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Straits Asia news
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FearValueGreed
Master |
21-Jan-2010 23:28
Yells: "Long Term Timing X Capital = Well Deserved Payout" |
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This one is a good stock but you see, its NAV is only 20% of its price, much like SGX. Think of it , everytime want to key in to buy, withdraw 3 steps If you think it as a dividend play then not so scary But if you had calculated its whole coal reserve based on current price, actually its present net value amounts to at least $5. Safe bet is when it hit back $1.50 then buy. But not likely near term. Next year maybe |
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stockseeker
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21-Jan-2010 21:59
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Typo on the broker calls, my bad. The following's correct: Some calls made by investment houses (21/01/10):
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stockseeker
Member |
21-Jan-2010 21:54
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My findings: Surging industrial production in China is sending prices up for iron ore and coal. The forecast for coal contract prices are up to 30% increase this year. Have a read at this recent article: http://www.smh.com.au/business/china-looks-to-measures-to-ease-off-the-blistering-pace-20100121-mo8v.html And according to DBS Vickers (reported by BT 20/01/10) , SAR has 50% of its reserves of coal awaiting its new spot prices, for Q1 of 2010. And although the sell-off for the past couple of days, it's been exceptionally high on buy volume - today's no exception. Ppl are accumulating on contras' and shortists' dumps. So, my take is buy for keeps if you don't want to get burnt in this investment. Some calls made by investment houses (21/01/10): Straits Asia Resources - $2.8, Buy (BOA-Merrill Lynch) Straits Asia Resources - $3.37, Trading Buy (CIMB) Straits Asia Resources - $3.35, Buy (DBS Vickers) Straits Asia Resources - $3.5, Outperform (Macquarie) Straits Asia Resources - $2.49, Hold (OCBC Securities) Straits Asia Resources - $2.8, Buy (BOA-Merrill Lynch) Straits Asia Resources - $2.8, Buy (UBS) Long-term or short-term, it's your call. |
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steven080967
Member |
20-Jan-2010 13:58
Yells: "bullish trader/investor" |
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This from a BHP Billiton news release today, lower coal production from Oz but demand still hot, so other coal producers should get more business or at least coal prices should go up. "Coal production slipped, with metallurgical coal falling five per cent to 18.3 million tonnes half on half because of planned maintenance at Queensland Coal and longwall moves at Illawarra Coal. Despite the lower production, the company shipped record quantities of the fuel, which is used to make steel, in response to stronger demand. Energy coal production slipped one per cent to 35.5 million tonnes half on half as its Cerrejon project in Columbia faced lower demand, New Mexico had planned outages and BHP's South African mines had unplanned maintenance and weather interruptions." |
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steven080967
Member |
20-Jan-2010 12:55
Yells: "bullish trader/investor" |
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noticed it went down a little today, bought some for keepers. been reading in the papers that this year is the year for commodities and china is sucking up the world's supply for coal. straits asia profess to have access to indonesian good grade coal. being the only coal play in SGX, it doesnt get a lot of attention, no peers. |
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AllenMass
Member |
20-Jan-2010 12:48
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Thats really good news.Thanks for posting. | ||
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steven080967
Member |
20-Jan-2010 12:36
Yells: "bullish trader/investor" |
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Hey anyone has an opinion on this one? Mid to long term play is good, demand for coal in China and India will keep this baby going. What about short term, any news? |
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