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yah thats why i thank ur effort
We have to share reliable news and info with sincerity and honesty in order to be successful in our trades. Am i right?
zhuge posted it le, thanks for posting here.
CIMB are raising their international CPO price forecasts by 3% to US$785 per tonne (CIF) for '07, 17% to US$950 for '08 and 18% to US$920 for '09 to account for recent changes in the supply-demand fundamentals of global edible oils. Following their revisions, they now expect international CPO prices to rise by 64% yoy in '07.
Their price upgrade is driven by rising edible-oil demand on the back of higher crude oil prices, strong demand from China and India and rising supply risks from a potential switch in acreage from oilseeds to grain products.
They have raised our '07 CPO price forecast by only 3.6%,
mainly to account for the recent spike in prices, which are likely to remain high for the rest of the year due to prevailing high crude oil prices. In their new price forecast for '08, they have assumed that the edible oil stock/usage ratio will drop at a higher rate of 1.65% than Oil World?s estimate of 0.5%, given slower supply growth due to increasing competition for acreage from wheat products. This implies a US$165/tonne gain in CPO prices for '08, based on historical data showing a US$10/tonne increase in CPO prices for every 0.1%-pt change in the stock/usage ratio.
They're raising their earnings forecasts by 4-32% for FY07-09. Their earnings upgrade takes into account their new CPO price projections, our revised earnings estimates for London Sumatra, the new progressive export tax for Indonesia?s palm products and higher fertiliser costs. They remain positive on the group's recent acquisition of a majority stake in London Sumatra, which will help address structural issues such as Indo Agri's mature age profile and reliance on 3rd-party CPO as well as enhance the group's future earnings growth.
They have lifted our target price for Indo Agri from $2.05 to $2.80, after their earnings upgrade and after rolling forward their target basis to end-'08 forward P/E of 18x.
Their price upgrade is driven by rising edible-oil demand on the back of higher crude oil prices, strong demand from China and India and rising supply risks from a potential switch in acreage from oilseeds to grain products.
They have raised our '07 CPO price forecast by only 3.6%,
mainly to account for the recent spike in prices, which are likely to remain high for the rest of the year due to prevailing high crude oil prices. In their new price forecast for '08, they have assumed that the edible oil stock/usage ratio will drop at a higher rate of 1.65% than Oil World?s estimate of 0.5%, given slower supply growth due to increasing competition for acreage from wheat products. This implies a US$165/tonne gain in CPO prices for '08, based on historical data showing a US$10/tonne increase in CPO prices for every 0.1%-pt change in the stock/usage ratio.
They're raising their earnings forecasts by 4-32% for FY07-09. Their earnings upgrade takes into account their new CPO price projections, our revised earnings estimates for London Sumatra, the new progressive export tax for Indonesia?s palm products and higher fertiliser costs. They remain positive on the group's recent acquisition of a majority stake in London Sumatra, which will help address structural issues such as Indo Agri's mature age profile and reliance on 3rd-party CPO as well as enhance the group's future earnings growth.
They have lifted our target price for Indo Agri from $2.05 to $2.80, after their earnings upgrade and after rolling forward their target basis to end-'08 forward P/E of 18x.
interesting reversal.. come on. show me abit more and prove to me that i should buy u today.
wave 2 usually dun break the wave 1 low. thus i think can hold till if it close below 55c.
sinostar low is at 55c. i hope this 2 guys which have been trying to push this counter have exited. if now wanna exit abit too late, i would hold awhile more.
is ok u go ahead, i watch at sideline. i dun trade stocks which i have no confidence in. maybe u have some skill in trading volatile stocks, i m not as good in this field i must admit.
I believe there's many quality investors is buying compared to speculators or day traders. That why the price just going up for the past few weeks. Not effected by bad DOW.
Don't always based on indicators. Indicators just a guide. It not always accurate. There is good news for IndoAgri.Take a look at real thing.Look at the volume and price in action now.
i mean Indo agri..
interesting. px increase while indictors declining for the past 3 days. today should be the peak.
Very high possibility to hit $2.50 by today. Now already $2.43.
Today real star will be IndoAgri. New TP $2.80 from CIMB. Buy now to make easy money.
The current NTA is 13.6 Scts. If we assume Q4=Q3, PE will be 23 years. Q3 profit down 40% Q2Q. Current STI is 12 years.
Another SunVic ? Unionmet ?
Take Care.
fundamentals for the company is quite good...
but too many conta and short players... pity...
good luck ericsim, you never know when someone will sell off while issuing buy calls...
There's NO confident, strenght, good news, BB and money. How this star going to shine. Still long way to go. Financial report just announced few days ago but still can't push up price. Maybe got to wait till window dressing time.
didnt buy as there was no strength. wanted to buy but this stock havent proof it is worth a single penny from me yet.
you dun know meh!! now the market abit seow liao perhaps confident still not back yet lah. just be patience ok. if 787180 can tahan why not you. I'm in again!!I follow behind 787180 vested at 0.61....hehe wish me good luck
DOW downs, sinostar follow down. DOW ups, sinostar also downs. What is this means. Tomorrow sinostar could down again. Maybe BB no longer interested in this star. Small players keep on dumping this share due to no holding power or fear.