Indofood Agri    Last:0.385    -0.005

Indofood Agri Resources

Although I must say ard $0.63 is best px. So... it may happen both ways.

 

Buy to keep . Will not go any lower . This stock usually higher than noble

 

$0.77 is looking really good. About 50% off from last year's high.

 

I see cheap I buy keep maybe 2014 CNY hong bao

 

already hit 3~4 years low... over sold territory, worth to take a look.. any comments seniors..

 

2Q13 results reflect industry woes. Revenue dropped 11% yoy to Rp 3.36t, as higher sales volume of CPO was more than offset by lower ASP of key plantation crops (palm oil, rubber, sugar) and lower edible oils sales. Net profit plunged 74% to Rp 65.9b, hurt by gross margin compression to 16.1% from 28.9%, due to the adverse effect of lower ASPs, and further impact from higher pdtn cost arising from rising wages and newly matured plantations. Mgt tone on outlook is soft, noting the slowing down of economic growth particularly in China and Europe, slower biodiesel demand in Europe and expectations of stronger palm oil supplies in 2H13 and larger soybean harvests from the US have put significant pressure on commodity prices. IndoAgri trades at 27.7x annualized 1H13 P/E, 0.67x P/B.

 

accumulated .905 - 93

cheers :)

 

why this burger price shoot up ?

 

CPO price increases following  surging oil price rates (The Jakarta Post, Jakarta | Business | Wed, July 03 2013, 4:14 PM)

http://www.thejakartapost.com/news/2013/07/03/cpo-price-increases-following-surging-oil-price-rates.html 

 

This rising trend in oil seems to be ongoing:- 

UPDATE 9-Oil jumps $2 on Egypt, US data, biggest weekly gain in a year (Reuters  Published: Friday, 5 Jul 2013 | 3:50 PM ET)

http://www.cnbc.com/id/100866965

 

This chart is sjowing a breakdown below $1
It is killing it softly

70cents first support
50cents very strong support

FearValueGreed      ( Date: 03-Mar-2013 19:32) Posted: No hurry. This one is a good proxy play for sugar aswell but wait till below one dollar. Margin of safety

 

Palm oil counter has no future, leave it there till become rojak lah. Wahahahahaha

 

NAV is ~1.25.

Current price is 1.025 - 1.03, a discount of ~18% from NAV.

 

If breakout of support is genuine, price is set to go lower to around 80 cents, Would rather short this counter than  buy.

 

Moving  quietly  while CPO is still low. 

 

yes indo

looking good

:)

 

Suddenly spike up his morning. 

 

watching ...

 

No hurry. This one is a good proxy play for sugar aswell but wait till below one dollar.

Margin of safety

 

Hopefully. CPO price is till low and daily volume also low. And keep on selling down very scary.

marubozu1688      ( Date: 02-Mar-2013 10:45) Posted: IndoAgri at the Triangle support now. Wait for rebound signal! http://mystocksinvesting.com/singapore-stocks/indoagri/indoagri-at-triangle-support/

 

IndoAgri at the Triangle support now. Wait for rebound signal!

http://mystocksinvesting.com/singapore-stocks/indoagri/indoagri-at-triangle-support/