Credit Suisse tips Wilmar (F34.SG) 3Q net profit of US$400 million-US$450 million ($515 million-$579 million) vs 3Q09’s USS$653 million; however, notes 3Q09 net profit included exceptional gain of US$233 million; expects 3Q core net profit in line with previous year.
Credit Suisse tips palm oil refining, plantation divisions should show sequential improvement in 3Q.
“The profit drag in 3Q FY10 could come from the oil seed division,” says research house which is keeping its Outperform, as Wilmar “a proxy to China's strong domestic consumption, as half of its profit is derived from China,”
Credit Suisse also notes RMB’s rise positive for Wilmar, 2H profitability should be better than 1H, stock has been laggard year to date. Says $7.42 target suggests potential upside of 11% or P/E of 20x, in line with 2011 P/E average for upstream players of 20.5x, based on CS earnings forecasts.
Results due pre-market Wednesday; shares +0.4% at $6.72.
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BullishTempo
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08-Nov-2010 17:58
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Call MF, and tell them how much you are willing to fund your account first. You get lower commission if you exceed a certain amount in your account. Actually I might be switching to Saxo soon... Lower financing cost... Still negotiating with them
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Gaecia
Elite |
08-Nov-2010 17:57
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usually
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iOCBCjun
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08-Nov-2010 17:56
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BT wan to sign up your MFGlobal, can get lower commsion from your side?
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cannotfind
Elite |
08-Nov-2010 17:54
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what is usu? sounds like Old Man
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BullishTempo
Supreme |
08-Nov-2010 17:53
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Thank you and welcome
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BullishTempo
Supreme |
08-Nov-2010 17:50
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Tags: Wilmar International
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BullishTempo
Supreme |
08-Nov-2010 17:49
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Tags: SIA Engineering Co | SIA | SIA Engineering | Singapore Airlines
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BullishTempo
Supreme |
08-Nov-2010 17:48
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Tags: Venture Corp | Venture Corporation
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ethereal
Member |
08-Nov-2010 17:47
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Unfortunately my trading platform doesn't have stop-loss function & still dunno how to read charts (yup trading newbie here) Very tempting to enter for GAR, Kepland & OCBC, but don't have the guts to enter at such a high price... Really have to hand to cannotfind & firewood, dare to enter 100 lots @ .775 well congrats to all who are still vested (including our sifu BT... biggest winner of all )
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BullishTempo
Supreme |
08-Nov-2010 17:42
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BEST LOCAL BANK
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Noob79
Master |
08-Nov-2010 17:40
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O.Olll but at least still got a 5++ % increase today rite!!! Dun care about it as long as they are in the same boat... GAR was in top volume but look how abt IndoArgi and First Resource, not in top volume but it did increase too...all related to palm oil (same Agri)... u need to learn that....
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icetomato
Elite |
08-Nov-2010 17:39
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Your OCBC...... OMG
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BullishTempo
Supreme |
08-Nov-2010 17:39
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Read all the previous posts. Already there.
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BullishTempo
Supreme |
08-Nov-2010 17:36
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If you enter now, you are chasing the high. You have to enter fast and exit fast. You have to be extra cautious and exit immediately on doji candle or black candle. I will just be putting my stop-loss order and let the market run. You already know my diversified portfolio according to sectors :
Gaming, Commodities/Agriculture, Property, Shipping, Banking
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bladez87
Master |
08-Nov-2010 17:35
Yells: "I AM PAPER TRADING AFTER LOSING 5k!" |
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that 1 not high volume, so want to watch it soar quite hard
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Gaecia
Elite |
08-Nov-2010 17:34
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I've no trouble keeping up with things orrh. Okay its ur typo, shld be $0.15 not in cents. Nvmd you're trailing BT, i find you're usu, very impulsively lucky!
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leolim818
Member |
08-Nov-2010 17:33
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Hi All, Can advice the exact the date and time of result announcement for below? Genting SP Nobel Golden Agri Thanks & Regards. |
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ethereal
Member |
08-Nov-2010 17:32
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BT, if haven't entered the market yet, what can we buy now? All the prices already seem too high... stay out than risk entering and encounter correction? Appreciate your advice. |
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BullishTempo
Supreme |
08-Nov-2010 17:32
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LOL OK AFTER CHRISTMAS OK???
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watermelon
Veteran |
08-Nov-2010 17:30
Yells: "A bird in the hand is worth two in the bush." |
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B.T. though I'm still recouping my losses, but i still feel that I owe you a well deserved meal , cos without your advises and all those posting , I won't be able to recoup any at all . Thank you,I'm really grateful & thankful !! P.S: Pls hold the course earlier so that all of us can laugh all the way to the bank earlier , lol !!
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