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Fundamentals remain intact!!
Hello...
Yes, totally agree with you Stockking. I hope tomm the show will be on...
Closed unchange.....this is great performance on a bad day like today!
NR price remian stable in today trading! All looks good!
Good analysis....the uptrend still intact!
Here are some of my thoughts want to share. Technically, stock price is well supported at 0.135, but near term resistance at 0.155. The up-trend channel is gradually built up since Jan 07. For those short-term investor, you can buy at 0.140 and sell at 0.150 to make some money.
For the long term investor, GMG is not a bad company to invest, its profit and profit margin is improving, debt/equity ratio is low and start to pay out dividend (3.3% yield based on share price of 0.15) But the stock price is volatile with the Rubber price and its main plantation is located in Africa, and the main market is in Europe as well. The company is diversifying its plantation in other region through recent Indonesia acquisition and try to expand the market sale in China. Hope the company will deliver the good results soon. According to those reports, the demand for Natural rubber is increasing but the supply is limited. Thus, as long as Natural Rubber price is rising, GMG will be doing well.
Vietnam to increase rubber export to Europe......China may need to import more from other regions.....
Thanks Stockking. I think if we can clear 0.155, we can proceed on to 0.185. I still have the feeling that this is coming...
Happy07, I'm a TA person....but the graph look interesting and seem that NR price is going to continue to head north!!
anyone has any idea if gmg will seek mainboard lsiting? it is in the mainboard category in terms of mkt cap. any idea if the price will be affected?
Stockking,
Seem like it is going to a higher ground...is it?
Kottayam April 14 - Physical rubber prices were steady on Saturday.
To all brothers out there,
Thanks so much for feeding xiao mei info. I just thought that this company fundamentally strong and gd earning report that why worth buying.
Thanks.
Its good to know what the company is acutally doing. However, if u are a hardcore Technical player then I dont think its that important. As long the volume looks good & the indicators from the various graphs are +ve, then the Fundamental part is secondary.
As for me, when I buy in this counter, I only know that this company has got something to deal with rubber. What I did was to hit 100 lots @ 14.0 & get out @ 15.0. However, I must say that GMG is fundamentally strong company. I am not investing in this instance. I am merely getting my allowance for next week. But this counter will rise over time.
Happy07, I am equally surprised with BullRun, you really have no idea what you are buying.
The acqusition may not impact the price now because the production of the new company only will start from H207, and the production facility of this company is newly built, so the result still remain unknown, investor turn to be more cautions.
Happy07,
This is the presentation slides refer to, happy reading!
Feb 27 2007 |
MISCELLANEOUS :: FY2006 RESULTS - SLIDES PRESENTATION |
Happy07,
I'm surprised that you don't know much about what you buying.....that will be very risky!! GMG released a presentation slide sometime back you should go to sgx website to read that if you seriously interested in investing in GMG!!
Proximity of location dictated our current market. We are positioning ourselves to
capture the growth of the Chinese market
Others 4.2 3.5
Europe 91 163.8
USA 7.8 8.7
2006
S$ million
2005
S$ million
Location of customers
Thanks Bullrun.I thought all along gmg has a stand in China market. This seem to be a stock that wont move much even volumes are changing hand.
Hi Happy07,
The acquisition is going to enable GMG to enter the Asia market in particular China. In the longer term, this will allow GMG to benefit from the strong growth in demand in Asia for the next few years!!