GMG Global   

GMG CHIONG tomoro -Flash floods hit southern Thail

are they able to do that? arent there rules about cancelling IPO? SGX should look into this matter... 

So GMG should be dropping a bit today since some funds will want to move their money out to invest in sri tan?

 

shit them they one kind. one moment say listing another say not listin den now say listing again. feel like slapping them. just say sorry (a mistake) alot of people could kaput with that one sorry

tormont      ( Date: 27-Jan-2011 09:18) Posted: Sri drop appx 10% yst in thai exchange. Now it's abt SGD1 only. IPO in sinapore is set at $1.20. Looking at their profile 90% of the plantation is in thailand where 10% in indonesia.  yummygd      ( Date: 27-Jan-2011 08:58) Posted: meanin? thai sri yesterday at 12 plus said it will continue with e listing already.

 

Sri drop appx 10% yst in thai exchange. Now it's abt SGD1 only. IPO in sinapore is set at $1.20. Looking at their profile 90% of the plantation is in thailand where 10% in indonesia. 

yummygd      ( Date: 27-Jan-2011 08:58) Posted: meanin? thai sri yesterday at 12 plus said it will continue with e listing already. rutheone1905      ( Date: 27-Jan-2011 08:47) Posted: Watch out for those rely on news to trade, many will surge into this stock today beware.

 

at least .340 chiong~~~

 

sold my contra lots..think e momentum is over. but keeping my investment lots.

 

I thought yesterday already many have surge into this stock :D

rutheone1905      ( Date: 27-Jan-2011 08:47) Posted: Watch out for those rely on news to trade, many will surge into this stock today beware.

 

meanin?

thai sri yesterday at 12 plus said it will continue with e listing already.

rutheone1905      ( Date: 27-Jan-2011 08:47) Posted: Watch out for those rely on news to trade, many will surge into this stock today beware.

 

Watch out for those rely on news to trade, many will surge into this stock today beware.

 

At last, patience has its virtue n not be swayed by those tat tried to talk down the price has its rewards.....

 

If still haven't cover, siow liow, can go Buangkok Green liow... tng kor buay kar chng...

yummygd      ( Date: 26-Jan-2011 14:42) Posted: u covered short yet? ozone2002      ( Date: 26-Jan-2011 09:41) Posted: short both gmg n sri tang

 

Bank of America recommends BUY with Target Price at 50 cents

 First on the street to initiate coverage; PO S$0.50

We initiate coverage on GMG Global (GMG) with a Buy rating and PO of S$0.50

offering 75% potential upside. Our PO is based on 20x on plantation, 10x on

processing profit and it implies a FY11E PE of 15.5x. Our 2011 and 2012 rubber

price assumptions are US$5.5/kg and US$6.5/kg (spot: US$5.5/kg). GMG is our

preferred ASEAN soft commodity exposure.

Rubber is the new black; GMG is world’s pure rubber play

Rubber sector is facing a severe supply shortfall post many years of

underinvestment. With the rising demand driven by China and India auto, we

expect the rubber price rally to last till 2012, especially as we enter the winter

season for rubber in 1H11. GMG (51% owned by Sinochem) is one of the

world’s only few listed rubber play which has a presence from plantation,

processing to distribution.

Aggressively seeking for growth

Although GMG is blessed with supply security, it is still diligently seeking growth,

both upstream and midstream. Its recent acquisition of Teck Bee Hang (Thai

processor) has doubled its processing capacity. Coupled by the rising rubber

price, FY11E profit is poised to grow by 127% YoY. Every 1% change in rubber

price (ORA Comdty) will lift earnings by 4.1%.

Solid parentage offers direct access to China market

Sinochem is China’s biggest rubber trader and China consumes a third of the

world’s rubber production. Thus GMG has secured distribution into one of the most

dynamic rubber markets. The relationship will also lower GMG’s distribution costs as

third party marketing contracts cease. Risks involved include fall in rubber price,

country risk in Ivory Coast, dilutive capital raising and substitution risk.

Life Is Great 

 

Yes you are right :D Ding Dong is finished now, when is the next ding dong? Should be all the funds rushing in to buy since sri tang not listing in SG anymore...

yummygd      ( Date: 26-Jan-2011 14:31) Posted: Q at 3.10 hope can get...previously i did say it always ding dong around certain support before hitting new highs....40 cents here we come

 

chiong...wish tomorrow can reach .37

 

WOW HOOOOO IT DID!!! ok lets pray tom will up somemore!!GOOD LUCK EVERYONE!!good play today.ok i dumb question pls reply....GMG OFFICIALLY BULL LIAO RIGHT up trend ya!!

 

?it did!!u sure???how come i waited sometimes den still 0.315 neh u kidding me not right

goldenpiggy      ( Date: 26-Jan-2011 17:07) Posted: haha.. it did...  :) yummygd      ( Date: 26-Jan-2011 17:00) Posted: disappointed cant close at 0.32 lets pray tom will be better.

 

haha.. it did...  :)

yummygd      ( Date: 26-Jan-2011 17:00) Posted: disappointed cant close at 0.32 lets pray tom will be better.

 

disappointed cant close at 0.32 lets pray tom will be better.

 

haha wont be tom for sure la. last high will be breached.

goldenpiggy      ( Date: 26-Jan-2011 16:50) Posted: Question is by when?  :) yummygd      ( Date: 26-Jan-2011 16:44) Posted: dun sell at 0.315!!!!it can hit 40!!

 

Question is by when?  :)

yummygd      ( Date: 26-Jan-2011 16:44) Posted: dun sell at 0.315!!!!it can hit 40!!

 

Tho it has got a strong parent and good recommendation fm BoA, I think its getting expensive unless it can earn profits like Genting.....