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In a situation like this, I don't care whether if the fraud is real or not.
Run first and then decide later.
If the fraud is real, the price will goes down further.
If the fraud is false, the price will takes it time to climb.
It's better to protect your capital first.
pharoah88 ( Date: 21-May-2010 15:59) Posted:
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i did not hear anything concrete aand hence i cant say i heard anything else i will mislead pple.. im just sharing my views!!!
btw, u are not on yzj cruise anymore?
nvr hear u there already haha
i have clsoed most short positions in wilmar by now...cos i kiasi.. scared weekend la kopi session will turn into a green light on monday
pharoah88 ( Date: 21-May-2010 15:52) Posted:
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For several lOng lOng lOng DECADES, Malaysian Plantations did nOt have any UPSETS.
within few shOrt shOrt shOrt years, INDONESIAN plantations experienced UPSETS One after anOther ....
SWEET SOUR WEALTH ????
something that involves this monster amout of WEALTH probably means that many mouths and lips had been SWEETENED....
In the process of SWEETENING, sOme must be SWEETER while Others are lesser in SWEETNESS....
Chinese SAGE says,
"When SWEETNESS is nOt equally cOntented, sOmeOne and sOmething WiLL definitely tUrned sOur ...."
and may be even BLOODY like in THAILAND nOw ....
pharoah88 ( Date: 21-May-2010 15:59) Posted:
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PPB Group Bhd, a Malaysian plantation and property group, fell the most in almost three months after its affiliate Wilmar International Ltd was downgraded at Credit Suisse Group AG.
Shares of PPB slid 2.4 per cent to RM17.20 at 9:55 am local time in Kuala Lumpur trading, set for its steepest decline since February 25.
Credit Suisse cut Wilmar’s stock rating to “underperform” from “neutral”, citing a newspaper report the company is being investigated in Indonesia.
Wilmar said yesterday in a statement in Singapore yesterday that its Indonesian units have complied with local laws on value-added tax.
Read more: PPB Group slides on Wilmar downgrade http://www.btimes.com.my/articles/20100519101050/Article/#ixzz0oY69C2PR
Rp 3.6 trillion (US$385 million) tax fraud
hOw did this figure, Rp 3.6 trillion, come about ????
Some "insiders" must have been working on the figure befOre it is released ????
Chinese Sage says,
"nO hOle wOuld nOt raise air"
What makes yOu sO cOnfident ?
peOple are buying up ?
DiD yOu hear anything undergrOund ?
L..... ( Date: 21-May-2010 15:44) Posted:
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Tax fraud allegation illogical: Wilmar
Wilmar International Limited Group deems an allegation against the company about the Rp 3.6 trillion (US$385 million) tax fraud as confusing and illogical.
“The allegation on us is about a tax fraud that had been going on for the last three years. If that was the case, then why hasn’t the taxation office investigated us until now?” Wilmar Business Development Manager Max Ramajaya told The Jakarta Post by phone on Tuesday.
The allegation on Wilmar was first opened into the public eye by Bambang Soesatyo, a Golkar Party legislator at the House of Representatives’ special committee on taxation frauds.
Bambang said that Wilmar had allegedly receiving fraudulent tax restitutions from 2007 to 2009.
Max, however, said that Wilmar would not sue Bambang for defamation.
“Pak Bambang is only doing his job to follow up reports submitted to him,” he said.
Max also said that Wilmar was willing to cooperate should the committee decided to summon them for clarification on the case.
pharoah88 ( Date: 21-May-2010 15:09) Posted:
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pharoah88 ( Date: 20-May-2010 10:42) Posted:
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pharoah88 ( Date: 21-May-2010 15:41) Posted:
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L..... ( Date: 20-May-2010 10:18) Posted:
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WE have run our country quant model and the following are the key changes this month:
1. Upgrading Turkey to equal-weight from underweight;
2. Downgrading Malaysia and Thailand to equal-weight from overweight;
3. Initiate Colombia with equal weight (Israel leaves the MSCI EM index this month).
Overweight countries are China, Korea, Russia, Brazil and the Czech Republic while underweight countries are Mexico, Chile, INDONESIA, Hungary, Peru and the Philippines
Overall market situation — significant value appears
The travails of the eurozone and the reduction in risk appetite have led to significant value reappearing in Asian and emerging market (EM) equities, in our view. The forward PER for MSCI EM has fallen to just 10.8 times. This is now 15% below the long-run average of 12.7 times and compares with a 1 standard deviation (SD) cheap level of 9.5 times.
Meanwhile, earnings revisions breadth has stabilised in positive territory, suggesting — at least for now — that bottom-up analysts are not reducing estimates in response to the crisis in Europe.
Broadly speaking, we agree with this stance. In fact, our economics team has in recent weeks upgraded its global gross domestic product (GDP) growth forecast for 2010 from 4.4% to 4.7% and for 2011 from 4% to 4.2%, mainly due to an increase in the forecast growth rate of the US.
The fastest rates of economic growth this year are expected by the Morgan Stanley macro team to be in China, India, Brazil and Russia. The slowest are expected in Hungary, the Czech Republic, Poland and South Africa.
Summary: Wilmar International Limited (WIL) announced that it categorically denies allegations that its subsidiaries’ value-added tax restitution claims involving its palm oil exports in Indonesia are questionable and fictitious; this in response to two Indonesian media reports that WIL had received or was due to receive total “questionable” tax refunds worth 3.6b Indonesian Rupiah (US$385m) over the three years from 2007 to 2009. WIL also categorically denies allegations that it has manipulated its financial statements and colluded with Indonesian tax officials in the process. According to its official statement, WIL says it is confident that its “subsidiaries are and have at all times been in full compliance with all relevant Indonesian value-added tax laws”. However, WIL has not elaborated on what it intends to do to clear these allegations. As such, we believe this statement may not be enough to allay the market’s concerns. Pending further details from the company and also the Indonesian government, we place our BUY rating and S$7.95 fair value UNDER REVIEW. (Carey Wong)
pharoah88 ( Date: 20-May-2010 10:37) Posted:
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got pple HUAT w me yesterday????
short arghhhhhhhhhhh
L..... ( Date: 19-May-2010 10:44) Posted:
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wah mkt is short of such interesting events!!! short arhhhhhhhh
dyodd
nickyng ( Date: 19-May-2010 10:37) Posted:
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Further to the announcements made by Wilmar International Limited (the “Company”) in connection with the proposed listing of its subsidiary, Wilmar China Limited ("Wilmar China") on the main board of The Stock Exchange of Hong Kong Limited (“HKEX”), the Company wishes to announce that Wilmar China's listing application to the HKEX has lapsed.
The Company has no current intention to submit a fresh listing application to the HKEX for the listing of Wilmar China. It is to be noted that in accordance with HKEX's guidance letter HKEX-GL7-09 (July 2009), HKEX considers any new application submitted within three months of a lapsed application as a renewal/continuance of the original application.
Shareholders and potential investors are once again advised to exercise caution when dealing in the securities of the Company.
Its does mot mean that the plan is off until 3months later. The news about delay in listing was made known much earlier. this is just a confirmation. I would not write it off yet.