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NET BUY UP OF 1125 LOTS BASED ON CALCULATION 5 MINUTES AGO.
Thank you.
Where can I check CPO prices and movement?
doesn't look like it will rise a lot today?
thanks for your updates.
Crude Palm oil futures for May, June, July still negative but creeping up from its morning lows. Expect Palm oil counters to trade in tanderm. But at the end of the day, it will still depend on the macro picture which is GOOD.
Yup, agree. Golden Agri is a golden gem.
The resistance is $0.98 but I'm confident that it will clear this hurdle. My opinion.
Be patient, fundamentally and technically, the stock is showing near term bullish trends. As I have always say WATCH THE FUNDAMENTALS. If you think that this is going to be good, it will move up. BB are basically suppressing prices and collecting. Don't be surprise for the sudden rise of 10 to 20% one of these days.
market is fast to react to bad news and sell down, slow to good news to buy up.
very disappointing in golden agri :
cpo up , up a bit , cpo drop ,down a lot .
cpo up , up a bit , cpo drop ,down a lot .
With Dow up and crude oil prices up, Palm oil related counters likely to continue the bullish trend today. Watch opening prices of CPO futures prices. If positive, there will be a big run up today, esp. golden agri and wilmar whose prices having been lagging. All technical charts still showing very positive upward divergence. Daily MACD almost at positive territory. Hold your horse. Don't sell too quickly. I suspect, there will be a great attempt to suppress the prices in early trading to be followed by buy up in the late morning and afternoon with some profit taking towards the end of the day. Just my two cents worth. Be careful and trade only with money that you can leave aside for a while.
Basically, now it is the demand n cost issue. Ref to the high rise crude oil, there are much room for the palm oil related industries to groom, in future. The moral of the storry is, keep the burger, AK view. Of course AK does keep some, for my grand children lah. Cheers.
Don't forget that there is a 1 for 1 bonus in Feb 08 which means that price of 95 cents now is equivalent to $1.90 before the bonus issue. Nevertheless, I agree with you that he nos. certainly look attractive! Cheers`
ktlow08 ( Date: 15-Apr-2008 21:08) Posted:
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Ok, I have rechecked the financials for Golden, hah! reminded by the thick annual reports the postman keeps delivering. The 2007 EPS is 33c (Sing$). The NAV is 94c!
At price of 95c, the trailing PE is only 3x! Here's a stock whose EPS grows 130% and its PE is only 3! And its price is actually just AT the NAV value!! How come?! Why is Wilmar at PE of 22 and Golden only 3? By this comparison Golden is way undervalued.
Can anybody shed some light here? I'm confused. Is this saying Golden has tremendous long term upside? As long as CPO price stays at some reasonable rate of, say 3000?
Me too.
hee...i hope to collect at 90.5cts or below....hee...
hmm...wondering what else to SHORT this week?? SGX seems interest after breaching $8 liao..hee
cheers !
KOTA KINABALU, April 15 (Bernama) -- Traders and palm oil industry related players can expect an extended upcycle in crude palm oil (CPO) prices until the middle of this year with favourable prospects for palm oil being intact, according to an analyst.
"The fundamental outlook for palm oil remains friendly in the immediate term," said the analyst from a local investment bank.
"The global supply and demand situation for vegetable oils will continue to be tight and stocks are expected to dip further," he told Bernama on the sidelines of the International Palm Oil Sustainability Conference (IPOSC) 2008 here Tuesday.
The analyst expects an upside potential for CPO price to be between the RM3,800 and RM3,900 per tonne level.
On the physical palm oil market, April South was currently hovering between RM3,490 and RM3,500 per tonne, he said.
"This (the rise in CPO prices) could happen sooner as weather uncertainty intensifies against crop output," he added.
According to ISTA Mielke GmbH or better known as Oil World, an independent forecasting service based in Germany, the stocks of major oils and fats may fall to 9.6 percent of annual usage by the end of this year, the lowest level in more than 20 years.
It also said that world CPO production is expected to surge by 3.9 million tonnes this year amid yield recovery and maturing of crops.
Malaysia and Indonesia, the world's top two bigger palm oil producers, are expected to contribute 16.8 million and 18.8 million tonnes respectively.
The analyst also said that sustainability of the uptrend was now tied to the world economy, especially since the financial markets were in a vulnerable state due to the US credit market woes.
He said with a likely slowdown in the US economy, many economists were concerned with the possibility of a period of recession unfolding.
"This will have a spillover effect into other economic regions, especially in the Asian markets," the analyst said, adding that traders and players might see palm oil prices softening along with other vegetable oils as demand tapered off due to lower disposable income.
"This is more likely to happen in the second half of the year," he said.
However, on a positive note, the analyst said that strong demand from highly-populated developing countries like China and India are expected to cushion the impact of a world economic slowdown.
He said a free trade agreement (FTA) signed between Malaysia and Pakistan which took effect from January this year could help local CPO prices to stay higher.
The FTA allows Malaysian palm oil to be imported at a duty discount of 10 percent which can be translated into a US$15 tonne price advantage against Indonesian production. This may shift some demand from Indonesia to Malaysia, the analyst said.
IPOSC 2008 is a conference that organised by the Malaysian Palm Oil Council to discuss issues pertaining to the palm oil industry such as sustainability and life cycle analysis, corporate social reponsibility, certification, wildlife conservation and carbon balance.
The two-day conference, which started on Monday, was launched by Plantation Industries and Commodities Minister Datuk Peter Chin Fah Kui.
-- BERNAMA
Looks like fundamentals for palm oil will stay strong at least for the near term. Even with slow down in World economy, tight supplies coupled with high demand from esp India and China will underpin palm oil prices.
US futures still positive. Hopefully Dow will remain positive. Upside Breakout tomorrow will almost be certain. My opinion.
Dont't be too quick to sell. Watch the charts and the fundamentals. To be safe can take some profit at the next resistance level . Hold the rest and see how.
Try plotting the bottom of its bar chart for these 3 weeks and its tops for these 3 weeks. You will get a symmetrical triangle indicating a breakout soon.