Latest Forum Topics / Golden Agri-Res Last:0.275 -- | Post Reply |
What's happening?
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Eddyson
Senior |
07-Dec-2008 23:54
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Palm oil price follows crude oil price, infact only when crude oil prices cheong up to a limit that biofuel is needed to produce cheaper fuel, than palm oil is needed.Now Crude oil price is so low that it cause alot of palm trees to becomes zero value & not economical to produce biofuel.Many investors buying for long term in the hope of crude oil price will one day sky rocket again.For now, palm oil is only good for making cooking oil, magarine & etc....Many plantation are now left to rot as there are too many to harvest & no buyers.the last profit announcement was base on last quater inwhich crude oil price was above $100USD.Now crude oil price is at $42 USD, next quater Golden Agri will become Golden Ugly. |
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darkweaver93
Member |
05-Dec-2008 18:22
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Does anyone know why GoldenAgri has such a large volume? Just take a look at the top volume. It's so much more than the second one. Furthermore, if I'm not wrong, the company seems financially healthy with good cash flow and it earns money. As the world's second largest oil palm, how come the price of its stock is so low? Is there something wrong with the company or is it going to be taken over by any company? Does anyone has answers to this? Please enlighten me. Thanks! |
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