Post Reply
81-100 of 6778
ok... queueing to sell some at 62.5
Shld break 60. my view. Dyodd.
lingua101 ( Date: 15-Nov-2013 11:23) Posted:
|
back to 59/59.5 seems so strong le... not down to below 50. sell at 60 or may rocket more?
Seems like it really hold at 0.56/0.565. I see got chance to hit 0.6 again. But may not able to clear 0.6 tmr.
got chance to re-attempt 60 cents? CPO is quite bullish now.
cheers,
Jason at http://myfcoach.com/ and http://millionaire-investors.blogspot.sg/
myfcoach ( Date: 12-Nov-2013 20:14) Posted:
|
|
Golden Agri-Resources Ltd ? Weak 3Q13 results on low CPO price (Nicholas Ong) Recommendation: Neutral Previous close: S$0.565 Fair value: S$0.50
· 9M13 results below expectations · 0.585 SG cents interim dividend declared · Maintain Neutral
|
|
Source: Phillip Securities Research Pte Ltd |
Golden-Agri's Q3 earnings down 64.8%
GOLDEN Agri-Resources (GAR) suffered a significant hit to its third-quarter earnings, as its revenue dipped and gross margin fell.
The palm oil plantation company reported a 64.8 per cent plunge in its net profit attributable to shareholders for the three months ended Sept 30, 2013. Its bottomline came in at US$30.2 million compared to US$85.9 million the year before.
Revenue dropped 6.1 per cent year-on-year to US$1.6 billion while gross profit fell 30.3 per cent to US$277.5 million.
Earnings per share (EPS) were 0.24 of a US cent, compared to 0.68 US cent a year earlier.
with CPO hitting 3 years low (2167 RM) in July...and small rebound from Aug to Sept, it is hardly surprising for big drop in profits. As a matter of fact, would you expect GAR to do well for the last quarter? do expect some reactions due to the result though. Indoagri and wilmar didn't do better either....But they did dropped after results were announced and then rebounded ....have u wondered why?
btw CPO just surged to 2600 RM from 2528 RM today on weaker RM.
Seasonally, July to Oct(peak) the Fresh Fruit bunch production tend to be high...Nov to Feb production will be low due to monsoon season making harvesting difficult/impossible and costly....
just sharing, not a stock recommendation.
cheers, Jason.
myfcoach ( Date: 08-Nov-2013 17:00) Posted:
|
In case you interested.
You can look at Wilmar. Should have chance to break $4.50. I am not vested in Wilmar though- run out of bullet.
Goodluck.
Rosesyrup ( Date: 12-Nov-2013 18:07) Posted:
|
I warned already. But some forumer here think that I am trying create fear and bring the price down so that I can enter low. Sad thing about this forum, people take sincere advice as ploy- the opposite is also true. No one really look at fundamental.
Anyway I am already out at 60cents. Take care.
lingua101 ( Date: 12-Nov-2013 17:51) Posted:
|
wow 46-50cents region? wow die le.... i should have sell it....
Rosesyrup ( Date: 12-Nov-2013 17:18) Posted:
|
Gosh! All shortiests must be dancing now!!!
Profit down 50% compared to 2012 quarter.
Profit down 33% compared to last quarter.
Now price can go back down to 46-50cents region.
At least need to wait 1 more year before the firm's fundamental recovers.
results are bad
It went up to 58 just now. Now went down again to 57.
Today is the result announcement right? Result not good?
support at 0.56 holds...quite strong buying today at 0.565-0.575....hope a Higher Low is formed....guess Plantations rally not over yet...
cheers,
Jason at http://myfcoach.com/ and http://millionaire-investors.blogspot.sg/
Down to 0.565. See whether it can hold here till result out.
KUALA LUMPUR - Malaysian palm oil futures edged lower on Wednesday as investors continued to book profits from prices that surged to one-year highs last week, but optimism on slowing production capped losses and kept the market trading in a tight range.
Benchmark prices posted their biggest weekly gain in more than four years last week, lifted by strong Asian demand and expectations that Southeast Asian palm oil output has begun to taper off.
Benchmark prices posted their biggest weekly gain in more than four years last week, lifted by strong Asian demand and expectations that Southeast Asian palm oil output has begun to taper off.
Rosesyrup ( Date: 06-Nov-2013 19:29) Posted:
|
My forecast: the result is at best mediocre.
I warned of unstainable rally and have took profit at 60cents.
Goodluck to the rest.
Rosesyrup ( Date: 01-Nov-2013 09:44) Posted:
|
that day sold to counterparty is dmg