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pei sei, what is OW in the 3rd last sentence
stkoh78 ( Date: 19-Mar-2010 14:10) Posted:
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Mai kan chiong. All these could be just noise since there isn’t any real evidence to substantiate those findings.
Back to the chart, on the big picture, we are still in an uptrend channel unless the lower channel support is breached convincingly. The support mentioned earlier still stands.
Friday, 19th March 2010 clOsing
S$0.565 + S$0.005
STiLL has S$0.060 tO gO
haha becos of deforest , they pusnish the company, why not they plant the palm trees in their backyard .
pharoah88 ( Date: 19-Mar-2010 18:22) Posted:
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LAWS BREAKERS
## SiNAR MAS ##
## gOlden AGRi ##
* CRIME BUSTERS *
1. SHELL
2. KRAFT
3. NESTLE
4. UNiLEVER
5. SAiNBURY
~ ENTER the dragOn ~
when it falls to the grOund at
S$0.505
Noted! Thanks for the news.
stkoh78 ( Date: 19-Mar-2010 14:10) Posted:
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S$0.505
gOOd bUy
Noted..
SiNAR MAS
gOlden AGRi
SHELL
KRAFT
NESTLE
UNiLEVER
SAiNBURY
AGR price STiLL rising, SiNAR MAS bUying ?
Thanks for sharing the news ;p
Another major customer off the list: According to a Bloomberg article,
Nestle, the world's largest food maker has cut Golden Agri as its palm oil
supplier amidst fresh allegations from Greenpeace that the company has
unlawfully destroyed rainforests for palm oil plantations. Nestle is amongst
GGR's top global customer list. Greenpeace says it has “evidence that Sinar
Mas (GGR’s parent company) is breaking Indonesian law” and ignoring
international environmental commitments. Nestle reiterated its commitment to
use only certified sustainable palm oil by 2015. According to Greenpeace
report, Kraft is also said to have cancelled its contract in early 2010, while
Sainbury’s and Shell have stated that they will not buy palm oil from the
company.
• Impact on Golden Agri: This news comes 3 months after Unilever
suspended a US$33m palm oil supply contract with GGR which was
estimated to impact about 2-3% of the company’s FY10E revenue and
earnings (Golden Agri-Resources Ltd: Unilever suspends palm oil purchase
dated 14 December 2009). According to management, Unilever was the
largest industrial customers while other industrial customers, like Nestle,
account for less than 0.5% each of group revenue.
• Compliance with RSPO guidelines gaining importance: The recent
allegations from Greenpeace have been centered around Sinar Mas entities
signaling the increasing importance of RSPO certification or compliance with
RSPO guidelines. We believe the implications may be far-reaching as major
food makers continue to take a more stringent approach in their procurement
process, especially for those in the EU. EU is the third largest palm oil
importer accounting for 14% of global palm oil imports.
• Maintain UW on GGR: We remain concerned that GGR’s plantation
practices may result in more contract cancellations. In Singapore, we reiterate
our preference for Wilmar. We also like First Resources for its strong
organic growth upstream with estimated EPS CAGR of 17-20% for the next 3
years. First Resources sells its CPO mainly to palm oil processors/exporters so
it has lower risk, so long as it complies with RSPO guidelines as it does not
deal directly with the food manufacturers. Within the region, we are also OW
on Astra Agro and London Sumatra in Indonesia; Sime Darby and KLK in
Malaysia (prefer SIME).
Nestle, the world's largest food maker has cut Golden Agri as its palm oil
supplier amidst fresh allegations from Greenpeace that the company has
unlawfully destroyed rainforests for palm oil plantations. Nestle is amongst
GGR's top global customer list. Greenpeace says it has “evidence that Sinar
Mas (GGR’s parent company) is breaking Indonesian law” and ignoring
international environmental commitments. Nestle reiterated its commitment to
use only certified sustainable palm oil by 2015. According to Greenpeace
report, Kraft is also said to have cancelled its contract in early 2010, while
Sainbury’s and Shell have stated that they will not buy palm oil from the
company.
• Impact on Golden Agri: This news comes 3 months after Unilever
suspended a US$33m palm oil supply contract with GGR which was
estimated to impact about 2-3% of the company’s FY10E revenue and
earnings (Golden Agri-Resources Ltd: Unilever suspends palm oil purchase
dated 14 December 2009). According to management, Unilever was the
largest industrial customers while other industrial customers, like Nestle,
account for less than 0.5% each of group revenue.
• Compliance with RSPO guidelines gaining importance: The recent
allegations from Greenpeace have been centered around Sinar Mas entities
signaling the increasing importance of RSPO certification or compliance with
RSPO guidelines. We believe the implications may be far-reaching as major
food makers continue to take a more stringent approach in their procurement
process, especially for those in the EU. EU is the third largest palm oil
importer accounting for 14% of global palm oil imports.
• Maintain UW on GGR: We remain concerned that GGR’s plantation
practices may result in more contract cancellations. In Singapore, we reiterate
our preference for Wilmar. We also like First Resources for its strong
organic growth upstream with estimated EPS CAGR of 17-20% for the next 3
years. First Resources sells its CPO mainly to palm oil processors/exporters so
it has lower risk, so long as it complies with RSPO guidelines as it does not
deal directly with the food manufacturers. Within the region, we are also OW
on Astra Agro and London Sumatra in Indonesia; Sime Darby and KLK in
Malaysia (prefer SIME).
what would be your entry px for this counter?your sight for next week?
Doesnt look good does it?
The positive trend strength (blue) continues to diminish and the negative (red) is starting to tell us that the downward price action strength is gaining momentum. If you are a range play, the oscillator is also playing a negative tune though still in positive (50).
The only consolation we get is that the price is still contained within the up-trend channel (this is important because its the bigger picture). Staying positive one should look to BUY when price is nearer at the lower channel if you are in for the up-trend channel range play.
Since I sold half of it earlier, I am looking to buy at that price or an entry price determined by the oscillator (which implies that its still NOT the time (today) yet).
BB now is accumulating this counter....you will see a soaring in a few days time....
Huhushares ( Date: 16-Mar-2010 11:29) Posted:
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HUHU ARENA GALLERY
Online Fashion – Shirts, Jackets , Shorts, Jeans
Website: www.huhuarenagallery.blogspot.com
Email: huhuarenagallery@hotmail.com
SUPPORT ME : )
Key Points
Next Target S$0.540
Life Line S$0.505
KiLrOy ( Date: 15-Mar-2010 21:23) Posted:
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well, its e 1-2 lots fighting game again..
This blogger must be happy coz like me i cut some at 0.595 after it failed to break 0.60 convincingly and the ocsillator was sooooo over bought by then. If everybody starts listening to him, the price will be depressed and we can buy more. Nice.
Based on the short term up trend, the support marked from 9 Feb and 4 Mar thinks its 0.54. Below that, it will be 0.505 for the last life line.
I start taking some profit for this counter.
| dragons ( Date: 13-Mar-2010 15:48) Posted: |