Golden Agri-Res    Last:0.295   -

GoldenAgr

If they give out dividend this counter won't drop.

 

 

Maybe they want to scare people into selling to them before Cheong Arhhhhh...!!!!!

 

why all good news.. but the stock testing the support?

 

HEARD:

this group's management is well known as "Long Kang"  [BiG  DRAiN]

they always DRAiN BiG the CASH  OUT  to  BiG DRAiN ? ? ? ?

 

The company management very stingy.

Earn so much of money but not distribute dividend.

 

• 1H 2010 performance: Revenue up by 38%, increase in EBITDA by 76% and Net Profit more than double, compared to 1H 2009 • CPO price improvement of 27% (FOB Belawan) • Decrease in palm products output by 7%

• 2Q 2010 performance: Revenue increased by 28%, EBITDA increased by 17%, while Net Profit rose by 20%, compared to 2Q 2009 • CPO price strengthened by 11% (FOB Belawan) • Weaker palm products output by 13%

 

INDEPENDENT VERIFICATION REVEALS GREENPEACE CLAIMS ARE

EXAGGERATED OR WRONG

REPORT CLEARLY DEMONSTRATES THAT:

��

orang-utan habitats in Indonesia as claimed by GreenpeaceSMART is not responsible for deforestation of primary forests and the destruction of

��

Indonesian governmentSMART operates responsibly and within the laws and regulations set out by the

��

productionSMART is a vital player in leading the industry in promoting sustainable palm oil

 

I'm not sure if this is the end of the matter. Let's see how will the market react.

 

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_5BFE0973A08E97A74825777B00076D2B/$file/GAR37-10-08-2010-ReleasebySMART-IndependentVerification-FullReport.pdf

The report is good wondering how Greenpeace would response.

 

When the report is out, pls update! Guess the price will shoot up if +ve...

 

I believe it is going up again soon.

 

Buying interest from investors. BBMMs waiting for report before further actions.

 

Ya. They are expecting a positive report.

Sept11      ( Date: 10-Aug-2010 10:20) Posted: The report against Greenpeace will out today. Other info (in Chinese) : http://www.zaobao.com.sg/cs/cs100809_001.shtml

 

Thanks for the update.

 

The report against Greenpeace will out today. Other info (in Chinese) : http://www.zaobao.com.sg/cs/cs100809_001.shtml

 

I think it will break the resistance next week. Many bought to keep therefore overbought. Only the BBMMs will force the price down which i think is quite unlikely.

 

On Friday, Golden Agri re-tests its support at $0.585 and closed at $0.605 with high volume of 97.3 million shares traded.

A long white candle sticks with short upper/lower shadow indicates the buying pressure from the investors.

RSI & MACD are bullish as both indictors continue to trend upwards.

Important Resistance of Golden Agri: $0.62

Immediate Support of Golden Agri: $0.585

Impossible to buy now since prices are well above the 20/50/100/200 days MA and RSI close to overbought region.

SEE ANALYSIS FOR BROADWAY


If vested, we would advise to monitor the major resistance at $0.62 which is expected to be a tough nut to crack. Be prepared to take profit near that level if the resistance holds.

 

Today Buy on 0.585. Now still holding. Hope Tuesday report would be positive …………

 

Yeah! CPO Ends Up 1.6% On Grains-Led Rally; Speculative Buying

 

Today is second attempt tp break 0.60 & stay above 0.60. Let's see....

DnApeh      ( Date: 05-Aug-2010 07:37) Posted: margins will be good if their planes run on palm oil.