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CS Starts Wilmar At Outperform; S$1.50 Target
1545 [Dow Jones] STOCK CALL: Credit Suisse starts coverage of Wilmar (F34.SG) at Outperform with S$1.50 target price. Says stock attractive at FY07, FY08 P/E of 9.7X, 8.1X; 3-year EPS CAGR of 45% "significantly stronger" than peers. Expects palm, lauric arms to have 18% CAGR from FY05-FY08 due to capacity growth, rising margins. Adds most exciting growth prospects come from new ventures into biodiesel, "which is currently the hot sector to be"; company most aggressive in Asia as it will have over 1 million tonnes of biodiesel capacity in Indonesia by end-2007. Stock +7.8% at S$1.11. (FKH)
1545 [Dow Jones] STOCK CALL: Credit Suisse starts coverage of Wilmar (F34.SG) at Outperform with S$1.50 target price. Says stock attractive at FY07, FY08 P/E of 9.7X, 8.1X; 3-year EPS CAGR of 45% "significantly stronger" than peers. Expects palm, lauric arms to have 18% CAGR from FY05-FY08 due to capacity growth, rising margins. Adds most exciting growth prospects come from new ventures into biodiesel, "which is currently the hot sector to be"; company most aggressive in Asia as it will have over 1 million tonnes of biodiesel capacity in Indonesia by end-2007. Stock +7.8% at S$1.11. (FKH)
Wilmar Chart of RSI showed it is in a very oversold position. It should rebound.
PacAndes - positive on China fishery acquisition of fishmeal businesses in Peru
Anyway taking of what to buy, every day i am counting to the day Epure International day ipo. Preparing some cash to hum tum on it.
I think mati oso neber mind lahh... happy shiok shiok okkkk liao.
even it is something like half of Unifiber, oso one way oni mah..mati only, like mahati, mati oso want to mati into mati lahh.....
Wilmar is now riding high on commodities prices and oso builting 3 more plants for their own production, as price is alway trading in it forward position and well in advance by weeks and months so just been careful i think can help. I was just wondering how it is going to hit it tp price of $1.52 cents when commodities is sliding downward. hard time to achive, that what i'm thinking at this moment.
Ha, it won't happen but this stock will probably be like unifiber. High vol but do not have fantastic fundamentals.
Wilmar maybe sucking in alot of ppl $$$ this day, if it continue like this, will it turn into Ezhealth again ???.
Wilmar into plam oil (commodities) and PacAndes into fish (isit a commodities too ?) scream the head line Bull mkt in commodities looks set to end liao. Chk it out on ST paper Sept 12, 2006. Gold is down, Sugar is down by 20% or more define as bear mkt, Oil drop so is copper, Commodities may slide for another nine mths, said Mr Tony Dolphin who help manage S$198 billion Fund at Henderson Global investors in London.
Wilmar wait and buy lower, below 1.10
DJ MARKET TALK: ABN Starts Wilmar At Buy;S$1.52 Target Price
0945 [Dow Jones] STOCK CALL: ABN-AMRO initiates coverage of Wilmar (F34.SG) at Buy, S$1.52 target price; expects company to post impressive 51% 3-year earnings CAGR. Says growth driven by capacity expansion, increase in palm oil and refined product prices, and entry into biodiesel. Forecasts US$116.1 million FY06 net profit vs US58.0 million in FY05. Stock +6.3% at S$1.19.(JEM)
0945 [Dow Jones] STOCK CALL: ABN-AMRO initiates coverage of Wilmar (F34.SG) at Buy, S$1.52 target price; expects company to post impressive 51% 3-year earnings CAGR. Says growth driven by capacity expansion, increase in palm oil and refined product prices, and entry into biodiesel. Forecasts US$116.1 million FY06 net profit vs US58.0 million in FY05. Stock +6.3% at S$1.19.(JEM)
Pacandes - gd dividend and holds 31% of China fishery
SingGal, go have have a check if i am correct. i believe you would agree with me..
can see that those hot stocks are having inside selling for most of them. prepare to cash out and enter when weather clears. Cut lost with discipline
Below ipo stocks r good to for subscribtion, Wilmar and PacAndes, errr.....This two stocks maybe can....worthy to vest or not- reasons?.
Stocks worth buying Wilmar, PacAndes
Upcoming IPOs - Epure, Chemoil Energy Limited, China Bearing (Singapore) Ltd.
Stocks that interest me at this moment in time is Epure Int'l. A coming ipo stock deal with water treatment (IFC-world bank has pre-listing 13.4% interest), other stocks looking at is WTE and not oil stocks.
SP Land is on uptrend now. However this counter has low volume traded and its also relatively more expensive at $7 plus...
Singapore Land can be consider also.It is one of the biggest landlord in prime office building.Office rental going up for the next few years due to shortage of supply.Floating shares are about 27% in the market and held mostly by value investors.Currently the stock is uptrending.
i would say.. do the opposite.. look at oil counters going down.. good techs.. and good blue chips.. buy when they are cheap.. dun chase when they are high.
for oil.. i think middle east will once again erupt into war.. just a matter of time.
When you recommend, will be better if you justify with reasons so that all of us can learn what to look out for when choosing which stock to buy.
K1 Ventures would be a good choice too.