GMG Global   

GMG CHIONG tomoro -Flash floods hit southern Thail

wth all of a sudden 0.32 got such big q...fake one or wat

 

yeah!!

BLTENG1973      ( Date: 26-Jan-2011 16:47) Posted: You have my Support! yummygd      ( Date: 26-Jan-2011 16:44) Posted: dun sell at 0.315!!!!it can hit 40!!

 

You have my Support!

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

 

dun sell at 0.315!!!!it can hit 40!!

 

bought more at 0.31 hopefully tom will chiong somemore

crystal1818      ( Date: 26-Jan-2011 15:26) Posted: No wonder the price shoot up suddenly. What a pity didn't buy despite monitoring... Sigh. kiasiDBT      ( Date: 26-Jan-2011 11:51) Posted: GMG Global up 8.8% after Merrill’s “buy” call Shares of Singapore’s GMG Global (GMGG.SI) rose as much as 8.8% on Wednesday after Merrill Lynch initiated coverage of the firm with a “buy” rating with a target price of $0.50. At 10:54 a.m., shares of GMG Global, which owns rubber plantations in Indonesia, Cameroon and Ivory Coast, were 5.3% higher at $0.30 with over 65.9 million shares changing hands. Merrill Lynch said GMG’s parent Sinochem, being China’s largest rubber trader, will give GMG direct access to the China market, which consumes a third of the world’s rubber production. “The 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,” the brokerage said in a report. The rise in GMG’s share price comes as Thailand’s Sri Trang Agro cancelled its Singapore secondary listing, citing market volatility.

 

No wonder the price shoot up suddenly. What a pity didn't buy despite monitoring... Sigh.

kiasiDBT      ( Date: 26-Jan-2011 11:51) Posted: GMG Global up 8.8% after Merrill’s “buy” call Shares of Singapore’s GMG Global (GMGG.SI) rose as much as 8.8% on Wednesday after Merrill Lynch initiated coverage of the firm with a “buy” rating with a target price of $0.50. At 10:54 a.m., shares of GMG Global, which owns rubber plantations in Indonesia, Cameroon and Ivory Coast, were 5.3% higher at $0.30 with over 65.9 million shares changing hands. Merrill Lynch said GMG’s parent Sinochem, being China’s largest rubber trader, will give GMG direct access to the China market, which consumes a third of the world’s rubber production. “The 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,” the brokerage said in a report. The rise in GMG’s share price comes as Thailand’s Sri Trang Agro cancelled its Singapore secondary listing, citing market volatility.

 

Been soaking up this baby during its last 2 dips below 0.285.

It will probably test its last high point pretty soon.

But, will it hit 0.40...

 

up up up!!!tomorrow chiong again~~~

 

got!!Hope baby will be nice to me

 

14:46:38

0.3

2585000

married trade...

 

u covered short yet?

ozone2002      ( Date: 26-Jan-2011 09:41) Posted: short both gmg n sri tang

 

hmmmmm seems like maybe must revise price

 

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

 

oops trigger my sell @3.10 :D lucky still keeping some lots...

 

GMG Global: Merrill Lynch Initiate at Buy with $0.50 TP.based on SOTP, with an implied FY11E PE of 15.5x, and offering a 75% potential upsiside. 2011 and 2012 rubber price assumptions are US$5.5/kg and US$6.5/kg. Note that Rubber is the ‘new black’ and sector is facing a severe supply shortfall post many years of under investment.

Note that with the rising demand driven by China and India auto, 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.

Highlight that 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.

Tip every 1% change in rubber price (ORA Comdty) to lift earnings by 4.1%, while 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.

 

cn breach 100m vol today jia you

 

3996 +3000+2088+1418=10502 lots eat up @30.5...swee... swe...

 

Looking good and feeling goooood about GMG now~~  Let's Cheong! Cheong! Cheong!

 

good.

 

Thai Sri Trang cancels S'pore IPO listing

BANGKOK | Tue Jan 25, 2011 9:48pm EST
Jan 26 (Reuters) - Thai rubber maker Sri Trang Agro-Industry Pcl STA.BK said on Wednesday it has cancelled its plan to list shares on the Singapore bourse due to unfavourable market conditions.

The cancellation came after the company postponed fixing its initial public offering price (IPO) on Monday after the Thai stock market tumbled along with other regional bourses. ($1= 30.94 Baht) (Reporting by Ploy Ten Kate; Editing by Alan Raybould)