SINGAPORE, Feb 2 (Reuters) - Credit Suisse has raised its target price for Singapore-listed palm oil firm Indofood Agri Resources Ltd to S$1.63 from S$1.40 and maintained its neutral rating.
By 0331 GMT, shares of Indofood Agri were 1.7 percent higher at S$1.47 and have gained about 17 percent since the start of the year.
STATEMENT:
Credit Suisse said it has raised its earnings per share estimates for Indofood Agri by 21 percent in 2012 and 16 percent in 2013, to reflect its expectations of higher palm oil prices in the next two years.
Indonesia's new crude palm oil export tax has made the country's upstream companies have higher earnings sensitivity to a change in palm oil prices, Credit Suisse said.
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Indofood Agri Resources
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Sgshares
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24-May-2012 16:21
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tmr will go doen below 1.2 | ||||
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dgcycle
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24-May-2012 16:19
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he is shorting..
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oldflyingfox
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24-May-2012 16:17
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Stop-loss higher than your entry price? | ||||
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alexchia01
Elite |
24-May-2012 11:12
Yells: "Catch The Stars And Ride With Them" |
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I think can short IndoAgri today. Entry: $1.255 – $1.240 Stop-Loss: $1.320 More on my Blog at Alex Trades. Good luck. |
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dennisb
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05-Apr-2012 16:02
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next target = 1.58 | ||||
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JUNWEI9756
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30-Mar-2012 14:20
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love love…. lol | ||||
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sgnewbie
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09-Mar-2012 09:22
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CIMB on regional plantation http://sg-shares.blogspot.com/2012/03/regional-plantations.html |
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sgnewbie
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01-Mar-2012 09:19
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Kim Eng on 1 Mar http://sg-shares.blogspot.com/2012/03/indofood-agri-resources.html |
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ozone2002
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03-Feb-2012 15:01
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TA ALERT! 3 Feb 2012 Indofood Agri Resources – Bullish breakout on heavy volume Indofood Agri Resources has finally initiated a strong bullish breakout above the key S$1.50 resistance and 200-DMA on heavy volume this morning this following a recent failed attempt. The price action suggests that the counter could see further recovery towards the next key resistance at $1.70 in the weeks ahead the subsequent resistance is pegged at $1.88. With the MACD still trending up steadily at the moment, it too suggests that the upside momentum is building up now. Meanwhile, $1.50 is now the newly established key resistance-turned-support, with the subsequent support level pegged at $1.25.Resistances and Supports 2nd resistance$1.88Key support-turned-resistance 1st resistance$1.70Peak in Aug ‘11 Current Price$1.55 1st support$1.50Key resistance-turned-support 2nd support$1.25Trough in Dec '11 |
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ozone2002
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03-Feb-2012 09:26
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sold ...1.5!! :)...yeah! free contra & $$..i like!
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ozone2002
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02-Feb-2012 14:21
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chiong!!! :) Q 1.5 to sell
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ozone2002
Supreme |
02-Feb-2012 12:01
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RESEARCH ALERT-Credit Suisse ups Indofood Agri target price Reuters – 19 minutes ago
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susan66
Elite |
12-Jan-2012 10:27
Yells: "Hope is in the Future, huat together!" |
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Wow, explosive today, entered at $1.34 waited 1 week, finally move faster! 
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