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Indofood Agri
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Indofoods ipo $1.25c (FYI)
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bulbideal
Member |
02-Mar-2007 10:07
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I didn't notices this counter IPO much, if im not wrong. should be start on 14th FEB. IPO should be 1.25. 1st Day hit 1.9+ then close around 1.6. Now seem gd as it climb up from the pit |
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jackjames
Elite |
02-Mar-2007 08:29
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i cannot find the IPO date of this counter, mind to tell me when this is listed? what's the IPO price, and whats the first day closing price? thanks for sharing |
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bulbideal
Member |
02-Mar-2007 07:15
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Thanks zhuge_liang, |
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zhuge_liang
Supreme |
01-Mar-2007 23:48
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Hi bulbideal, Having broken below its IPO price, you could see more selling. I think you should wait first. I doubt it'll reach Wilmar's price. It's smaller in market cap, has a smaller plantation, smaller area planted and I've not heard of plans to produce biodiesel. |
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bulbideal
Member |
01-Mar-2007 19:03
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Dear zhuge_liang and SJ members, Would it mean that this is downtrend is over react? As such this pricing is a bargain? Would it chase up to and hit Wilmar current pricing ? |
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zhuge_liang
Supreme |
01-Mar-2007 17:44
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One reason could be negative comments from PPB Chairman. He initially suggested a floor price of 1,500 ringgit per tonne, but then backtracked, saying the price of CPO would fall as production rose. Current price is around 1950 ringgit per tonne. More details in the Wilmar thread. Another reason could be that selling accelerated when the IPO price of $1.25 broke. |
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sohguanh
Veteran |
01-Mar-2007 16:15
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This counter very scary last I see got 1.6+ then 1.4+ then today 1.2+ ?!?!?! |
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bulbideal
Member |
01-Mar-2007 16:10
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Hi Guys, Any ideal what happen to this counter? Seem like food posion..... keep dropping. MORE than 10sen a day??? |
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mysingtel
Member |
28-Feb-2007 16:29
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seems to me although the market is crashing, Indo food is still struggling to go up 1.23 to 1.32 (currently). Give it sometime. Food industry is definately good to invest. =) |
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huatchai
Member |
27-Feb-2007 16:49
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need the gurus advice. why this stock suddenly go down so fast if there are no specific news from the co? is this just because of the mkt sentiment? if so, since the co fundamentals are good, can we pick up some more to cost average out? thks. |
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bunbun
Senior |
27-Feb-2007 16:45
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sohguanh, cityspring's backing not small time player. it's by temasek. heavy weight backing, so obviously cannot compare la. and indofood not exactly "new", i think it's from axis is it? |
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sohguanh
Veteran |
27-Feb-2007 16:41
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IndoFood and CitySpring come out ard the same time and what I am seeing is Spore backed stock is more resistant to correction compared to Indonesian stock. Now I know better why some retail investors stay away from Indo stock. I wonder is this generalisation correct? |
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bunbun
Senior |
27-Feb-2007 16:36
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sohguanh, whether now constipation or now, im glad i have gotten rid of it last week when it was $1.60. but if like what u say, need to tua lao, then price can move, then let's see how much downwards the price can slide to. |
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sohguanh
Veteran |
27-Feb-2007 16:22
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Bad tummy-ache but the sai come out already or not? If sai stuck inside no come out, expect the price to slide further down. The sai muz come out and then the body feel shiok so the price can rise. I believe indofood now is in constipation as in wanna sai but sai cannot come out. |
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bunbun
Senior |
27-Feb-2007 16:16
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oh no... indofood having bad tummy-ache. now $1.38. |
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zhuge_liang
Supreme |
27-Feb-2007 13:50
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Soyoil down, crude palm oil will also be down. Indofood is weak; badgered by talks of forced selling. |
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marky27
Member |
22-Feb-2007 00:12
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any impact on this counter with soy price down ? KUALA LUMPUR, Feb 21 - Malaysian crude palm oil futures closed 0.8 percent lower on Wednesday, dragged down by lower prices of rival U.S. soyoil. The benchmark third-month May contract Malaysia Derivatives exchange finished down 16 ringgit at 1,925 ringgit ($551) a tonne. Dealers said higher Malaysian palm oil exports failed to lift prices as the market had anticipated the increase. "It is mainly moving on soyoil which has declined," one dealer said. "Export volumes are moving up but that is something that is expected." Other contracts fell between 6 and 17 ringgit <0#KPO:>. Overall volume stood at 7,284 lots of 25 tonnes each. The third-month contract rose 2.7 percent last week but it was off an eight-year high of 2,062 ringgit reached in December when floods disrupted deliveries. Exports of Malaysian palm oil products for February 1-20 jumped 8.4 percent to 612,057 tonnes from 564,823 tonnes shipped between January 1 and 20, cargo surveyor Intertek Testing Services said. Another surveyor, Societe Generale de Surveillance, said exports during the period rose 5.1 percent to 635,215 tonnes from 604,423 tonnes shipped a month earlier. Chicago Board of Trade March soyoil 0.22 cent lower at 29.69 cents per lb, with the deferred months down 0.10 to 0.20 cent as the drop in crude oil weighed on prices. Malaysian palm oil usually follows the U.S. soyoil market because both commodities are used in products ranging from food and cosmetics to biodiesel. In Malaysia's physical market, crude palm oil for February shipment in the central region was quoted at 1,930/1,935 ringgit per tonne. Trades were done at 1,930 ringgit a tonne. ($1=3.492 ringgit) |
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lucky168
Veteran |
21-Feb-2007 23:41
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unlikely to disappoint due to strong demand for plantation oil, aka Wilmar... |
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bunbun
Senior |
21-Feb-2007 11:54
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dear jeromesong, it will move up, just a matter of when. for me, i have timing constraint.if momentum is like today, within this week, we will see it past 1.63. so, it's more of when today, alot of changing hands between $1.53 - $1.55. |
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jeromesong
Member |
21-Feb-2007 11:07
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thanks teeth53 and zhuge liang. price is moving up now. hopefully above 1.63 soon. still believe the potential of this co. |
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