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goldman issued a conviction buy for this counter!
anyone care to share the report?
MacD has been green for 5 days, still on the uptrend.
Accumulation is there. MFI is ok, momentum is going up.
o finally there's a tread on indoagri..
Not sure how long it will stay in green, maybe a day or two, chart show a long blip but is getting more bear than bull, unless the green is sustained for the rest of the week. Big volume though, be careful, BB playing this one.
same thing happening again..
crude oil up, commodity rotational play.. this counter likely to move up further when markets open tomorrow
Technicals trending up MACD,stochastic,CCI,MFI
DYODD
is it going to go down before going another up up again ??? seems that the increase too fast
ozone2002 ( Date: 12-Aug-2009 11:27) Posted:
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top vol again..n spike in price..
0208 GMT [Dow Jones] STOCK CALL: Morgan Stanley starts Indofood Agri Resources (5JS.SG) at Overweight, sets S$.190 price target. Tips palm plantation company to be beneficiary of strong crude palm oil price trend as estimates every 10% change in CPO prices boosts earnings by 15%. Says CPO prices underpinned by supply constraints, low stock-usage ratio, El Nino weather effect. Adds, new sugar plantation business, which will begin contributing to earnings in FY10, adds further growth driver. "We are positive on the sugar business outlook as local competition is scarce, the economics is good, and there are downstream synergies to be reaped." Adds, valuation one of the cheapest of Asia plantation stocks under coverage, with shares trading on FY10 P/E of 8.5X and FY09-FY12 earnings CAGR expected at 28%. Shares +7.2% at S$1.63; STI +1.3%. (KIG)
ozone2002 ( Date: 11-Aug-2009 09:37) Posted:
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huge buy ups @ 1.6..
looks like the Bbs are in this..
1.80 possible ??? :roll:
Good Stock To Hold. CPO market is getting better
CPO price is going down for a while ...
indo seems unscathed by all the panic..
pushing price further upwards..
there was a report that TP is $1.75
Just 1 week ago, I think we all remember reading a report very negative about the future of Palm Oil, Skully said in his blog also, how come suddenly the sentiment (reflected by the share prices of palm oil cheong for over 20%) changed? Goldman Sach changed the report? Is the future of Palm Oil really going to be bad? Are we over induldge ourselves of feel good buying or was the report rubbish worthless piece of propaganda so BB can buy at low? Comment and debate please.
Today rally is due to investor sentiment that economy is in better shape (lots of stock all went up).
Need to monitor next few days for better confirmation if it is really on uptrend
(my opinion)
chiong quite alot today. any chances of going higher?
Palm futures up 44-50 points at 2049, El Nino will come and output drop, Palm price will rocket as low yield eventhough plantation want to increase output. So the net effect will be zero compare to those who forecast bleak palm prices. Theoretically palm prices should go back to last 8 weeks prices. But the doomsayer palm oil forecaster didnt include the El Nino effect I guess.
wow...1.02 now!! still got room for further SHORT? :P
Between GoldenAgri and Indo Agri, which one is your favor? Anyone likes to share?
Based on their balance sheet, Golden Agri's 1st quarter performance plunges. i cannot see any latest updates on Indo Agri.
btw, is it Goldman have a $1.90 price target for IndoAgri?
Can some one tell me?
Sweet crude and Palm both up leh in bloomberg futures and palmoil.com futures...this poor fella fell quite a bit leh, can collect. TP is I think 1.22. All h u a t...