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GMG-can anyone share latest news?
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niuyear
Supreme |
28-Oct-2010 12:35
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how is SGX = salted fish.
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iApple
Member |
28-Oct-2010 07:36
Yells: "trade to learn,learn to trade? " |
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1) you want a share to fly high...you need BB (big buyer)... 2) Yesterday...all stocks were sold down...except SGX (salted fish making a come back) and Biosensor (real star)... 3) US market is down...commodities are down by strong Dollar |
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catalyst
Senior |
28-Oct-2010 02:04
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Can anyone provide info on latest target price? I'm clueless why its dropping!! | ||
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teapoichun
Member |
27-Oct-2010 21:14
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so does that mean that it shows a sign of downtrend to this counter now? | ||
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zhixuen
Veteran |
27-Oct-2010 17:35
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Fund Manager knows faster than us. Then share price already pushed up a lot since last few month. The rubber price surged a lot which is benefited to GMG. Hope the commodities price will not repeat the same as 2008 Big Bubbles killing a lot of peoples. |
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yummygd
Supreme |
27-Oct-2010 15:58
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people sell load up more den. good stock. next wilmar
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teapoichun
Member |
27-Oct-2010 15:12
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funny stock. good profit. how come the stock doesnt climb??? | ||
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jchong71
Member |
26-Oct-2010 08:37
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Huat ah!!! GMG turns around with $16.4m Q3 profit! 9 months YTD net profit $32.16m as turnover up 130% to $273.8m from $119.07m. NAV $0.1046 Cash $139.9m |
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siowpc
Member |
13-Oct-2010 13:14
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GMG: On Track To Scale Record Highs As Successful Tests Of 25-28c Support Led To Test Our First Target Of 31c And Likely To Reach Next 34-35c TP. Although our 27.5-28c support was violated after the Sep 22 trading idea at 28.5c, GMG finally managed to reach our first TP of 31c yesterday. It was quite a scary correction from 30c that day to the previous April high of 25c at end-Sep and Oct 1 but another lift-off to close at that day’s 27.5c high and to 29-30c for much of last week brightened the bullish picture again. Even though the 31c target was only met yesterday, more than 2 weeks later against our forecast of a few days, no major profit taking has taken place today. This is contrary to our Sep 22 forecast that this would happen once 31c is reached. The reason could be that the bulk of profit taking had taken place during the 16.7% correction from 30c to 25c. What is more important is that GMG maintains its active volumes and numerous minor breakouts following the major uplift on Sep 22 from 25c to 30c. This pattern has proven to be reliable and likely to continue to do so as the stock does not move into record territory in a straight line, making healthy pullbacks and testing of old highs, specifically 25c. Will there be another major correction after the latest 31c high? 31c should not be a major peak, being a cent higher than 30c. It is also unlikely that there will be a repeat of the near 6-month gap between April 15 peak of 25c and latest 31c high as the behavioural pattern is different. Then the counter immediately fell from 25c without testing it again until the Sep 22 breakout. This time it has overcome 30c in much shorter time, establishing higher weekly lows from 25c to 27c and 29c this week. It has chalked up quarterly trading bands of 9.5c and 10c in the last 2 quarters and so far this quarter it has matched the first quarter 6-cent range from 25c to 31c. A repeat of these quarterly movements would take GMG to 34-35c. Interestingly 25c is the 2q high as well as 3q close and this quarter’s low. Thus there seems to be a set pattern that should continue. Good support at 29c – the weekly high/close of last 2 weeks as well as this week’s low so far with stronger support at 28c – the close during the week when it surged from 22.5c to 30c. Technical indicators such as MACD and Bollinger bands remain bullish and RSI is not into overbought territory This report is prepared by AmFraser Securities Pte Ltd (“AmFraser”), which is a holder of a capital markets services licence and an exempt financial adviser in Singapore 
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susan66
Master |
11-Oct-2010 23:59
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Stable since last week with strong support at 0.275, entered 0.285 last week. Finally break strong resistance of 0.30 today with more volume. More upside expected, cheers! | ||
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august
Senior |
11-Oct-2010 11:28
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successfully broken out of the strong resistance of 30cents. KIV | ||
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siowpc
Member |
09-Oct-2010 16:33
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Any new development for this counter? |
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louis_leecs
Elite |
05-Oct-2010 08:58
Yells: "half cash" |
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tis one also undermy buying radar but not now,trader carry on short position,,,,,,,,,,,,,,,,,,,,so im prefer at bukit timah hill,,,,,,,,,,,,,,,,,,,,,wait for 24cts |
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teapoichun
Member |
05-Oct-2010 01:18
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thanks for the advice. not a speculator. just bought 10 lots as investment at 285cents. | ||
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jchong71
Member |
04-Oct-2010 09:08
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Teapoichun - if you intend to invest in GMG, suggest that you read through their annual report etc to better equip yourself to make a decision. Vested players may be inclined to be bias on such evaluations. I am vested in GMG for the longer term for a no. of reasons: 1. Strong balance sheet, nett cash position and finally beginning to go on acquisitions to grow organically. 2. As oil prices climb steadily, synthetic tyres will become expensive and therefore the market will have to rely back on good ol' rubber. 3. With Sinochem's 51% holdings, it means entry into the China automobile market, which we all know will grow exponentially to like 200m vehicles by 2020. 4. Decent management, corporate governance, better margins as rubber prices grow. Hope this helps.
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gregorsamsa
Member |
03-Oct-2010 20:46
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think long term... 2-3 years... it is still in the midst of transforming into a bigger company than it was before Sinochem came in.. LT TP is about 50 cents... with low dividends | ||
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teapoichun
Member |
01-Oct-2010 23:38
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can anyone share the latest news or opinion about GMG? This is also agri sector, does it have any potential like golden agri or wilma? | ||
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