Credit Suisse tips Wilmar (F34.SG) 3Q net profit of US$400 million-US$450 million ($515 million-$579 million) vs 3Q09’s USS$653 million; however, notes 3Q09 net profit included exceptional gain of US$233 million; expects 3Q core net profit in line with previous year.
Credit Suisse tips palm oil refining, plantation divisions should show sequential improvement in 3Q.
“The profit drag in 3Q FY10 could come from the oil seed division,” says research house which is keeping its Outperform, as Wilmar “a proxy to China's strong domestic consumption, as half of its profit is derived from China,”
Credit Suisse also notes RMB’s rise positive for Wilmar, 2H profitability should be better than 1H, stock has been laggard year to date. Says $7.42 target suggests potential upside of 11% or P/E of 20x, in line with 2011 P/E average for upstream players of 20.5x, based on CS earnings forecasts.
Results due pre-market Wednesday; shares +0.4% at $6.72.
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Latest Posts By BullishTempo
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| 08-Nov-2010 17:58 |
Genting Sing
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Traders Lounge - Daily opportunities for everyone
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Call MF, and tell them how much you are willing to fund your account first. You get lower commission if you exceed a certain amount in your account. Actually I might be switching to Saxo soon... Lower financing cost... Still negotiating with them
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| 08-Nov-2010 17:57 |
Genting Sing
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Traders Lounge - Daily opportunities for everyone
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usually
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| 08-Nov-2010 17:56 |
Genting Sing
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BT wan to sign up your MFGlobal, can get lower commsion from your side?
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| 08-Nov-2010 17:54 |
Genting Sing
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Traders Lounge - Daily opportunities for everyone
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what is usu? sounds like Old Man
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| 08-Nov-2010 17:53 |
Genting Sing
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Traders Lounge - Daily opportunities for everyone
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Thank you and welcome ![]()
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| 08-Nov-2010 17:50 |
Genting Sing
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Traders Lounge - Daily opportunities for everyone
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Tags: Wilmar International
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| 08-Nov-2010 17:49 |
Genting Sing
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Traders Lounge - Daily opportunities for everyone
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Tags: SIA Engineering Co | SIA | SIA Engineering | Singapore Airlines
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| 08-Nov-2010 17:48 |
Genting Sing
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Traders Lounge - Daily opportunities for everyone
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Tags: Venture Corp | Venture Corporation
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| 08-Nov-2010 17:47 |
Genting Sing
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Traders Lounge - Daily opportunities for everyone
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Unfortunately my trading platform doesn't have stop-loss function & still dunno how to read charts (yup trading newbie here) Very tempting to enter for GAR, Kepland & OCBC, but don't have the guts to enter at such a high price... Really have to hand to cannotfind & firewood, dare to enter 100 lots @ .775 well congrats to all who are still vested (including our sifu BT... biggest winner of all
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| 08-Nov-2010 17:42 |
Genting Sing
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Traders Lounge - Daily opportunities for everyone
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BEST LOCAL BANK
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| 08-Nov-2010 17:40 |
Genting Sing
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Traders Lounge - Daily opportunities for everyone
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O.Olll but at least still got a 5++ % increase today rite!!! Dun care about it as long as they are in the same boat... GAR was in top volume but look how abt IndoArgi and First Resource, not in top volume but it did increase too...all related to palm oil (same Agri)... u need to learn that....
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| 08-Nov-2010 17:39 |
Genting Sing
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Traders Lounge - Daily opportunities for everyone
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Your OCBC...... OMG
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| 08-Nov-2010 17:39 |
Genting Sing
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Traders Lounge - Daily opportunities for everyone
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Read all the previous posts. Already there.
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| 08-Nov-2010 17:36 |
Genting Sing
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Traders Lounge - Daily opportunities for everyone
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If you enter now, you are chasing the high. You have to enter fast and exit fast. You have to be extra cautious and exit immediately on doji candle or black candle. I will just be putting my stop-loss order and let the market run. You already know my diversified portfolio according to sectors :
Gaming, Commodities/Agriculture, Property, Shipping, Banking
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| 08-Nov-2010 17:35 |
Genting Sing
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Traders Lounge - Daily opportunities for everyone
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that 1 not high volume, so want to watch it soar quite hard
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| 08-Nov-2010 17:34 |
Genting Sing
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Traders Lounge - Daily opportunities for everyone
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I've no trouble keeping up with things orrh. Okay its ur typo, shld be $0.15 not in cents. Nvmd you're trailing BT, i find you're usu, very impulsively lucky!
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| 08-Nov-2010 17:33 |
Genting Sing
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Traders Lounge - Daily opportunities for everyone
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Hi All, Can advice the exact the date and time of result announcement for below? Genting SP Nobel Golden Agri Thanks & Regards. |
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| 08-Nov-2010 17:32 |
Genting Sing
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Traders Lounge - Daily opportunities for everyone
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BT, if haven't entered the market yet, what can we buy now? All the prices already seem too high... stay out than risk entering and encounter correction? Appreciate your advice. |
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| 08-Nov-2010 17:32 |
Genting Sing
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Traders Lounge - Daily opportunities for everyone
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LOL OK AFTER CHRISTMAS OK???
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| 08-Nov-2010 17:30 |
Genting Sing
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Traders Lounge - Daily opportunities for everyone
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B.T. though I'm still recouping my losses, but i still feel that I owe you a well deserved meal , cos without your advises and all those posting , I won't be able to recoup any at all . Thank you,I'm really grateful & thankful !! P.S: Pls hold the course earlier so that all of us can laugh all the way to the bank earlier , lol !!
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