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Good sign, so far so good, if short can' t push down, it only can go up.
hope to close at least flat.
80 cents first. This can be met without CPO hitting 3k. Indo food agri perform well in 2014. No excuse to bring it down further, no down only can go up.
Qanghoo ( Date: 06-Mar-2015 18:30) Posted:
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My recollectiion is IA was abt $1 when CPO px was abt RM3,000 around Q114. When CPO px dropped abt 25-30%, IA' s px gradually came down to 70c. Anyway, DYODD. I think IA will move up more bcos CPO px is likely to trend higher over the next few mths.
meng si long zong a towkay hei si solid a...... le terrrddd doi towkay le kiang lor
earlybird14 ( Date: 06-Mar-2015 17:23) Posted:
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Indofood is similar to Wilmar, they are diversified and doing plantation, milling and distribution business. Low oil price will lower down their operation cost and Indonesia gov is supporting this industry and make them more competitive as compete with Malaysia competitor in CPO. At the same time, they buy cheap CPO, soybean and sugar cane, then process and sell the oil and sugar to indonesia market.
So, 2015 may be the recovery year for Wilmar and Indofood due to lower operating cost. Although China and indonesia are slow down, people in country still need to consume all these basic and relatively small spending in their life.
Qanghoo ( Date: 06-Mar-2015 17:12) Posted:
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CPO prices on the decline for the last few days. So, likely to trade range-bound 70-75.
earlybird14 ( Date: 06-Mar-2015 17:07) Posted:
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Perfect closing piercing through the resistance, may face some selldown next week, so long as price of 72 can be supported well, next is to move cross 75.
All the best to vested.
earlybird14 ( Date: 06-Mar-2015 15:36) Posted:
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Let' s has a strong close to break through 73 resistance as high as possible.
Break the range. Dang Dang Dang. Time to chiong up, set up the first target, TP 80cents.
Go up continually. Need to break through the 69 to 73 range and turn to bullish trend.
Still waiting.
Breaking bearish trend and turn bullish. Hopefully, this bullish can last long.
All palm oil counters rallying strongly////
Bro, no worry still looking ok. supporting well. This most probably the last short down. Let' s wait for a good signal on monday. If monday can close 71.5, prepare your Gun, we shoot short seller!!!!
Nanja-Monja ( Date: 27-Feb-2015 12:32) Posted:
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earlybird14 ( Date: 26-Feb-2015 17:22) Posted:
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4th quarter result is slow down with 22% decrease in net profit. Overall 2014, 40% increase in total net profit. Previous concern on high inventory drop now which ease the concern from Brokers. Although net profit is 14% less than Y/Y quarter but better than last quarter. The increasing in financial expenses raise my concern continually, overall still a good result.
Step by Step, break 75 hurdle first.
Nanja-Monja ( Date: 26-Feb-2015 17:20) Posted:
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Wait for $1
earlybird14 ( Date: 26-Feb-2015 16:57) Posted:
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With Salim Group and Kuok Family counters, don' t need to worry default case or bankruptcy, just buy their stock at low for long term will do.
earlybird14 ( Date: 26-Feb-2015 16:52) Posted:
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Warren Buffet theory. Buy when other sell. Salim Group don' t really care their company share price. Indofood Agri, so long as indonesian need to eat, indofood and indofood agri shall be fine.
KAMAL0883 ( Date: 26-Feb-2015 16:50) Posted:
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$4 counter now only left $0.70