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Golden Agri-Res
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GoldenAgr
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cathylmg
Elite |
23-Aug-2010 11:13
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The chart looks like a head and shoulder to me. Don't play play... | ||||
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Sept11
Veteran |
23-Aug-2010 10:02
Yells: "Buy high sell higher! " |
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Golden Agri is facing fresh allegations of illegal forest clearing after foreign auditors suggested misrepresentation in the findings of an independent investigation. This could potentially cause a near-term overhang on its share price. However, we do not see impact on its near-term earnings in view of existing tight global palm oil supply. Maintain Trading Buy with target price of S$0.62. | ||||
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alantheox
Member |
20-Aug-2010 21:20
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From Bangkok Post... Indonesia's biggest palm oil producer Friday rejected fresh allegations of illegal forest clearing after foreign auditors suggested it had misrepresented the findings of an independent investigation.  SMART president Daud Dharsono (right), is pictured with Peter Heng, managing director of communications and sustainability Golden Agri-Resources (SMART's parent company), at a press conference in Jakarta on August 10. The palm oil producer has rejected fresh allegations of illegal forest clearing after foreign auditors suggested it had misrepresented the findings of an independent investigation. Sinar Mas Agro Resources and Technology (SMART), part of the Sinar Mas group, has been struggling to repair its image after a Greenpeace name-and-shame campaign led several foreign buyers to cancel major contracts. Its credibility took another blow Thursday when British auditors the BSI Group complained that elements of an independent probe which SMART commissioned to verify the legality of its activities had been misrepresented to the public. SMART had trumpeted the auditors' report as evidence that Greenpeace's allegations were false, but BSI said the probe's "key findings" included that the company had violated Indonesian law on forest management. It also found that the company had launched operations on almost 38,000 hectares (94,000 acres) of land on Borneo before mandatory environmental studies had been completed. The company was also found to have planted palm oil crops in high-value deep peatland, but not to the extent claimed by Greenpeace. you can read the rest @ http://www.bangkokpost.com/news/asia/192127/indonesia-palm-oil-giant-defends-record |
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noonelikeme
Senior |
20-Aug-2010 10:47
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The Board of Directors of Golden Agri-Resources Ltd ("GAR") wishes to inform that PT Sinar Mas Agro Resources and Technology Tbk ("SMART") has published a press release titled "SMART stands firm in its belief that the independent verification exercise clearly demonstrates that the claims made by Greenpeace were exaggerated or wrong." Attached is the press release of SMART. SMART is listed on the Indonesia Stock Exchange, and is a subsidiary of GAR. BY ORDER OF THE BOARD Rafael Buhay Concepcion, Jr. Director 20 August 2010 Hopefully this will bring back some confidence. |
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noonelikeme
Senior |
20-Aug-2010 10:04
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I guess ppl are waiting to short. All selling at high price .. but no one is coming in to buy.. | ||||
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alantheox
Member |
20-Aug-2010 06:56
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first reports in the media coming through now... http://news.mongabay.com/2010/0818-sinar_mas_fraud.html |
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tianloong86
Member |
19-Aug-2010 20:07
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guys, will this clarification statement cause golden agri to plunge down??
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sarsar
Senior |
19-Aug-2010 18:49
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Thank you Alex. I will take note of your advice and monitor it again. Good luck!
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alantheox
Member |
19-Aug-2010 18:35
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It’s being reported that GoldenAgr has made inaccurate or misleading announcements to SGX. These relate to presentation of the findings of a verification exercise, claiming it proved that they 'operate responsibly and with the laws' and that Greenpeace allegations were wrong. The original verification team (BSI and CuC) have just published a clarification statement saying that "there have been elements of the report that have been misreported". A letter has been sent to SGX outlining clarifying the audit’s findings that GoldAgr and its subsidiaries have broken Indonesian law, in contrast with GoldAgr statements. Sounds serious… |
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alexchia01
Elite |
19-Aug-2010 17:42
Yells: "Catch The Stars And Ride With Them" |
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GoldenAgr broken its support level of $0.570 today. If it cannot move above $0.570 tomorrow then it would move lower to next support level at $0.530. No need to rush in now.
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sarsar
Senior |
19-Aug-2010 17:05
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Could it be someone pressing down the price for accumulation? just guessing....looks very tempting, maybe can collect tomorrow. | ||||
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BLTENG1973
Member |
19-Aug-2010 16:55
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Looks like all the good suuport point but how come the price still keep going down??? :( | ||||
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marubozu1688
Veteran |
19-Aug-2010 15:36
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Looks like a good entry point now if the up trend is still intact. http://mystocksinvesting.com/singapore-stocks/goldenagri/golden-agri-on-up-trend-channel/ |
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AK_Francis
Supreme |
17-Aug-2010 23:35
Yells: "Happy go lucky, cheers." |
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Ha ha, AK fond of ds burger since long time ago. Remember 5 for 1 bonus, div etc. But lately clear half holding, for Carlsberg, owing to Greenpeace issue. Moreover, CO dropped below 80, still weak. | ||||
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Sept11
Veteran |
17-Aug-2010 23:26
Yells: "Buy high sell higher! " |
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Golden Agri eyes Liberia palm oil expansion SINGAPORE - Singapore's second-largest listed palm oil plantation firmGolden Agri-Resources said on Tuesday it was looking at investing in a firm that will control 220,000 hectares of land in Liberia. The company, which is part of Indonesia's Sinar Mas Group, said it was planning to invest in private equity fund Verdant that is the sole shareholder of a Liberia-based firm in the process of being granted a government concession to develop 220,000 hectares for 20 years. Golden Agri did not give financial details of the possible transaction for the land, which is three times the size of Singapore, but said the initial development will commence with 15,000 hectares. The move comes after Indonesia announced plans to impose a two-year moratorium on new permits to clear forest for oil palm cultivation from 2011. -- REUTERS |
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Sept11
Veteran |
13-Aug-2010 14:31
Yells: "Buy high sell higher! " |
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BMD Crude Palm Oil (CPO) futures up midday; dwindling global supplies, weather concerns on palm harvesting, higher crude oil supportive... From here.-> X |
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noonelikeme
Senior |
13-Aug-2010 14:27
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u are right ... i mean to be 0.58 :P
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Sept11
Veteran |
13-Aug-2010 14:24
Yells: "Buy high sell higher! " |
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x 0
x 0 Alert Admin |
I see u have a price typo error for your previous post.
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noonelikeme
Senior |
13-Aug-2010 14:09
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Wu ya boh .... Wu ya boh ....
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zhixuen
Veteran |
13-Aug-2010 13:50
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Ya forgot about Wilmar (SAD) How about First Res and Global Palm? |
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