Golden Agri-Res    Last:0.245    -0.005

GoldenAgr

Sui Sui rebounce at Fibo 61.8% ! All the way!

 

Pulses, edition Apr 08, page 67, read the Golden Agri article for transparency. Alternatively, you may subscript the forthnightly edition of Shares Investment handbook, where the book will illustrate the STI's stocks data, thats including coy meeting and declare of devidends etc. Some broking houses will send them to you FOC.

 

freeme, thanks .. so as to say , if the buy vol or sell vol is being filled , there will be the next price change. Is there a  threshold to be filled , before the next price change. ? or is there any site that I can do more reading . on the price movement .

 

Yo, that is the buy sell Q.. when u see Svol low, they means ppl buying up and soon it will jump to next price liao.

If u got subscribe to Market Depth u will have a clearer pic.

hondastream      ( Date: 04-Apr-2008 12:29) Posted: thanks folks. for the sharing. Just one fundamental question . from most of the eplat form which we use for etrading. the              BVol (K)   buy   sell  Svol(K)  can anyone share to explain this Bvol and Svol ... pardon me.. for asking this. ..

 

thanks folks. for the sharing. Just one fundamental question .

from most of the eplat form which we use for etrading.

the              BVol (K)   buy   sell  Svol(K) 

can anyone share to explain this Bvol and Svol ... pardon me.. for asking this. ..   

 

Be patient. You will be rewarded.  Fundamentals for palm oil counters still good.  More foreign funds coming back to Asian markets.  Palm oil future prices may vary from day to day or even week to week.  The long term chart is nevertheless still positive.  Buy dips.

 

Ha ha, with all your good blessing in Goldenagri as my one is still in red. Cheers

 

KUALA LUMPUR, April 3 (Bernama) -- Diversified company Boustead Holdings Bhd is confident that crude palm oil (CPO) prices will remain bullish at RM3,000-RM3,500 per tonne this year given thinning supply and growing demand which will have an equally strong impact on its plantation business, group managing director Tan Sri Lodin Wok Kamaruddin said Thursday.

"With surging CPO prices, we believe that profits for this year will be much better. So far, our sales are much better than last year," he told reporters after the groups annual general meeting here.

In 2007, the plantation division contributed about 25 percent to the group's total profit.

He said the strong CPO prices will be supported by rising demand for bio diesel as global crude oil prices remain high at US$100 per barrel.

"The demand for CPO will also continue to be strong this year until next year with India removing its import duty on palm oil while Indonesia is imposing a 20 percent export duty," he added.

Lodin Wok also said that Boustead Holdings, via its research plantation house Applied Agriculture Resources Sdn Bhd (AAR), is in the process of developing tissue culture planting material that will help improve yield to 25 tonnes from 20 tonnes per hectare.

He said the group is also looking to improve the density of planting in its existing plantation areas to 180 plants per hectare from 140 plants through further research using the tissue culture method.

The group has allocated RM8-9 million to set up AAR's culture lab and produce about a million of organic plants a year.

The groups total planted area is about 70,000 hectares.

On the trading business, Lodin Wok said Boustead plans to build another five to 10 percent of its BHPetrol stations this year from 300 with a total investment of RM30 million.

The group also plans to launch the construction of three blocks of condominium this year with a gross development value of RM200 million.

Lodin Wok added that Boustead is also eyeing to establish an Islamic banking operation in China via a joint venture with its foreign partner Bank of East Asia, but this is subject to approval from various authorities.

-- BERNAMA

 

It would be brave for anybody to short-sell given all these positive news on palm oil.  Big voulme buy up today (according to volume distribution charts this morning).  Expect price to go up this afternoon.  My two cents worth.   

 

 

According to my chart,  golden agri, first resources and Indo-agri has reached oversold region.  A rebound is imminent.  I still believe stockists/BB instilling fear in small time investors by selling down in a big way so that they can collect at cheaper prices. Most reports that I have come across says that palm oil prices averages this year will still be higher than last year.  So there is no reason for their share prices to be lower than last year!  Remember look at the fundamentals before you sell.  Cheers.

 

CPO futures up sharply
CPO FUTURES


CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives Bhd closed sharply higher yesterday, boosted by the strengthening soyaoil bean prices, said dealers.


The benchmark third-month June '08 contract rose RM120 to RM3,290 per tonne from RM3,170 at Wednesday's closing, they said.


"The futures were all up sharply in tandem with soyaoil bean's overnight rally. Right now our palm oil market is tracking very closely the overseas markets, especially soyaoil," said one dealer.


Another dealer said the continuing soyaoil farmers' strike in Argentina - and another strike at a Brazil airport - helped ensure limited soyaoil supply, which is in the favour of palm oil prices.


Port workers at the Paranagua port in northern Brazil launched a strike Tuesday night to demand better wages, which caused the port's soyabean shipments to overseas destinations to be paralysed.


Paranagua is principally a soyabean exporting port, handling about 60 per cent or 11 million tonnes of Brazil's soyabean exports.


At the close of CPO futures trading, April 2008 increased RM95 to RM3,285 per tonne from RM3,190 and May 2008 climbed RM117 to RM 3,287 from RM3,170 previously.


July 2008 rose RM39 to settle at RM 3,295 from RM 3,256 on Wednesday.


Yesterday's volume stood at 15,090 lots compared to 11,531 lots Wednesday.


Open interest decreased to 44,870 contracts from 45,587 contracts previously.


On the physical market, April South was higher at RM3,300 per tonne from RM3,200 previously.

Fundamentals for palm oil still good.  Demand is high as long as oil prices above $60/barrel.  Palm oil is a very versatile commodity.  Besides use as cooking oil and biofuel, it can be used in many other industries.  My opinion is that BB are keeping the prices of palm oil counters down.  Fear cause small investor to sell out. 

My strategy is as long as the fundamentals of palm oil is good,  buy when there is a sell down.  You can choose to let go for a small profit when the share prices rebound or keep it for the medium term.  Just my two cents worth.  Trade with caution and only money that you have.

 

not comfortable buying make in Indonesia product, company must have deep pockets ( you know what i mean) in order to survive.

 

The Jakarta Composite index lost 104.22, or 4.45%, to close at 2,237.97, its steepest drop since Sep 17 as a spike in inflation raised concerns about the country's economy. Inflation in Mar accelerated to 8.2%, the Central Bureau of Statistics said on 1/4. That's the fastest pace in 18 months. Resource stocks also plunged.

I think these stocks are tracking the JCI. If that's the case, I think there may be more downside.

hondastream      ( Date: 03-Apr-2008 15:46) Posted: Anyone can share what is going on, for the price keep falling for golden agr, indo agri and also first resource.?

 

hv done one averaging on this joker already. keep some cash for SPC leow. Cheers

 

1st Res at this price is its lowest.. can buy if got money as 38 said. Others might still have some downside.. Indo's support is at 1.8. golden will be at trading near support liao.. if tml didnt drop too much.. its time to load up!

investor38      ( Date: 03-Apr-2008 16:40) Posted: Golden agri, Indoagri, First resource. Safe to buy at this prices. downside limited with palm oil prices still strong. Personal opinion. Trade with care and money that you have!

 

buying up begins

 

Golden agri, Indoagri, First resource. Safe to buy at this prices. downside limited with palm oil prices still strong. Personal opinion. Trade with care and money that you have!

 

Watch for last hour of trading.  Prices likely to rise.  Palm oil futures surged today.  Shortist will have to cover themselves!!

 

Just let go half of my holding .....@835... Hop3 the guy who take this will earn and will let go more later at around.. closing...

 

there's always opportunity here... i will be back on this counter.... been bunrt twice but i am not shy!!!! hahaha

 

 

Anyone can share what is going on, for the price keep falling for golden agr, indo agri and also first resource.?

 

 

 

KUALA LUMPUR: Malaysian crude palm oil futures jumped by 4.4 per cent on Thursday, boosted by strengthening soybean oil prices and prospects of strong demand from India after New Delhi scrapped edible oil import tariffs. Palm oil, used as a cooking oil and in products ranging from cosmetics, candies to biofuels, has lost close to 27 per cent since hitting a record high of 4,486 ringgit a tonne last month.

"India is sniffing around and buying in small quantities," said one trader with a leading plantation house in Kuala Lumpur. "We expect the demand to rise because prices have come down considerably and edible oil has become cheaper for Indian consumers after the removal of import duties."

The benchmark June contract on Bursa Malaysia Derivatives Exchange rose as much as 141 ringgit to 3,311 ringgit ($1,039) per tonne in early trade, holding on to gains of more than 7 per cent made this year. The contract finished the morning session at 3,276 ringgit. Spot soyoil at the Chicago Board of trade was down 0.7 per cent at 54.69 cents per pound, after rebounding in overnight US trade. But the most-active September soyoil contract at Dalian Commodity exchange was up nearly 2 percent. Dealers said support for the most-traded palm oil contract stood at 3,000 ringgit. "As of now, it is unlikely to fall below the 3,000 ringgit level. But if we have a huge stock build up then there is strong possibility for the market to go below 3,000 ringgit," said S Paramalingam, a broker in Kuala Lumpur.

Looks like BB selling down palm oil  counters to accumulate in big way.  Hope I am right.  Vested.