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Is there any news on the Indian subsidiary Gemini IPO?
Is there any news on the Indian subsidiary Gemini IPO?
Jiyaji ( Date: 07-Feb-2022 10:05) Posted:
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Good Morning!
Your Coffee shop predictions are spot on! Cheers!! Thanks
Your Coffee shop predictions are spot on! Cheers!! Thanks
Lobster ( Date: 07-Feb-2022 09:59) Posted:
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Smashed $0.27, touched $0.275. Please hor, juz watch the show if you have not been vested....
pdyohwadfmb...
pdyohwadfmb...
Lobster ( Date: 07-Feb-2022 09:26) Posted:
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Wow . Broke $0.26, touch $0.27....
I hope the contrarians are not too greedy. Take it easy, then there would be more meat to share.. Long way to go before results on 28 February. Imagine if dividends is two cents, that would be something like 8% yield!
Let' s aim for over $0.30!
I hope the contrarians are not too greedy. Take it easy, then there would be more meat to share.. Long way to go before results on 28 February. Imagine if dividends is two cents, that would be something like 8% yield!
Let' s aim for over $0.30!
Thank you for taking the time to give a detailed analysis. This is very helpful.
Wish you good health & prosperity in the Year of the Tiger.
Wish you good health & prosperity in the Year of the Tiger.
Lobster ( Date: 05-Feb-2022 14:17) Posted:
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Thank you for your flattering trust in the coffee shops uncles... you know la, these uneducated uncles like people to curry favour them...... As for this Golden Agri aka Golden Palm, I only follow what the uncles said what, but I dare not be very loud here, because as I said, when the black market buy, they never say why... and when they sell, they never tell... but I did hint many times that (I) would buy when it hits 235 and below and sell when it hits my target... every year about 2 to 3 rounds. But this round may be different, it is nearer results, so may be more meat.... and I tell you why from the coffee shops side...
When you talk about this Golden Palm, you cannot ignore whats happening in Indonesia. The prices there, the tax situation, the garmen actions, the corporate performance etc happening there will affect Golden Palm which has several associates and subsidiaries there. In particular SMART. ... short form for PT. Sinar Mas Agro Resources and Technology....example, it recorded ATH earnings in 2Q.... so good, that it paid an interim dividend for the first time ever, and Golden Palm also followed same here. But if people think this was one night stand type of results, it went even better in 3Q, registering about 40% more in earnings! Of course. this rubbed on to Golden Palm la, which registered record earnings with its 3Q y-o-y net profits hitting US$115 million against a net loss of US$5million the previous year . So if 4Q results is again spectacular, expect something very good coming out....From the quiet upward movement recently, you can sense something exciting coming from the results ... in fact uncles quietly hinted to me that next week the stock would easily clear 26 and move menacingly towards 27, and if this is convincingly smashed also, expect the target of 30 to fall by the time results is announced on 25 February....anyway as I said these are coffee shops talks, so you really have to pdyohwadfmb..... wish you luck!
Jiyaji ( Date: 04-Feb-2022 13:07) Posted:
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Yes. It is strange that this once high flying stock is stuck at this level for so long.
Hope you hear some nice whispers from your coffe shop " uncles & aunties" soon.
I enjoy your posts in various threads and look forward to more good tidings. Thank you
Hope you hear some nice whispers from your coffe shop " uncles & aunties" soon.
I enjoy your posts in various threads and look forward to more good tidings. Thank you
Lobster ( Date: 04-Feb-2022 12:36) Posted:
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At last!
Lobster ( Date: 20-Jan-2022 02:00) Posted:
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Yet another day of record high plam oil price, but no impact to GoldenAgri share price.
https://www.reuters.com/markets/asia/vegoils-palm-oil-rises-high-energy-prices-2022-01-27/
JAKARTA, Jan 27 (Reuters) - Malaysian palm oil futures extended gains to a third session on Thursday, as top producer Indonesia imposed mandatory domestic sales and high energy rates boosted prices of the vegetable oil.
The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange gained 2.10% to 5,441 ringgit ($1,297.02) per tonne by closing time.
The contract rose as much as 3.17% during the session to hit an all-time high of 5,500 ringgit a tonne before cooling towards the closing level.
https://www.reuters.com/markets/asia/vegoils-palm-oil-rises-high-energy-prices-2022-01-27/
JAKARTA, Jan 27 (Reuters) - Malaysian palm oil futures extended gains to a third session on Thursday, as top producer Indonesia imposed mandatory domestic sales and high energy rates boosted prices of the vegetable oil.
The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange gained 2.10% to 5,441 ringgit ($1,297.02) per tonne by closing time.
The contract rose as much as 3.17% during the session to hit an all-time high of 5,500 ringgit a tonne before cooling towards the closing level.
Reaching new high again.
Malaysian palm oil futures extended a five-week rally to hit a new record high of MYR 5,320 per tonne, on the back of supply concerns.
https://tradingeconomics.com/commodity/palm-oil
Here we go again...... let' s go!
pdyohwadfmb
pdyohwadfmb
Palm oil future remains in multi year high according to the chart, but Golden Agri share doesn' t reflects this. From this chart Golden Agri coming earning should be very solid. Look like BB is keeping Golden Agri price low so as to accumulate more before pushing near FY result.
Palm Oil price increasing again reaching 5,050 MYR/MT today according to (https://tradingeconomics.com/commodity/paloil).
Watch this Golden Palm Tree from now on, especially if it breaks 0.275
After end of this month, I will tell you why, maybe I will run a coverage on this.... meanwhile enjoy this coverage
After end of this month, I will tell you why, maybe I will run a coverage on this.... meanwhile enjoy this coverage
Analysts at CGS-CIMB Research and RHB Group Research have increased their target price for Golden Agri-Resources on the back of above-expectations earnings to 28.1 cents and 28 cents respectively, from 25 cents and 24 cents previously.
Golden Agri reported a 269% y-o-y improvement in EBITDA to US$828 million in 9M21, driven mainly by higher net crude palm oil (CPO) prices and production. The strong fresh fruit bunches (FFB) output was driven by the acquisition of 34 hectares of new estates as well as improved yields from its estates that were hit by drought last year, CGS-CIMB analysts Ivy Ng Lee Fang and Nagulan Ravi note.
Due to the change of biological cycle for FFB this year, Golden Agri expects FBB growth in 4Q21F to be flattish q-o-q, reducing its FY21 FFB growth guidance to 5%. In this case, FFB output in 4Q21F will be 20% lower y-o-y, RHB analysts highlight.
&ldquo As such, we lower our FFB growth to 6% (from 10%) for FY21F, but keep it at 3% to 5% for FY22F to 23F. Despite the lower growth guidance for FFB, management expects CPO growth to be higher at 7% y-o-y for FY21F, from higher external purchases. We have adjusted up our forecasts accordingly,&rdquo they add.
What will Mon price be?
If you compare yoy 3Q, it' s even more impressive!! If you keep until end FY you may see it going back to giving handsome dividends. Not sellling for this round. Good luck...
Net profit for the first 9 months of 2021 was at US$268 million, reversing from a net loss of US$162 million in the same period in 2020.
Golden Agri-Resources reports 3QFY21 earnings of US$115 million on higher selling prices and volume
Palm oil producer Golden Agri-Resources has reported earnings of US$115 million for 3QFY21 ended Sept 30, up 580% y-o-y from a loss of US$5 million.
Revenue in the same period was up 76% y-o-y to US$2.8 billion, as both volume and selling price gained.
The company notes that the on-going La Nina weather pattern will impact supply.
Yet, demand has not been &ldquo significantly affected&rdquo despite the high prices.
&ldquo Notwithstanding the more conducive market environment, we remain cautious of any uncertainties from the lingering global Covid-19 pandemic,&rdquo the company states.
&ldquo Looking forward, industry prospects continue to be positive given palm oil&rsquo s important role in supplying the growing global vegetable oil demand.&rdquo
Performance Update - Third Quarter 2021
https://links.sgx.com/1.0.0/corporate-announcements/IJDBX396SS10NMQQ/690490_GAR38-12-11-2021-3Q2021%20Performance%20Update.pdf
https://links.sgx.com/1.0.0/corporate-announcements/IJDBX396SS10NMQQ/690490_GAR38-12-11-2021-3Q2021%20Performance%20Update.pdf
SG market sucks, no BBs at all. This counter is in a overlapping range....sianz
https://www.hellenicshippingnews.com/palm-rallies-to-record-high-on-improving-oct-exports/
Commodity News 21/10/2021
Malaysian palm oil futures rose more than 2% on Wednesday to a record closing high, as October export data improved amid lacklustre production.
The benchmark palm oil contract FCPOc3 for January delivery on the Bursa Malaysia Derivatives Exchange closed up 122 ringgit, or 2.47%, to 5,066 ringgit ($1,217.79) a tonne.
The contract had earlier climbed to an intraday high of 2.95% to hit 5,090 ringgit.
Palm rallies to record high on improving Oct exports
Commodity News 21/10/2021
Malaysian palm oil futures rose more than 2% on Wednesday to a record closing high, as October export data improved amid lacklustre production.
The benchmark palm oil contract FCPOc3 for January delivery on the Bursa Malaysia Derivatives Exchange closed up 122 ringgit, or 2.47%, to 5,066 ringgit ($1,217.79) a tonne.
The contract had earlier climbed to an intraday high of 2.95% to hit 5,090 ringgit.