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Sakari
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hlfoo2010
Veteran |
03-May-2012 11:57
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Acc at 1.99 , waiting the day reach 3 or 3.15 like last year 1st june. I like the mgt team presentation during the Q& A , appear to be exp operational people
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seanpent
Elite |
03-May-2012 10:23
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lai liao ? 2.3+ on the way ? | ||||
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rutheone1905
Veteran |
03-May-2012 10:21
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Sakari for once i say its green. Down due to Ex. Watch for the buy/sell/queue volume, when time to enter, go for it. (no more penny play here, back to fundamental) Jel & TT still in penny play.....love it. |
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seanpent
Elite |
03-May-2012 10:08
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if accumulation in progress at this consolidation level, will it test high highs above 2.12 in coming days ? | ||||
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seanpent
Elite |
03-May-2012 10:05
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u accumulating at 2.03 ? seems like buy queues at this level keep appearing ?
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Sgshares
Elite |
03-May-2012 09:30
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hmmm... as expected...
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cheekong22
Member |
03-May-2012 09:12
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Sakari Resources (SAR) rebounded 6.6% yesterday to $2.10, reversing a 2-week slide. 13.5mn shares traded, which was more than x times of last week’s average daily volume. Macquarie Equities Research (MER) has an Outperform rating on SAR, with a target price of $3.50. Only way is up after tough 1Q SAR reported 1Q12 results after market on Monday, with NPAT of US$14.5m (-65% YoY) due to softer production (1.45mt, -40% YoY) and higher cash costs (+40% YoY) at Jembayan. A combination of the 4Q11 Mahakam bridge collapse and rainfall led to soft production, before management sped up opening new Jembayan pits in 1Q. Whilst 1Q results are clearly weak, MER sees the potential for a rebound due to increasing production, lower production costs, and hopefully rallying coal prices. MER maintain Outperform call whilst flagging ~10-15% downside risk to MER’s 2012 earnings estimate when incorporating lower Average Selling Price (ASP) and slightly higher cash costs which still places it in a 7-7.5x FY12E PER. Restructure of Jembayan mine completed ahead of expectations. SAR has now opened up both pits which led to production of only 1.45mt and cost increasing to US67.52/t. MER now expects a sharp acceleration in production to around 2.5 - 2.75mt by 4Q12 with costs trending below US$60/t. Sebuku mine running strongly. According to MER, the Sebuku production remains strong, with management re-iterating guidance of at least 2.5mt. Cash cost in 1Q12 was higher at US$42.5/t, due mainly to lower production at 519kt (v 800kt in 4Q11), and lower sales from higher inventory. MER expects production to accelerate back to around 1mt for 4Q12, driving cash cost back to around US$35/t. 1Q12 ASP trending above guidance. A positive surprise was the US$94/t ASP, well above guidance at US$85-90/t. SAR has now fixed prices for 35% of volumes. A number of contracts are now being negotiated following the JFY12 contract of US$115/t. Management is confident of a strong pick up in demand in 2H12 in addition to believing pricing is now at the cost curve. M& A environment improving. Management highlighted an improving M& A environment given partly by the uncertainty around recent regulatory changes. Sakari is seeing an increasing number of new opportunities as a result. US$10m of one-offs. Management claim that there were US10m in one offs from a prior insurance claim (US$1.5m), dead freight charges (US$3.2m), Domestic Market Obligation costs of US$2.2m and a US$3m derivatives loss (which has now reversed to be a US$5m gain in April). | ||||
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cheekong22
Member |
03-May-2012 09:10
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i just went in long 20 lots. sakari chiong all hte way. market in in a bull now. US data is very good. as long as US good, we are in bull | ||||
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ozone2002
Supreme |
03-May-2012 09:07
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drop only 5c.. lets see the buying momentum |
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wangerism
Veteran |
03-May-2012 09:01
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time to go in today... |
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iPunter
Supreme |
03-May-2012 04:14
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You are right... there's no point in holding on when one is on the wrong side... never fight the market... 
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rutheone1905
Veteran |
03-May-2012 00:46
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Resistance 2.02 Support 1.98 Since resistance had been breached and pennies bull now it is safe to enter with good room from previous peak. Today Exdate, see the drop first n if the trend still strong then go for it. |
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susan66
Master |
02-May-2012 18:32
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Why still hold on shorts when you say it's a confirm bull now? You can reverse it quickly or set stop loss accordingly. 
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francesco2222
Member |
02-May-2012 18:22
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Shares in Sakari Resources Ltd gained on Wednesday as the Indonesian coal miner is expected to reduce costs at a key mine this year, shrugging off poor first quarter results. Sakari stock rose 3 percent to S$2.03, bringing its gains so far this year to around 10 percent, with OCBC Investment Research maintaining its buy rating on the miner despite reducing its target price to S$2.29 from S$2.76. Sakari's Jembayan mine in Kalimantan, Indonesia, had been hit by bad weather and management brought forward the opening of two new pits there, driving up cash costs to $67.5 per tonne in the first quarter. But OCBC said in a report that Sakari believes operations at Jembayan are set to return to normal over the year. " (Sakari) remains confident that it can achieve a cash cost of low- to mid-US$60/tonne this year," OCBC analysts wrote. |
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CrazGreed
Senior |
02-May-2012 16:49
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i never put hope on Europe...they are all lazy ppl enjoying all the income inequality and currency gap btw west and east. ... my concern is how bad singapore will be dragged?
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wangerism
Veteran |
02-May-2012 16:39
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their economy is already in deep recession... share price is all supported by their 1T monetary easing to hold the market....how long can these paper withstand the fire??? |
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Sgshares
Elite |
02-May-2012 16:24
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Euro-zone manufacturing PMI confirms April dropFRANKFURT (MarketWatch) -- Manufacturing activity across the 17-nation euro zone shrank at a faster pace than previously estimated in April, underlining fears of a deepening recession for the region, according to the final April Markit purchasing managers' index for the sector released Wednesday. The index fell to 45.9 from a reading of 47.7 in March and was below an earlier estimate of 46.0. A reading of less than 50 indicates a contraction in activity. National data showed accelerating downturns for Italy, Spain and Greece, while core countries also saw shrinking activity. Germany's manufacturing PMI fell to a 33-month low at 46.2. " Manufacturing in the euro zone took a further lurch deeper into a new recession in April, with the PMI suggesting that output fell at worryingly steep quarterly rate of over 2%," said Chris Williamson, chief economist at Markit. |
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CrazGreed
Senior |
02-May-2012 16:17
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i have earned enough kopi money...if u dun feel like longing, suggest...leave..at your own risk | ||||
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hlfoo2010
Veteran |
02-May-2012 16:03
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UP & UP & UP | ||||
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Sgshares
Elite |
02-May-2012 15:54
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will tmr gaps down when market opens? | ||||
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