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.

TA ALERT!
3 Feb 2012
Indofood Agri Resources – Bullish breakout on heavy volume
Indofood Agri Resources has finally initiated a strong bullish breakout above the key S$1.50 resistance and 200-DMA on heavy volume this morning this following a recent failed attempt.
The price action suggests that the counter could see further recovery towards the next key resistance at $1.70 in the weeks ahead the subsequent resistance is pegged at $1.88.
With the MACD still trending up steadily at the moment, it too suggests that the upside momentum is building up now.
Meanwhile, $1.50 is now the newly established key resistance-turned-support, with the subsequent support level pegged at $1.25.Resistances and Supports
2nd resistance$1.88Key support-turned-resistance
1st resistance$1.70Peak in Aug ‘11
Current Price$1.55
1st support$1.50Key resistance-turned-support
2nd support$1.25Trough in Dec '11
sold ...1.5!! :)...yeah!
free contra & $$..i like!
ozone2002 ( Date: 02-Feb-2012 14:21) Posted:
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chiong!!! :)
Q 1.5 to sell
ozone2002 ( Date: 02-Feb-2012 12:01) Posted:
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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.
Can short IndoAgri tomorrow, if market allows.
Entry: $1.255
Stop-Loss: $1.285
Target: $1.140
More on my Blog at Alex Trades.
Good luck.
IndoAgri can be the next potential shorting Target.
http://mystocksinvesting.com/singapore-stocks/indoagri/indoagri-what-is-the-next-move/
 
Be cautious. Chart indicate it is more a shorting target.
stykish ( Date: 30-Oct-2011 22:15) Posted:
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alexchia01 ( Date: 30-Oct-2011 20:26) Posted:
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Can Short IndoAgri tomorrow, if market permits.
Entry: $1.415
Stop-Loss: $1.495
Target: $1.155
More on my Blog at Alex Trades.
Good luck.
IndoAgri is trading within a down trend channel.
http://mystocksinvesting.com/singapore-stocks/indoagri/indoagri-testing-down-trend-channel-resistance/
You mean like this?

PinkPunter ( Date: 30-Sep-2011 12:34) Posted:
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For this case, the opening gap down was 10% right after trading halt is lifted.
This is due to management decision to list subsidiary (PT Salim) in Indonesia at a great discount. 
The only thing one can do is to
1. closed all long position and take a 1 day 10% trading loss or
2. join the crowd to short it down more if you have money to burn. 
 
dc16888 ( Date: 25-Sep-2011 23:34) Posted:
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wow.. u never set cut loss?
http://www.tradestockdiary.blogspot.com
http://www.holistichealingnatural.blogspot.com
xing78 ( Date: 24-Sep-2011 23:24) Posted:
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