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alpha23,
Each of us have our own investment objectives and criteria.
However, your question is better answered by TA experts who will be in a better position to advise you on the short term fluctuations of the counter.
TA gurus.......if you are reading....will appreciate your comments. Thanks
homepage100,
I really wish I knew the answer.
However, when results are out, I will reassess the prospects of the company vis a vis its share price at that time.
Thanks shplayer.. thinking of cashing out soon for small ang bao.. what do you think?
shplayer,
From your experience ,how far can this counter run when the result is out.
alpha23,
Probably ppl are jumping in now cos FY 06 results is expected to be good. 1st Half 06 was approx 50% better than whole FY 05. 2nd half 06 is not as strong as 1HY06 but is expected to post very credible results.
YTD 07 rubber prices have been on up trend. If this continues, FY 07 should also post good results.
Furthermore, GMG only posts half yearly results...so there is a dearth of info on the company. The mkt is chasing it in anticipation of favourable news.
Vested
Experts, any TA/FA explaination for the heavy vol? *vested* =)
GMG up 2c today with heavy volumes!
| CATEGORY | IN RS | IN USD | |||
| Price | Change | Price | Change | ||
| RSS-1 |  |
10,861.00 | +309.00 | 246.00 | +6.18 |
No long story....just look at the closing price at Bangkok market today!
|
Rubber future on the TOCOM turned upward after 2 days of deline. All look set to move further north again!
Vietnam's Export Rubber Price Soaring
Total demand from Chinese customers is estimated at around 1,000-1,300 per day while Vietnam is able to provide only 500-700 tons. ............. http://vibforum.vcci.com.vn/news_detail.asp?news_id=8687
Oil price is up why is this counter not rising?
DBS Vickers also did well in the mid and small-cap stocks, its 'buy' call on Kossan Rubber Industries paying off big as the stock ran 146 per cent to RM4.68 from RM1.90
Kottayam Feb. 3 - Physical rubber prices improve as covering groups turned active on Saturday!
Profit taking drives rubber future lower today....but GMG share price remian strong and steday!
Tokyo Rubber Futures continue to climb further today!!
This is getting exciting!! If NR price continue to run like this, very soon the GMG share price will definitely rally to reflect the NR price trends!
Rubber Price(per 100kg) as on 31.1.2007 in Bangkok :
| CATEGORY | IN RS | IN USD | |||
| Price | Change | Price | Change | ||
| RSS-1 | |
10,400.00 | +88.00 | 235.05 | +0.66 |
Volumes up!! Share price up!!
Tokyo rubber futures rise further in the afternoon trading session. All contracts climb to new highs!!