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Sakari

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DBS Group Research . Equity 11 November 2009

Our analyst is reviewing his forecast and TP for

the stock. Our plantation analyst believes that CPO price,

currently at RM2224/MT, may firm in December. His current

forecast is an average of RM2300/MT in 2009. However,

technically, we caution that CPO stocks have in the first

place, ignored the correction in CPO price since May this

year. CPO price reached a peak of nearly RM2900/MT in May

and has been in a correction trend since while CPO stocks

ignored this and continued to trend higher. Thus, from a

technical perspective, we do not feel excited about CPO

plays, especially the purer CPO plays, even if CPO price is to

firm a little. (refer to Weekly Comments dated 2 November)

rock n roll baby!

commodities rule!

ozone2002 ( Date: 11-Nov-2009 16:06) Posted:

this counter is doing well..

surpassed $2 already on gd vol

i am just waiting this roast pig to be fat enough for every shorter to feast :)

actually the main reason for the sudden turnaround in market sentiments is the G7 renewed intiative to keep the stimulus package, APEC meeting and govt's forecast of growth next year. Stock mkt is driven by economic news. Charting is a bit like reading tea leaves !

Calculation ( Date: 12-Nov-2009 02:50) Posted:

Looks like the fundamentalist got it right in Round One!

I got in at $1.83 , should I grab the cash and run now?

Calculation ( Date: 31-Oct-2009 22:05) Posted:

Lets observe for a couple of weeks and see whether the chartist or fundamentalist get it right this round.

Fundamentally, the stock seems to be sound - at least that is the impression I get. And I like it!

As far as the chart is concerned (which I am equally poor in this), the stock seems to be on a down-trend. If the 3 "caps" could be called a "head and shoulders" then it could mean big trouble as the price has broken the neck line (about 1.90).

I am thinking is it too much to hope for a rectangle to be formed along the band of $1.80 to $1.90 levels? Just hope. I know chartists do not like the word "hope".

Any comments?

if you dont come up :) we will send you down starting tomorrow :P

risktaker ( Date: 12-Nov-2009 09:37) Posted:

its ok let SA touch 2.12

Bintang ( Date: 12-Nov-2009 09:14) Posted:

After beating the strong resistance at $1.99 , SAR went all the way up . There would be another resistance at $2.07 . If it could not cross $2.15 with heavy volume in order to reverse the trend , the rebound may stop here , because there is a gap at $1.93 not filled yet .

its ok let SA touch 2.12

Bintang ( Date: 12-Nov-2009 09:14) Posted:

After beating the strong resistance at $1.99 , SAR went all the way up . There would be another resistance at $2.07 . If it could not cross $2.15 with heavy volume in order to reverse the trend , the rebound may stop here , because there is a gap at $1.93 not filled yet .

Looks like the fundamentalist got it right in Round One!

I got in at $1.83 , should I grab the cash and run now?

Calculation ( Date: 31-Oct-2009 22:05) Posted:

Lets observe for a couple of weeks and see whether the chartist or fundamentalist get it right this round.

Fundamentally, the stock seems to be sound - at least that is the impression I get. And I like it!

As far as the chart is concerned (which I am equally poor in this), the stock seems to be on a down-trend. If the 3 "caps" could be called a "head and shoulders" then it could mean big trouble as the price has broken the neck line (about 1.90).

I am thinking is it too much to hope for a rectangle to be formed along the band of $1.80 to $1.90 levels? Just hope. I know chartists do not like the word "hope".

Any comments?

DnApeh ( Date: 31-Oct-2009 20:38) Posted:

Yes, solely and just based on TA, which i believe have factored in everything, includung rumour,company profit or anything else

yah, tink if tonite DJ ok, then tml can increase a few more cents.

everyone pray hard.

maxcity good luck for the unloading of maid. Hee

now alot seller @ at 2.02....

risktaker is a good adviser for this baby...i always take his advice..

better sell since still earning...

my view only of cos~~~

monstar83 ( Date: 11-Nov-2009 16:51) Posted:

Thanks Risktaker for the advice,

Will cut loss if sense not right.

risktaker ( Date: 11-Nov-2009 16:46) Posted:

Trade with care..... Already warned

Thanks Risktaker for the advice,

Will cut loss if sense not right.

risktaker ( Date: 11-Nov-2009 16:46) Posted:

Trade with care..... Already warned

oic...I already unload mine @ 1.98..now concentrate to unload maid

monstar83 ( Date: 11-Nov-2009 16:45) Posted:

Nope,

i bought at $1.95.

thats y hope it can go up abit more lor.

maxcty ( Date: 11-Nov-2009 16:41) Posted:

u Q too?

Trade with care..... Already warned

Nope,

i bought at $1.95.

thats y hope it can go up abit more lor.

maxcty ( Date: 11-Nov-2009 16:41) Posted:

u Q too?

monstar83 ( Date: 11-Nov-2009 16:35) Posted:

maybe can move up afew cents more bah,

still got alot of q at $2.00

the feeling is still got alot of people who wan to buy.

the DJ futures also ok lei.

u Q too?

monstar83 ( Date: 11-Nov-2009 16:35) Posted:

maybe can move up afew cents more bah,

still got alot of q at $2.00

the feeling is still got alot of people who wan to buy.

the DJ futures also ok lei.

alot buyers at $2....

maybe can move up afew cents more bah,

still got alot of q at $2.00

the feeling is still got alot of people who wan to buy.

the DJ futures also ok lei.

breaks 2 now...sign of going up more???

OCBC & CL tied me down so hard. Cant even show my little love to fuxing

nickyng ( Date: 11-Nov-2009 15:37) Posted:

alamak! i am doing all i can to SHORT it at 1.99 liao hor? cant u see !! and the 1.99 buyQ keep coming back! :P hee.....

risktaker ( Date: 11-Nov-2009 14:45) Posted:

ohh SA is touching $2 :) lol i cant short atm omg ....... Who can short SA please do it .... fighting too much war at the moment.

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