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Golden Agri, Indo Agri and Wilmar are all belong to plantation catergories, their main business is deal with the palm oil , which 100% relationship to the CPO.But the CPO variation also depebd on the Soy bean Oil.
Both Soy Bean oil and CPO has form double bottom on Oct and Nov.
Personally i have take position on Indo Agri at 0.395 and 0.45 last week.
Hi strike,
what is the website ,can i get the CPO price ? pls help, thank you very much
strike1147 ( Date: 12-Nov-2008 13:45) Posted:
This PAT is based on 1,089 USD CPO from July to Sept 08
the CPO price now is 460 USD
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think it will have a positive effect on the demand for Palm Oil as the Crude Oil prices jack up..
It seems that it has been gaining continuously for few days. Will it continue next week after OPEC meeting?
Notice someone keeps buying up 9 lots every few seconds. Anyone knows what's going on? BB manipulating or testing market?
thanks for catching that....i wanted to say Crude Oil Price, instead type as CPO.
" ........So, the analyst should decouple a little the CPO and Palm oil price....... "
Pardon my ignorance, but isn't CPO stands for Crude Palm Oil? I thot palm oil price is directly affected / related to crude palm oil price?
Fishcake ( Date: 24-Nov-2008 19:22) Posted:
if analysts are so zhun in share price, they don't have to sit at their desk reading boring financial data and writing boring report....so take their comment with a large pinch of salt.
Palm oil are used for many purposes, cooking oil, soap, detergent, etc etc. These are things that we won't do away with even during recession. Large portion of palm oil output is used for such purpose instead of biofuel. So, the analyst should decouple a little the CPO and Palm oil price.
GAR is not able to move much mainly due to its large share floated after a few split. It will have to wait for market recovery to start before it can really chiong.
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if analysts are so zhun in share price, they don't have to sit at their desk reading boring financial data and writing boring report....so take their comment with a large pinch of salt.
Palm oil are used for many purposes, cooking oil, soap, detergent, etc etc. These are things that we won't do away with even during recession. Large portion of palm oil output is used for such purpose instead of biofuel. So, the analyst should decouple a little the CPO and Palm oil price.
GAR is not able to move much mainly due to its large share floated after a few split. It will have to wait for market recovery to start before it can really chiong.
Thanks but should also take analysts' call with a pinch of salt and do our homework to double check.
Nostradamus ( Date: 21-Nov-2008 04:34) Posted:
"Strong supply, weak crude oil prices and a slow economy should keep CPO prices weak near term," says Deutsche Bank, but adds Wilmar benefitting to some extent as is getting discount on CPO purchases due to its perceived financial, operational strength. Rates Wilmar Buy, rates both First Resources and Indofood Agri Hold, rates Golden Agri Sell.
At this price, Golden Agri is still rated a Sell. |
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"Strong supply, weak crude oil prices and a slow economy should keep CPO prices weak near term," says Deutsche Bank, but adds Wilmar benefitting to some extent as is getting discount on CPO purchases due to its perceived financial, operational strength. Rates Wilmar Buy, rates both First Resources and Indofood Agri Hold, rates Golden Agri Sell.
At this price, Golden Agri is still rated a Sell.
Ha ha, hands itche, picked few at .185 to test the market on report card.
Tks for the advice, will keep this burger.
the whole world economy is down and the growth is definitely slow as the crude oil already down more than half from highest
i foresee the outlook of this counter is still bright, any comment?
Golden Agri's Q3 net profit up 56%
By ANGELA TAN
SINGAPORE - Golden Agri-Resources, a unit of Indonesia's largest oil-palm grower, reported on Wednesday third-quarter profit rose at the slowest pace in a year as prices slid.
Net income climbed to 56 per cent from a year ago to US$224 million, or 2 US cents a share, from US$144 million, or 1 US cent a share, a year earlier, the company said.
Revenue grew 56 per cent to US$831 million.
There was an exceptional gain of US$20.1 million in nine months to end September 2008 mainly related to negative goodwill arising from the acquisition of remaining shares in an associated company, which thereafter became a wholly owned subsidiary.
A year ago, in the nine months to end September 2007, the exceptional gain of US$73.6 million was mainly attributable to the negative goodwill arising from the exercise of the option related to a convertible loan to acquire new subsidiaries.
Er, "BBs" would be even more confusing. How about saying something that I can Google it?
Me newbie la, thanks and sorry.
This PAT is based on 1,089 USD CPO from July to Sept 08
the CPO price now is 460 USD
those BBs lor...
larrylee ( Date: 12-Nov-2008 13:39) Posted:
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Sir, you mind explaining what or who "shortlists" are?
I also picked up some in the morning...as cheap thrill 
tchoonw ( Date: 12-Nov-2008 13:17) Posted:
| solid result of $1.25b profit...however no use as shortists can cornered this bugger...wait for 8c coming soon |
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Sir, you mind explaining what or who "shortlists" are?
I also picked up some in the morning...as cheap thrill
tchoonw ( Date: 12-Nov-2008 13:17) Posted:
solid result of $1.25b profit...however no use as shortists can cornered this bugger...wait for 8c coming soon!
AK_Francis ( Date: 12-Nov-2008 12:02) Posted:
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top vol, can be bad or the otherwise.
Picked few to test water. Cheap thrill. |
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solid result of $1.25b profit...however no use as shortists can cornered this bugger...wait for 8c coming soon!
AK_Francis ( Date: 12-Nov-2008 12:02) Posted:
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top vol, can be bad or the otherwise.
Picked few to test water. Cheap thrill.
mazimaz10 ( Date: 12-Nov-2008 10:45) Posted:
| Any news wat will be like the result after lunch??? Vol quite heavy. |
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top vol, can be bad or the otherwise.
Picked few to test water. Cheap thrill.
mazimaz10 ( Date: 12-Nov-2008 10:45) Posted:
| Any news wat will be like the result after lunch??? Vol quite heavy. |
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Any news wat will be like the result after lunch??? Vol quite heavy.
