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Sakari
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rutheone1905
Veteran |
20-Jun-2012 09:04
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nice to see Sakari bouncing back again......those trapped may consider to take half profit first n leave the other to grow. think over horizon before ending of G20 effect no massive shorting should be present. shorties wannabe take this opportunity to study the little bears among the big bulls, once the tide change this little bears will emerge to be the big bears. end of qtr coming couple with bulls around do pick up good blues tat have not really appreciate due to automatic trading system lagging. |
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risktaker
Supreme |
20-Jun-2012 07:56
Yells: "Sometimes you think you know, but in fact you dont" |
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Haha me too I also donno whose buying ... :)
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rutheone1905
Veteran |
19-Jun-2012 09:41
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sakari making a come back not sure whose behind it | ||||
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dowcog
Veteran |
18-Jun-2012 10:55
Yells: "Don't fight the tape!" |
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test some last wk.. throw away with some loose change.. scared of greeks.. end up this bugger fly pass me today... 
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risktaker
Supreme |
14-Jun-2012 15:14
Yells: "Sometimes you think you know, but in fact you dont" |
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From my experience when Goldman sac say buy it will rebound a little then all the way down.... Usually they say buy u must sell on rebound :) ......
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rutheone1905
Veteran |
14-Jun-2012 14:05
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cover my short for Sakari liao | ||||
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genting^2
Veteran |
11-Jun-2012 19:18
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Goldman Sachs Group Inc. (GS) said it expects a 29 percent return from the Standard & Poor's GSCI Enhanced Commodity Index over the next 12 months, with the biggest gains in energy and base metals. Policymakers in Europe will be able to contain the continent's debt crisis, while recovery in the U.S. and China is set to continue, Jeffrey Currie, head of commodities research in New York, said today in a report. Returns on energy investments may be 41 percent in 12 months, compared with 23 percent in base metals and 18 percent in precious metals, while agriculture is forecast to lose 14 percent in the period, according to the report. " Although the macroeconomic backdrop still remains uncertain, particularly in Europe, we believe that the sell-off in commodity prices is likely overdone and the price risks are shifting more to the upside," Currie wrote. Commodities, as measured by the S& P GSCI Enhanced Commodity Index, dropped 13 percent in May and are down 9.1 percent since the start of the year, paced by coffee, natural gas, cotton and crude oil, amid concerns over contagion from the European sovereign debt crisis and slowing global growth. Goldman lowered its three-month price forecast for copper to $8,000 a metric ton from $9,000 a ton and aluminum to $2,200 a ton from $2,400 a ton, according to a separate report today. To contact the reporter on this story: Maria Kolesnikova in London at mkolesnikova@bloomberg.net To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net |
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genting^2
Veteran |
11-Jun-2012 09:39
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up 5 cents. people busy shorting olam liao. |
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New123
Elite |
10-Jun-2012 22:17
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Mon could be an opportunity for a intra-day long. This counter can move up fast and also down very quickly.
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risktaker
Supreme |
10-Jun-2012 16:49
Yells: "Sometimes you think you know, but in fact you dont" |
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Time to collect oversold - Sakari !! BUY COAL COUNTERS | ||||
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risktaker
Supreme |
10-Jun-2012 16:48
Yells: "Sometimes you think you know, but in fact you dont" |
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Export Tax Will Not Apply to Coal: Minister (June 09, 2012) - http://www.thejakartaglobe.com/business/export-tax-will-not-apply-to-coal-minister/523031 Responding to recent uncertainty about whether Indonesia will impose an export duty on coal and try to curb exports, the minister of energy and mineral resources said on Thursday that the government did not intend to do either. “I have to confirm to all coal mining companies, there is no such plan to impose an export tax for coal. Who said there was?” Jero Wacik told reporters at the State Palace on Thursday. Jero also denied that the government intended to curb coal exports, saying the “exports will keep on going, but at the same time, domestic stock must be secured.” Coal miner stocks received a double gut punch on the stock exchange on Monday, experiencing losses after Jero was quoted by local media as saying that Indonesia aimed to impose an export duty on coal and curb exports. The industry was also hit by massive selling pressure as investors worried about economic developments in Europe. On the Indonesia Stock Exchange, the mining sector dropped almost 8 percent that day. Bumi Resources, the country’s biggest coal miner by tonnage, saw its stock fall 14 percent to Rp 1,220 on Monday, while state-controlled coal producer Tambang Batubara Bukit Asam’s shares slid 12 percent to Rp 13,250. Supriatna Suhala, the executive director of the Indonesian Coal Mining Association (APBI), said he was upbeat that the government would not follow through with a move to curb exports, which he said would “strangle the neck of coal miners.” He said coal miners had contracts of work that differed in terms royalties and taxation schemes “which a ministerial decree can never alter” because they were backed by the law and government regulations, which rank higher. Supriatna said that major coal miners that secured the first generation of contracts, such as Adaro Energy, Kaltim Prima Coal, Arutmin Indonesia and Indo Tambangraya Megah, were already paying 13.5 percent royalties to the government from their gross revenue. Those companies have also reportedly been hit with up to a 45 percent corporate income tax from their profit. “If you want to tax them more, that’s so irrational, and then how would they live?” Supriatna said. “Such a taxation policy applied to these miners is already the highest in the world.” The APBI is a group of the country’s coal miners and mining services companies, including Adaro Energy, Kaltim Prima Coal, Arutmin Indonesia, Berau Coal and Tambang Batubara Bukit Asam. Supriatna reiterated his comment on Monday that if the government wanted to apply more taxes, then it needed to streamline all the rulings affecting the country’s coal industry before imposing any new regulations. Indonesia recently imposed a 20 percent tax on exports for 65 ore minerals, including nickel and gold, but it left coal off the list. The tax was aimed to encourage producers to build smelters and stimulate investment in the downstream sector. Regarding the government’s intention to secure domestic demand, Supriatna said coal mining production was already bound by a domestic market obligation to allocate a certain amount of output for sale on the local market. Dileep Srivastava, a director at Bumi Resources, one of Indonesia’s largest coal miners, agreed with Supriatna. He said that two of its coal mining subsidiaries, Kaltim Prima Coal and Arutmin Indonesia, held first-generation contracts of work and already paid a corporate tax of 45 percent and royalties of 13.5 percent. He claimed Bumi was among the highest-taxed companies in the world, paying far more than its counterparts in much of the metals and resource sector. Speculation that coal would be included among the minerals charged with export duties began back in April, when Industry Minister M.S. Hidayat came up with proposal to impose a 25 percent tax on mining exports this year and a 50 percent tax for next year. He said that with the move, the government aimed to take in more revenue from the nation’s natural resources sector, as well as create more jobs at domestic processing plants. Indonesia is one of the biggest coal exporters in the world. It is expected to ship out about 300 million tons of coal this year to buyers around the world, including in key countries such as China, India, Japan, South Korea and Taiwan.z Responding to recent uncertainty about whether Indonesia will impose an export duty on coal and try to curb exports, the minister of energy and mineral resources said on Thursday that the government did not intend to do either. “I have to confirm to all coal mining companies, there is no such plan to impose an export tax for coal. Who said there was?” Jero Wacik told reporters at the State Palace on Thursday. Jero also denied that the government intended to curb coal exports, saying the “exports will keep on going, but at the same time, domestic stock must be secured.” Coal miner stocks received a double gut punch on the stock exchange on Monday, experiencing losses after Jero was quoted by local media as saying that Indonesia aimed to impose an export duty on coal and curb exports. The industry was also hit by massive selling pressure as investors worried about economic developments in Europe. On the Indonesia Stock Exchange, the mining sector dropped almost 8 percent that day. Bumi Resources, the country’s biggest coal miner by tonnage, saw its stock fall 14 percent to Rp 1,220 on Monday, while state-controlled coal producer Tambang Batubara Bukit Asam’s shares slid 12 percent to Rp 13,250. Supriatna Suhala, the executive director of the Indonesian Coal Mining Association (APBI), said he was upbeat that the government would not follow through with a move to curb exports, which he said would “strangle the neck of coal miners.” He said coal miners had contracts of work that differed in terms royalties and taxation schemes “which a ministerial decree can never alter” because they were backed by the law and government regulations, which rank higher. Supriatna said that major coal miners that secured the first generation of contracts, such as Adaro Energy, Kaltim Prima Coal, Arutmin Indonesia and Indo Tambangraya Megah, were already paying 13.5 percent royalties to the government from their gross revenue. Those companies have also reportedly been hit with up to a 45 percent corporate income tax from their profit. “If you want to tax them more, that’s so irrational, and then how would they live?” Supriatna said. “Such a taxation policy applied to these miners is already the highest in the world.” The APBI is a group of the country’s coal miners and mining services companies, including Adaro Energy, Kaltim Prima Coal, Arutmin Indonesia, Berau Coal and Tambang Batubara Bukit Asam. Supriatna reiterated his comment on Monday that if the government wanted to apply more taxes, then it needed to streamline all the rulings affecting the country’s coal industry before imposing any new regulations. Indonesia recently imposed a 20 percent tax on exports for 65 ore minerals, including nickel and gold, but it left coal off the list. The tax was aimed to encourage producers to build smelters and stimulate investment in the downstream sector. Regarding the government’s intention to secure domestic demand, Supriatna said coal mining production was already bound by a domestic market obligation to allocate a certain amount of output for sale on the local market. Dileep Srivastava, a director at Bumi Resources, one of Indonesia’s largest coal miners, agreed with Supriatna. He said that two of its coal mining subsidiaries, Kaltim Prima Coal and Arutmin Indonesia, held first-generation contracts of work and already paid a corporate tax of 45 percent and royalties of 13.5 percent. He claimed Bumi was among the highest-taxed companies in the world, paying far more than its counterparts in much of the metals and resource sector. Speculation that coal would be included among the minerals charged with export duties began back in April, when Industry Minister M.S. Hidayat came up with proposal to impose a 25 percent tax on mining exports this year and a 50 percent tax for next year. He said that with the move, the government aimed to take in more revenue from the nation’s natural resources sector, as well as create more jobs at domestic processing plants. Indonesia is one of the biggest coal exporters in the world. It is expected to ship out about 300 million tons of coal this year to buyers around the world, including in key countries such as China, India, Japan, South Korea and Taiwan.
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iPunter
Supreme |
08-Jun-2012 21:15
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0.88 would be a fair entry point to long this counter...  |
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rutheone1905
Veteran |
08-Jun-2012 09:17
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good, go buy more, I keep selling, also scare it goes too low becos it will rebound. hope someone pump in monies based on this news to support the price so tat shorties can sell cheap to u to make u happy n we r happy too....cheers |
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genting^2
Veteran |
08-Jun-2012 00:59
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DJ MARKET TALK: Indonesia Coal Export Duties Likely Scrapped - UBS (2012/06/07 16:00PM) 0800 GMT [Dow Jones] STOCK CALL: Comments from Indonesia's trade minister Gita Wirjawan appear to have put another " nail in the export-tax coffin," with media reports quoting him as saying there is no plan to impose export duties, says UBS " Sakari Resources (AJ1.SG) is a primary beneficiary if the export tax proposal has indeed been scrapped given its full exposure to the mining law relative to it contract producing peers." While this won't impact the house's Indonesian coal earnings forecasts, since it didn't expect the tax proposal to gather sufficient support, it says earnings remain under pressure from declining coal prices, which could weigh stock valuations for the next few months. UBS adds, it believes a volume quota on low-grade coal is still likely, as the government appears set on preserving reserves for future use. It also notes the potential for royalties to be increased later to align low-royalty license holders with higher royalty contract holders. The stock is down 2.3% at S$1.25. (leslie.shaffer@dowjones.com) | ||||
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genting^2
Veteran |
07-Jun-2012 23:03
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http://sgx.com/wps/portal/sgxweb/home/company_disclosure/all_in_one/company/!ut/p/c5/04_SB8K8xLLM9MSSzPy8xBz9CP0os3gjR0cTDwNnA0sDC3cLA0_XsDBfFzcPQ4tAA6B8JJK8f6ihuYFnqFOgiVNYqKG3owkB3V76Uek5-UlAe_w88nNT9QtyIyodHRUVAecCjPA!/dl3/d3/L0lDU0lKSkpDZ3BSQ1NBISEvb0VvZ0FFSVFoakZFSUFBak9NNFJrb0lBSVFBIS80QzFiOVdfTnIwUkprQWxJSWlSLS83XzJBQTRIMEMwOU9VMTcwSVVCUTRCVlUxQ0I3L2libS5pbnYvMjAwMzU4MTYxNTY4/?CompanyCombons_7_2AA4H0C09OU170IUBQ4BVU1CB7_=& CO_ALLONE_SELECTED_INDEX=766& CO_AllONE_CHART_RET_CODE=SAKARI& CO_AllONE_STOCK_NAME=SAKARI+RESOURCES+LIMITED& CO_AllONE_IBM_CODE=1U11& CO_AllONE_HP_CODE=AJ1& CO_AllONE_MASTER_CODE=29195 |
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genting^2
Veteran |
07-Jun-2012 21:23
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NEW YORK (CNNMoney) -- China's central bank announced a rate cut Thursday -- its latest move to try and spur its slowing economy. In its first rate cut since 2008, the People's Bank of China trimmed a quarter percentage point off its deposit and lending interest rates. China's one-year lending rate is now 6.31%, which is much higher than interest rates in the United States, Europe and Japan. Economists and investors worldwide are concerned about China's recent slowdown because it is an important driver of global growth. China is now the world's second largest economy behind the United States. The central bank had most recently sought to spur growth on May 12 by reducing the amount of cash banks must hold in reserve, an effort to free up funds for lending and investment. But China's economy has continued to cool over the past month. A purchasing managers' index compiled for banking company HSBC earlier this month showed that Chinese manufacturing declined in May for the seventh straight month. The index fell to 48.4 in May from 49.3 in April. A reading of above 50 indicates growth in the sector. Chinese exports have been hit by the European sovereign debt crisis, which has caused 11 countries there to fall into recession and hurt demand from China's largest market. China's gross domestic product, the broadest measure of its economic health, is still growing at an 8.1% annual rate in the first quarter. But that was sharply lower than the 8.9% growth at the end of last year. " We believe that the rate cut will be effective in meeting the short-term objective of getting credit and the economy moving," said Mark Williams, chief Asia economist for Capital Economics. " There could be no stronger signal that policymakers are focused on growth. That alone should prompt more activity by the large state-owned sector." Given the higher interest rates already in place, China's central bank has much more room to work with to stimulate its economy than do its Western counterparts. |
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Bintang
Elite |
07-Jun-2012 19:02
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$1.25 broken again .
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rutheone1905
Veteran |
07-Jun-2012 17:36
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wait for coy share buy back OR QE announcement, otherwise let me short this counter k? thanks.
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rutheone1905
Veteran |
07-Jun-2012 17:30
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i tot i mentioned many time dont touch sakari, goldenagri. when little up faster sell, not little up faster buy at cheap price........same to goldenagri |
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susan66
Master |
07-Jun-2012 17:14
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Seems downtrend still intact, drop back very fast from $1.32 to $1.22! 
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