Post Reply
1161-1180 of 1250
so the BBs say the earnings/profit also not big enough and the price is quite high already...short it down again..AND
now DOW is down -278pts, so another chance to short again tomorrow....AND
after tomorrow sometimes, the price is quite low already, so push it up again...AND
the cycle continues..
http://www.reuters.com/article/2011/11/09/singapore-market-stocks-wilmar-idUSL4E7M903A20111109
Wed - Wilmar International fell as much as 2.7% after the company missed earnings expectations for its third quarter mainly due to a foreign exchange loss and weaker margins from its consumer product business.
Wilmar Vol:19,107,000 million share
-0.23 to Last Done: $5.36
Yep should have shorted today.
Might have a bit more downside before we see which way it goes. Down on heavy vol. not a good sign.
Wilmar is really a counter for ppl to short...
Wilmar: 3Q11 results below expectations.
Revenue rose 69% to US$13.1b bcs of higher sales volume and prices of agri-commodities, as well as contribution from the new Sugar segment.
Net profit came in at US$321m, +24% yoy, -21% qoq, vs consensus of US$443m.
The results were impacted by an exceptional item on a FX loss from intercompany loans to subsidiaries due to the strengthening of the USD, as well as net loss on invmt securities following the market weakness, and fair value loss on embedded derivatives. Excluding exceptional items, the Group’s net profit of US$442.4m would have been in line with expectations.
Nevertheless, all key business segments posted higher profits with the exception of Consumer Products.
Oilseeds and Grains, the biggest growth contributor, gained from a sharp recovery in margins. Plantations and Palm Oil Mills benefited from higher realised CPO prices and pdtn yield.
Palm and Laurics enjoyed higher volume for the quarter and margin expansion for the nine months.
Profit from the new Sugar segment and better performance by associates further boosted the Group’s results.
However, Consumer Products registered lower profit from higher feedstock cost and a price increase restriction which was only lifted during the quarter.
On outlook, mgt said it “remains positive of its prospects, despite uncertainties in the global economy, due to the resilience in the demand for agri commodities and the continued growth of Asian economies.”
Adds, Plantations and Palm Oil Mills and Sugar will gain from firm palm oil and sugar
prices.
Palm and Laurics will benefit from the recent changes in the Indonesian export duty structure for palm products, which is highly advantageous for downstream processing margins.
Consumer Products will also enjoy improving margins from the lifting of the price increase restriction and lower feedstock costs.
Nevertheless, the operating environment for Oilseeds and Grains will continue to be challenging as crush margins remain under pressure.
Stock last closed at $5.59 trades at 20.1x P/E, ~2.2x P/B.
Revenue rose 69% to US$13.1b bcs of higher sales volume and prices of agri-commodities, as well as contribution from the new Sugar segment.
Net profit came in at US$321m, +24% yoy, -21% qoq, vs consensus of US$443m.
The results were impacted by an exceptional item on a FX loss from intercompany loans to subsidiaries due to the strengthening of the USD, as well as net loss on invmt securities following the market weakness, and fair value loss on embedded derivatives. Excluding exceptional items, the Group’s net profit of US$442.4m would have been in line with expectations.
Nevertheless, all key business segments posted higher profits with the exception of Consumer Products.
Oilseeds and Grains, the biggest growth contributor, gained from a sharp recovery in margins. Plantations and Palm Oil Mills benefited from higher realised CPO prices and pdtn yield.
Palm and Laurics enjoyed higher volume for the quarter and margin expansion for the nine months.
Profit from the new Sugar segment and better performance by associates further boosted the Group’s results.
However, Consumer Products registered lower profit from higher feedstock cost and a price increase restriction which was only lifted during the quarter.
On outlook, mgt said it “remains positive of its prospects, despite uncertainties in the global economy, due to the resilience in the demand for agri commodities and the continued growth of Asian economies.”
Adds, Plantations and Palm Oil Mills and Sugar will gain from firm palm oil and sugar
prices.
Palm and Laurics will benefit from the recent changes in the Indonesian export duty structure for palm products, which is highly advantageous for downstream processing margins.
Consumer Products will also enjoy improving margins from the lifting of the price increase restriction and lower feedstock costs.
Nevertheless, the operating environment for Oilseeds and Grains will continue to be challenging as crush margins remain under pressure.
Stock last closed at $5.59 trades at 20.1x P/E, ~2.2x P/B.
sell on news ?
price more than factored in ?
NEWS RELEASE 9 Nov 2011
WILMAR POSTS 24% INCREASE IN EARNINGS TO US$321 MILLION FOR 3Q2011
- Net profit excluding exceptional items grew 157% to US$442 million
- Strong profit growth in Oilseeds & Grains
- Positive contribution from Sugar
- Healthy volume growth across all business segments
- Remains optimistic on prospects for agri-commodities and Asian economies
Highlights
In US$ million 3Q2011 3Q2010 Change
Revenue 13,094.8 7,764.3 +68.7 %
Profit before taxation 437.3 317.0 + 38.0%
Net profit 321.0 259.5 +23.7%
Now the price is down -17cts, at 5.42, the risk reward ratio has improved over yesterday ?
so this opening BBs whack this down -12cts, at 5.47, what do you think is their estimates or is it their tricks up to something fishy later ?
louis001 ( Date: 08-Nov-2011 23:10) Posted:
|
it all depend on what others' BB estimates....
Share_King ( Date: 08-Nov-2011 12:17) Posted:
|
Hello! !!
swing trader ... Are U here : )
This is a dangerous mindset.
You should ask if the Risk to Reward Ratio still worth you adding position.
Juzztrade ( Date: 08-Nov-2011 12:50) Posted:
|
I am still holding 6 Lot x $5.00
I should buy up along the way and make more profits.
Juzztrade ( Date: 08-Nov-2011 12:50) Posted:
|
I must not let this opportunity slips away.
Estimated to have a good quaterly results release on this Thursday. Will drive up the price....
Seems gd to pick up...Any bad news from Europe may dampen everything...
louis001 ( Date: 08-Nov-2011 11:04) Posted:
|
up 8cts...at 5.58 now...vols improve reasonably good...uptrend seems intact...
mild profit taking pressure at the moment... traders are a bit more aggressive ...
these two days crucial to test new resistance 5.70+-... DYODD.
Yap. I agree with you completely.
louis001 ( Date: 04-Nov-2011 12:27) Posted:
|
ya, vols is low, resistance likely at 5.55.....currently at 5.51/5.52
traders are undecided at the moment OR
they are waiting for the next BIG moment....not forgetting today is Friday...
alexchia01 ( Date: 04-Nov-2011 12:08) Posted:
|
Looks like Wilmar is hitting a resistance. Price movement don't seems very good.
louis001 ( Date: 04-Nov-2011 09:44) Posted:
|
at 5.52 now, up 7cts....juicy peaks coming soon again...