SINGAPORE, Feb 2 (Reuters) - Credit Suisse has raised its target price for Singapore-listed palm oil firm Indofood Agri Resources Ltd to S$1.63 from S$1.40 and maintained its neutral rating.
By 0331 GMT, shares of Indofood Agri were 1.7 percent higher at S$1.47 and have gained about 17 percent since the start of the year.
 
STATEMENT:
Credit Suisse said it has raised its earnings per share estimates for Indofood Agri by 21 percent in 2012 and 16 percent in 2013, to reflect its expectations of higher palm oil prices in the next two years.
Indonesia's new crude palm oil export tax has made the country's upstream companies have higher earnings sensitivity to a change in palm oil prices, Credit Suisse said.
Latest Posts By ozone2002
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02-Feb-2012 14:57 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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i say never give up..continue to add positions! put warrant!
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02-Feb-2012 14:21 |
Indofood Agri
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Indofood Agri Resources
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chiong!!! :) Q 1.5 to sell
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02-Feb-2012 12:01 |
Indofood Agri
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Indofood Agri Resources
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02-Feb-2012 11:59 |
Medi Lifestyle
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IEV
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Last:0.8     Vol:15628k     ![]() too bad i'm already out..gd luck
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02-Feb-2012 11:07 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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shoot..HSI chiong like mad.. my HSI put warrant lose $$ :( |
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01-Feb-2012 14:24 |
Medi Lifestyle
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IEV
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Last:0.72     Vol:34134k     ![]() opps down today..looks like profit taking.. it was a gd ride nonetheless.. i'm out..gd luck~~ !! :)
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01-Feb-2012 10:09 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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pen ies play for STI | ||||
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01-Feb-2012 10:08 |
$ Elektromotive
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LexiconGrp
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admin can change this name to elektromotiv? last nite on the news they interviewed the CEO brunei prince.. now chiong up > 25%   vested |
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01-Feb-2012 09:05 |
IPC Corp
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Solid NTA 27c
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IPC Corporation Ltd announced that it has purchased a distressed uncompleted development condominium project designed for 85 apartment units at Oppama, which is located about 50km to the south from the center of Tokyo, Japan. The Oppama Project is a new 6-storey development and building completion is scheduled to be by Q2 2013. The Company has at the same time entered into a Sales and Purchase Agreement with two Japanese real-estate companies to pre-sell the entire project to them. Full payment from these two companies will be made upon the project completion and delivery of the 85 apartment units. The total cost of the Oppama Project is estimated at JPY1.9 billion (approximately S$30.8 million), which shall be funded by internal resources. The transaction shall have a positive contribution to the Company for the financial year 2013. (Closing price: S$0.109, -0.909) | ||||
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31-Jan-2012 22:46 |
Top Global
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Another super laggard ?
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this one held by Sinar Mas also... Sinar Mas is the in thing now! Top Global Limited (TGL) is an up-and-coming Asian lifestyle, real estate group. In March 2010, prominent Indonesian businesswoman Mdm Sukmawati Widjaja, who also leads the family-owned Sinar Mas conglomerate, took the helm at TGL after purchasing a majority stake. Under her leadership, the Group has sold off non-core businesses, and sewn up new joint ventures and partnerships that will launch TGL in a compelling new direction. |
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31-Jan-2012 22:36 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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will this be the news that breaks the camel's back..     US home prices drop more than expected in Nov: S& P
NEW YORK - US single-family home prices fell more than expected in November, highlighting a sector that continues to struggle to make a meaningful recovery, a closely watched survey showed on Tuesday. The S& P/Case-Shiller composite index of 20 metropolitan areas declined 0.7 per cent on a seasonally adjusted basis, a bigger drop than the 0.5 per cent economists had expected. The decrease added on to the 0.7 per cent decline seen in October. 'Despite continued low interest rates and better real GDP growth in the fourth quarter, home prices continue to fall,' David Blitzer, chairman of the index committee at Standard & Poor's, said in a statement. 'The trend is down and there are few, if any, signs in the numbers that a turning point is close at hand.' Prices in the 20 cities also steepened their year over year decline, falling 3.7 per cent compared to a 3.4 per cent decline the previous month. -- REUTERS   |
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31-Jan-2012 17:01 |
UniFiber System
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unifiber
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best up 68%
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31-Jan-2012 15:46 |
Top Global
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Another super laggard ?
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all pennys in play... | ||||
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31-Jan-2012 15:36 |
UniFiber System
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unifiber
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now up 53%... the stakes are higher now... gd luck~~ not for the faint hearted.. |
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31-Jan-2012 15:27 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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just like i said b4.. uinfibre now up 42% advsct 20+ % can't beat em join in.. but only for the risky pple.. gd luck!!
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31-Jan-2012 15:01 |
UniFiber System
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unifiber
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Last:0.061     Vol:234603k     ![]() UP 42%!.. wonder who will be the 1st broker to implement trading restriction.. |
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31-Jan-2012 13:13 |
Medi Lifestyle
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IEV
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Last:0.71     Vol:15789k     ![]() up again!
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31-Jan-2012 11:53 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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whole SG focusing on Unifibre and Advsct... the rest of the gains not significant enough... speculate more! |
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30-Jan-2012 22:33 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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correction time is here!  
Breaking News
Stocks open lower as Greece debt talks drag on. Dow drops 106 points, Nasdaq and S& P 500 fall nearly 1%.   |
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30-Jan-2012 21:23 |
SingPost
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Singpost
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still gd dividend yield January 30, 2012, 5.47 pm (Singapore time) ![]() SingPost Q3 net profit slip 5.2%
By
CARINE LEE
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