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GMG CHIONG tomoro -Flash floods hit southern Thail
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yummygd
Supreme |
06-Jan-2011 16:09
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is GmG being accumalated right now?few days liao always good vol(top 15) but price still the same as before. I think soon bb will push it up high. 0.350 I bet!! | ||||
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kiasiDBT
Veteran |
06-Jan-2011 16:08
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Ai Lai Chiong Liow.... big buy up 2000 lots @0.30.... 
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kiasiDBT
Veteran |
03-Jan-2011 09:25
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GMG ai lai CHIONG liow... Some past article on GMG for sharing purpose: 21 November 2008 - Working on a 3-year China Strategy :- http://www.sharesinv.com/articles/2008/11/21/gmg-china-strategy/ Broke 0.295 liow.... CHIONGGGGG ARHHHH..... GOOD LUCK TO THOSE PESSIMISTIC SALIVA DRIPPING WAITING FOR 0.25
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Tropical
Senior |
01-Jan-2011 02:47
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Thank you susan. And Happy New Year 2011!
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susan66
Master |
01-Jan-2011 00:24
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The recent support and resistance is 0.275 and 0.295. If it is able to go back to >0.30 the uptrend will start again. Now sellers seem to reducing, can get ready.
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kiasiDBT
Veteran |
31-Dec-2010 11:46
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India, China demand to keep up rubber in 2011: Thailand Published on: December 28 BANGKOK (Commodity Online) : World’s leading rubber producer and exporter Thailand said, fast growing economy India’s demand along with China could keep rubber prices up for next year as well. According to Ananta Dalodom, Thailand’s former director-general of the Agriculture Department, rubber prices are expected to stay well above 100 baht per kilogramme. Demand has shifted to China and India from the United States and Japan during the past three years, making China the largest importer at 2.7 million to 2.8 million tonnes, driven by high growth in the automotive sector. Demand from India keeps rising due to its economic growth, as India plans to construct roads covering up to 200,000 kilometres using natural rubber as part of the material. Raw rubber sheet prices are now quoted at 138 baht per kg, while smoked ribbed rubber sheets No 3 (RSS3) were trading Monday in the Hat Yai cash market at 149.55 baht, with latex at 131 baht per kg. Rubber prices have been rising steadily since 2002 when the raw rubber sheet price was 29.15 baht per kg, RSS3 was 30.23 baht and latex 30.49 baht. "The prices are very high and have shown no signs of declining. Prices should remain at least 100 baht per kg from now on," said Dr Ananta. Thailand, the world's largest exporter, produces around 3 million tonnes per year, accounting for 40% of world production, followed by Indonesia and Malaysia. Dusit Rojanawanitchakorn, the owner of a 500-rai rubber plantation in Chon Buri province, said he now earned 1.5 million baht per month compared with an average of 800,000 baht per month last year, when prices of the raw rubber sheet during the same period were 90 baht per kg. "These are the highest prices I've ever seen, and I think it will stay this way for at least two years," said Mr Dusit, adding that current prices were reasonable. Kanda Chamchumrus, who owns a rubber processing plant, disagrees, saying the price surge is due mainly to speculation by large factories selling their products at high prices, which distorts prices and does not represent the real market. "I have heard from rubber planters that they do not want excessive prices because they are afraid the system will fall through, as this will prompt users to shift to substitute products," said Mrs Kanda. Prayong Hirunyawanich, chairman of the Federation of Thai Industries' natural rubber and rubberwood cluster club, said rising rubber prices had increased costs for businesses. "Manufacturers cannot raise their product prices to pass on the higher costs, as the Commerce Ministry has called for price freezes to try to curb inflation," he said. |
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Tropical
Senior |
30-Dec-2010 16:43
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Anybody here can advise what is the resistance and support of GMG?? Maybe can pick up some of this stk. Thks. | ||||
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kiasiDBT
Veteran |
30-Dec-2010 14:07
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Buoyant year ahead for natural rubber By HANIM ADNAN nem@thestar.com.my Wednesday December 29, 2010 PETALING JAYA: Rubber prices, which hit many new historic highs over the past two months, are set to extend their rally into the first quarter of next year on a prolonged tight supply situation, says industry experts. Currently, local rubber grades SMR 20 and latex-in-bulk are trading at record levels of RM15 and RM9.93 per kg respectively. Malaysian Rubber Board director-general Datuk Dr Salmiah Ahmad told StarBiz that the bullishness in rubber prices was principally fuelled by a tight supply situation, speculation in rubber futures, Thailand's imposition of a new cess effective Oct 1 and dwindling stocks in major producing and consuming countries. She said traders in the producing and consuming regions had reported strong market fundamentals following the lack of physical supplies and record low levels of stocks at private warehouses in consuming nations In recent months, output has also been affected by abnormal rainfall. Meanwhile, local rubber prices were also boosted by the strengthening of the ringgit. In fact, the natural rubber (NR) price trend since 2006 had seen many new highs, supported by concerns over supply tightness, firm crude oil prices and speculation over a shortfall in production and strong demand. On the near-term outlook, Salmiah said: “The seemingly unstoppable growth in China and India, coupled with anticipated higher average oil prices in 2010, point towards a buoyant year ahead for NR.” She added that higher rubber prices were expected in 2011. The current heavy rain falls and floods in producing countries, coupled with tsunami wrecking parts of Indonesia, had affected production in the final quarter of 2010. “This will be followed by the seasonal lull of leaf shedding or wintering from January to March, reducing total output by some 30% to 40%. “In this scenario, major consumers will be making plans to replenish their much-depleted inventories in the months ahead,” added Salmiah. The low stock levels worldwide will be also another plus point for NR price. Salmiah pointed out that rubber stock levels were at an all time low at least in a decade. The current stock level is equivalent to about five to six weeks of world demand compared with two to three months previously. China and India would remain important markets for NR as their “automobile industries are poised to register double-digit growth over the next couple of years.” Association of Natural Rubber Producing Countries (ANRPC) senior economist Jom Jacob concurred that sentiment in the NR market would be dominated by the uncertainty in supply. According to ANRPC's latest NR trends and statistics report, the severe supply situation would likely be aggravated from February to May 2011, period which coincides with the annual wintering of rubber trees. “The current spike in the NR market has also been driven by an improved economic outlook, coupled with higher import demand from China, which registered annualised increases of 58% and 65% in October and November this year respectively. “As the consuming industry normally goes for large volume purchases before the supply enters the wintering season (starting end of February), the demand is likely to gain further momentum in January next year,” he added. In addition, the surge in crude oil price had also been a key driver of the present bull-phase in the NR market. According to oil industry analysts, there was a possibility of oil reaching US$100 per barrel by early 2011. The NR market is also not immune to the increasingly speculative nature of investments in the commodity markets. According to Jacob, total rubber supply from ANRPC's nine member countries is anticipated at 9.42 million tonnes in 2010 and 9.92 million in 2011 “if the climate takes its normal pattern”. ANRPC members contribute about 92% to total world NR production. On Malaysia, the world's third-largest rubber producer, Jacob said the NR supply usually took a seasonal drop from end of February until May every year, which coincides with leaf shedding by trees in summer. “Supply during these months normally shrinks 60% to 70% of the levels during peak seasons,” he added. He estimated that 48% of the global demand for NR comes from China, India and Malaysia the top three NR-consuming countries within the ANRPC grouping |
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kiasiDBT
Veteran |
30-Dec-2010 12:17
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Posting in NextInsight by a forumer called "MacGyver" "DBT, Did you see the IPO of Hainan Rubber in Shanghai Stock Exchange this week? The Company IPO at 90x FY2009 earnings. I nearly want to cry when I saw their PE and the business model. Why is GMG, a totally similar company to Hainan Rubber trading at 1/10 of its peer PE??" SGX, please wake up. You are no longer the financial hub of Asia. Shanghai and Hong Kong have outshine you in the past decade. If you don't work harder, you will be cheaper than Malaysia and Thailand. SGX == Sell Goli Xchange |
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calculus1985
Senior |
30-Dec-2010 00:48
Yells: "lollymotion dot com" |
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GMG finally showing sign of bullish reversal! see my analysis on GMG! |
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kiasiDBT
Veteran |
29-Dec-2010 14:37
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CHIONG LIOW ARH.... SWEE SWEE...
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francisd
Veteran |
29-Dec-2010 10:49
Yells: "BUY LOW SELL HIGH" |
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Somebody bought big today to move this stock to .29-.295. Wait and watch if this can hold today. The Ivory Coast problem is still not solved yet. Cheers. |
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kiasiDBT
Veteran |
28-Dec-2010 14:26
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Yup, I m oso keeping mine and oso accumulating more now and if it were to drop some more.
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yummygd
Supreme |
28-Dec-2010 11:49
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ya ok i bought mine at 0.145 den major correction went down to 0.120 den shoot back up to 0.18 den ding dong between 0.18 to 0.24.Den major bought push up to 0.3 den went back to ding dong around 0.21-0.24 den latest went up to 0.335-0.345 den now ding dong around0.27-0.28 every up will come down n ding dong for some times before going up higher before it comes down n ding dong around a higher price. GmG seems to be playing their cards right so far. e Ivory coast is a problem but in my opinion its not a life threatening one. Now is a good time for these weak holders to sell. den it will go up higher. I say next up might hit 0.4 slow but steady. I hope GmG can become a wilmar or noble one of these days.
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teapoichun
Member |
27-Dec-2010 22:44
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cheh....only 12%!!!!!! then i think everyone is panic for nothing...keep your stock and go to sleep...it is not how many hundred percent....still got 88% elsewhere and thanks to the weather, rubber price shoot up...weather will never be the same anymore...it is global warming...still a good stock to keep. i m keeping mine... |
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kiasiDBT
Veteran |
27-Dec-2010 21:05
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Rubber prices to trend higher next week KUALA LUMPUR, Saturday 25 December 2010 (Bernama) -- The Malaysian rubber market is expected to trend higher next week as low production due to bad weather will continue to push prices higher, dealers said. A dealer said supply concerns remained amid the current heavy rainfalls in major rubber-producing countries. "This is amid increasing prices of crude oil, which increase the cost of producing rival synthetic rubber," a dealer said. Crude oil prices hit two-year highs above US$91 a barrel on signs of the recovery in the US economy. During the week, rubber prices on the Malaysian rubber market remained at historic highs due to short supply and increasing demand from China. Malaysian rubber prices ended the week higher with the unofficial SMR 20 at 1,500.50 sen per kg on Thursday, rising 60 sen per kg from 1,440.5 sen per kg last Friday Latex in Bulk rose 26 sen per kg on Thursday to 988 sen per kg from 962 sen per kg last Friday. (The unoffical closing prices were not available on Friday due to early closure for Christmas eve.) As for the official price, latex in bulk rose 31 sen per kg to 990.50 sen per kg from 959.50 sen per kg. SMR 20 advanced 69.5 sen per kg to 1,502 sen per kg from 1,432.50 sen per kg. (Source: http://www.mysinchew.com/node/50290) |
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kiasiDBT
Veteran |
27-Dec-2010 16:50
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Plane belonging to Gbagbo grounded in Switzerland http://www.france24.com/en/20101226-ivory-coast-plane-belonging-laurent-gbagbo-grounded-switzerland-ouattara |
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yummygd
Supreme |
27-Dec-2010 11:58
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ai ya dun worry la. next Q result wont be nice only wat. den sooner or later it will be back. One can see this as an opp to collect or if investor n out of bullets like me...just turn off n go zzz lor. not like whole plantation burn down hahaha(ok sorry touch wood.)
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kiasiDBT
Veteran |
27-Dec-2010 11:55
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Mkt tends to over-react with kateks being opportunistic but I believe this is juz a temp blip as the tyranical imcumbent president is being suffocated by financial pressure and cut-off from all funding sources and will be ousted soon
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liongyanlin
Member |
27-Dec-2010 11:11
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Come on. I also wanted it to grow remember. I bought at 0.30 and 0.33 leh. We are on the same boat. After new year we will have a big ang bao!! | ||||
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