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GMG CHIONG tomoro -Flash floods hit southern Thail
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bluekelah
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27-Jan-2011 09:42
Yells: "HELOZ WORLD!!!" |
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are they able to do that? arent there rules about cancelling IPO? SGX should look into this matter... So GMG should be dropping a bit today since some funds will want to move their money out to invest in sri tan? |
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yummygd
Supreme |
27-Jan-2011 09:21
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shit them they one kind. one moment say listing another say not listin den now say listing again. feel like slapping them. just say sorry (a mistake) alot of people could kaput with that one sorry
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tormont
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27-Jan-2011 09:18
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Sri drop appx 10% yst in thai exchange. Now it's abt SGD1 only. IPO in sinapore is set at $1.20. Looking at their profile 90% of the plantation is in thailand where 10% in indonesia.
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slimerlth
Member |
27-Jan-2011 09:13
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at least .340 chiong~~~ | ||||
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yummygd
Supreme |
27-Jan-2011 09:09
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sold my contra lots..think e momentum is over. but keeping my investment lots. | ||||
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bluekelah
Member |
27-Jan-2011 09:09
Yells: "HELOZ WORLD!!!" |
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I thought yesterday already many have surge into this stock :D
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yummygd
Supreme |
27-Jan-2011 08:58
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meanin? thai sri yesterday at 12 plus said it will continue with e listing already.
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rutheone1905
Veteran |
27-Jan-2011 08:47
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Watch out for those rely on news to trade, many will surge into this stock today beware. | ||||
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kiasiDBT
Veteran |
27-Jan-2011 01:40
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At last, patience has its virtue n not be swayed by those tat tried to talk down the price has its rewards..... 
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kiasiDBT
Veteran |
27-Jan-2011 01:39
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If still haven't cover, siow liow, can go Buangkok Green liow... tng kor buay kar chng... 
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enghou
Senior |
26-Jan-2011 23:55
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Bank of America recommends BUY with Target Price at 50 cents First on the street to initiate coverage; PO S$0.50 We initiate coverage on GMG Global (GMG) with a Buy rating and PO of S$0.50 offering 75% potential upside. Our PO is based on 20x on plantation, 10x on processing profit and it implies a FY11E PE of 15.5x. Our 2011 and 2012 rubber price assumptions are US$5.5/kg and US$6.5/kg (spot: US$5.5/kg). GMG is our preferred ASEAN soft commodity exposure. Rubber is the new black; GMG is world’s pure rubber play Rubber sector is facing a severe supply shortfall post many years of underinvestment. With the rising demand driven by China and India auto, we expect the rubber price rally to last till 2012, especially as we enter the winter season for rubber in 1H11. GMG (51% owned by Sinochem) is one of the world’s only few listed rubber play which has a presence from plantation, processing to distribution. Aggressively seeking for growth Although GMG is blessed with supply security, it is still diligently seeking growth, both upstream and midstream. Its recent acquisition of Teck Bee Hang (Thai processor) has doubled its processing capacity. Coupled by the rising rubber price, FY11E profit is poised to grow by 127% YoY. Every 1% change in rubber price (ORA Comdty) will lift earnings by 4.1%. Solid parentage offers direct access to China market Sinochem is China’s biggest rubber trader and China consumes a third of the world’s rubber production. Thus GMG has secured distribution into one of the most dynamic rubber markets. The relationship will also lower GMG’s distribution costs as third party marketing contracts cease. Risks involved include fall in rubber price, country risk in Ivory Coast, dilutive capital raising and substitution risk. Life Is Great |
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bluekelah
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26-Jan-2011 18:07
Yells: "HELOZ WORLD!!!" |
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Yes you are right :D Ding Dong is finished now, when is the next ding dong? Should be all the funds rushing in to buy since sri tang not listing in SG anymore...
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slimerlth
Member |
26-Jan-2011 17:58
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chiong...wish tomorrow can reach .37 |
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yummygd
Supreme |
26-Jan-2011 17:09
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WOW HOOOOO IT DID!!! ok lets pray tom will up somemore!!GOOD LUCK EVERYONE!!good play today.ok i dumb question pls reply....GMG OFFICIALLY BULL LIAO RIGHT up trend ya!! | ||||
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yummygd
Supreme |
26-Jan-2011 17:07
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?it did!!u sure???how come i waited sometimes den still 0.315 neh u kidding me not right
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goldenpiggy
Senior |
26-Jan-2011 17:07
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haha.. it did... :)
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yummygd
Supreme |
26-Jan-2011 17:00
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disappointed cant close at 0.32 lets pray tom will be better. | ||||
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yummygd
Supreme |
26-Jan-2011 16:55
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haha wont be tom for sure la. last high will be breached.
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goldenpiggy
Senior |
26-Jan-2011 16:50
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Question is by when? :)
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Farmer
Master |
26-Jan-2011 16:50
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Tho it has got a strong parent and good recommendation fm BoA, I think its getting expensive unless it can earn profits like Genting..... | ||||
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