| Latest Forum Topics / GMG Global |
 Post Reply
|
|
GMG CHIONG tomoro -Flash floods hit southern Thail
|
|||||
|
GuavaXF30
Master |
07-Mar-2011 07:40
|
||||
|
x 0
x 0 Alert Admin |
In trading always remember to watch for news. Any news. These will give players an excuse to push either way. After what is happening with Libya, lots of stocks are being pumped down. Even stock that have businesses as far away as China. These are just plays. So with latest about Ivory Coast, admittedly GMG has alrady said that they only have processing plants there and it's only a percentage of their business but remember, GMG took a hit just a couple of months ago for the very same reason. I am not saying the company is in trouble. Just that bears are out. If you are long investor, can look out for buying opportunity. If you are short term trader, stay out for now. Trade with care.
|
||||
| Useful To Me Not Useful To Me | |||||
|
ozone2002
Supreme |
06-Mar-2011 16:05
|
||||
|
x 0
x 0 Alert Admin |
y is the price of GMG running up then? don't u think the ivory coast is just another excuse to push down the price... investing is common sense... gd luck! |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
kaoluck
Member |
05-Mar-2011 12:54
|
||||
|
x 0
x 0 Alert Admin |
will ivory coast further reduce the supply to the world rubber market? Then wouldn't it drive prices up further?
|
||||
| Useful To Me Not Useful To Me | |||||
|
yummygd
Supreme |
05-Mar-2011 12:44
|
||||
|
x 0
x 0 Alert Admin |
haiz truth to be told this ivory coast thing is really overplayed. I mean seriously e percentage is so little...okie will affect but not by much la. thats why dun understand why investors so worried over it. but ya civil war no good neh.
|
||||
| Useful To Me Not Useful To Me | |||||
|
GuavaXF30
Master |
05-Mar-2011 09:45
|
||||
|
x 0
x 0 Alert Admin |
Oh oh. Ivory Coast hotting up again. There is massive outbreak of violence and threat of full civil war. Google up news on this. GMG price may get hit again.
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
ozone2002
Supreme |
04-Mar-2011 14:41
|
||||
|
x 0
x 0 Alert Admin |
waiting for breakout above 28.5....
|
||||
| Useful To Me Not Useful To Me | |||||
|
ozone2002
Supreme |
01-Mar-2011 17:00
|
||||
|
x 0
x 0 Alert Admin |
28.5 .. excellent volume today | ||||
| Useful To Me Not Useful To Me | |||||
|
ozone2002
Supreme |
01-Mar-2011 13:22
|
||||
|
x 0
x 0 Alert Admin |
CORRECTED - CORRECTED-RUBBER-Tokyo futures edge higher on share price gains(Corrects DATA EVENTS to add Tuesday events and delete previous day's events) TOKYO, March 1 (Reuters) - Key Tokyo rubber futures edged higher on Tuesday in their first rise in eight sessions, helped by a recovery in stock markets, but persistent concerns about unrest in Libya and the surrounding region weighed on prices. FUNDAMENTALS * The benchmark rubber contract on the Tokyo Commodity Exchange < 0#JRU:> for August delivery was up 7.3 yen or 1.6 percent at 473.7 yen as of 0037 GMT. * The benchmark contract ended the month nearly flat on Monday, after the previous benchmark contract for July delivery hit a record high of 535.7 yen in mid-February. * The most active Shanghai rubber contract SNRK1 for May delivery rose 1,030 yuan or 2.7 percent to close at 39,315 yuan ($5,979) per tonne on Monday. * The dollar struggled to regain its footing in Asia on Tuesday after a steep decline, while the euro held firm as investors bet the Federal Reserve will stick to its easing course even as the ECB talks of tightening. [USD/] * Brent crude rose more than $2 a barrel on Monday as concern persisted about security of supply from the Middle East and North Africa even after top exporter Saudi Arabia boosted supply to meet the shortfall caused by a cut in exports from Libya.[O/R] * Global natural rubber output will rise nearly 5 percent in 2011, a senior economist of the ANRPC grouping of rubber producing nations said on Monday, lower than 8 percent targeted by their governments, as record prices take their toll on yields. [ID:nL3E7DS0DO] |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
ozone2002
Supreme |
01-Mar-2011 09:39
|
||||
|
x 0
x 0 Alert Admin |
28
|
||||
| Useful To Me Not Useful To Me | |||||
|
GuavaXF30
Master |
28-Feb-2011 20:36
|
||||
|
x 0
x 0 Alert Admin |
Afraid I don't see this happening soon now. Market sentiments sucks big time. Africa story turning bad again. Now the word is the African union will not intervene in Ivory Coast because they got bigger problems with Libya, Tunesia and Egypt. Small caps, big caps, all risky now.
|
||||
| Useful To Me Not Useful To Me | |||||
|
kaoluck
Member |
28-Feb-2011 18:14
|
||||
|
x 0
x 0 Alert Admin |
GMG Global Director Ong Kian Min recorded the first buy in Singapore-based rubber plantation group GMG Global Ltd since 2007 with an initial one million shares purchased (deemed) on Feb 24 at 28 cents each. The shares bought represent 0.03 per cent of the issued capital. The purchase was made after the company announced on Feb 22 a 187.2 per cent gain in Q4 profit to $16.43 million. Earnings for the year rose by 640.1 per cent to $52.65 million. The acquisition was also made on the back of the 133 per cent rise in the share price since March 2010, from 12 cents. The counter closed at 27.5 cents on Friday. (Source: The Business Times, February 28, 2011) |
||||
| Useful To Me Not Useful To Me | |||||
|
kaoluck
Member |
28-Feb-2011 15:14
|
||||
|
x 0
x 0 Alert Admin |
bot some at 0.275 hope it let fly soon.. LOL ) |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
ozone2002
Supreme |
28-Feb-2011 11:07
|
||||
|
x 0
x 0 Alert Admin |
GMG support is @ 27c.. technically oversold.. vested.. gd luck.. |
||||
| Useful To Me Not Useful To Me | |||||
|
kiasiDBT
Veteran |
28-Feb-2011 10:56
|
||||
|
x 0
x 1 Alert Admin |
Rubber Rebounding 32% as Reserve Drop Drives Costs for Michelin By Aya Takada and Supunnabul Suwannakij Feb. 28 (Bloomberg) -- Rubber’s 15 percent slump in about a week may be the prelude to rallies to a record high, driving up the cost of everything from Michelin tires to surgical gloves. Harvests in Thailand, Indonesia and Malaysia, the biggest growers, will fail to meet demand for a second year in 2011, leaving stockpiles equal to 69 days of demand, the lowest in more than a decade, Goldman Sachs Group Inc. estimates. Prices may advance as much as 32 percent to 605 yen a kilogram ($7,407 a metric ton) by December, according to the median estimate in a Bloomberg survey of 10 analysts and traders. Bridgestone Corp. and Michelin & Cie., the world’s biggest tire makers, are boosting prices by as much as 15 percent, and Top Glove Corp., the largest rubber-glove producer, is charging more. The rally in rubber mirrors the 93 percent advance in the S& P GSCI Agriculture Index since its June low caused by floods from Canada to Australia and droughts in China and Russia. While that’s bad news for consumers, it means “the best price I’ve ever seen,” said Saneh Panpipat, 54, who tends about 2,000 rai (320 hectares) of rubber trees in southern Thailand, the country’s main growing region. “My staff and many farmers who were unable to afford their own cars now have brand-new Toyota or Isuzu pickup trucks.” Heavier-than-usual rain in Southeast Asia, which supplies 70 percent of the world’s rubber, disrupted harvests in the past several months. While farmers will increase supply by 9 percent this year, they won’t eliminate shortages, as demand advances to its highest level since at least 2000, according to the team of Goldman analysts, led by Tokyo-based Yuichiro Isayama. Global Recession Benchmark futures on the Tokyo Commodity Exchange jumped more than fourfold since reaching a six-year low of 99.8 yen in December 2008 as the global recession curbed demand. That compares with a more-than-doubling in the S& P GSCI Index of commodities and a 58 percent advance in the MSCI World Index of equities. Treasuries returned about 3.7 percent, a Bank of America Merrill Lynch index shows. Shortages should mean prices as high as 1,200 yen by the end of the year, said Masayo Kondo, president of Tokyo-based Commodity Intelligence Ltd., the most bullish participant in the Bloomberg survey. The price finished at 457.6 yen in after-hours trading on Feb. 25. Kondo correctly predicted prices would reach a record in September, when futures markets were anticipating gains of no more than 6 percent through this month. Toppled Regimes The 15 percent decline in rubber prices since reaching a record 535.7 yen on Feb. 18 has reflected the slump across commodities and equity markets amid riots in North Africa and the Middle East and the toppling of autocratic leaders in Egypt and Tunisia. Crude oil traded in New York reached $100 a barrel for the first time in more than two years on Feb. 23 as the MSCI World Index had its biggest weekly rout since November. “Commodities used for industrial production including base metals and rubber may be vulnerable” if crude keeps rising, said Tomomichi Akuta, an analyst at Mitsubishi UFJ Research & Consulting Co. in Tokyo. Oil above $120 for a sustained period would likely cause a “meaningful shortfall in global growth,” Jonathan Garner, Morgan Stanley’s chief Asia and emerging-market strategist, said in a Bloomberg Television interview in Hong Kong on Feb. 23. Higher energy costs and record food prices are already driving up inflation. The U.K. consumer-price index, which includes tires and condoms, increased an annual 4 percent in January, twice the Bank of England’s target. Record Food Prices The U.S. consumer-price index gained a greater-than- forecast 0.4 percent in the same month, led by higher prices for food and fuel. Inflation will accelerate toward 2 percent over the next year, the top of the central bank’s target, Federal Reserve Bank of Philadelphia President Charles Plosser said in a speech in Alabama on Feb. 23. Euro-region inflation accelerated to 2.4 percent last month, from 2.2 percent in December. European Central Bank council member Yves Mersch said officials may toughen their language on inflation, indicating policy makers are growing closer to raising interest rates. The global economy can withstand higher oil prices for a short period, John Lipsky, first deputy managing director of the International Monetary Fund, said in an interview with Bloomberg Television on Feb. 22. Rubber supplies will drop in the next few weeks, even if demand weakens. Plantations in Thailand, Indonesia and Malaysia are in their so-called wintering period, when output can drop by as much as 60 percent, according to the Kuala Lumpur, Malaysia- based Association of Natural Rubber Producing Countries. Trees shed their leaves and reduce latex production during the months from February to May. Global Sales For now, demand isn’t expected to slow. Global sales of light vehicles will advance 7.9 percent to a record 75.5 million this year, according to Ashvin Chotai, the London-based managing director of Intelligence Automotive Asia Ltd. Passenger-car sales in China, the world’s biggest auto market, will grow about 10 percent to 15 percent this year, according to the China Association of Automobile Manufacturers. Total vehicle sales jumped 32 percent to 18.06 million last year. China’s economy will expand 9.5 percent this year, almost three times the rate of the U.S., according to the median of as many as 67 economist estimates compiled by Bloomberg. The jump bolsters demand for tires, whose manufacturers use about 60 percent of the world’s rubber, according to the Singapore-based International Rubber Study Group. Surging commodity prices are also increasing their costs. Michelin Tires Michelin, the world’s second-largest tiremaker, said on Feb. 11 that higher raw-material costs would cut about 1.5 billion euros ($2 billion) from profit this year. The company, based in Clermont Ferrand, France, is raising some tire prices in Europe by as much as 7.5 percent and by an average 8 percent in Japan in May. Its shares rose 9.1 percent in Paris trading this year. “We will have and we’ll show it again, a very firm and responsive pricing policy,” Jean-Dominique Senard, non-general managing partner at Michelin, told investors on a conference call Feb. 11. “We have increased quite significantly our price in the world everywhere in every segment.” Global rubber production capacity should increase by almost 40 percent over the next decade and there is an “exuberance” in markets driven by the liquidity from government spending to encourage economic growth, Senard said. Bridgestone, the world’s largest tiremaker, said Feb. 18 it expects to report a 17 percent drop in profit this year as higher material costs and a stronger yen erode earnings. The Tokyo-based company said this month it will increase prices in North America by as much as 8 percent on April 1, and by as much as 15 percent in Japan from June 1. Its shares rose 4.9 percent in Tokyo trading this year. Consumer Business “The entire industry is going through very challenging times,” D.P. Singh, vice president of consumer business at Goodyear India Ltd., a unit of Goodyear Tire & Rubber Co., said in Mumbai on Feb. 22. “Commodity prices are going up across industries but the tire industry is especially hard-hit.” Sumitomo Rubber Industries Ltd., Japan’s second-largest tire maker, said it will boost prices by as much as 10 percent from May. The company forecast Feb. 14 that profit this year will tumble 58 percent from a year earlier. Top Glove, based in Klang, Malaysia, has been raising prices since rubber started climbing about a year ago, Executive Director Lim Cheong Guan said. The company said in January it would spend about $52 million planting rubber trees in Cambodia to help counter the jump in latex costs. “Rubber users don’t have much raw material stockpiled, so they have no option but to keep buying,” said Hisaaki Tasaka, a Tokyo-based analyst at brokers ACE Koeki Co. To contact the reporters on this story: Aya Takada in Tokyo at atakada2@bloomberg.net Supunnabul Suwannakij in Bangkok at ssuwannakij@bloomberg.net. To contact the editor responsible for this story: James Poole at jpoole4@bloomberg.net Last Updated: February 27, 2011 11:01 EST |
||||
| Useful To Me Not Useful To Me | |||||
|
kiasiDBT
Veteran |
24-Feb-2011 14:24
|
||||
|
x 0
x 1 Alert Admin |
GMG: 2010 net profit surges nine-fold. GMG Global (GMG) reported 2010 net profit jumped nine-fold to S$45m as turnover rose 132% to S$418.7m. For 4Q10, net profit more than doubled to S$12.9m from S$5m a year ago on a 137% rise in revenue to S$144.8m. The increases were mainly due to higher sales volumes and rubber prices, with the group expecting rubber prices for 2011 to remain resilient. (Source: The Business Times) | ||||
| Useful To Me Not Useful To Me | |||||
|
kaoluck
Member |
23-Feb-2011 15:39
|
||||
|
x 0
x 0 Alert Admin |
yeah.. but i do see the price stablising alittle.. hopefully when things settle down, it can go up to where it should be.
|
||||
| Useful To Me Not Useful To Me | |||||
|
GuavaXF30
Master |
23-Feb-2011 15:20
|
||||
|
x 0
x 0 Alert Admin |
It's a really sad day when counter annouce great results but price still slumber. I think nothing will see up today.
|
||||
| Useful To Me Not Useful To Me | |||||
|
yummygd
Supreme |
23-Feb-2011 15:08
|
||||
|
x 0
x 0 Alert Admin |
hehehehehe hope this will fall more so we can collect. gmg is the stock okie..
|
||||
| Useful To Me Not Useful To Me | |||||
|
kiasiDBT
Veteran |
23-Feb-2011 14:42
|
||||
|
x 0
x 1 Alert Admin |
GMG records outstanding YOY revenue growth for FY2010 GMG records outstanding Y-o-Y revenue growth to S$418.7million for FY10 http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_E9094B4FDEC076B148257840001DBD9F/$file/GMG-FY2010PressRelease.pdf?openelement HIGHLIGHTS: Revenue surged 132.3% Y-o-Y to S$418.7m in FY10 from S$180.2 m in FY09 Net profit for FY10 grew to S$45.0m from S$4.7m in FY09 Group maintains healthy balance sheet with cash balance of S$90.7m Group remains positive on the fundamentals and longer term prospects of natural rubber. WOW!!! " Net profit for FY10 grew to S$45.0m from S$4.7m in FY09 " ie about 10 times increases yet share price so unjustified. |
||||
| Useful To Me Not Useful To Me | |||||
|
kaoluck
Member |
23-Feb-2011 10:17
|
||||
|
x 0
x 0 Alert Admin |
Good opportunity to pick up on those stocks you've been eyeing folks. Go in with caution.. MENA situation still pending... Shortist having a field day though ) |
||||
| Useful To Me Not Useful To Me | |||||