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Golden Agri-Res
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GoldenAgr
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earlybird14
Supreme |
30-Jul-2015 17:33
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I my opinion, 60 to 80 cents will never be hit. The net profit achieved in the past was due to good CPO price and Biological asset gain. Golden Agri is not able to record biological asset gain anymore which was the one time gain in that period for all her Palm tree plantation. Even EN come in cause supply issue, CPO back to highest level, Golden Agri will not be able to record the same profit anymore. The biological asset gain which was recorded in the past will be a time bom to Golden Agri if it will be made used by shortsellers like Iceberg or muddy water.  So, i won' t be surprise, the arrow is moved from noble group to palm plantation companies which are listed in SGX in the future. Golden Agri which is still valued with 4.3Billion has a lot of meat for shortseller. In fact, I suspect the plan has started, just the attack will be stronger when breakthrough 30cents.  Just my guessing.
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Qanghoo
Supreme |
30-Jul-2015 17:19
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I' m waiting for < 30.  Hopefully, can get some.  Shd move back if results are OK.  If not, n  if palm oil px continues to be stuck or even falls, then maybe can go down to 20c.  But next yr, if there are supply issues due to EN, then maybe back to 60c+ or higher. 
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earlybird14
Supreme |
30-Jul-2015 17:05
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Expect to consolidate between 30 to 35 in next few weeks even months after a sharp drop.  Overall, commodity stock is still weak.   
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halleluyah
Supreme |
30-Jul-2015 17:02
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Swee....cantik...
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lingua101
Veteran |
30-Jul-2015 16:59
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everyone closing up this counter now toward closing back to 32.5 |
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earlybird14
Supreme |
30-Jul-2015 14:15
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Ok, target hit, take profit at 30.5. Good luck to holders.
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earlybird14
Supreme |
30-Jul-2015 12:19
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Palm oil rally since 2009 was due to china demand on edible oil, that time Golden Agri was about 10 cents. just look at their book since 2009, the profit gained from actual operation was quite low, assets built up by intagible assets gain pushing stock close to 80cents.  Now china demand on edible oil is slowing down, soy oil and other edible oil supply all catching up in past few years and cause oversupply. biofuel is expensive to make at low oil price environment. Palm oil may go worse and worse. Wilmar has strong link with China and will be the one to dominate China market, Golden Agri are facing internal competiion with other palm oil counter in indonesia market. So don' t be surprise if Golden Agri drop back to 10 cents level. I am not greedy, I will take profit at 30cents.  Noble is bad? at least they are still making profit in last quarter. Golden is making loss. If noble is the one over rate their coal assets, Golden Agri is the one over rate their biological assets who is the world no.1 palm oil plantation company.
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lingua101
Veteran |
30-Jul-2015 12:10
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now 30.5.  I am very scare.    bought some at 33 and 32.5 yesterday, I thought today will rebound.   Dunno why STI is so red |
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earlybird14
Supreme |
30-Jul-2015 12:07
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no greedy, 30 will do. I don' t want to wait for another 1 to 3 months for the sack of 1cents to reach 29. 30 should be the next support.
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treetops
Elite |
30-Jul-2015 11:55
Yells: "Moments Today, Memories Tomorrow!" |
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When the price hanging at 0.4xx for couple of months, it seem alot of big shares holder have offload it. Upside is limited. No much gain from  it anymore if anyone invest in it. It may call for share consolidation down the road...
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beginners
Veteran |
30-Jul-2015 11:54
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Good shot! Go to 290 even better!
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halleluyah
Supreme |
30-Jul-2015 11:48
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Shld u turn up frm here.....hope |
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halleluyah
Supreme |
30-Jul-2015 11:23
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Long some 0.31....oversold.....
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wishbone
Master |
30-Jul-2015 10:54
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Walau, this counter drops like there is no tomorrow almost everyday. If was once a " star" that  until ..................................................... NV |
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earlybird14
Supreme |
30-Jul-2015 10:52
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30.5.  Golden, really free falling.
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earlybird14
Supreme |
30-Jul 09:22
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Quick Quick drop more, i want to take profit at 30. |
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earlybird14
Supreme |
30-Jul-2015 09:21
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Is ok lah, wait for next batch at 55. Can you bring it down?
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hengsway114
Supreme |
29-Jul-2015 17:57
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Birdie
Still holding noble? Almost hit 0.58. Maybe tomorrow.
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earlybird14
Supreme |
29-Jul-2015 17:17
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Drink too much palm oil, feel sick?
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nqing87
Supreme |
29-Jul-2015 17:13
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wow.. this golden agri keep dropping.. performing worse than noble.. got any bad news for it? continue dropping will become micro penny liao.. later kenna kick out from STI component by sgx lol |
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