Latest Forum Topics / Golden Agri-Res Last:0.275 -- | Post Reply |
Golden Agri Future?
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amitnx
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14-Nov-2008 14:36
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Any more views to help a noob like me :( ??? | ||
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larrylee
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14-Nov-2008 08:42
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Sharing.... Golden Agri-Resources Ltd: Prudent strategy for 2009 Summary: Golden Agri-Resources (GAR) posted a 55.7% YoY rise in 3Q08 revenue to US$830.8m, aided by higher production of CPO (crude palm oil) by 6% due to higher FFB (fresh fruit bunch) production and extraction rate. Net profit was up 56.1% YoY at US$224.3m, but underlying net profit (excluding bio-asset revaluation gains) fell 16.1% to US$70.1m, reflecting pricier fertiliser costs and also higher export taxes. For 9M08, revenue was up 97.0% at US$2394.9m, already exceeding our FY08 estimate, while underlying net profit rose 80.0% to US$344.5m, or around 87.5% of our full-year forecast. Outlook for the near to medium term remains muted, crimped by the deteriorating economic conditions around the globe. As such, management is adopting a more prudent stance – it plans to pare back its planting program for 2009, focus on lowering costs through efficiency exercises, and also preserve cash to support its operations and complete existing projects. In view of the catatonic state of the market, we further ease our valuation from 8x FY08 PER to 6x FY09 PER, resulting in a revised fair value S$0.30 (prev: S$0.48). Maintain BUY. (Carey Wong) For more information on the above, visit www.ocbcresearch.com for detailed report. |
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amitnx
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13-Nov-2008 17:38
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Thanks for ur view bro !!!! More views will be much appreciated
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AK_Francis
Supreme |
13-Nov-2008 17:05
Yells: "Happy go lucky, cheers." |
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Not much diff of 2.5 cts to avg. Hold your cash, and observe. As some sifus said, current STI is not bottom yet, AK also supports the perception, unless, there is great surprice in the global market. Dun bet. AK view only, no call for anything. |
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amitnx
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13-Nov-2008 16:52
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Hey guys i need ur opinion. I have 10lots of GOLDENAGR @ 0.205cts Should i load up 10 more lots at 0.18cts to average out my buyin price. Whats the future of this stock ? Seems if OPEC cut down Crude oil productions on 14th dec 2008 after its EGM the this one can choing up. Please give me ur views |
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