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...Married Deal: Vol: 1,760 Value: $5,885,440 ie $3.344/share Prev Close: $3.35...
...recent low $3.28... psychological support $3.30...
| Bird flu outbreak may hit Wilmar: DBS Vickers |
WRITTEN BY DOW JONES & CO, INC |
China's bird-flu outbreak may affect Wilmar, DBS Vickers says, citing moves by authorities there to suspend the live poultry trade in three cities and take culling measures to curb the H7N9 virus' spread.
" An escalation in mass culling may cut soybean meal demand/prices, and in turn, crush margins in China," it says, noting CBOT front-month soybean futures fell by 6% over the past week on fears export demand would slow on the culling. But DBSV notes the culling has been insignificant so far and it is keeping its FY13 oilseed and grains pretax margin forecast intact.
If a slowdown in soybean imports and crushing has consequences for China's domestic soybean-oil supply, palm-oil imports could increase as a substitute, with palm oil prices likely to continue to recover, the house says. But it adds, Indonesian refining margins are weakening and could be even lower if imputing trade barrier costs such as an Indian import tax.
It cuts Wilmar's FY13-15 earnings forecasts by 4%-8% and lowers its target to $3.72 from $3.88. It keeps a Hold call. The stock is down 2.7% at $3.30.
Wilmar and Golden Agri under perform the other index stock
When will it come back?
Judging from the weekly short volume, it looks kinda scary...
Wilmar 24970000 SGD 83781170.00
UOB KayHian raises Wilmar to Buy from Hold.
“We foresee 2013 pre-tax margin to be more stable and have better visibility. As Asia’s largest agri-commodity company, Wilmar can have better bargaining power in a high-inventory market and enjoy lower raw material prices.”
It expects Wilmar to benefit from the release of oilseeds and vegetable-oil reserves in China, starting in early March “as the largest oilseed crusher and consumer pack cooking oil producer, Wilmar will bid for these, which are usually released from national reserves at a below-market price.”
It raises its target to $3.80 from $3.70 after applying a higher 2013 P/E of 15x vs the previous 13x for the oilseed & grain division on the oilseed-reserves release and strong sales volume growth from non-cooking oil consumer packs. The stock is up 0.9% at $3.39.
sinang ( Date: 20-Mar-2013 09:24) Posted:
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[SINGAPORE] Reports pointing to the death of commodities as an investment class appear wildly exaggerated.
In fact, despite the doom-and-gloom headlines, the sector seems set to provide investors the benefit of diversification, industry observers say.
The Financial Times and Wall Street Journal reported last month that institutional investors such as pension funds, insurers and hedge funds have pulled large sums of money from commodities following the sector's worst annual performance in more than a decade. Barclays data showed nearly US$10 billion in outflows from commodity indexes.
In the week up to Feb 26, hedge funds and other speculators also reduced net-long positions - which bet on the rise in prices of commodities - by 16 per cent to 447,106 contracts, the lowest since March 2009, according to data by the US Commodity Futures Trading Commission.
sinang ( Date: 15-Mar-2013 17:19) Posted:
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eurekaw ( Date: 15-Mar-2013 16:50) Posted:
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You are good..
But i think we played differently. Both Huat arh!!
ynnek1267 ( Date: 15-Mar-2013 16:44) Posted:
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you see. Ask to load don't load. No chance liao lah. Next week chiong till hill liao. Wahahahahahaa!!!!!!!!