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Wilmar - Watch for a Strong Rally to Come!
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gold123
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20-Jan-2014 08:08
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wilmar may go further down..
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Lucky03
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20-Jan-2014 01:12
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Extreme Weather Wreaking Havoc on Food as Farmers Suffer
By Brian K. Sullivan, Elizabeth Campbell and Rudy Ruitenberg January 17, 2014 7:49 AM EST Extreme Weather Wreaks Havoc on Food Volatile weather around the world is taking farmers on a wild ride. Too much rain in northern China damaged crops in May, three years after too little rain turned the world?s second-biggest corn producer into a net importer of the grain. Dry weather in the U.S. will cut beef output from the world?s biggest producer to the lowest level since 1994, following 2013?s bumper corn crop, which pushed America?s inventory up 30 percent. U.K. farmers couldn?t plant in muddy fields after the second-wettest year on record in 2012 dented the nation?s wheat production. Graphic: Living With Extreme Weather ?Extreme weather events are a massive risk to agriculture,? said Peter Kendall, president of the U.K. National Farmers Union, who raises 1,600 hectares (3,953 acres) of grain crops in Bedfordshire, England. ?Farmers can adapt to gradual temperature increases, but extreme weather events have the potential to completely undermine production. It could be drought, it could be too much rain, it could be extreme heat at the wrong time. It?s the extreme that does the damage.? Farm ministers from around the world are gathering in Berlin tomorrow to discuss climate change and food production at an annual agricultural forum, with a joint statement planned after the meeting. Arctic Invasion Fast-changing weather patterns, such as the invasion of Arctic air that pushed the mercury in New York from an unseasonably warm 55 degrees Fahrenheit (13 Celsius) on Jan. 6 to a record low of 4 (minus 16) the next day, will only become more commonplace, according to the New York-based Insurance Information Institute. While the world produces enough to provide its 7 billion people with roughly 2,700 calories daily, and hunger across the globe is declining, one in eight people still don?t get enough to eat, some of which can be blamed on drought, the United Nations said. Related:Why Is It So Cold? The Polar Vortex, Explained ?There?s no question, while there?s variability and volatility from year to year, the number and the cost of catastrophic weather events is on the rise, not just in the U.S., but on a global scale,? said Robert Hartwig, an economist and president of the insurance institute. ?It?s all but certain that the size and the magnitude and the frequency of disaster losses in the future is going to be larger than what we see today.? The number of weather events and earthquakes resulting in insured losses climbed last year to 880, 40 percent higher than the average of the last 30 years, according to Munich Re, the world?s largest reinsurer. More Precipitation Research points to a culprit: an increase in greenhouse gases, generated by human activity, that are forcing global temperatures upward, said Thomas Peterson, principal scientist at the U.S. National Climatic Data Center in Asheville, North Carolina. The warmer the air the more water it can hold, he said. ?What we?re finding worldwide is that heavy precipitation is increasing,? Peterson said. Flood waters in Passau, Germany, in May and June reached the highest level since 1501, Munich Re said. That was the year Michelangelo first put a chisel to the block of marble that would become his sculpture of David. High water did $15.2 billion in damage in parts of Central and Eastern Europe, according to Munich Re. A July hailstorm in Reutlingen, Germany, led to $3.7 billion in insured losses, according to Munich Re. Hailstones the size of babies? fists cracked the windshield of Marco Kaschuba?s Peugeot. ?Two minutes before the storm started you could already hear a very loud noise,? said Kaschuba, a 33-year-old photographer. ?That was from hailstones hitting the ground in the distance and coming closer.? In 2012, the U.K. had its second-highest rainfall going back to 1910, according to the U.K. Met Office. England and Wales had its third-wettest year since 1766. Israeli Blizzard December marked the worst blizzard since 1953 in Jerusalem, dumping 15 inches (38 centimeters) of snow on Israel?s capital, where more than 4,000 people were rescued from their vehicles, according to police. ?It was like a neutron bomb hit,? said Eilon Schwartz, 56, an environmental activist living in Tel Aviv who had taken his 11-year-old daughter to play in the snow with friends. ?All these cars marooned in the snow and no people.? December was also Norway?s wettest month in history, according to weather service YR. Rainfall last year in the contiguous U.S. was 7 percent higher than the 20th century average, according to the National Oceanic and Atmospheric Administration. Yet it was difficult to draw broad conclusions because of regional variations. Michigan and North Dakota set records for wetness, while California set its own for lack of rain, NOAA said. China Cold Other weather phenomena were similarly topsy-turvy. China shivered through its coldest winter in at least half a century in 2010. Three years later, Shanghai was suffocated by its hottest summer in 140 years, according to the city?s weather bureau. Record flooding hit the Mississippi River in 2011. The next year, record-low water levels stranded barges, choking the flow of coal, chemicals and wheat. Such fluctuations were reflected in food prices. In the past three years, orange juice, corn, wheat, soybean meal and sugar were five of the top eight most volatile commodities, according to data on 34 compiled by Bloomberg. Natural gas was No. 1. While the percentage of the world?s people who go hungry has fallen to 12 percent last year from 19 percent in 1992, and food inflation is ebbing, farming is vulnerable to the extreme weather that comes with climate change, according to the UN. Price Fluctuations Record harvests from India to Brazil to the U.S. expanded supply and sent corn, soybeans, wheat, sugar and coffee into markets where prices were falling. The Standard & Poor?s GSCI Agriculture Index of eight crops tumbled 22 percent last year, the biggest annual drop since 1981. The gauge is down 0.8 percent in 2014. Yet higher food costs pushed 44 million people into poverty from June 2010 to February 2011, the World Bank estimated. The three years in the past two decades when global food costs were highest all occurred after 2007, according to the UN. Historic drought on four continents over the last five years is partly to blame. ?A drought is really all-consuming,? said northeast Texas rancher Phil Sadler. ?It doesn?t necessarily have to be on your place to feel the impact.? Texan Drought The record Texas dry spell in 2011 was followed the next year by the most severe drought in the U.S. Midwest since the Dust Bowl of the 1930s. Texas cattle herds dwindled, driving the price of beef to a record in the U.S., the world?s biggest producer. As of the beginning of last year, ranchers in Texas had reduced their herds to the smallest since 1967, according to the Agriculture Department. The U.S. herd has shrunk for six straight years and last year was at its smallest since 1952, government data show. ?We had to liquidate our herd in order to be able to take care of what we had left,? Sadler said. Even as rain returned to Texas in 2012, the problems weren?t over for ranchers such as Sadler. The Midwest drought boosted prices of corn and soybeans, used for feed, to all-time highs. The 2011 drought caused a record $7.62 billion in farm losses in Texas, including $3.23 billion for livestock producers, according to Texas A&M University?s AgriLife Extension Service in College Station. Russia suffered its worst dry period in at least 50 years in 2010 and two years later lost about 25 percent of its grain harvest in another dry spell, according to the country?s Grain Producers Union. Powdered Milk Authorities declared a drought in 2013 across the entire North Island of New Zealand, the world?s biggest dairy exporter, as some areas were the driest in as many as 70 years, according to the government. That pushed the price of whole-milk powder to a record in April last year at Fonterra Cooperative Group Ltd?s GlobalDairyTrade auction. In 2012, Spain had its driest winter and second-driest summer since at least 1947, cutting olive oil and wine volumes to the lowest in at least a decade. A temperature of 110 degrees in Melbourne halted tennis matches yesterday at the Australian Open. The violent ups and downs of the weather in the last few years have vexed agricultural producers, said Ross Burnett, who farms cotton in the northeastern Australian state of Queensland. A drought there, in the country?s biggest sugar- and beef-producing region, follows flooding in 2010 and 2011 so bad it stopped the steady rise of sea levels around the world, according to the U.S. National Center for Atmospheric Research. ?The variability is the most difficult part of it,? Burnett said. ?It?s difficult given it can change overnight.? |
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MetalTrader
Master |
20-Jan-2014 00:32
Yells: "Let Your Ignorance Be Shown Tomorrow! ~ PredictorX" |
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1) Wilmar (Track Record) 19 Nov Afternoon- Market was at $3.63. I boldy predicted Wilmar will fall below $3.63, from this speculative price, in which shareholders only bought at $3, and anything above $3.15 is a speculative amount. Market closed at $3.62. [I warned that market momentum moving well far $3, and into speculative price of $3.15. The market is bound to suffer a major drop in weeks to come despite naive people insisted on uptrend] 20 Nov- Market fall to $3.52. (The first fall and significant losses of $0.11) On 20 Nov closing: I predicted that there will be several downfalls beneath $3.52. The downfall will continue with a bigger drop awaiting. 21 Nov- Market fall to $3.48 22 Nov- Market rises to $3.55 23 & 24 Nov- I foresee several tornadoes below the " current speculated price" , & dark clouds awaiting. The downtrend is gathering significant speculated buyers, before it move downwards significantly. 25 Nov- Market closed $3.59 I saw a very high risk at current level. 26 Nov- Market closed $3.58 (a point lower) 27 Nov- Market closed $3.55 (3 point lower) 28 Nov- Market closed $3.58 Forecast 28 Nov: Very weak pressure to move up & a big downfall is awaiting. Continued updating Prediction after taking a break... 3 Dec- Market closed $3.53. I forecasted a steep drop. 4 Dec- Market closed $3.50 5 Dec- Market closed $3.47 6 Dec- Market closed $3.48 Closed prediction on 8 Dec 24 Dec before market open- Market was at $3.37. I predicted that a high uptrend remains unlikely, with only a bit uptrend while a downtrend remains likely. 24 Dec closing- Market closed at $3.39 (a bit uptrend fulfilled) , with a downtrend remains awaiting 26 Dec closing- Market closed at $3.40 27 Dec Closing- Market closed at $3.40 (without any movement) 30 Dec Closing- Market closed at $3.40 (without any movement) Closed prediction on 30 Dec 12 Jan- Market closed at $3.35 (Market proved to be realized downtrend as predicted- Fulfilled) 12 Jan- Market was at $3.35. I predicted the downtrend will continue. Out of my prediction, only 1 out of 3 tornadoes surfaced. There are 2 more tornadoes under current price of $3.35. Current price of $3.35 remains at high risk, whereby slowing economy & low commodity prices will continue to impact Wilmar price. The 2nd fall will be Wilmar reaching $3.25 point & below 13 Jan- Market closed at $3.31. 14 Jan- Market closed at $3.25. (2nd fall reaching $3.25 realized) After market closed- I predicted the 2nd Tornado had not been completed (Current price is still within 2nd Tornado Phrase), & further downside ahead. When 3rd Tornado surfaced, it will be unthinkable. 15 Jan- Market closed at $3.27. 16 Jan- Market closed at $3.25. Prediction Ended 17 Jan- Market closed at $3.27 20 Jan b4 market open- I predict that Wilmar Price remains at a risk, downtrend will still continue. (low commodity prices will continue to impact Wilmar price) |
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Lucky03
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19-Jan-2014 10:14
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Manu Bhaskaran: Blowout global growth on the cards
Monday, 13 January 2014 © 2014 - The Edge Singapore |
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Lucky03
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18-Jan-2014 22:43
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Kenanga Research analyst Alan Lim said the inventory uptrend should have ended, which bodes well for CPO prices. The January inventory is expected to decline by 2% month-on-month to 1.95 million tonnes.
?On the supply side, we have assumed a 16% decline month-on-month to 1.4 million tonnes in line with the seasonal trend. On the demand side, exports should slip 15% to 1.28 million tonnes due to the very cold winter in the northern hemisphere, as palm oil is used less in cold temperatures. ?Overall, the expected first inventory downtick in five months would be positive for CPO prices.? Lim pointed out that Malaysia?s palm oil import from Indonesia last December remained very low at 24,574 tonnes, or 72% lower year-on-year, a sign that Indonesia was committed in implementing its biodiesel plan. In the long run, the biodiesel plan, which has spurred higher domestic palm oil usage, thus curbing its export and lessening the export competition with Malaysia, is positive to CPO prices and benefits both countries. To that, Public Invest Research sector analyst Chong Hoe Leong concurred: ?We see a better CPO outlook this year, premised on better domestic biodiesel consumption in Indonesia and Malaysia, which would help keep inventories at a comfortable level.? Chong believes in a stronger CPO price performance in the first half due to tight inventories before weakening slightly in the second. ?Our 2014 CPO price forecast is RM2,750 per tonne.? Palm oil inventories closed at 1.98 million tonnes for 2013, the lowest level since 2010, while CPO prices averaged at RM2,435 per tonne in 2013, 17% lower compared with RM2,935 per tonne in 2012. Hwang-DBS Vickers Research also believes that investors should wait for value to emerge within the plantation sector, although it is a good time to seek out laggard palm oil counters. ?We believe palm oil prices and regional plantation stocks remain in correction mode. However, in our view, palm oil prices may be close to bottoming.? |
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Lucky03
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18-Jan-2014 22:37
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This is probably one of the more objective and factual report.
Site Last Updated 6:01 pm, Saturday seeds.theborneopost.com Home - Business CPO price rally to cool following 1Q14 Posted on December 30, 2013, Monday EXPECTED TO DECLINE: However, as per seasonality in 1Q, CPO production is expected to decline and prices might trend towards the RM2,800 per mt levels as inventories dip to 1.7 million mt. ? Reuters photo KUCHING: While crude palm oil (CPO) prices are expected to be buoyant going into 2014, the price rally is likely to cool following the first quarter of 2014 (1Q14) as the oilseed industry is expected to be well supplied. According to Alliance Research Sdn Bhd (Alliance Research), regarding CPO prices next year, as inventories have come off to more favourable levels over the course of 2013 and will likely close the year around two million mt, compared to 2.63 million mt at end 2012, the prices are expected to stay fairly buoyant going into 1Q14. However, as per seasonality in 1Q, CPO production is expected to decline and prices might trend towards the RM2,800 per mt levels as inventories dip to 1.7 million mt. ?That said, we do not expect CPO prices to trend into the RM2,800-3,000mt range but instead taper back down as the export scenario going into 2014 is weak,? Alliance Research said. The soybean market and other competing oils like rape seed oil and sun oil are forecasted to be well supplied in 2014 as weather has been favourable for crops. This will reduce overall dependence on palm oil in 2014. ?Coupled with our overall higher palm oil production outlook going forward, this development will be price negative,? it added. However, it still sees average prices in 2014 to be higher than 2013 as biodiesel production could help lend support to prices and keep inventories manageable. It should be noted that biodiesel mandates, if fully executed, will take up to four million mt out of Malaysian (up to one million mt) and Indonesian (up to three million mt) CPO inventories. ?Malaysia hopes to have a full B5 rollout by July 2014, and Indonesia is planning to step up to B10 from B7.5,? the research house highlighted. Generally, 2013 has been a challenging year for the plantation industry, with CPO prices averaging below RM2,400 per metric tonne (mt) up to end November 2013. ?Sluggish prices during the year were largely due to a record high inventory at end December 2012 which took time to clear as production was exceptionally strong in 1H13, and sluggish exports which, although higher year on year (y-o-y), did not manage to keep up with the strong production,? the research house noted. In fact, it was the stronger domestic consumption during the year which helped to bring inventories to a low of 1.65 million mt in July. However, since July, the weaker exports have pushed inventories back up to 1.98 million mt at as end November 2013. Overall, Alliance Research goes into 2014 with a ?neutral? stance on the sector despite that it expects CPO prices to average roughly RM200 per mt higher than 2013 at RM2,600 per mt. ?Upward re-rating catalysts to our ?neutral? call would be if CPO prices surprise on the upside. ?This could be due to potential weather threats emerging in 2014, shortage in competing oilseeds, regulatory changes which are in favour of palm oil consumption, and a severe tree stress phenomenon like that of 2010 where industry wide production declined,? it noted. Read more: http://www.theborneopost.com/2013/12/30/cpo-price-rally-to-cool-following-1q14/#ixzz2qlDMbMy3 |
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Lucky03
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18-Jan-2014 22:25
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Report: Palm oil producers to enjoy higher selling price
December 23, 2013 by: The Malaysian Reserve by Sathish Govind PETALING JAYA: Malaysian palm oil producers are expected to enjoy higher selling price for their palm products, lower fertiliser costs and slower rise in labour costs next year, CIMB Investment Bank Bhd said in its research report ?Navigating Malaysia 2014?. The investment bank, in a report dated Dec 10, said the successful execution of the higher biodiesel mandate in Indonesia and firmer crude oil prices (CPO) hold the key to further rise in CPO price. CIMB forecast the average market price of CPO to rise by 12% in 2014 to US$950 (RM3,122) per tonne, fuelled by lower palm oil stockpiles, higher biodiesel demand from Malaysia and Indonesia as well strong consumption due to an improving global economy. The investment bank said CPO price is also expected to rise due to expectations of a weaker ringgit against the greenback. It said planters are also set to enjoy lower fertiliser costs following the break-up of the cartel for potash, a key fertiliser input for estates. ?Since the cartel broke up, the average potash price has fallen 23% year-on-year (YoY) to US$307 per tonne in third-quarter (3Q) 2013.? CIMB believes Indonesia plans to raise its biodiesel mandate to 10% starting Jan 1, 2014. ?This has led Pertamina to call for tender for 6.6 million km of biodiesel for 2014 and 2015. ?If successfully executed, it could boost near-term CPO prices if the incremental palm oil supply is not sufficient to cover the sudden spike in demand to meet the higher biodiesel blend,? the report said. CIMB expects to see major changes in the corporate structure of several plantation companies. ?Felda Global Ventures Holdings Bhd will be able to fully consolidate the earnings of its downstream businesses when it completes the takeover of Felda Holdings Bhd,? slated by end of this year. IOI Corp Bhd will become a pure CPO play when its proposal to demerge and separately list property arm is completed sometime in January 2014. The demerger exercises which will unlock the value of its property unit and allow investors to participate directly into its core business. CIMB has target price of RM5.96 for the stock. On Sime Darby Bhd, CIMB said it offers the lowest price to earning multiple among the key-big planters in Malaysia and has indicated its interest in listing its Indonesia plantation assets to grow its businesses. However CIMB said the positives about Sime?s plantations business are offset by the more challenging operating environment facing its non-plantation businesses. The target price for the stock is RM10.13. This content is provided by FMT content provider The Malaysian Reserve |
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Lucky03
Elite |
18-Jan-2014 20:57
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Saturday, January 18, 2014, 08.16 PM RSS MOBILE EMAIL ALERT WIDGET DIGITAL EDITION Home Today's Paper IPO Watch Market Data Industries News List Most Popular EReports Blogs Subscription Archive Email Us Feedback Home » ourpick Upbeat outlook on CPO prices Published: 2014/01/14 CURRENCY CONVERTER LARGER TYPE SMALLER TYPE TOOLS DICTIONARY : THESAURUS : BETTER DAYS AHEAD: RHB Research says easing inventory, production weakness and surging demand bode well for sector RHB Research Institute is positive on crude palm oil (CPO) prices as Malaysia?s palm oil stockpile only rose marginally to 1.9 million tonnes in December last year, which is likely to be the seasonal peak and could see inventory easing in the months ahead ? providing a lift for prices. In its research report, RHB Research said Malaysia?s palm oil inventory ended at 1.9 million tonnes last year, which is sharply lower vis-à-vis end-2012 as export growth outstripped production growth and local consumption surged during the year. ?Prices have softened and palm oil prices have retraced in the past two weeks as Indonesia?s mandatory biodiesel programme encountered hiccups due to pricing issues with Pertamina (Indonesia?s national oil and gas company), only managing to secure 18 per cent of the three million tonnes of biodiesel supply that is required,? RHB Research said in giving the sector an ?overweight? recommendation. Indonesia and Malaysia are the world?s top two oil palm producers. It said production weakness was more apparent in the second quarter and it believes that palm oil prices will strengthen progressively throughout this year due to lacklustre production in Indonesia, as a result of rainfall deficit over the past two years. ?We believe more price strength will be seen in the second quarter as production weakness becomes more apparent, and the weak first-quarter production is likely to be perceived as seasonal in nature.? It added that India?s import tax for refined edible oil from 7.5 per cent to 10 per cent will have a neutral impact and will only cause a switch from refined to crude products. Tax for crude edible oil has remained unchanged. ?We view the price pullback as temporary and as providing a buying opportunity. ?The main stumbling block for palm oil prices to charge higher at this point in time is the relatively narrow discount to soyabean oil at US$65 per tonne (RM211.9). On the flipside, this also means there is a US$65 upside for palm oil prices before it comes to parity against soyabean oil price. As we have seen in 2009 and 2010, poor palm oil production will lead to parity price against soyabean oil. |
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earlybird14
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18-Jan-2014 17:29
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Palm oil is different with soy oil. Palm oil supply is stable. One palm farm is with 30 years cycle， strong supply is between 5 to 20 years.
Soybean is 1 year plant, if oversupply, can plant less in next year. Palm oil stable supply imply long term oversupply risk and palm oil price may not recover easily. So, I believe low palm oil price is just a start in last year and may get worst in coming year since defrostation and plantation in Indonesia and eastern Malaysia are still on going, Wilmar even consider to plant in africa. |
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earlybird14
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18-Jan-2014 17:11
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Soybean and corn mainly plant in south path in US, only plant in spring to autumn period in north path in US.
2012 was bad in harvest due to mild winter and hot summer and lacking of water. 2013 was very good in harvest due to cold winter and mild summer and has sufficient of water 2014 so far as we know l, it is a cold winter with super storm, key is on if it will be a hot summer with insufficient water, if it follow 2013, it will be another harvest year. Price was too good to those farmer in 2012, therefore they planted a lot in 2013. In 2014, although price is soften but still a good price, so they will plant a lot as well. What make CPO price lower, one of the reason is due to good price in the past turn a lot of jungle in Indonesia to palm farm and also a lot of rubber estate in Malaysian to palm farm. After 3 years, all these palm tree start to harvest and stockpile increase. What happen in commodity no matter in metal or food are the same. Over estimate the demand and increase the supply hugely and result in oversupply. After 2011, china, India, Brazil and Russia growth is slow down, especially china, these impact all commodity market. I used to believe commodity will be back soon but I was wrong till end of last year, this year data tell me, it will be worse for another year. Supply is still there, nobody want to give up their market share and keep on meeting or over meeting the demand. Price has to go even lower to make more shaken out, bankruptcy and merging which we may see in 2014 and 2015 soon.
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Lim1288
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18-Jan-2014 17:06
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Walau eh! Why suddenly see so many Limpeh postings ? I had consulted my lawyer and he confirmed that I am the Bona Fide Limpeh. Limpeh double confirm and will not repeat, Limpeh is the One and Only one. Not say I never share hor! Share with you what is Bona Fide:- bo·na fideadjective \ˈ bō -nə -ˌ fī d, ˈ bä- ˌ bō -nə -ˈ fī -dē , -ˈ fī -də \ : real or genuine
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Lucky03
Elite |
18-Jan-2014 15:37
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Ok. Will track CPO price at this site http://www.palmoilhq.com/palm-oil-prices/
Last traded price was RM$2528 and US$766. If last year Jan also see prices depressed, then it may be seasonal and based on trend, 2013 was better than 2012. Let's see 2014. The weather has been rather erratic and getting worst with US experiencing near North Pole temperature this winter so harvest can be quite unpredictable.
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Lucky03
Elite |
18-Jan-2014 15:33
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marubozu1688
Master |
18-Jan-2014 14:54
Yells: "Be humble in front of Mr. Market." |
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Wilmar still cannot get above the 200D SMA resistance 3 sessions after breakdown. Still weak!
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earlybird14
Supreme |
18-Jan-2014 14:12
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Wilmar may break 3 dollar. Last year same period, Wilmar reported good 4th quarter report also could not prevent share price dropping down when CPO price was sinking.
CPO was touching below 2500 last week, if the downtrend is continue and move below, even Wilmar report better result, also can't prevent the fall. This time may fall below 2300 level or lower. Wilmar may really break through 3 dollar. |
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earlybird14
Supreme |
18-Jan-2014 14:00
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But as you known, share price is not reflecting a company actual value. It is manipulated by hedge fund and speculating. Company as big as Wilmar, is on one of the biggest foreign hedge fund hand. Speculating.
Present market trend is weak commodity trend, no matter, metal or food all are under low price pressure. Trading against this trend is not possible. Wilmar share price shall trade between 3.2 to 3.6 level. Sugar price is at record low. China soymeal and soy oil demand has been filled in past few month, soybean from South America has reached port, supply meet the demand, soymeal and oil price dropping, the crush margin is negative now and getting worst. CPO price which was pumped up 2600 level due to speculating of low supply of CPO due to bad weather in last month are proven is fault with increasing of stockpile in this few weeks. Low soy bean and corn price are going to pressure CPO price further. Last year, when soybean and corn were at high price due to supply shortage, CPO was with high stock and price trade below 2400. I bearish the prospect of CPO in 2014, based on present situation of oversupply of soybean and corn in US. Some expert said, weather was good for North America, it will be good for South America. North export soybean in 1H and south export in 2H. Once south bean announce harvest in March to June period, you will see same thing happen again in last year, CPO trade between 2200 to 2300 level( May be even worst).
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Lucky03
Elite |
18-Jan-2014 13:11
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Actually, if capital permits, it is a better time to make acquisition of those with long term potential when times is not so good than when the economy recovery is firmly in place and assess are relatively much more expensive.
Wilmar?s R&D work takes place in China, Singapore, Malaysia, Indonesia, India, Vietnam, Russia and Germany. Our R&D efforts aim to improve current processing technology and products, develop green and white biotechnology, and create new product concepts that support healthy living.
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Lucky03
Elite |
18-Jan-2014 13:03
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I'm looking at whether this is a long mid term investment - about a year. | ||||
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earlybird14
Supreme |
18-Jan-2014 12:25
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Wilmar has done massive business expansion in the past 2 years, especially sugar division.
Once the industry is recovered, Wilmar is the top choice. But time being, sideline and move money to other potential stock better. |
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earlybird14
Supreme |
18-Jan-2014 11:53
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What you mention is future and not materialise yet. Share price is reflecting short term business trend.
Short term face are. Sugar are redundant in us, brazil, India, Australia. Soybean and corn are also a lot in south and North America. Palm oil stock pile is increasing. Sugar, soybean and corn price are dropping, CPO dropping too. The facts are all above can turn to biofuel but they are all dropping. Let get back their main market human consumption. Among, corn, soybean, sunflower and palm oil, palm oil is the most unwanted due to healthy issue. Therefore, Wilmar price is dropping and this is the facts. Investor Can bet for long term. But short term is for shorting player. They can short to the price they are happy with based on short term prospect. All the best to who vested. Earlybird just share only.
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