
Retracement awaiting.. Waiting to buy on dip.. $2.71-$2.73 resistance seem to hard to break..
eddie84 ( Date: 05-Jan-2010 19:33) Posted:
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and Bloomberg too
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ay7rQFGUItU8
tradersgx ( Date: 06-Jan-2010 17:09) Posted:
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from The Edge Singapore
Blastoff ( Date: 06-Jan-2010 16:52) Posted:
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Where did you get the information from?
tradersgx ( Date: 06-Jan-2010 16:35) Posted:
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Olam plans bond sale in ‘massive’ debt year, CEO says
Olam International, a supplier of commodities from cashews to coffee, plans to sell bonds in 2010, taking advantage of a “massive” year
for debt to adjust financing levels, Chief Executive Officer Sunny Verghese said.
“There’s a cyclical upturn but people are still worried about structural imbalances, such as large public deficits,” Verghese said in an
interview in Singapore today. “A lot of companies will be wanting to raise capital preemptively so I think it’ll be a massive year for bonds,
especially the first six months.”
The U.S. corporate bond market had its second-biggest day ever yesterday after General Electric Capital Corp. and a unit of Lloyds
Banking Group Plc led offerings of at least US$23.2 billion, closing in on record issuance of US$24.9 billion ($34.8) on Feb. 18, 2009,
according to data compiled by Bloomberg.
In Asia-Pacific outside Japan, bonds sales in either euros, dollars or yen surged to US$170 billion last year, from US$63.3 billion in 2008 and
US$71.6 billion in 2007.
Vietnam Shipbuilding Industry Group, also known as Vinashin, is planning to sell as much as US$600 million of bonds overseas, while PT Chandra Asri,
the Indonesian petrochemical company, may revive a plan in October to sell up to US$250 million of five-year dollar bonds.
Bloomberg , Wed, 06 Jan'10 12:58
Market Capitalisation
Market Cap ($ Millions) 5,358.19
Shares Outstanding 1,991.89
Float 1,402.72
Valuation Ratios
Price/Earnings 21.76
Price/Sales 0.61
Price/Book 4.41
Price/Cash Flow 18.14
Profitability Ratios (%)
Gross Margin 18.10
Operating Margin 5.24
Net Profit Margin 2.88
gap filling up fast now...
Do you think it will break 2.75?
2.74! commodities stock rule!
noble gAR indo wilmar straits olam.. oh yeah!
Olam seem unable to penetrate through its resistance at $2.71, passing through but unable to close above $2.71. This might be weakness sign that bearish behaviour awating.
still got gaps to fill @2.78
i trade on technicals..
chart ask me to buy i buy..
chart ask me to sell i sell..
Noble at 3.25 is even cheaper than Olam at its current price. Don't compare blindly.
i love u olam 2.69..
go commodities..
Hey, guess what? The market just ignore this report, keep going up. RBS not chun...
stevenk ( Date: 31-Dec-2009 11:26) Posted: |
For your info...
http://www.scribd.com/doc/24103764/Olam-Cut-to-Sell-tgt-1-63-Negative-Report-by-RBS-091209
2.67!...i love window dressing! :)
salty grapes..
still have not close above 2.63 with high volume....hahaha....
ho ho ho into ding ding ding season:)
stevenk ( Date: 23-Dec-2009 12:42) Posted:
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go olam 2.65.. neglected baby..
ozone2002 ( Date: 22-Dec-2009 09:17) Posted:
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