Wilmar Intl    Last:3.09    +0.03

Wilmar - Watch for a Strong Rally to Come!

Weeeee .... Free fall. Huat again! :))

 

Thanks. Run when got sufficient profit. That's the key to making money.

 

Hi bro congrates for taking profits. Today I didn't manage to do any trades. My boss throw me a lot of shit jobs. No time to monitor too:(

 

35k in pocket from hankore 0.7 cts.

Now to concentrate on Wilmar shorting.

 

Did u short? :))

Short Wilmar buy hankore. Huat ar! Haha

 

Yes short now. Will go back 3.20 by end of day. Earn 4 bids.

 

In fact it's has been going up and down for few months. Small range of 3.10+ to 3.15+ both direction also can earn little profits.

 

I shorted this stock. It will go back to $3.

 

You lost a lot? Thts why u hate to see it going up? Hahahaha

dicalp      ( Date: 13-Sep-2013 14:40) Posted: Short! Good opportunity to short! It's a dead cat rebound!

 

Short! Good opportunity to short! It's a dead cat rebound!

 

Trading Central notes the stock has bounced off its key support at $3.06, and has just broken above its MT declining trend line. The RSI is showing strong bullish momentum, calling for further advance towards $3.44. To conclude, as long as $3.06 is not broken, look for a new recovery to $3.44 and $3.54 in extension.

 

Go Ah Ma go.

 

September 7, 2013:   

 

Malaysian palm oil futures on Bursa Malaysia Derivatives Exchange eased on Friday, posting their fourth straight weekly gain, as a weaker ringgit continued to underpin prices. Gains were capped by market participant's caution ahead of the September 1-10 export numbers and official August stocks data from the Malaysian Palm Oil Board due on Tuesday. An increase in output and stocks is widely expected. It remains to be seen if exports can compensate for the rise in production and stocks with the festival demand setting in the coming months in the largest consumer India. .

A US Department of Agriculture report that showed the dry weather damage to US soya crop was not worse than expected resulting in profit-taking.

CPO active month futures are moving in line with our expectations. As mentioned in the previous update, looking at the bigger picture, there is a good chance that this move could potentially turn into a strong one targeting 2,500 Malaysia ringgit (MYR) a tonne levels too, provided it takes out 2,425 MYR/t easily. A break of 2,425 MYR/t has seen prices testing 2,461 MYR/t so far. As anticipated, the gap near 2385 MYR/t was tested before the uptrend resumed. Currently, strong support is seen at 2,420 MYR/t followed by 2,375-80 MYR/t levels. While these support levels hold, a shot at 2,500 MYR/t or even higher to 2,595 MYR/t looks more likely. Only an unexpected fall below 2,345 MYR/t could revive bearish hopes again which we do not favour presently.

The wave counts need to reviewed once again. Fine tuning of counts is necessary to get the bigger picture forecasts clear. The present decline has met an intermediate wave target at 2,135 MYR/t and the subsequent impulse characteristics of the present move makes us believe that it could exhaust near 2,500 MYR/t levels and then a subsequent decline to 2,345-50 MYR/t levels. It looks like the anticipated decline materialised. Further to this decline a sharp third wave move looks likely for 2,575-2,600 MYR/t in the coming months. RSI is in the neutral zone indicating that it is neither overbought nor oversold. The averages in MACD have gone above the zero line of the indicator hinting at a bullish reversal. Only a crossover below the zero line again could hint at bearishness again.

Therefore, look for palm oil futures to test the resistance levels.

Supports are at MYR 2420, 2385 and 2345. Resistances are at MYR 2485, 2520 and 2575.

 

 

UOB KAY HIAN says...

PLANTATION

CPO prices in the past month have been well supported by the easing of high inventory risk as plantation companies have lowered their FFB production guidance and exports are better than expected
Also, the wide gap between crude oil and CPO price has led to increased palm oil demand for energy use
Producing countries are taking steps to increase biodiesel consumption to reduce the high inventory level
Maintain OVERWEIGHT
More positive newsflow supported CPO prices in Aug 13, with CPO trading above RM2,400/tonne
Over the last one week, we saw less bearish market sentiment for palm oil, and the fear of rising production and inventory has been gradually subsiding
The key factors leading to the change in expectations are:
a) Lower FFB production growth guidance by Malaysia- and Indonesialisted companies
b) Palm biodiesel has been gaining market share as the feedstock for biodiesel. Oil World estimates market share for 2013 at 26%, up from 17% in 2008, thanks to cheaper pricing and rising domestic usage.
c) Slower increase in inventory levels in both producing and consuming countries, especially with China's palm oil inventory being 30% off from its peak in May 13.
Maintain OVERWEIGHT as CPO prices are expected to gain upside momentum on easing concerns over high inventories
For sector exposure, we prefer:
a) Young and efficient upstream players: First Resources (FR SP/BUY/Target: S$2.40) and Bumitama Agri (BAL SP/BUY/Target: S$1.23)
b) Integrated players with catalysts: Wilmar International (WIL SP/ BUY/Target: S$3.80) for its earnings recovery and IOI Corporation (IOI MK/BUY/Target: RM6.35) for the upside from the proposed demerger of its property unit
c) High beta to CPO prices: Golden Agri Resources (GGR SP/BUY/ Target: S$0.65)

 

...Married Deal: Vol: 2,364 Value: $7,332,928  ie $3.102/share  Prev Close: $3.10...

 

Hope this report will attract more buying interest .

 

OCBC upgrade to Buy with $3.33 TP. House note that Wilmar?s share price has taken a bit of a hit after it reported slightly below par 1H13 results on 7 Aug (core earnings met about 40% of our previous full-year forecast), falling 4.5% to a recent low of $3.0x. But as mentioned in house 12 Aug report, house would be buyers at $3.10 or better, as we believe that most of the risks would have been captured in the price. Keeping fair value at $3.33 (still based on 12.5x blended FY13/FY14F EPS), house note that there is now a decent 10% upside from here. Hence upgrading call from Hold to BUY. Note that an appreciating USD against SGD would also have a modest boost to our fair value.

 

Valuations look cheap but buying just can't sustain.

 

you give up liao?

jackson5      ( Date: 04-Sep-2013 13:42) Posted: This one really no strength.

 

This one really no strength.