34
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GMG only made a weak rebounce to 27 cents after forming the dead cross . It is still going down recently n may test the support where is a gap at 14 cents .
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catalyst
Senior |
03-Jun-2011 18:20
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Look out  for 23.5 end of next week. | ||||
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kaoluck
Member |
03-Jun-2011 15:55
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man... I got some lots at 0.265.. Should I hold or should I clear... like GSS ![]() |
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slimerlth
Member |
03-Jun-2011 12:36
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up up up, wish to rise like rocket... | ||||
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catalyst
Senior |
03-Jun-2011 11:56
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Wow, horny price! Still holding huh.. Don't let paper profits go to waste. Good times don't roll on forever. Good price and congrats!
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yummygd
Supreme |
03-Jun-2011 11:50
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haha i bought my investments lots at 0.145 or i think its that price..its been so long i forgot...
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catalyst
Senior |
03-Jun-2011 11:47
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Once there's oppurtunity, scalp on the cycles and exit. Do not hold too long on GMG.
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yummygd
Supreme |
03-Jun-2011 11:27
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darn theres hope. 0.25 pls hold fast.
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GuavaXF30
Master |
03-Jun-2011 08:55
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Agree. But 0.25 must not break. If it does, your target price may be achieved by 3rd quarter. Company okay but sentiments on pennies like shit....
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