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Indofood Agri Resources
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dc16888
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27-Jul-2010 11:00
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Indo Agri boke 2.4 with good vols. | ||
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marubozu1688
Veteran |
26-Jul-2010 17:22
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Forming a potential new up trend. Wait for pull back to get in. http://mystocksinvesting.com/singapore-stocks/indoagri/indoagri-forming-a-new-up-trend/ |
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ericsim01
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14-Jul-2010 16:14
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breakout, with high volume today 2.15 now, volume 15m vs normal vol 5m | ||
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ozone2002
Supreme |
01-Jun-2010 09:29
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indo chiong yest from $2 to $2.1 now looks like resuming it's rise with crude @ $75 DYODD.. |
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marubozu1688
Veteran |
22-May-2010 12:57
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IndoAgri is forming a Double Tops! http://mystocksinvesting.blogspot.com/2010/05/indoagri-forming-double-tops.html |
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marubozu1688
Veteran |
07-May-2010 22:02
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Looks like Indo Agri has broken a Double tops and up trend support line. Chart does not looks good. http://mystocksinvesting.blogspot.com/2010/05/indoagri-break-critical-support.html |
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des_khor
Supreme |
03-May-2010 12:08
Yells: "Tell me who is the God or MFT from this forum??" |
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Well said !! The company director already ask thier friend , scandal , lover , grandparents , aunties , uncles , great grandchildrens ...... before the news !! time to short ah !!
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SafeTrading
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03-May-2010 12:05
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Indofood Agri Resources From UOB Kay Hian 1Q10: Net profit increases 29% yoy, within expectation IFAR’s net profit jumped 29% yoy, attributable to higher revenue, lower corporate income tax rates, a forex gain in 1Q10 vs a loss in 1Q09, and
Valuation/Recommendation Maintain BUY with higher target price. higher target price of S$2.80 to take into account higher earnings assumptions. The target price is based on 15x 2010 PE for a mid-cap
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SafeTrading
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03-May-2010 11:43
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Inflation and supply shortage send palm-oil plays higher From The Edge Singapore Newspaper Investing Ideas As of 3 May, 2010 ...There are other factors boosing crude palm oil (CPO) this year. "We are optimistic on commodities this year. Palm oil, particular is moving into shorage," say Nirgunan Tiruchelvam, an analysts at RBS. The stock-to-usage ratio,..., is likely to fall from 15% now to just 8% next year. One obvious driver of the shorage in CPO supply has been weather conditions. The EL Nino effect, coupled with very high fertiliser prices on account of the financial crisis, lowered yields significantly towards the end of last year and should continue to take its toll this year. At the same time, government moves in various countries are continuing to affect CPO prices. In China, for instance, soybean oil from Argentina, has just recently been banned. Tiruchelvam now expects Argentina to halt soybean crushing, which should drive stocks down and soybean oil prices up. Given that CPO prices move in tandem with soybean oil because they are close substitutes in food, cooking and biodiesel, he expects CPO prices to rise further. Meanwhile, in India, another major Asian economy, import tarfiffs on CPO have been lowered very significantly. So he sees India's consumption rising from here on. Biodiesel is another major factor in supply-demand dynamics. The trend of using biodiesel as a more sustainable source of fuel is rapidly catching on. Malaysia, the world's 2nd largest CPO producer, intends to make it mandatory for vehicles to use CPO-blended biodiesel beginning June 2011. Goldman Sachs analyst Patrick Tiah notes in a recent report that several other countries such as Argentina and Brazil are also accelerating biodisel blends this year. "Coupled with higher oil prices, we estimate that the biodisel market could grow 28% in 2010," he says. ... Biodisel utilisation levels in Southeast Asia have risen 50% in a single quarter to a about 1/3 of total capacity. Tiruchelvam expects this to exceed 50% by 2011. To ride the expected wave, CIMB's Malaysia based analyst Ivy Ng favours the Singapore planters. "They have good growth prospects, and their valuations are still lower than their regional peers," she says. There are 5 major palm-oil plays listed here, the most well known being Wilmar International. The others are Golden Agri-Resources, Indofoof Agri Resources, First Resources and Kencana Agri. ... Meanwhile, Tiruchlvam's top pick is IndoAgri. At a time when plantations throughout the region are experiencing lower levels of productivity, IndoAgri seems to be in a happy situation of rising productivity. "We expect the planting cycle and the operational/logistical advances to help IndoAgri raise FY2010 production by 11%, at a time of industry stagflation," he says. "It has one of the highest ratios of immature to mature hectares in the induatry. So, its production should continue to grown above the market." |
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Talkhead
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03-May-2010 11:34
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Buy on anticipation, sell on news...always the case 80% of the time. | ||
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windatoz
Member |
03-May-2010 11:26
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This morning so nice....for awhile and now like this.....................................
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SafeTrading
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03-May-2010 11:20
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Indofood +0.8%; 1Q results, outlook supportive From The Edge Singapore, Section: Broker's Call As of 31 April, 2010 Indofood Agri Resources (5JS.SG) +0.8% at $2.44, may end higher for second straight day, on stronger 1Q10 results, management’s upbeat outlook, says Dow Jones. The Indonesia-based plantation group expects demand for palm oil to remain positive this year, backed by improving global economic climate, consumption growth in emerging Asian nations, stronger demand for biodiesel in Europe, Brazil, Argentina. 1Q10 earnings +29.0% on-year at IDR309.8 billion on FX gain, tight cost control, lower interest and tax expenses. “We expect higher fresh fruit bunch production, favourable CPO price and maiden contribution from its sugar business to boost earnings performances over the next nine months in FY10,” says CIMB, which has “trading buy” call with $2.92 target. Current gains not accompanied by firm volume, suggesting subdued interest. Resistance expected at this week’s high of $2.52. |
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SafeTrading
Member |
30-Apr-2010 12:48
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Financial Highlights · * Revenue increased 6% YOY to RP 2.1 trillion (S$320 million) on higher sales across all divisions especially palm products and rubber · * Net attributable profit increased 29% YOY on higher sale, lower interest expenses and lower income tax · * 1Q2010 EBITDA margin grew to 33.5% from 32.7% in 1Q2009 on higher profit from operations and foreign currency gains · * Gross Profit down to 37.8% from 41.2% in 1Q2009 due to higher cost of sale * * Positive cash flow Operational Highlights * COP selling prices 13% higher YOY at RP 6597/kg * Mature oil palm plantation increased by 16 388 ha from Dec 09 as more trees came into maturity * Lower FFB and CPO production across all areas especially in South Sumatra
Personally, the result is within expectations. I believe in an integrated business structure is a better fit for the current or future business model. Palm oil is going to be the in thing since it is a renewable resource and has versatile uses. I vested in this company and believe it will fly!
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SafeTrading
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30-Apr-2010 10:33
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News The Edge As of 30 April, 2010 IndoAgri Resources posts 29% rise in net profit to $47m IndoAgri Resources, the manufacturer of edible oils and fats in Indonesia, reported attributable net profit rose 29% to Rp310 billion ($47 million) in 1Q2010 from Rp240 billion for 1Q2009. The improved profit was mainly due to higher profit from operations, coupled with lower interest expenses and income tax expense. With CPO prices remaining firm in 1Q2010 at an average of US$808 ($1,106) per tonne (CIF Rotterdam), the group reported 1Q2010 revenue of Rp2.1 trillion ($320 million), which was 5.8% higher compared to Rp2 trillion in 1Q2009 as a result of higher average selling prices of plantation crops and higher rubber sales. Despite higher revenue, gross profit margin declined marginally from 41.2% in 1Q2009 to 37.8% in 1Q2010 mainly due to lower performance in Cooking Oils and Fats Division. The group’s profit from operations grew 6.8% to Rp612 billion primarily due to foreign exchange gains of Rp35 billion in 1Q2010. As such, EBITDA margin grew to 33.5% in 1Q2010 from 32.7% in 1Q2009. IndoAgri Resources says with the gradual improvement in the global economic outlook, CPO prices witnessed a steady recovery in 2009 and ended the year with an average price of US$792 per tonne. This trend continued into 1Q2010 on the back of tighter palm oil supply, and lower palm oil inventory in Malaysia arising from lower seasonal production in 1Q2010. |
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rohini
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30-Apr-2010 10:31
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How to interpret the Q1 2010 results? Good/Okay? |
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SafeTrading
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29-Apr-2010 12:29
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Strong resistance at 2.46! Hope it breakout. Wonder will the earnings impact much since it will be out tomorrow. |
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marubozu1688
Veteran |
07-Apr-2010 18:29
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Closed at $2.45 today. Looks like breaking out!
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marubozu1688
Veteran |
04-Apr-2010 11:50
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It is coming! Watch out for Breakout! http://mystocksinvesting.com/singapore-stocks/indoagri-%e2%80%93-watch-out-for-breakout/ |
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marubozu1688
Veteran |
13-Mar-2010 12:16
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Indo Agri chart looks good in the medium term. http://mystocksinvesting.com/singapore-stocks/indoagri/indoagri-still-on-the-up-trend/ |
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susan66
Master |
10-Mar-2010 23:44
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What's the hurry? Just starting to explode today and oil is moving up all the way now, should have further upside. You will be smiling to the bank very soon, will regret if you sell so fast.
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