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Indofood Agri Resources
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zhuge_liang
Supreme |
25-Jun-2008 13:58
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Almost reached my $2.90 target. After a big rise, time to take profit. Palm oil stocks fell on news that exports of Malaysian palm oil products for June 1-25 dropped, dealers said. Exports of Malaysian palm oil products for the period fell 9.4% to 899,327 tonnes from 993,093 tonnes, said cargo surveyor Intertek Testing Services. Could also be falling because Indonesia will raise the palm oil export taxes in Jul to bring them in line with international prices, a senior trade official said on Wed. The government will raise the palm oil export tax to 20% in Jul, from 15% in Jun, while the base export price for CPO will be increased to US$1,144 per tonne from US$1,105. The new prices will be valid from Jul 1 until the end of the month. |
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CWQuah
Master |
25-Jun-2008 12:45
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It was already a pump n dump. I missed my count by one day. Suffice to say, don't catch falling knife.
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angelsiah
Member |
25-Jun-2008 12:39
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Today drastic drop.....what happen??? Market is up today. | ||
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ozone2002
Supreme |
24-Jun-2008 17:47
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What a SUGARY boost for indo today..keke | ||
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zhuge_liang
Supreme |
24-Jun-2008 12:11
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Resistance is set around $2.90. According to a 8/07 report by PT Capricorn Indonesia Consult, Indonesia is experiencing a shortfall in sugar production. The report put the shortfall at more than 1m tonnes - 35% of the country's sugar requirement - in '06. Factors such as population growth, as well as the growing processed food and beverage industries, also create a positive outlook for the sugar industry. Over the next 3 years, PT LPI plans to grow its sugar cane planted area 7x from 2,745 to 18,600 ha. PT LPI is also investing US$118m in a new sugar factory now under construction and slated to come on stream by end-2010 with a daily processing capacity of 8,000 tonnes of cane. Concurrently, its existing factory in Central Java, which is being rehabilitated, will restart operations in 2H08. The costs of revamping the factory, which can process 3,000 tonnes of cane per day, is expected to be about US$10m. |
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stevento
Senior |
24-Jun-2008 03:44
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First , Watch out for the price of Oil. Next, the purchase of sugar plantation is nothing really to shout about. Wait for a clear signal. REsistance 2.80 not broken signigficantly |
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investor38
Senior |
23-Jun-2008 15:54
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From my observation Indoagri vol usually relatively low anyway | ||
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ozone2002
Supreme |
23-Jun-2008 15:50
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vol looks suspicious.. maybe a fake breakout.. | ||
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investor38
Senior |
23-Jun-2008 15:47
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BROKEN THROUGH 2.80. 3.00 COMING | ||
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CWQuah
Master |
23-Jun-2008 12:18
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I have my reservations on this counter today. I wouldn't go long on this today. Caveat emptor. | ||
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investor38
Senior |
23-Jun-2008 12:07
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needs to break through 2.80 convincingly. next resistance at 3.00 | ||
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ozone2002
Supreme |
20-Jun-2008 16:37
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2.78 !!! huat ah! | ||
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investor38
Senior |
20-Jun-2008 16:24
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Short pass 2.70 quite convincingly. Expect it to move up to next resistance at 3.00 soon. Caveat Emptor. Enjoy the ride for those vested | ||
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ozone2002
Supreme |
20-Jun-2008 09:16
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$2.75 not too far away... think should take profit and give others a chance to earn from this counter.. Cool 30c :):):):):) |
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zhuge_liang
Supreme |
20-Jun-2008 01:36
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CIMB said Indofood Agri may rise to $2.75. By virtue of the sheer size of its planted area (approximately 86% of IndoAgri-London Sumatra’s combined 187,000 hectares as of end-'07), palm oil is the key contributor to Indofood’s revenue. IndoAgri's has a vertically integrated business for palm oil, with refineries located in Medan, Jakarta and Surabaya, the three biggest cities in Indonesia. They produce margarine and cooking oil. IndoAgri has a 38% share of the Indonesian market for branded cooking oil, margarine and branded oil and fats. The high-end of the market is less affected by inflation. CEO Mark Wakeford said: “For our cooking oil, we increased the price by 56% last year, and another 20% this year. Yet our Q1 sales volume this year were 20% ahead of Q1 last year.” Assuming each household buys 4 litres of cooking oil a month, the extra cost would be just US$2, said Mark. "IndoAgri can achieve higher margins on branded cooking oil than unbranded, hence we compete only in the branded section." IndoAgri and London Sumatra plan to plant 5 m palm oil trees a year carry out this year on 37,000 ha of Indonesian land, which is an area slightly >1/2 the size of S'pore. Currently, IndoAgri and London Sumatra have 192,000 hectares of planted area of which 166,000 are for palm oil. There already are about 20 m trees! When mature, they are harvested every 10 days by 25,000 workers. Aside from its expertise in managing plantations, IndoAgri and London Sumatra have expertise in breeding seeds for palm oil plants. The results are telling. IndoAgri and London Sumatra obtain a yield of about 5.5 tonnes of CPO per ha annually, significantly higher than the 3.6 tonnes achieved by Indonesia’s operators on average and 3.8 tonnes by Malaysian operators. IndoAgri and London Sumatra may surge further ahead in their quest for higher yield. They are developing seeds that could yield 7 tonnes of oil per ha annually when the trees enter their prime age 7 or 8 years after planting, said Mark. At today’s prices, the extra yield of 1.5 tonnes translates roughly into US$1,500 per ha of revenue. The potential financial upside does look very sizeable, given that IndoAgri and London Sumatra collectively own 166,000 ha of plants with varying levels of maturity. |
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ozone2002
Supreme |
19-Jun-2008 17:04
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wat a photo finish...jumped back up to 2.7...prolly some last min frantic short covering.. | ||
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investor38
Senior |
19-Jun-2008 16:30
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Considering the steep losses in most bourses; this counter seemed very resilient. Something good must be brewing. Expect more upside. Need to convincingly break above 2.70. Caveat emptor. | ||
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ozone2002
Supreme |
19-Jun-2008 16:26
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big yoyo...down then up... | ||
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zhuge_liang
Supreme |
19-Jun-2008 12:06
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Until last November, IndoAgri had 5,000 hectares of rubber plantation. It subsequently acquired a 64.4% stake in PT Perusahaan Perkebunan London Sumatra Indonesia TBK (London Sumatra) for $935 million. London Sumatra owns 16,000 hectares of rubber plantation. Combining that with IndoAgri’s would result in 21,000 hectares, which is the size of about a 1/3 of Singapore. IndoAgri and London Sumatra sell crumb rubber (blocks of high-grade rubber) and sheet rubber (low grade) to third parties in Asia and the US for making consumer products such as tyres. So, no vertical integration here either. Cocoa, coconut and tea contribute on a small scale to Indofood’s revenue. London Sumatra owns 2,600 hectares of cocoa plantation in Java. The cocoa is processed and exported to confectioners, mainly in Europe, such as chocolate manufacturers. London Sumatra has a tea plantation outside of Jakarta, producing 12 different grades of tea which are sold at auctions in Jakarta mainly for local consumption. In time, IndoAgri may go for vertical integration by developing its own brand of tea for consumers in Indonesia For the coconut business, Indofood currently buys copra to produce coconut oil for export to Europe. It doesn’t own coconut plantations. |
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ozone2002
Supreme |
19-Jun-2008 09:46
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back down again after a spectacular move yesterday | ||
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