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Golden Agri-Res
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GoldenAgr
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cutecute16
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26-Jan-2016 21:32
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SINGAPORE (Jan 8): Deutsche Bank is upgrading Golden Agri-Resources to "buy" from "hold" and raising its target to $0.42 from $0.37, saying that the worst is likely over for the palm producer.
Increased demand for palm oil in Indonesia for blending with fuel, and lower supply due to dry weather, has set the stage for a potential rally in crude palm oil prices in the second half of the year, Deutsche Bank says. The bank says it views any weakness in Golden Agri's shares as a buying opportunity. |
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Qanghoo
Supreme |
13-Jan-2016 20:31
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Last three mths, traded as high as 41.5 (Oct 26-28) n low of 31 (Dec 14-15).  Real pump n dump staff.  That' s why  these days, I trade short term. 
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ecekca
Elite |
13-Jan-2016 19:40
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Your recent trade short term cos you say you bot into it recently and sold yesterday? i think this stock trading in a range... it might bounce up tomorrow
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Qanghoo
Supreme |
13-Jan-2016 17:33
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In chng kay land, a stock can trade so bullishly one day n slump to a bear touch the next day.  Yesterday, the palm oil stocks were seemingly on the way up.  Today all down.  IndoA by nearly 5%. 
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Qanghoo
Supreme |
13-Jan-2016 14:58
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Yesterday euphoria, today brought back to Earth.  But CPO px seem stronger in recent wks, n likely to be well supported over next 12 mths cos of extreme weather.  Seems these few days down though, dragged by sinkng crude oil px.  But may possibly revisit RM3k in next 12 mths.  Then GA px cld maybe go back to 50c+.  I bought into it recently, but sold yesterday when px seemed firmer.  These days, best is to just trade for cup of  kopi-o. 
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ecekca
Elite |
13-Jan-2016 12:50
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QOQ Rev down 14% Net Profit down 59% CPO FOB price down 14% i reckon all palm oil companies getting hit ... FA will be deteoriating
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spore1
Supreme |
12-Jan-2016 23:45
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Golden Agri is looking good to head futher North. http://sporeshare.blog   spot.sg/2016/01/golden-agri.html |
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Qanghoo
Supreme |
12-Jan-2016 22:45
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If I recall correctly,  latest qtrly rpt shows stronger profit than previous corresponding qtr.  Anyway, from piecing of bits of info from here n there, seems that palm oil px looks bullish due to strong EN, but appear capped by the turmoil in the financial mkts.  N by the way, not sure if anyone noticed that there seemed to be much lower rainfall during the current NE Monsoon season than usual.  Jan in spore supposed to be a very cold mth.  But its so hot.  Where I live, seems not to have experienced any rain for the last ten days at least, except for  some sporadic drizzle yesterday.  It bodes for some support for palm oil coys such as GA, IA, etc. 
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narsal
Member |
12-Jan-2016 21:43
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how is the FA of this company? seems still making profit but just lesser profit? |
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Qanghoo
Supreme |
07-Jan-2016 22:19
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According to media report today, palm oil inventories are lower in Malaysia.  The very strong  EN is a contributing factor.  So, CPO px slightly more bullish.  Problem is demand seems very weak too. 
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buysellbuysell
Master |
07-Jan-2016 22:14
Yells: "someone please sell down low so that others can buy low" |
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0.2x |
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polarinda
Master |
04-Jan-2016 20:57
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support 31 |
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ecekca
Elite |
04-Jan-2016 19:09
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28.5 is their support.. but heading south |
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Qanghoo
Supreme |
14-Dec-2015 12:11
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Maybe next wk will < 30.  Soya beans down, palm oil px hard to up. 
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latebird
Member |
14-Dec-2015 12:06
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Anyone queuing at 30 cents or 29 cents? | ||||
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Qanghoo
Supreme |
11-Dec-2015 06:41
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Likely just a case of pump n dump.  Barely in early Nov suddenly got pumped from low 30s to low 40s.  Now reverse gear.  Good to keep on radar if goes lower. 
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ecekca
Elite |
10-Dec-2015 22:45
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but GGR profit is dropping too...investors are selling i thinl
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KiLrOy
Elite |
10-Dec-2015 22:39
Yells: "I buy only what I can see." |
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palm oil is used to cook your instant noodle.   check out the packaging ingredient on it. |
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Qanghoo
Supreme |
10-Dec-2015 21:10
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Maybe, but palm oil is used in so many things.  Maybe even without the PRC demand global demand cld increase, especially if the outlook in Eurrope brightens. 
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Ray12888
Veteran |
10-Dec-2015 19:49
Yells: "MoneyInTheChart com / blog" |
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The other factor is demand for commodity from china is dropping. Decrease in supply Vs decrease in demand.    |
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