Latest Forum Topics / Golden Agri-Res Last:0.27 -0.005 | Post Reply |
GoldenAgr
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alantheox
Member |
23-Sep-2010 17:51
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http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201009230503dowjonesdjonline000228&title=palm-oil-body-rspo-rebukes-indonesias-smart-on-sustainability-claimsPalm Oil Body RSPO Rebukes Indonesia's Smart On Sustainability
ClaimsKUALA LUMPUR -(Dow Jones)- The Roundtable On Sustainable
Palm Oil, an industry organization that groups palm producers, environmental
groups and food companies, said Thursday that Indonesia-based Sinar Mas Agro
Resources & Technology (SMAR.JK) has breached its policies and that the
firm's membership in the group is at risk."Members who have been found to not be in compliance and who continue to be in noncompliance with the RSPO regulations could ultimately face sanctions, including the suspension and, eventually, the termination of their membership of the RSPO," it said. The comments by RSPO could diminish Smart's hopes that global conglomerates could resume purchases of palm oil products from the company. Global food giants Nestle SA (NESN.VX) and Unilever NV ( UN), as well as U.S.-based fast food chain Burger King Holdings Inc. (BKC), are on the long list of food companies that has suspended sourcing of palm oil from Smart in response to claims by Greenpeace that the producer is involved in deforestation. In August, Smart issued results from an independent audit--carried out by the Control Union Certification and the British Standard Institute--refuting charges by environmental group Greenpeace that it had cleared large swathes of land with high conservation value and drained peat lands to cultivate palm crop. Smart said the audit provided evidence that "the firm had operated responsibly and within the laws and regulations set out by the Indonesian government," but BSI said subsequently that some aspects of its report were misreported, and that Smart had set up plantations on deep peat in two estates. RSPO said on its website that its grievance panel had written to Smart and its parent firm, the Singapore-listed Golden Agri Resources Ltd (E5H.SG), about the breaches revealed by the auditors. Golden Agri is not a member of the RSPO. The industry body has urged Golden Agri to stop announcing publicly it was in the process of obtaining RSPO certification for its estates or that it planned to become a RSPO member. "Golden Agri is not a member of the RSPO, nor has the RSPO yet received a membership application from the company. The panel encourages Golden Agri to submit a full and complete application for membership (and) documentation RSPO would need in order to review the application," the agency said. |
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epliew
Supreme |
23-Sep-2010 16:57
Yells: "no worries be happy !" |
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0.57 now.
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Isolator
Supreme |
23-Sep-2010 15:30
Yells: "STI is hard landing to below 2000..." |
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Sell or short.... | ||
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epliew
Supreme |
23-Sep-2010 13:36
Yells: "no worries be happy !" |
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crude oil on the downward trend.
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epliew
Supreme |
23-Sep-2010 13:33
Yells: "no worries be happy !" |
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ha ha......
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Isolator
Supreme |
23-Sep-2010 10:24
Yells: "STI is hard landing to below 2000..." |
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Short.... | ||
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Isolator
Supreme |
22-Sep-2010 11:56
Yells: "STI is hard landing to below 2000..." |
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When almost everyone think you are crazy, then you are in right track... Be the minority, then the majority... lol... Short... | ||
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pharoah88
Supreme |
22-Sep-2010 11:51
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Isolator
Supreme |
22-Sep-2010 11:33
Yells: "STI is hard landing to below 2000..." |
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Still so stubborn not to go down further... Short more... lol... | ||
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epliew
Supreme |
21-Sep-2010 14:34
Yells: "no worries be happy !" |
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yes short seems good !
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Isolator
Supreme |
21-Sep-2010 14:18
Yells: "STI is hard landing to below 2000..." |
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When my feeling ask me to short just short... lol... | ||
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zhixuen
Veteran |
21-Sep-2010 11:39
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Crude palm oil price surged again. Remain buy call. LoL |
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awesome
Member |
21-Sep-2010 10:19
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Can share why short for this counter? Thanks. Jeremy |
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Isolator
Supreme |
21-Sep-2010 10:01
Yells: "STI is hard landing to below 2000..." |
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Just short it | ||
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epliew
Supreme |
20-Sep-2010 19:24
Yells: "no worries be happy !" |
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it went up today leh......
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epliew
Supreme |
20-Sep-2010 19:16
Yells: "no worries be happy !" |
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how many of golden agri's shares are you holding ?
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Isolator
Supreme |
20-Sep-2010 15:36
Yells: "STI is hard landing to below 2000..." |
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Now short.... | ||
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Isolator
Supreme |
20-Sep-2010 11:46
Yells: "STI is hard landing to below 2000..." |
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Still sell... | ||
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zhixuen
Veteran |
20-Sep-2010 11:45
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Crude Palm oil price went up due to Malaysia Crude Palm export surged 5%++. |
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lowchia
Veteran |
17-Sep-2010 21:53
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On Friday, Golden Agri re-tests its major support at $0.58 and closed at $0.58 with LOW volume of 29.69 million shares traded. A candle sticks with long upper/lower shadow similar to “Doji” indicates hesitation of investors in determining the direction ahead. RSI & MACD are turning bearish as MACD about to converge together. Important Resistance of Golden Agri: $0.61 Immediate Support of Golden Agri: $0.58 Currently prices are well above the 20/50/100/200 days MA. As of now, Golden Agri still trends on the rising line as shown on the chart. SEE ANALYSIS FOR SWIBER We would not suggest buying this counter now (Ideal entry price = $0.55) but recommend investors who are vested to watch the support at $0.58 for any heavy selling down. |
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