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thanks for the explaination
Golden Agri-Resources Ltd
Sub-Division of every one (1) existing ordinary share into two (2) ordinary shares
For more details, please click here.
In Summary, Shares of the Company will be traded as follows:
Up to 19 Feb 2008 : Shares before the Sub-Division (iOCBC stock code: C6K)
From 20 Feb 2008 : Shares after the Sub-Division (iOCBC stock code: E5H )
For illustration purpose:
If you have 1000 Shares on or before 19 Feb 2008, your new holding will be 2000 shares from 20 Feb 2008 onwards.
can anyone explain to me what is "buy in only"? first time see this legend "BI" ...wad's tt mean.......
it has been inching and itching to break towards the $2 barrier
OCBC issued BUY call today...
As oil price rebound above 90USD/barrel, CPO will follow....
Accumulate when price is low...
Think FR is not in it; at the time, not listed yet.
Only can find IndoAgri included in the FTSE ST Mid-Cap!
Which index is FirstRes, GoldenAgri, IndoAgri group under the new FTSE Index ?
I heard that GoldenAgri is going to have a stock split. This is to have a good mix of both institutional and retail investors. With more stocks available in the market, it wil promote more trading. Can't wait for this counter to cheong ah!!!
What is the TP for CIMB call?
CIMB-GK just issue a trading buy at this counter.
Good news. Expect more movement and play from BB.
Crude palm oil tracks crude oil as it is increasingly used as biodiesel.
This counter is DBS Vicker top pick for plantation stock this year as per latest report released yesterday.
Average TP = 2.50
Some suggested that the palm oil price is somehow correlated to oil price movement. If this is true, then the price will likely outperform the current market.
Good luck.
GAR rose as investors cheer the company's proposed 1-for-2 share split to boost affordability and trading liquidity.
Hold up well in the bearish market..with strong volume
great potential...
As mentioned in my earlier post, the earlier sell down after reporting of "so called poor result" was a trick to "scare off " investors.
The Golden journey continues to reap the golden harvest.....
9M07 estimated core net profit (excluding biological gains) of US$188m is below expectation as it accounts for only about 58% of consensus and CIMB's full-year forecasts. The weaker results were due mainly to a higher-than-expectedeffective tax rate of 27% for 9M07 against our full-year forecast of 22% on lower taxrelief.
3Q net profit included a US$92.9m net gain from changes in biological asset values due to higher CPO prices. This brought thetotal gain in biological assets for 9M07 to S$523.6m.
3Q sales improved 83% yoy and 31% qoq on the back of higher CPO prices achieved. Average international CPO prices (CIF Rotterdam) gained 65% yoy to US$816 per tonne in 3Q07 due to tight global edible oil supplies. The strong prices coupled with higher FFB production boosted 3Q EBITDA margins by 10% pts to 28%. FFB production grew 10% yoy in 3Q as FFB yields from its estates recovered from drought conditions in 2H06.
CIMB are reducing their FY07 net profit forecast by 12% to account for a higher effective tax of 27% against their previous forecast of 22%. Their FY08-09 forecasts have been shaved by only 1% as they raise their effective tax rate forecast from 26% to 27%. They expect a better 4Q on the back of rising CPO prices.
Following CIMB's earnings downgrade, they have fractionally lowered their target price, which remains based on a forward P/E of 17x, from $2.60 to $2.55. They continue to favour the stock for its attractive valuations against its peers and exposure to rising CPO prices. Key catalysts could include rising CPO prices, improved corporate governance and progress in its JV with CNOOC.
Don't panic. Market plays the same trick when company so called report "dip in profit". Result first 9 months end Sept 07 is actually a rise in profit of 36%.
Well let's see how the price go.......
Target price $2.63 by DMG report dated 15 November.