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Golden Agri-Res
Last:0.28
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GoldenAgr
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AhLiang
Elite |
25-Jul-2019 16:13
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This morning saw a lot of shortings at 0.305. Really hats-off to them. | ||||
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AhLiang
Elite |
25-Jul-2019 09:23
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Palm oil bull run has started and will last for the next few years. Read Palm Oil news! | ||||
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AhLiang
Elite |
24-Jul-2019 20:13
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So the flushing continued this week. But I think no more from tomorrow. | ||||
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pasttime
Supreme |
22-Jul-2019 07:13
Yells: "gold silver are real money. not others iou." |
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i buy normally at lower price. it does move up/down with volume. looking to buy but not yet. |
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AhLiang
Elite |
21-Jul-2019 11:01
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The flushing at 0.295 was scary and went on non-stop for 5 days. I think many got flushed out (but with profits if they have bought below 0.295). Not many are vested below 0.30 now I suppose.
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AhLiang
Elite |
20-Jul-2019 21:50
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I think that was in Malaysia. They switched to durain planting. But now even durain prices are dirt cheap. BTW GAR has plantations in Africa. When prices are low, volume will compensate as long as it is profitable to sell. But if it is not profitable to sell or selling at a loss, volume will kill the company. GAR has a guaranteed Indonesian market and a large China market. I know one Singaporean who nearly went bankrupt when he produced bolts and nuts in Tuas until he switched his factory and opened his market in Indonesia. Hyflux sold water at a loss and ended up its present situation. Uber was charging $5 per trip to anywhere in Singapore and lost its pants and have to sell to Grab. The GM is now in charge of a kitchen.
For this counter, I don't care about the CPO prices and what the analysts say. Indonesians especially the siper-rich are discreet people. But the share prices of their companies tell all. GAR has risen nearly 1/3 from its low of 0.22.
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AhLiang
Elite |
20-Jul-2019 15:59
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Greetings to you too Pasttime. Did you get flushed out during the last 5 days of fierce flushing?
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Qanghoo
Supreme |
20-Jul-2019 12:38
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I recall reading recently planters switching to other profitable cash crops.  If it goes well, it cld well shore up COP px a bit.  Maybe in Indo, including GA, they cld already be doing the same too.  But appears that other new mkt entrants are jostling in from Africa.  So, I' ve become extremely cautious abt CPO px recovery in the near n medium term.
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pasttime
Supreme |
20-Jul-2019 08:25
Yells: "gold silver are real money. not others iou." |
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AHLiang, greetings. this stock is good to buy at low.  a very large palm oil company. maybe when china buy less soya they can buy more palm. i always wonder if they can leave more gap between their palm trees and do dairy farming as well. is it possible. like padi farmaer now keep fish and tiger prawn |
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AhLiang
Elite |
20-Jul-2019 05:49
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Ya lor like talking to cows don't talk better.
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Trexxx
Veteran |
19-Jul-2019 21:58
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this forum more swing traders, so don?t hope for a reply | ||||
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AhLiang
Elite |
19-Jul-2019 18:27
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喂 。 。 喂 。 。 有 人 在 吗 ? | ||||
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AhLiang
Elite |
14-Jul-2019 12:55
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On share price : I think 0.30 has turned to be support and it will slowly but surely move up from here.
Privatisation is highly unlikely with the latest change of SGX's rules. |
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AhLiang
Elite |
14-Jul-2019 12:38
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Correction : 6% but not 4% of Indonesia's population depend on palm oil for their livelihood. | ||||
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AhLiang
Elite |
14-Jul-2019 11:35
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CNA and Business Times reported last Friday night : ' Indonesia President Vows to Fight EU Palm Oil Rules'.
And the President said he has nothing to fear because this is his last term. He cited also lowering corporate tax, easing labour law and lifting of foreign ownership as policies in plan during the Bloomberg interview. Other data revealed from the horse's mouth : Palm oil being the strategic commodity of Indonesia contributes to 4% of the country's GDP. 16 million Indonesians are working directly in this business. Four percent of the country's population are depending on palm oil for their livelihood. This is why I said GAR being the largest Indonesian palm oil company will not die. |
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AhLiang
Elite |
13-Jul-2019 11:40
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Hello Hello anybody home? | ||||
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AhLiang
Elite |
04-Jul-2019 06:59
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I believe many people had missed the opportunity to own this counter shares below 0.30 because they believed what those 'analysts' told them. And they threw the last single share they found in their drawers at 0.275 because the highest target price given by these 'analysts' were 0.28 (by OCBC). One broking house even gave 0.15 but short of stating that this might happen only in a full-blown global recession. Others gave 0.23. My Enlist teacer gave 0.255 and below. Why? I don't know. | ||||
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AhLiang
Elite |
03-Jul-2019 06:45
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It is going to stand firm above 0.30, maybe already. I don't expect the third richest family to sit on a mountain of toilet papers for too long. | ||||
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Qanghoo
Supreme |
01-Jul-2019 15:26
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In my view, CPO is getting some respite form the trade truce.  Whether it' d wld hold nd there' d is another qn.  For now though, let' s enjoy the breathing space availed by duckie' s sedated mood. 
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AhLiang
Elite |
01-Jul-2019 15:20
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When the idealists are still arguing about the bearish palm oil prices, the 30 defence line is already broken. | ||||
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