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rotijai
Supreme |
22-Feb-2011 11:59
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china's gonna increase the interest rate soon anyway.. if our inflation here continues to go up.. sooner or later our interest rate will go up also.. this drop isnt panicking enough leh.. waiting for smth like last last friday when it dropped further after a huge fall.. the whole market went 'cold'..
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spicy88
Senior |
22-Feb-2011 11:58
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STI, Daily, 21 February 2011 Source: Bloomberg, Phillip Securities Research The STI is consolidating within the 3120 and 3050/43 region after the sharp sell down 2 weeks back. There are a few minor support/resistance levels in between, but 3120 and 3050/43 are the major levels to watch at this point. A breakout above 3120 or below 3050/43 will likely give the STI more directional impetus. In the short term, STI’s close on Friday was a shooting star telling of heavy selling off day highs (3111, near resistance region). No surprises for yesterday’s down day in light of Friday’s close. Price found support in the 3060 region where there’s minor support, cautious of the 3050 region. A break of 3050/43 region would likely take the STI to 3000, a round number. There’s actually no real support there except the fact that it’s a round number. Next significant price based support is at 2950/60. While we are not calling for a sell down to 2950, we certainly are saying that a breach of the 3050/43 region would signal increased odds of downside momentum continuing. Hands off now....should  monitor for next support...
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cannotfind
Elite |
22-Feb-2011 11:58
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so much of anxiety waiting for GEN announcement | ||||
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cannotfind
Elite |
22-Feb-2011 11:54
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so many if ah.... if I win toto last week, I won't be here anymore
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epliew
Supreme |
22-Feb-2011 11:54
![]() Yells: "no worries be happy !" |
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hey it it really hit 1.9 ....... 1.86 may come...
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rotijai
Supreme |
22-Feb-2011 11:49
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if china announces another interest rate hike this week and sg increases interest rate this month.. we will be seeing sti below 2900.. wooo |
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rotijai
Supreme |
22-Feb-2011 11:44
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nop, not jumping in. queuing at 1.9 (i doubt i will get it today ) :P may be more lau sai coming in the afternoon.
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epliew
Supreme |
22-Feb-2011 11:41
![]() Yells: "no worries be happy !" |
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don't be silly. BT already gone for breakfast meaning.... no show.... gaecia  looking at shorting.... don't jump in lah.....
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artng25
Senior |
22-Feb-2011 11:29
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16 February 2011 Asian Daily DISCLOSURE APPENDIX CONTAINS ANALYST CERTIFICATIONS AND THE STATUS OF NON-US ANALYSTS. U.S. Disclosure: Credit Suisse does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision. Wilmar International ---------------------------------------------------------Maintain OUTPERFORM Wilmar – A proxy to China This is an excerpt from our Palm Oil report, What goes up must come down, dated 16 February 2011. Wilmar is the only stock in the palm oil space with an OUTPERFORM rating. Erring on the conservative side. We have revised up our palm oil price assumption to RM2,950 (from RM2,300) in FY 2011 and have maintained it at RM2,500 in FY 2012. As upstream plantations accounts for less than one quarter of its total profits, this revision has a minimal impact on Wilmar. We have decided to err on the conservative side and have pared down our FY10-12 earnings forecasts by 6-10%. As a result, we have revised down Wilmar’s target price to S$6.40 (from S$6.60). The new target price is based on a P/E blend of 17.3x versus 18.7x previously. Wilmar has underperformed by 4.5% since it announced its maiden foray into property development in China. Wilmar (via a 35% associate) has co-invested with Kerry Properties (40% stake) and Shangri-la Asia (25% stake) to venture into property development in Tier 2 and 3 cities in China. The JV will continue to bid for other property sites in the future. It is not surprising that the market reacted negatively, since it is seen to be diversifying from its core competencies. In reality, the impact on Wilmar should be minimal as: (1) it is only a 35% associate stake, (2) the investment is less than 3% of Wilmar’s NAV and (3) plantation companies have traditionally been involved in property development e.g. IOI Corp and Sime Darby. Market is more worried about its oilseed and consumer divisions. We believe that the market is more worried about Wilmar's future profitability rather than its foray into the property business in China. We believe Wilmar’s share price has been hit for the following reasons: (1) there will be continued government interference in China to curb rising commodity prices after China reported rising inflation, (2) the market is worried that Wilmar has not unwound the lossmaking positions which led to its poor 3Q10 results. Interest will return when China is back in favour. Wilmar is a proxy to China, and we believe that interest in the stock will only return when China is back in favour. We maintain our OUTPERFORM rating, believing in Wilmar’s long-term strategy in China. Based on our estimates, Wilmar trades at FY11 and FY12 P/Es of 16.3x and 14.5x, respectively.
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rotijai
Supreme |
22-Feb-2011 11:24
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ipunter and gaecia, sti is at 3020+ now.. which means tat potentially sti will slide another 20 before it gets nearer to 3k's support ? or 3k isnt a support ? |
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artng25
Senior |
22-Feb-2011 11:22
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February 16, 2011 EARNINGS PREVIEW Wilmar International (WLIL.SI) Neutral Equity Research 4Q 2010E: lowered consensus expectations limit downside risks What we expect We lower 2010-2012E EPS by 3%-7%, due to lower Palm & Laurics volumes (industry crude palm oil (CPO) production has been lower than expected), lower Consumer Products margins (cooking oil prices have not been raised despite rising soyoil prices) and lower Oilseed & Grains margins (due to hedging - Wilmar’s domestic competitors tend not to hedge, may benefit from the rise in soybean prices and hence undercut industry crush margins). This is partially offset by higher CPO prices. Our 2010E forecasts now imply trough margins for Oilseeds & Grains and Consumer Products in 4Q10, while Palm & Laurics margins should still be strong on high CPO prices. We lower our Director’s Cut based 12-mo TP to S$6.00 (prior S$6.25) and maintain Neutral. Risks include lower than expected profit margins. We expect 4Q2010 results next week on Feb 23, 2011 and are now forecasting US$ 430mn in net profit for 4Q 2010 (while Bloomberg consensus implies US$ 365mn). What could surprise us The stock price has lost 16% over the last 3mths, underperforming the market by 12%. The market has been concerned on weak profit margins in 4Q2010, but with the recent consensus earnings downgrades (down 25% over the last 3 months), we believe Wilmar is unlikely to disappoint the lowered expectations and hence downside risks may be more limited. The market may also react positively if the company announces a cooking oil price increase.   The Goldman Sachs Group, Inc. does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision. For Reg AC certification, see the end of the text. Other important disclosures follow the Reg AC certification, or go to www.gs.com/research/hedge.html. Analysts employed by non-US affiliates are not registered/qualified as research analysts with FINRA in the U.S. |
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rotijai
Supreme |
22-Feb-2011 11:21
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may be i will get cosco at 2.00 today..lol | ||||
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iPunter
Supreme |
22-Feb-2011 11:18
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Any stock is shortable (or buyable)... All is betting...       But make sure to short only when it is in demand at the top end...           because if you short when it is in demand at the bottom end,                 you may easily 'get the daylight whacked out of you' by the market... ![]()
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rotijai
Supreme |
22-Feb-2011 11:17
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wah.. gsp is strong still today.. | ||||
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yummygd
Supreme |
22-Feb-2011 11:15
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gmg ivory coast prob again. so sian never ending. Genting I think someone trying to collect la.
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epliew
Supreme |
22-Feb-2011 11:13
![]() Yells: "no worries be happy !" |
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wilmar 23 feb 2011. trade with care....
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hotokee
Veteran |
22-Feb-2011 11:11
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Not spilling cold water. Just beware of this stock dropping sharply.   It might make a move more than you can imagine.   Look at the chart and guess how much it could fall. It is scary!
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Gaecia
Elite |
22-Feb-2011 11:11
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ipunter expert, do u think wilmar is  shortable?  ![]() does anyone knows when is wilmar reporting FY2010?
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iPunter
Supreme |
22-Feb-2011 11:03
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It is a basic concept (and reality) of chart reading,             otherwise known as 'technical analysis'.. . ![]()
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flekzout
Member |
22-Feb-2011 11:01
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lol.. whats that trend and trending???
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