Indofood Agri    Last:0.32    +0.005

Indofood Agri Resources

FCPO	Jun 2008	3657.00	3660.00	3657.00	3660.00	3666.00	3660.00	3612.00	48.00	687	50
FCPO	Jul 2008	3601.00	3687.00	3601.00	3681.00	3687.00	3687.00	3616.00	71.00	6918	423
FCPO	Aug 2008	3660.00	3712.00	3653.00	3706.00	3709.00	3708.00	3623.00	85.00	14791	3,238
FCPO	Sep 2008	3670.00	3717.00	3665.00	3712.00	3715.00	3712.00	3627.00	85.00	9791	1,305
FCPO	Oct 2008	3680.00	3700.00	3680.00	3685.00	3720.00	3700.00	3625.00	75.00	1339	32
FCPO	Nov 2008	3680.00	3695.00	3680.00	3695.00	3720.00	3695.00	3605.00	90.00	2675	48
FCPO	Jan 2009	3660.00	3670.00	3660.00	3660.00	3695.00	3670.00	3600.00	70.00	2395	22

 

With CPO prices remaining relatively stable and high, expect second quarter results to be very good for all palm oil counters.  Good time to accumulate if you can hold.  Sell when there is a buy up   Downside limited at current price.  Price will recover quite quickly when sentiments improve.  Just my opinion. Caveat emptor.

 

a lot of upgrades from many brokers (Goldman sac, credit suisse)..target price >$3...

 

looking gd for an entry again.. @ $2.39..tempting.,.

 

Credit Suisse trims Indofood Agri Resources target price to $3.40 from $3.65; keeps at Outperform. Tips company as top Indonesian palm oil plantation pick.

"We believe that the valuation of IFAR remains undemanding, currently trading at a 15%-40% discount to its Malaysian peers."

Says, narrowing of macroeconomics, regulatory risks of Malaysia and Indonesia may narrow valuation gap of the countries' crude palm oil, or CPO, counters. Says positive outlook partly due to company's upstream plantation business having one of the lowest cost components among all Indonesian palm oil producers; adds, recent acquisition of London Sumatra turns IFAR to net long CPO position from previous net short position due to its lower-margin downstream segment; also puts consolidated plantation age profile in "sweet spot." Notes positive CPO price outlook.

 

UOB initiated coverage on IndoFood Agri with tp of $3.55 on 30/5.

 

Contra at $2.51......... Monday come again cheer

 

$2.5 a cool 16-18c profit..yeah baby.. :)

 

Report on Indofood Agri Resources by DMG.

Outlook for the palm oil industry is still looking positive. First, demand for CPO worldwide has remained strong. Consumption grew by more than 28% from 28.2m tons in 2003 to 36.3m tons in 2006. Secondly, prices of CPO have been soaring as under-cultivation in the past has resulted in supply lagging demand. CPO prices rose from a low of US$272/tonne between 10/00 to 7/01, to a recent high of US$1,395/tonne in Mar this year.

IFAR is one of Indonesia's leading oil palm planters and producers of CPO, producing over 312,000 tons in FY07 and 170,000 tons in 1Q08. It has approximately 165,853 ha of planted area, with a mature area of 122,151 ha. IFAR's total land bank is 406,519 ha (excluding plasma) as at end 3/08 (up from 237,262 ha at end '07, prior to Lonsum's acquisition), which includes an unplanted area of 240,666 ha. This sizable land bank would help support IFAR's aggressive planting targets.

IFAR completed their acquisition of 56.41% interest in Lonsum on 30/10/07 and increased their interest to 64.42% by 12/07. For 1Q08, with Lonsum's contribution, IFAR's CPO production was 170,000 tons. This 161% YoY jump in production was one of the main contributors to IFAR's strong 1Q08 results.

In FY07, sales of oil palm products accounted for about 78% of Lonsum's revenue while CPO production amounted to 351,000 tonnes. The consolidation of both operations and estates will enable expedition of their plantation expansion strategy and leveraging on economies of scale for higher productivity and output. The cost advantages achieved will in turn boost both Lonsum and IFAR’s competitiveness in the market. In time, there would be greater cost efficiencies, productivity, economies of scale and improved yields in the long run. This will enable IFAR to drive down their unit cost of production, ensuring a highly competitive business model.

Initiate coverage with BUY. With the global trend of higher consumption and usage of palm oil and
the present high CPO price, we believe that IFAR is in a sweet spot to enjoy the present conducive
environment, especially with its high ratio of mature acreage. Using a P/E of 14x in view of investors'
continued bullishness of the commodities markets, we value IFAR with a fair value of $3.34,

 

ya agree with you .

 

if i know what price to sell i won't be here already.. :)

but this counter is good for goin in n out... active trading..

 

hehe ozone2002 target price to sell ?

 

in the money baby!..loving it loving it lovin it..

time to speculate this counter..

ozone2002      ( Date: 29-May-2008 11:13) Posted: accumulated some at low $2.3...cheaper than the bloody fund...today got some gains.. waiting for the fund to start to cook this counter..

 

Using a P/E of 14x in view of investors' continued bullishness of the commodities markets, DMG values IFAR with a fair value of $3.34.

 

think no one gives a shit abt this counter..more focus on straits asia today

 

indoagri going to buy sugar plantation about 1/3 the size of singapore, according to article at
http://www.nextinsight.com.sg/content/view/364/60/

they interviewed the ang mo ceo below. do u think the sugar plantation gonna be a big booster in fuutre?

 

accumulated some at low $2.3...cheaper than the bloody fund...today got some gains..

waiting for the fund to start to cook this counter..

 

Would it be due to Fengshui? Urgly!!!! for both palm oil coy. Unlike the one, Wm, horse got will to chiong, ha ha.

 

wah u buy now cheaper than the fund... where got such good lobang..

ozone2002      ( Date: 29-Apr-2008 11:21) Posted: Name of Announcer * INDOFOOD AGRI RESOURCES LTD.   Company Registration No. 200106551G   Announcement submitted on behalf of INDOFOOD AGRI RESOURCES LTD.   Announcement is submitted with respect to * INDOFOOD AGRI RESOURCES LTD.   Announcement is submitted by * Mak Mei Yook   Designation * Company Secretary   Date & Time of Broadcast 28-Apr-2008 12:36:44   Announcement No. 00036       >> Announcement Details The details of the announcement start here ...   >> PART I   1. Date of notice to issuer * 25-04-2008     2. Name of Substantial Shareholder * The Bank of New York Mellon Corporation    3. Please tick one or more appropriate box(es): *   Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest. [Please complete Part III and IV]     >> PART II   1. Date of change of [Select Option]     2. Name of Registered Holder     3. Circumstance(s) giving rise to the interest or change in interest [Select Option]     # Please specify details   4. Information relating to shares held in the name of the Registered Holder   No. of [Select Option] held before the change   As a percentage of issued share capital %   No. of N.A. which are subject of this notice   As a percentage of issued share capital %   Amount of consideration (excluding brokerage and stamp duties) per share paid or received     No. of N.A. held after the change   As a percentage of issued share capital %     >> PART III   1. Date of change of Deemed Interest 23-04-2008     2. The change in the percentage level From 5.15 % To 6.10 %   3. Circumstance(s) giving rise to the interest or change in interest Open Market Purchase     # Please specify details   4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: The change in the percentage level is the result of a series of transactions.       >> PART IV   1. Holdings of Substantial Shareholder , including direct and deemed interest :   Direct Deemed No. of shares held before the change 0   74586000   As a percentage of issued share capital 0 % 5.15 % No. of shares held after the change 0   88373000   As a percentage of issued share capital 0 % 6.10 %   Footnotes CIMB-GK Securities Pte. Ltd. acted as the financial adviser to the Company in relation to the acquisition of the entire issued share capital of Indofood Oil & Fats Pte. Ltd.     displayAttachments_LN:: displayAttachmentsLength_LN:: Attachments: Total size = 0 (2048K size limit recommended)   This bugger is buying more of Indoagri... i also accumulate with them... ;p

 

haha. how come no one interested in this counter already. 

 

hello. anyone care to share their opinion on the outlook for this counter for this week? an anticipated drop today, but will it rise yet again?