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I had 4 lots of this counter a yr back, after dividend distribution, they gave me only 400 shares.. anyone on the same boat? Meaning no matter how much it goes up, we cant recover at all..
Pension .. from where do you put 3.30? may I know?
It doesn't seem to have quota producation as much as Wilmar. It just want to make acquisition to London Sumatra Express just now. And as in its financial report, the production is still lower then Astra Agro Lestari, another player of Palm Oil. Indofood will just be possible to be the third largest palm oil production in indonesia.
Please enlightment
This counter is trying imitate Jade. Resistance at 1.3.
After a while it drops back again to 1.26.
Hi all, I want to believe that this counter can make us money. But I'm preffering the fundamental news over all. Since the palm kernel hasn't in production phase. I'm not considering to invest in this counter now. Unless you guys are long term investor.
This counter sure can make at least 1.8. But it should be after the management can make their kernel effective at least 90%.
after reading abt indo agri, i checked it out on metastock.. it triggered "buy" signal when i used different analysis charts. but then again, can only use it as a guide. in fact, after using this chart, i find myself in a better position to decide to buy or to sell.. may consider buying a little to keep but gotta depend on 2moro opening..
hallo DnApeh. I got burn lastime too. But I still play it. Just watch it's movement, buy when it's getting stabilize and sell it after 2-3 hops.
Usually can getin arround 1.x .. sell it arround 1.08. And wish it cans go down again to 1.x :D
Just enjoy the game bro.
Indofood Agri Resources (IFAR.SI)
Return Potential: 65%
Misunderstood plantation stock; initiate with Buy, on Conviction List
Source of opportunity
Despite its low-margin downstream cooking oil business, we believe IFAR
could be a net beneficiary of rising CPO prices as it passes on most of the
higher costs to consumers while its upstream plantations enjoy higher profit
margins. We also believe that its proposed acquisition of LSIP could surprise
the market on the upside in terms of potential cost savings and EPS accretion.
The stock is down 60% over the last 7 months, and is 20% below its initial
listing price of S$1.25. We see this as a potential buying opportunity. We
initiate coverage with a Buy rating and add the stock to our Conviction List.
Catalyst
1) Rising CPO prices ? every 5% increase in CPO prices boosts FY08E EPS
by 12%, and subsequent quarterly earnings may validate IFAR?s positive
earnings correlation to CPO prices, 2) Earnings upgrades - our FY08E-09E
EPS includes the potential LSIP acquisition (based on a 64.4% stake) and are
22-30% above consensus. 3) Potential cost savings at LSIP ? we estimate
that every 10% decline in costs could enhance IFAR?s 2008E EPS by 7%.
Valuation
Our 12-month target price is S$1.65, based on 14X 2008E P/E, consistent
with our target multiple for Indonesian plantations stocks AALI and LSIP.
IFAR?s trading range since listing is 8X-19X, while AALI and LSIP have
been trading within the 7X-15X range over the last two years.
Key risks CPO price drop, high gearing, potential fund raising for planned LSIP acquisition. Impact on related securities
IFAR comprises 41% of Indofood?s (INDF) SOTP, where it is valued at 14X
2008E P/E. A further 10% increase in IFAR?s market value with no holding
company discount could boost INDF?s SOTP by 4%.
I played with this counter so long time already. Instead of making money, I burried myself.
From the news, it was said Indoagrii will London Sumatra Express with premium price. From last year it was targeted (12-months) to 2.0. move to 1.65 and before this time, down to 1.40. Can we still believe this time? Invested for 12 month, got nothing except burned.
I did some researches. I see abundan of its palm kernels haven't matured yet. Think it will take some time to be really profitable. On July, I read a news that said their palm kernel will start producing after 6-9 months. Remember majority Palm Oil market in indonesia is dominated by Astra Group.
Now, still need 12 months to reach 1.65? Let's drag another 12 months. Last year 12 months TP hasn't reached yet. Even it was only 1.40 ... :D.
Hi Zhugeliang, is there anyway we can get this Goldman sachs report?
Only know this news at the evening time on Business Time, which is too late , the market already close with share skyroketed ...
Shares of Indofood Agri Resources jumped after Goldman Sachs started coverage of the stock at "buy" and a 12-month target price of $1.65.
Goldman Sachs said in a client note that Indofood's earnings would be boosted by rising CPO prices. The firm is also likely to reap cost savings from its proposed takeover of rival London Sumatra.