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https://tradingeconomics.com/commodity/palm-oil
Palm oil price continues to rise after the ban was lifted speaks for itself that the world demands for vegetable oil more then supply as long as the war in bet Russia/Ukraine continues. Furthermore such commodity is a good hedge in high inflation n rising Interest rate environment. Golden Agri will benefit from such time as these ?
Palm oil price continues to rise after the ban was lifted speaks for itself that the world demands for vegetable oil more then supply as long as the war in bet Russia/Ukraine continues. Furthermore such commodity is a good hedge in high inflation n rising Interest rate environment. Golden Agri will benefit from such time as these ?
How to be wrong with Media Release on 1Mar' 22:
[ GAR will also initiate a share buyback programme to further reward our shareholders,
allocating up to US$100 million for year 2022. The share buyback will be conducted based on
authority and limits under the Share Purchase Mandate authorised by GAR& rsquo s shareholders at
the Annual Meeting ]
[ GAR will also initiate a share buyback programme to further reward our shareholders,
allocating up to US$100 million for year 2022. The share buyback will be conducted based on
authority and limits under the Share Purchase Mandate authorised by GAR& rsquo s shareholders at
the Annual Meeting ]
Maybe got the 100 million currency wrong...
That is why no share buyback since result announcement and the fall in share price.
That is why no share buyback since result announcement and the fall in share price.
With the Indonesia lifting of Palm oil export n the persistent sustainable of price above MYR$6,000/T, there is no reason why Golden Agri price should drop below ex-lifting export of 32-35c. The price drops is mainly due to heavy daily shorting by shortists ,,,bet 16-20May abt 70M (28.5c) n just today 23May another 15.4M (28.8c) shortshorted per share. All together the shortist spent abt $19.94M + $4.44M = $24.38M shorting this poor Golden Agri over this 6 trading days.
My question is why the management who has US$100m war chest to buy-back its share is not coming in to support? Is the company not concern abt its market capitalization, especially during this super palm oil cycle. Why talk abt this in there Media Release on 1Mar' 22:
[ GAR will also initiate a share buyback programme to further reward our shareholders,
allocating up to US$100 million for year 2022. The share buyback will be conducted based on
authority and limits under the Share Purchase Mandate authorised by GAR& rsquo s shareholders at
the Annual Meeting ]
My question is why the management who has US$100m war chest to buy-back its share is not coming in to support? Is the company not concern abt its market capitalization, especially during this super palm oil cycle. Why talk abt this in there Media Release on 1Mar' 22:
[ GAR will also initiate a share buyback programme to further reward our shareholders,
allocating up to US$100 million for year 2022. The share buyback will be conducted based on
authority and limits under the Share Purchase Mandate authorised by GAR& rsquo s shareholders at
the Annual Meeting ]
KGI - TA
- Shares closed above the 5dMA on Friday on higher-than-average trading volumes.
- RSI rebound before reaching oversold levels while MACD is converging towards the signal line.
- Long &ndash Entry 0.290, Target 0.315, Stop 0.275
Yes, why mentioned about the US$100m buyback fund? n where is the action after the 1st buyback of 10.4M @30c on 2Mar' 22 ?
When will the Co initiate share buyback from its US$100 million fund set aside...
Walk the talk...
Walk the talk...
Makes sense.
But price supposed to go back to pre-ban levels especially since 2022 first quarter earnings indicates entire year earnings would be better than 2021' s decade high earnings.
Maybe people are cash tight right now after losing money in other stocks or they need to see another quarter of good performance before they are convinced.
But price supposed to go back to pre-ban levels especially since 2022 first quarter earnings indicates entire year earnings would be better than 2021' s decade high earnings.
Maybe people are cash tight right now after losing money in other stocks or they need to see another quarter of good performance before they are convinced.
Supply increase thus cause palm oil price weaken.
Ftyeng ( Date: 23-May-2022 11:38) Posted:
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Indonesian export ban lifted today (23May2022) but price came down to $0.285 from $0.300 paradox man....
Good that GAR is catching up.
Catrade ( Date: 20-May-2022 16:15) Posted:
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As expected GAR is fighting back fiercely after the Indo ban was lifted. May Golden Agri decided to use its US$100m war chest to buy back shares. By the way Palm oil future is rising again to [Palm Oil (MYR/T) 6220.00 +232.00 (+3.82%)] now.
Indonesia to lift palm oil export ban from Monday, president says
THU, MAY 19, 2022 - 6:53 PM
INDONESIA will lift its palm oil export ban from Monday (May 23), following improvements in the domestic cooking oil supply situation, President Joko Widodo said on Thursday
PHOTO: EPA-EFE
INDONESIA will lift its palm oil export ban from Monday (May 23), following improvements in the domestic cooking oil supply situation, President Joko Widodo said on Thursday.
The world' s top palm oil exporter has since Apr 28 halted shipments of crude palm oil (CPO) and some derivative products to try to tame soaring prices of domestic cooking oil.
The decision comes despite bulk cooking oil having not yet receded to the targeted 14,000 rupiah per litre price, as the government considers the welfare of 17 million workers in the palm oil industry, the president said in a video statement.
Jokowi, as the president is known, said the supply of bulk cooking oil has now reached a level greater than what the domestic market needed.
" Average price of (bulk) cooking oil before the export ban in April was 19,800 rupiah per litre and after the ban the average price dropped to around 17,200 to 17,600 rupiah per litre," he said.
Indonesia came up with the ban on exports of the widely used vegetable oil as a means of controlling domestic prices, but pressures have been mounting for it to be eased as farmers protested that there were no demand for their palm fruits.
The ban has rattled global vegetable oil markets that were already struggling after the war in Ukraine removed a big chunk of sunflower oil supply.
Palm oil makes up more than a third of the world' s vegetable oil market, with Indonesia accounting for about 60 per cent of palm oil supply. REUTERS
CheeryVGoh ( Date: 20-May-2022 12:07) Posted:
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GAR moving up but much slower that Bumitama. Hope this elephant moves faster.
Think Bumitama is a better producer than GAR at present.
Think Bumitama is a better producer than GAR at present.
Catrade ( Date: 20-May-2022 11:05) Posted:
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Golden Agri indeed rise today after Indo announced the lifting of export ban. Before the ban it was 34-35c, there is still some more upside !
Indonesia is lifting Palm oil export ban on 23May
Likely Golden Agri price will rise tomorrow.
Hope GAR management will do a share buy back, this share had been shorted down since the ban was announced.
Likely Golden Agri price will rise tomorrow.
Hope GAR management will do a share buy back, this share had been shorted down since the ban was announced.
Would GAR management serious about buying back its shares at this low price?
Why set aside US100m n no action?
Why set aside US100m n no action?
NATO - Talk is cheap - No share buyback?
US$100 million that is SGD139 million. Let see its share buyback now that the share price has dropped below its last purchase.
As indicated in its annual report, the share buyback is to further reward shareholders.
Lets see the share buy backs from today. Yesterday, Company did not do buyback to support the share price.
As indicated in its annual report, the share buyback is to further reward shareholders.
Lets see the share buy backs from today. Yesterday, Company did not do buyback to support the share price.
Catrade ( Date: 12-May-2022 13:02) Posted:
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Golden Agri did a 10.4m shares buy back at 30c per share in 2Mar' 22 after the release of FY21 result in 1Mar' 22.
Will the company does likewise after announcing a good set Q1 result?
GAR did said in its Media Release in 1Mar' 22 that :
" GAR will also initiate a share buyback programme to further reward our shareholders, allocating up to US$100 million for year 2022 ..........."
GAR share price is too cheap now...
Will the company does likewise after announcing a good set Q1 result?
GAR did said in its Media Release in 1Mar' 22 that :
" GAR will also initiate a share buyback programme to further reward our shareholders, allocating up to US$100 million for year 2022 ..........."
GAR share price is too cheap now...