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GoldenAgr

KiLrOy
Master

27-Mar-2010 12:23

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Yells: "I buy only what I can see."

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Red circle to indicate to you that the downtrend (RED LINE) is gaining momentum.

Greenhills? Its just a shade to show that the Oscillator - CCI (use only for ranging price action) is in the OVERBOUGHT region.

pharoah88 ( Date: 26-Mar-2010 10:40) Posted:

thank you for this beautiful chart analysis.

What is that Red Circle?

What are those Green Hills?

KiLrOy ( Date: 25-Mar-2010 20:41) Posted:

The hope for a continuous uptrend is dashed. The lower support of the uptrend channel has been breached today and the negative trend is starting to gain momentum.

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shien86
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27-Mar-2010 11:56

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why said like that?? dun understand wor!!!

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pharoah88
Supreme

26-Mar-2010 10:49

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Chinese SAGE said, "If One is nOt cunning enough, One cannOt succeed in business."

Of course, it was in Mandarin.

"不奸不商, 不贪不官"

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pharoah88
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26-Mar-2010 10:41

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management is unethical

can further growth be achieved illegally?

Hulumas ( Date: 24-Mar-2010 14:24) Posted:

HOLD, good stable growth counter.

Sharksage ( Date: 24-Mar-2010 13:23) Posted:

huat!

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pharoah88
Supreme

26-Mar-2010 10:40

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thank you for this beautiful chart analysis.

What is that Red Circle?

What are those Green Hills?

KiLrOy ( Date: 25-Mar-2010 20:41) Posted:

The hope for a continuous uptrend is dashed. The lower support of the uptrend channel has been breached today and the negative trend is starting to gain momentum.

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KiLrOy
Master

25-Mar-2010 20:41

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Yells: "I buy only what I can see."

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The hope for a continuous uptrend is dashed. The lower support of the uptrend channel has been breached today and the negative trend is starting to gain momentum.

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Zhiwei
Senior

25-Mar-2010 17:34

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can see someone try to throw huge volume of their shares....just wait and see who is the burger who want to make this counter dip...anyway..still hold on to it to see 0.6 . Smiley

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pharoah88
Supreme

25-Mar-2010 15:22

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STi is nOw a One-NiGHT STAND markEt.

cannOt lOvE thEm anymOrE

TiGER nEo is shOOting hErE shOOting thErE

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Hulumas
Supreme

24-Mar-2010 14:24

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Yells: "INVEST but not TRADE please!"

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HOLD, good stable growth counter.

Sharksage ( Date: 24-Mar-2010 13:23) Posted:

huat!

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Sharksage
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24-Mar-2010 13:23

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huat!

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renzokun
Senior

24-Mar-2010 13:00

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hmm...ocbc gettg out oso

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beidou
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24-Mar-2010 10:47

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See the following but my entry target is $0.50 in order to have a greater margin of safety.

________________________________________

Golden Agri-Resources
March 23 close: $0.565
OCBC INVESTMENT RESEARCH, March 22

NESTLE, the world's largest food company, has dropped Sinar Mas Agro Resources & Technology (Smart), a subsidiary of Golden Agri-Resources, as its crude palm oil (CPO) supplier, replacing it with another supplier for further shipments; this following allegations by Greenpeace that the Indonesian palm oil giant has been destroying the country's rainforests and peatlands through rampant deforestation.

As part of its commitment to using only 'Certified Sustainable Palm Oil' by 2015, Nestle further adds that it will put pressure on its suppliers to eliminate any sources of CPO which are related to rainforest destruction and to provide valid guarantees of traceability as quickly as possible.

Smart has denied the latest allegations and, in an interview with Bloomberg, stressed that it remains committed to applying responsible land clearing and the best practice of farming management in all of its plantations.

While Smart did not reveal how much Nestle contributed to its sales, we understand that it is likely to be pretty insignificant at less than 0.5 per cent of overall sales; the group sells most of its CPO to customers in China and India, where demand for CPO is expected to track the rapid urbanisation in these countries. As such, the financial impact from the latest development, if any, will probably be very limited for Golden Agri, although Smart may suffer some minor setback to its reputation.

We believe that the adherence to guidelines laid out by the Roundtable for Sustainable Palm Oil (RSPO) will become more important as the Nestle development suggests that businesses are paying more attention to 'green practices'.

However, the push for full RSPO-certified CPO is still expected to be quite gradual; a Dow Jones report estimates that the total amount produced through sustainable methods is still quite small at 1.5 million tonnes, compared to the 45 million tonnes of annual CPO output globally.

As such, we continue to remain upbeat about Golden Agri's medium-term prospects and maintain our 'buy' rating and $0.66 fair value.
BUY

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beidou
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24-Mar-2010 10:18

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OW = over-weight, my guess only. :)

Salute ( Date: 21-Mar-2010 23:48) Posted:

pei sei, what is OW in the 3rd last sentence

stkoh78 ( Date: 19-Mar-2010 14:10) Posted:

Another major customer off the list: According to a Bloomberg article,
Nestle, the world's largest food maker has cut Golden Agri as its palm oil
supplier amidst fresh allegations from Greenpeace that the company has
unlawfully destroyed rainforests for palm oil plantations. Nestle is amongst
GGR's top global customer list. Greenpeace says it has “evidence that Sinar
Mas (GGR’s parent company) is breaking Indonesian law” and ignoring
international environmental commitments. Nestle reiterated its commitment to
use only certified sustainable palm oil by 2015. According to Greenpeace
report, Kraft is also said to have cancelled its contract in early 2010, while
Sainbury’s and Shell have stated that they will not buy palm oil from the
company.
• Impact on Golden Agri: This news comes 3 months after Unilever
suspended a US$33m palm oil supply contract with GGR which was
estimated to impact about 2-3% of the company’s FY10E revenue and
earnings (Golden Agri-Resources Ltd: Unilever suspends palm oil purchase
dated 14 December 2009). According to management, Unilever was the
largest industrial customers while other industrial customers, like Nestle,
account for less than 0.5% each of group revenue.
• Compliance with RSPO guidelines gaining importance: The recent
allegations from Greenpeace have been centered around Sinar Mas entities
signaling the increasing importance of RSPO certification or compliance with
RSPO guidelines. We believe the implications may be far-reaching as major
food makers continue to take a more stringent approach in their procurement
process, especially for those in the EU. EU is the third largest palm oil
importer accounting for 14% of global palm oil imports.
• Maintain UW on GGR: We remain concerned that GGR’s plantation
practices may result in more contract cancellations. In Singapore, we reiterate
our preference for Wilmar. We also like First Resources for its strong
organic growth upstream with estimated EPS CAGR of 17-20% for the next 3
years. First Resources sells its CPO mainly to palm oil processors/exporters so
it has lower risk, so long as it complies with RSPO guidelines as it does not
deal directly with the food manufacturers. Within the region, we are also OW
on Astra Agro and London Sumatra in Indonesia; Sime Darby and KLK in
Malaysia (prefer SIME).

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KiLrOy
Master

23-Mar-2010 23:20

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Yells: "I buy only what I can see."

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0.56 seems to be holding well. Friday we may see some movement (likely upside) since the last trend was up. Mind you the price action hasnt breach the lower support of the uptrend channel yet.

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renzokun
Senior

23-Mar-2010 22:32

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tis counter exhausted or wat..getg weaker each & no more big buy ups..gues really haf to wait for 50c, mayb 46c sme says

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shien86
Member

23-Mar-2010 22:10

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when it will reach 0.575????

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Zhiwei
Senior

22-Mar-2010 19:39

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potential uptrend share...should see 0.6 to 0.7 in mid term ...dyodd

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pharoah88
Supreme

22-Mar-2010 19:02

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GoldenAgr

Symbol:
E5H

Currency:
Singapore Dollar

Last:

0.56

-0.0050

Vol (K): 44013.0

Corporate Action - Cum Dividend

Trading
Updated Time	22-Mar 17:05
Open	0.555	High	0.57	Low	0.555
Prev Close	0.565	Buy	-	Sell	-
Volume(K)	44013.0	Buy Vol(K)	-	Sell Vol(K)	-
52 Wk High	0.645	52 Wk Low	0.26	52 Wk Avg Vol	78811.47
All Time High	1.23	All Time Low	0.155
Comments	No Info

*Reporting Currency in USD
Important: ShareJunction obtains our finance data from a third party. Check financial year before use. EPS values are recorded up to two decimal points.

Financials
Date Updated	26 Feb 2010	Financial Year	31 Dec 2008
Current Year Profit (After Tax) $'000,000	1382.53	Previous Year Profit (After Tax) $'000,000	1164.79
Net Asset Per Share	0.37	Turnover $'000,000	1277.51
Current Year EPS (After Interest and Tax)	0.11	Previous Year EPS (After Interest and Tax)	0.1
PE Ratio (After Tax)	3.4	Times Covered	24.9
Price (at update time)	0.53	Dividend Yield	0.01

*Technical Analysis Information is updated Daily

Technicals
RSI	54.98	Williams %R	-43.75
Comments (RSI)	No Info	Comments (W%R)	No Info

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KiLrOy
Master

22-Mar-2010 01:10

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Yells: "I buy only what I can see."

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If you think in the middle play buy 50cts sell 60cts. :) 50 lots @ 0.50 sell at 0.60 is 5K profit thats 20% profit.

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renzokun
Senior

22-Mar-2010 00:44

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of all e news, talks..noise watevr, its either 50c or 60c bt nw in e middle..so hw? stay sideline...heex

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