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Indofood Agri
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Indofoods ipo $1.25c (FYI)
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teeth53
Supreme |
19-Feb-2007 11:38
Yells: "don't learn through life, learn to grow with life " |
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Indofood closed at $1.48c, down 0.003c on vol of 24mil share done, maybe can tikam below $1.45c, still it is ur $$$, ur decision. Got profit, take some profit. | ||||
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AhBear
Member |
18-Feb-2007 21:53
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Any reasonable good entry price for this? It continues to dip from IPO leh. |
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zhuge_liang
Supreme |
18-Feb-2007 11:26
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Hi huatchai. Hold. I believe it'll rise above $1.63. | ||||
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teeth53
Supreme |
16-Feb-2007 14:54
Yells: "don't learn through life, learn to grow with life " |
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This counter is now trading at a more settle px og $1.47c after it fall to a low of $1.41c, there has some married deal done at $1.47 and at $1.50c for today, oso some at $1.57c and even at $1.85c-13m shares done on 1st trading day), at px of $1.25c, i tink STI must go down a few hundred pt. possible px will reverse to $1.85c, but will have to wait, can't tell U d exact day, week or mth. So U tink it over, is ur $$$, ur decision. Just my tot. | ||||
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huatchai
Member |
16-Feb-2007 14:09
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Hi zhuge liang. if it go down to 1.25 then i am in trouble. do u have a tgt price for this share? i got in at 1.63 think it will be ok to hold or jus cut loss? thnks | ||||
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zhuge_liang
Supreme |
16-Feb-2007 13:04
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Hi bunbun, Don't worry. After a few days of falls, it should go up again. $1.25 would be a support. Those institutional investors don't want it to fall below this level, right? Anyway, this stock is good for medium and long term. Just look at Wilmar. |
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bunbun
Senior |
16-Feb-2007 09:41
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what's wrong with this counter man???? it's been tua lao sia since after hitting 1.91. dear lucky168 (hope indeed your luck will rub off on this counter!), i am more concern when it will spin past 1.60. argh!!!! |
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bulbideal
Member |
16-Feb-2007 01:12
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Is there any news the Big boys doing shorting on this counter? This counter should be good leh... |
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lucky168
Veteran |
15-Feb-2007 23:32
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bunbun, no need to see chart as there is nothing to see now... but today Wilmar just reported profit up 80% & this good news could spill over to Indofood :) personally quite optimistic about indofood going >$2, so keep my fingers crossed! By the way, vested! |
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bunbun
Senior |
15-Feb-2007 18:44
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dear zhuge_liang, am vested in this. been watching it spiral downwards ever since it hit a high 1.91. any chance of it spinning upwards, preferably past 1.64, after CNY? worse thing, cannot see chart coz new. argh!! |
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zhuge_liang
Supreme |
15-Feb-2007 18:29
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The lower valuation accorded to Indofood could be due to its smaller land bank and also a smaller percentage is planted. The group, which has a 42% share of Indonesia's branded cooking oil market, owns a land bank of more than 224,000 hectares, around 66,000 ha of which are planted with oil palm. For a comparison, pls refer to the Wilmar thread. Indofood Agri had fiscal 2005 revenue of around $613.5 million and net profit after tax and minority interests of $92.7 million. For the 10 months to end-October 2006, revenue was $537.6 million and net profit after tax and minority interests about $84.7 million. |
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huatchai
Member |
15-Feb-2007 10:23
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wonder why the share price is dwindling down since it has lower PE than the rest. | ||||
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zhuge_liang
Supreme |
15-Feb-2007 00:25
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The shares are trading below its peers like palm oil plantation giant Wilmar International and Indonesia's Sinar Mas Agri Resources Technology (SMART), dealers said. Based on the group's stated profit of $84.7 million for the first 10 months of 2006, Indofood Agri shares are trading at about 20x earnings. This compares with Wilmar, which also has palm oil plantations in Indonesia and Malaysia, trading at 41x and PT SMART at 25x. |
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lucky168
Veteran |
14-Feb-2007 21:43
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hopefully can perform like Wilmar vested at $1.59... |
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zhuge_liang
Supreme |
14-Feb-2007 13:30
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It jumped by more than half on its trading debut. It rose to as high as $1.91, valuing the plantation group at more than $2.6 billion, before settling to $1.56 at lunchtime. "Because it has a large market cap, there is also belief it would be listed on the index ultimately, which adds fuel to the fire," said one dealer from a regional brokerage. He said Indofood Agri had a similar growth story to palm oil plantation group Wilmar International An early DBS report on the stock said Indofood Agri should be trading at $1.90-$1.97 based on peer group valuations, said a bank trader. |
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teeth53
Supreme |
14-Feb-2007 09:21
Yells: "don't learn through life, learn to grow with life " |
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Noted: Married done at $1.85c with a huge volume 12.7m shares, indicating BBs is trading into positive result for Indofood to pass well beyond $1.85c | ||||
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teeth53
Supreme |
14-Feb-2007 09:14
Yells: "don't learn through life, learn to grow with life " |
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A flying start to Indo food , opening at $1.85c, been short at.. now trading at $1.65c on average on a heavy volume of 70m shares. It share should will be soon to testing more then $1.85c. SOON......over next several day, Vested here on it placement shares. Just sharing my tot. | ||||
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knightrider
Elite |
14-Feb-2007 09:08
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Anyone short this new IPO ? | ||||
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zhuge_liang
Supreme |
14-Feb-2007 01:07
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Four institutional investors took up an aggregate of 68.2m Placement Shares representing approximately 20.2% of the 338m Placement Shares. They include Legg Mason International Equities (S) Ltd and JF Asset Management Limited.
The CEO said: "The overwhelming response from the international financial community. This is a testimony and endorsement of the strong corporate brand and established track record that we enjoy as a well managed vertically integrated plantation company with significant market share and leading brands in cooking oils, margarine and shortening in Indonesia."
"The success of our share placement reflects the strong investor confidence in both IndoAgri and the oil palm sector." "The success of our share placement reflects the strong investor confidence in both IndoAgri and the oil palm sector." |
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teeth53
Supreme |
13-Feb-2007 01:21
Yells: "don't learn through life, learn to grow with life " |
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Another day B4 it start trading on 14-02-07 (Wed) Placements shares, ask remisers and or dealers, "Yoo Kang Tow Bo" "Lobang"
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