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501-520 of 6778
J.P. Morgan downgraded palm oil firm Golden Agri-Resources to ‘underweight’ from ‘neutral’ and lowered its target price to S$0.50 from $0.56, on expectations it will be hurt by a muted recovery in crude palm oil (CPO) prices.
By 11:29 a.m., shares of Golden Agri were down 3.1% at $0.62, and have fallen about 4.6% since the start of the year, compared to the Straits Times Index’s 1% rise.
J.P. Morgan said it expects Golden Agri’s fourth-quarter earnings to miss expectations, and forecast a 20% quarter-on-quarter decline in core net profit to US$69 million ($84.5 million) as average CPO prices fell 23% in the period.
It also cut its 2013 and 2014 earnings per share estimates by 10% to factor in lower CPO prices.
Indonesian plantation companies, including Golden Agri, are expected to see meaningful labor cost increase following this year’s rise in minimum wage, the brokerage said.
Here you have it.
http://www.palmoilhq.com/
cathylmg ( Date: 17-Jan-2013 16:41) Posted:
May I know where you get the quote? Thanks for sharing..
Peter_Pan ( Date: 17-Jan-2013 16:37) Posted:
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May I know where you get the quote? Thanks for sharing..
Peter_Pan ( Date: 17-Jan-2013 16:37) Posted:
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As long as you're comfortable.
ozone2002 ( Date: 17-Jan-2013 14:19) Posted:
CPO can't stay at low prices for so long..
will rebound..
looking to enter GAR
gd luck dyodd |
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CPO can't stay at low prices for so long..
will rebound..
looking to enter GAR
gd luck dyodd
Wait for 0.55 to consider long.
Likely by them.
Peter_Pan ( Date: 11-Jan-2013 19:40) Posted:
| Heavy volume selldown. Pump and dump activities at the beginning of the year. |
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Thanks for the tip off! Likely to hit below 0.6 :)
17-01-2013 11:40:53
STOCKS NEWS SINGAPORE-JPMorgan downgrades Golden Agri to 'underweight'
J.P. Morgan downgraded palm oil firm Golden Agri-Resources
Ltd to 'underweight' from 'neutral' and lowered its
target price to S$0.50 from S$0.56, on expectations it will be
hurt by a muted recovery in crude palm oil (CPO) prices.
By 0329 GMT, shares of Golden Agri were down 3.1 percent at
S$0.62, and have fallen about 4.6 percent since the start of the
year, compared to the Straits Times Index's < .FTSTI> 1 percent
rise.
J.P. Morgan said it expects Golden Agri's fourth-quarter
earnings to miss expectations, and forecast a 20 percent
quarter-on-quarter decline in core net profit to $69 million as
average CPO prices fell 23 percent in the period.
It also cut its 2013 and 2014 earnings per share estimates
by 10 percent to factor in lower CPO prices.
Indonesian plantation companies, including Golden Agri, are
expected to see meaningful labor cost increase following this
year's rise in minimum wage, the brokerage said.
Think 0.61 is possible. but today 0.62 got very strong support. Wonder if got another round of sell down later today.
JANUARY 16, 2013 19:11 UTC+8
Crude Palm Oil Ends Up Tracking CBOT Soy Limited Upside
Crude palm oil futures on Malaysia’s derivatives exchange ended higher Wednesday on speculative buying interest, amid gains in CBOT soy oil during Asian hours.
But the rise in palm oil was limited as market sentiment is generally cautious due to uncertainty over exports to major importer China brought about by stricter quality control measures imposed Jan. 1, and despite Malaysia leaving its export tax at zero for February.
This one has dropped like sheet!...
...I shall wait..then
New123 ( Date: 17-Jan-2013 10:38) Posted:
| wait for 60 cents. tdy ppl r shorting this burger. |
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