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Kottayam , Dec. 6. Spot rubber prices made a smart come back on Wednesday. RSS 4 closed at Rs 79 against Rs 77 and Rs 77.50 a kg respectively at Kottayam and Kochi.
Vietnam the biggest rubber exporter to Russia http://www.vneconomy.com.vn/eng/?param=article&catid=07&id=e49457fbb5c85c
based on entry price of 8c, i guess most of those here made 20% in less than 1 mth?
congratz
Natural rubber exports likely to cross projection
http://www.hindu.com/thehindu/holnus/015200611190910.htm
possible support at 0.95.
Indonesia Indus: Rubber Fundamentals Remain "Very Strong"
http://www.lloyds.com/CmsPhoenix/DowJonesArticle.aspx?id=261452
Healthy volumes... and looks to be on uptrend. But its a penny stock and prone to volatility. Be cautious.
Bullrun
Thanks for our information.
Bullrun,
On the latex processing plant, not much info available...e.g. to what extent is the processing to....from 'cup lump' to TSR or RSS.?
Anyway, I ran some numbers based on 'cup lumps' to TSR....and with limited info available and limited knowledge about latex processing, I came up with the following numbers.....
should the JV proceed, and assume it starts production during 2Q 07, contribution to eps for FY07 will be about 0.10 to 0.12cts.
For FY 08, contribution to eps should be about 0.22 to0.27 cts per share.
Figures will be more if the processing is to RSS grade..
Bear in mind thase are very rough cut figures and its best to wait for further announcements from the company and hopefully they will provide more insight.
Rubber futures rose further on the Tokyo Commodity Exchange today on the back of strong gains in gold and oil products futures.
Thanks..shplayer.
Bullrun,
No idea for the uptrend today.....perhaps the market rotational play and GMG is undervalued.
As for 07 prospects, it will depend on rubber prices and whether smelting plant project will materialise....so, at this point in time, it is hard to forecast.
However, for 06, looking at the rubber price trends, it peaked in July and then came down in Aug and Sep.. Prices recovered some ground in Oct but Nov, so far, prices is on a decline again. From the data I have, if prices remain at this level, 2H 06 will not be as good as 1H 06, but will be better than average HY of 2005....i.e profit for 2H 06 should be > $6m (half of 2005 profit).
shpalyer,
Any idea why GMG volume so high today. It seemed that it is well support at 10c.
What do you think of GMG 07 prospect?
Bullrun,
Sorry, oversight....have not worked on it yet......will try to find time this weekend.
shplayer, Any updates for your analysis on the new venture?
Rubber is coming alive again. now up 1 cent to 10 cents.
Kottayam , Nov. 7 Heavy overnight rains and acute short supply kept sheet rubber slightly firm though the market lacked support from major manufacturers. "We lost several tapping days since mid-May till now due to sustained rains," a grower said.
Expansion of rubber plantations in Mindanao eyed
TACLOBAN CITY--The government is developing one million hectares of land for rubber tree plantations as it said demand for natural rubber in the world market continues to rise.
http://newsinfo.inq7.net/breakingnews/metroregions/view_article.php?article_id=30675
Kottayam , Nov. 4. The physical rubber prices recovered partially in the weekend session. Sheet rubber improved to Rs 90 a kg from Rs 89 and Rs 89.50 a kg respectively at Kottayam and Kochi.
Tokyo, Nov. 1. Rubber futures on the Tokyo Commodity Exchange generally turned upward Wednesday, led by the benchmark contract's solid performance.