Latest Forum Topics / Golden Agri-Res Last:0.275 -0.005 | Post Reply |
GoldenAgr
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rotijai
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10-Feb-2011 10:39
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reported this morning 0213 GMT [Dow Jones] BMD Crude Palm Oil (CPO) Futures are tipped to open 20-30 points higher due to a bullish outlook for corn and soyoil in the USDA& apos s WASDE report released yesterday, with Dalian and CBOT counterparts as well as crude oil positive, says an executive at Kuala Lumpur-based brokerage he adds " exports look quite good, too, and demand-supply fundamentals are supportive |
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bullsfight
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10-Feb-2011 10:33
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The report in The Straits Times this morning, " Golden Agri turns over a green leaf" ... must have contributed in the healthy increase in the price-trend. Must load now before it is too late for touching 0.78 again...
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bishan22
Elite |
10-Feb-2011 10:22
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Yes sir, the best has yet to come. Good luck.  | ||||
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Sept11
Veteran |
10-Feb-2011 10:14
Yells: "Buy high sell higher! " |
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Buy now before too late. Buy high sell higher...Bullish sign spotted. |
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Sept11
Veteran |
10-Feb-2011 00:47
Yells: "Buy high sell higher! " |
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Crude palm oil futures on Malaysia’s derivatives exchange Wednesday rose to their highest levels in almost three years with support from supply-demand fundamentals and gains on external exchanges, market participants said. The gains came despite an expected tightening of Chinese monetary policy. The People’s Bank of China said Tuesday it was raising benchmark lending and deposit rates by 25 basis points each, effective Wednesday, the first working day after the week-long Lunar New Year holiday. “Looks like the rate hike in China has had little impact,” said an executive at a Kuala Lumpur-based brokerage. The market will continue to set fresh record highs and could test MYR4,000 a metric ton again as soon as Thursday, said another trading executive in Kuala Lumpur. “The spot-month contract hit MYR4,000/ton (Wednesday),” she said. “This is a good sign.” Market participants said they are now expecting a 16.9% drop in Malaysia’s January palm oil output from the previous month, a tad larger than previously thought. The benchmark April contract on the Bursa Malaysia Derivatives exchange ended 1.1% higher at MYR3,931 a metric ton, after rising as high as MYR3,948/ton, a level not seen since March 2008. Sentiment was supported by gains in palm oil and the soy complex on the Dalian Commodity Exchange as it reopened Wednesday after the week-long Lunar New Year break. Chicago Board of Trade March soyoil also ended 0.6% higher overnight at 58.77 cents a pound overnight, and was up 39 points in screen trade around 1015 GMT. “We maintain a bullish view of the soybean market over 2011,” Macquarie Commodities Research said in a report released late Tuesday. The U.S. Department of Agriculture February report due later Wednesday will provide estimates of stocks and output. “We expect the USDA will also trim the U.S. soybean ending stocks estimate with a further increase to export demand,” Macquarie said. “Due to an extremely tight U.S. balance sheet, U.S. soybean acreage would need to expand roughly 2 million acres with unchanged demand year-on-year to provide a comfortable ending stocks level for the 2011-12 season,” it said. On Thursday, the Malaysian Palm Oil Board is due to issue January output and stocks data, while cargo surveyors Intertek Agri Services and SGS (Malaysia) Bhd. will provide Feb. 1-10 export estimates. Soy demand from China is likely to remain firm, aiding palm oil prices further, said a Singapore-based trader. Traders estimate that Malaysia’s palm oil exports for Feb. 1-10 will be around 430,000 million metric tons. That’s up almost 30% from SGS’s estimate of Jan. 1-10 exports at 331,655 million tons, and up about 43% from Intertek’s estimate of 300,250 million tons for the same period. Volumes were strong in the cash market, with palm olein for April, May and June delivery changing hands at $1,290-$1292.50/ton, free-on-board Malaysian ports, a Singapore-based trading executive said. Cash CPO for prompt shipment was offered MYR45 higher at MYR3,960/ton. Indonesia Commodities & Derivative Exchange rupiah-denominated April palm oil was last at IDR11,510/ton, up about 1.1% from yesterday’s settlement price. Open interest on the BMD decreased to 88,849 lots compared to 91,045 lots Tuesday. Volumes were good, with a total of 27,929 lots traded versus 22,138 lots. One lot is equivalent to 25 tons. |
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Sept11
Veteran |
09-Feb-2011 22:02
Yells: "Buy high sell higher! " |
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Don't worry, the best is yet to come.....
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bishan22
Elite |
09-Feb-2011 19:49
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Enter again at 0.715. Hope for the best to come.  | ||||
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krisluke
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09-Feb-2011 19:31
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Golden Agri agrees to " forest-friendly" charterJAKARTA | Feb 9 (Reuters) - Giant palm oil producer Golden Agri Resources said on Wednesday it would work with Indonesian government and green groups to set new environmental standards after coming under pressure from eco groups orchestrating a boycott of the firm's products. Golden Agri and its subsidiary PT SMART Tbk were given a mixed score card last year in an independent environmental audit and Greenpeace accused the firm of clearing peatland and forests that sheltered endangered species. The forest clearing accusations led buyers such as Burger King , Nestle and Unilever to stop buying palm oil from firms like SMART. The Forest Trust, a non-profit organisation that seeks to promote green business methods, said the total area of land allocated for oil palm production has more than tripled globally since the early 1980s, reaching nearly 14 million hectares in 2007, and that most of the expansion took place in Indonesia. " Golden Agri has developed a Forest Conservation Policy (FCP) in collaboration with The Forest Trust and is aimed at creating long-term sustainable growth for Golden Agri and the palm oil industry," the company said in an emailed statement. " The FCP also aims to ensure that GAR has no deforestation footprint," the statement added. Greenpeace said it would closely monitor the firm to make sure it stuck by the agreement. " On the paper, the latest commitment by Golden Agri is a big step towards ending their involvement in deforestation," said Bustar Maitar, its forest campaigner. The World Bank named Indonesia the world's third largest emitter in 2005 and the southeast Asian country is now under intense international pressure to halt the destruction of peat swamps in the fight against climate change. (Reporting by Michael Taylor Writing by Olivia Rondonuwu) |
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krisluke
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09-Feb-2011 19:29
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Brokers' Take
  Golden Agri-Resources Feb 8 close: S$0.715 OCBC Investment Research, Feb 8GOLDEN Agri-Resources should continue to get a good lift from the sustained run-up in crude palm oil (CPO) prices over the next few months, underpinned by supply-side issues brought on by bad weather conditions in both Malaysia and Indonesia - two of the largest CPO producers in the world.   Also likely to keep prices buoyed is the persistent rise in the price of edible oil substitutes like soy and corn, where the supply is also blighted by errant weather conditions the sharp rise in crude oil prices back to around US$100 per barrel on the back of worries of widespread unrest in the Middle East may also re-ignite the bio-diesel link.   On the demand side, we believe that consumption of palm oil will continue to be fuelled by the growing affluence of India and China, the world's top two importing nations. According to a report last September by the United States Department of Agriculture (USDA), China is expected to import around 7.2 million metric tonnes (MT) of palm oil in 2010, an increase of 13 per cent over the 6.4 million MT imported in 2009. As for India, the USDA predicts that the sub-continent will import some 7.0 million MT in 2010, which is an increase of 9 per cent versus the 6.4 million MT imported in 2009.   We last raised our base CPO price assumption in December last year from US$900 a tonne to US$950 a tonne, and we expect to see prices edging up even more in early 2011 before dropping off after mid-June 2011. However, given the confluence of negative factors driving up food prices in general, which could keep food prices elevated for an extended period, we may again see the need to raise our base assumption in the near future. Currently, CPO futures are hovering around US$1,280 a tonne, up from an average of US$1,071 a tonne in Q4 2010.   On the other hand, the supply issues would also mean a lower production volume for Golden Agri, though management expects higher CPO prices to offset the dip. However, higher CPO prices also attract progressively higher export taxes, acting as a slight drag on profitability. In any case, with Q4 2010 results due soon, we hold off adjusting our estimates. Maintain 'buy' and S$0.91 fair value for now. BUY |
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iPunter
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09-Feb-2011 18:20
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As long as Europe and the Dow are still " guai-guai" (good boy) like now,       there's no need to worry too much. In fact the Dow chart is beautifully strong...             Thus, the world is not coming to an end... at least not yet...
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Sept11
Veteran |
09-Feb-2011 17:47
Yells: "Buy high sell higher! " |
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Good defence today. Price stay firm. The only way is go up in a due course.....Stay tune! | ||||
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cathylmg
Elite |
09-Feb-2011 12:13
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It is....afterall....a....component stock!
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iPunter
Supreme |
09-Feb-2011 10:52
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It will 'chiong' when those who are 'gian-gian' will not want to buy...    |
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stocksburntme
Veteran |
09-Feb-2011 10:48
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this bugger along with STI is a joke | ||||
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rutheone1905
Veteran |
09-Feb-2011 08:34
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i notice a general up for other palm related stk while Gar head south.....hmm making ways for chiong? maybe. | ||||
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iPunter
Supreme |
09-Feb-2011 08:26
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Hahaha... It should be be " kor pio moh sng-sng" (hokien)    
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GuavaXF30
Master |
09-Feb-2011 08:12
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You said it, bro.
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citigem
Member |
08-Feb-2011 22:38
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LONDON, Feb 8 (Reuters) - Oil, industrial metals and grain
stumbled on Tuesday after China raised interest rates, but the
reaction may be short-lived since hefty underlying demand from
the top global consumer of commodities is expected to persist. |
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iPunter
Supreme |
08-Feb-2011 21:16
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" kor pio moh sai sng-sng" .     " Jangan main2 dengan saham"             (" Don't play with shares" )... |
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GuavaXF30
Master |
08-Feb-2011 20:59
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Good luck. Remember, timing is the key. No play play.
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