Golden Agri-Res    Last:0.24    -0.005

GoldenAgr

Vested, certainly I am.  Heavily. I'm not.   I believe in diversification.  May not gain too much, neither would you loose heavily on one counter.  I feel that anybody who put up a posting regarding any stock should also include info to back up.  Will make this forum so much more useful for everyone.

 

BB= BIG BEAR !! hee....

say...investor38 seems heavily vested in this counter siah.....every now n then will hv propaganda msg on this hor? hee...

anyway gd luck !! cheers to more $$$ !!

:D

 

Fundamentals are stacked against sellers. Daily and weekly charts showing strong positive divergence. Big players accumulating before they start pushing up the prices. It will go up. That's my opinion.

 

Yup.. commo' babe, time to go up liao la..

 

MALAYSIAN stocks remained steadier at mid-morning today led by gains in plantation stocks after the surge in crude palm oil (CPO) prices yesterday, dealers said.

At 11.00 am, the Kuala Lumpur Composite Index (KLCI) gained 5.20 points to 1,226.27. It opened 1.21 points lower at 1,219.86.

The Industrial Index rose 2.54 points to 2,532.29 and the Finance Index increased 56.03 points to 9,724.85.

The FBMEmas gained 32.48 points to 8,286.41, the FBM30 added 33.01 points to 8,084.42 but the FBM-Mesdaq declined 27.25 points to 4,849.54 and the FBM2Board dropped 7.42 points to 5,798.92.

Gainers led losers by 202 to 168 while 196 counters were unchanged, 855 untraded and 26 others were suspended.

Volume stood at 161.555 million shares valued at RM285.014 million.

Dealers said continued buying of plantation stocks helped the key index to remain in the positive territory after opening lower.

?Higher CPO prices had spurred buying interest in plantation stocks,? a dealer said.

Yesterday, CPO futures prices on Bursa Malaysia Derivatives closed higher in line with stronger crude oil and soyoil prices. April ?08 surged RM82 to RM3,367 a tonne, May ?08 rose RM85 to RM3,372, June ?08 soared RM85 to RM3,382 and July ?08 jumped RM90 to RM3,385.

Topping the active list, Engtex declined 2.5 sen to 65.5 sen, Scomal shed half sen to 14.5 sen and Engtex-WA lost 6.5 sen to 19.5 sen.

Of heavyweights, Sime Darby and Telekom Malaysia were both unchanged at RM8.65 and RM10.70 respectively. IOI Corp and Maybank increased five sen each to RM6.70 and RM8.20 respectively.

Public Bank rose 10 sen to RM10.80 and Bumiputra-Commerce added five sen to RM10.00 . ? Bernama

 

Expect local palm oil counters to follow.

 

BB = Big Boys.  Usually traders playing on big volumes for small margins or fund managers representing big funds, local or foreign. 

 

Hi 38, who's BB?

investor38      ( Date: 08-Apr-2008 11:16) Posted: Great attempt by traders/BB to suppress price so that they can collect at lower prices.  Net voume buy up still much higher than sell down.  Hold your horses. You will be rewarded.

 

Found this on DJ news wires latest maybe of interest!


DJ MARKET TALK: Singapore Palm Stocks Up; Outlook Bullish -BNPP

0248 GMT [Dow Jones] Singapore palm oil stocks higher, outperforming wider market on renewed confidence in palm oil price outlook. Indofood Agri (5JS.SG) +1.4% at S$2.13, Golden Agri (G17.SG) +0.6% at S$0.91, Wilmar (F34.SG) +0.7% at S$4.39, First Resources (EB5.SG) +0.5% at S$0.935. All doing better than FTSE ST All Share, down 0.5%. BNP Paribas reiterates Overweight call on Asian plantation sector, says recent pullback in soybean prices on increased soybean acreage, which triggered drop in crude palm oil (CPO) prices, was not based on fundamentals. Increased acreage only tiny as proportion of total soybean land; says, "oilseed supply tightness prevails and substitution and rising demand will keep CPO prices firm." Several Singapore palm stocks still giving oversold signals on technical indicators, but today's share price rises are on low volume, which suggests further near-term upside is capped. (KIG)

 

 

Great attempt by traders/BB to suppress price so that they can collect at lower prices.  Net voume buy up still much higher than sell down.  Hold your horses. You will be rewarded.

 

Safe investment depends on fundamentals.  Rather naive for anyone to think that u can just talk up the price of a share.  Large voume buy up seen this morning.  Technical indicators look positive. Following articles are positive:

Malaysian shares were slightly higher in early trading on Tuesday as palm oil stocks edged higher after recent gains in crude palm oil (CPO) futures. Palm oil stocks have the biggest weighting on the Kuala Lumpur Composite Index (KLCI), making up about 20 percent of the benchmark index.

Plantation giant Sime Darby, the largest stock on the bourse by market value, rose 0.6 percent to 8.70 ringgit.

Malaysia's second-largest palm oil producer, IOI Corp, added 0.8 percent to 6.70 ringgit and Kuala Lumpur Kepong, which owns plantation estates in Malaysia as well as Indonesia, gained 1.3 percent to 15.60 ringgit. 

SINGAPORE: Palm oil futures in Malaysia, the global benchmark, rose for a third day on speculation Argentine farmers may reduce soybean planting for the next season after the government raised export taxes.

Soybean oil prices in Chicago gained for a fifth day as farm groups in Argentina, the world?s largest exporter of the vegetable oil, protested against the tax increases and blocked shipments in a three-week strike that was suspended April 2.

Palm oil, the main substitute for soybean oil, has gained 10% this year while soybean oil has jumped 15%.

?The market is worried that Argentine farmers may plant less soybeans and there could be a shortfall even if US farmers plant more,? Ivy Ng, analyst at CIMB Securities Bhd, said by phone from Kuala Lumpur yesterday.

Palm oil for June delivery rose RM85 to RM3,382 a tonne on the Bursa Derivatives yesterday.

Goldman Sachs Group Inc said on April 3 it remained ?very cautious? on the outlook for greater soybean production in Argentina. Less of the oilseed may be grown because of an increase in export taxes, Goldman Sachs analysts said in a report.

 

10:16:54	0.915	120,000	Buy Up
10:16:54	0.915	50,000	Buy Up
10:16:53	0.915	1,104,000	Buy Up
10:16:39	0.910	10,000	X
10:16:35	0.910	1,273,000	Buy Up
10:16:27	0.910	200,000	Buy Up

Hopeully, another wave of big buy , can break above .925.

 

wow...looks like many ppl here selling "koyok" to talk up this burger siah !!

hee...attempt to climb to 92.5cts have been heavily subpressed siah ! :D

try harder !

cheers !

hee..

 

AK,  you are most welcome.  Through my years of investment,  I learned many a painful lesson of not investing based on fundamentals.  All the news and info regarding palm oil counters are fairly positive and as a commodity palm oil is very versatile.  And as long as crude oil prices remain high, the demand for palm oil will continue to increase.  My view is that palm oil counters are undergoing a period of consolidation since the recent pull back.  It will continue its upward trend. Therefore, it is important that we should all do the research and keep one another posted on any developments in this sector.  It is often a situation of fear vs greed but at the end of the day,  it is the fundamentals that preserve the value of your stock.  My two cents worth.

 

38, tks for the posting, indeed it boost the confidence of investment on this burger since it dropped from height of 1.23. The cheapest palm oil stock. Cheers.

 

By Daily Guide
Mon, 07 Apr 2008
Business/Finance

Imports of palm oil into the European Union (EU) are set to grow as it is relatively cheaper than soy or sun oil.

Heike Hintze-Gharres, market analyst at the Home Grown Cereals Authority, said: ?The amount of palm oil used in the EU is astonishing.?

While many people have raised concerns about the use of the edible oil to make bio-diesel, she said: ?What people don't always realise is how much it is used for everything else.?

About 10 percent of products on the EU's supermarket shelves contain palm oil, she said, adding that about 74 percent of palm oil in the EU goes towards food production.

Richard Whitlock, Industrial Crops Director at Frontier Agriculture, said that palm oil production had been expanding rapidly before the bio-fuels industry took off, and that bio-fuels were "the icing on the cake".

He said that although sustainability standards in the European Union for both food and bio-fuels could help to put the brakes on deforestation, these standards needed to be made global or else unsustainable palm would continue to be profitable in other regions.

 

Another piece of positive news for palm oil stocks investors. 

 

April 07, 2008 15:38 PM

Palm Oil Exports To Hit Record RM50 Bln This Year, Says MPOB

KUALA LUMPUR, April 7 (Bernama) -- Palm oil export earnings will touch a record high of RM50 billion this year with prices expected to maintain its bullish run, according to the Malaysian Palm Oil Board (MPOB).

In tandem with soaring palm oil prices, export revenue has increased 41.8 percent to RM45.1 billion compared to RM31.8 billion in 2007, MPOB chairman Datuk Sabri Ahmad said Monday.

He said continued tight supply and high demand of vegetables oil as well as adverse weather conditions could see a continued bull-run of palm oil prices in 2008 and 2009.

"We expect the world demand for vegetable oils and fats to increase within the next three to four years," Sabri said at the MPOB Programme Advisory Meeting 2008 here.

"China and India are expected to take the lead in demand for palm oil due to mushrooming domestic industries and increasing consumption," he said.

Sabri said the palm oil industry recorded "phenomenal performance" in 2007, with the average price of crude palm oil at RM2,530.50 per tonne as against RM1,510.50 the previous year, up by 67.5 percent.

However, the production of crude oil declined marginally by 0.4 percent to 15.823 million tonnes from 15.880 million tonnes the previous year, he said.

The total oil palm planted area increased by 3.4 percent in 2007 to 4.304 million hectares from 4.165 million hectares in 2006, he added.

Sabri said palm oil exports declined by 4.8 percent to 13.737 million tonnes in 2007 from 14.423 million tonnes the previous year.

China maintained its position as the largest importer of Malaysian palm oil for the sixth consecutive year, importing 3.84 million tonnes or 27.9 percent of total, he said.

Other major importers included the European Union which bought 2.06 million tonnes or 15 percent, Pakistan which recorded 1.07 million tonnes or 7.8 percent and the United States which imported 0.79 million tonnes or 5.8 percent.

Sabri said the reduction in the import of Malaysian palm oil products by traditional markets such as India and efforts to penetrate new markets have to be addressed so as to ensure increased marketability.

He also said that research and development must continue to increase productivity, enhance value addition and generate wealth in a sustainable manner.

-- BERNAMA

 

Looks like fundamentals still very strong for palm oil stocks.     Today's CPO futures closed up sharply. Prices for counters like golden agri, indo-agri, first resources and wilmar should see strong support and continue to trend upwards based on fundamentals technical indicators.  Seeing large volume accumulations these two trading days. I repeat that it will be foolhardy for anyone to try and short these counters. Cheers


 

 

 

Penny's stocks day again. Maintain, then we got rice to eat leow:)

 

Buy up volume still much more than sell down volume after 3.30 pm.  Big volume sell down with even bigger voume buy up seen. Obviously imply accumulation going on.  Watch for last minute run up in price!  just my opinion.

 

wah $1 !?!?! u sure can reach that high?? anyway CPO is up trend now from what i see...hee...

as long as CRUDE OIL is high...this burger got chance :D and the bio-fuel crap is still hot ! :D

 

i vested at 1.06 , will sell once reach 1.00 to cut loss. today trading volume for golden agri very low !! price still stay at 0.90to 0.905, have to wait until this week liao.