Last:0.765    +0.01

Traders Lounge - Daily opportunities for everyone

if i not wrong, margin for indo went up since rev dropped 1.8% while sales drop 3.8%.

this is probably a trade off for higher margins. their net profit increased, due to rising selling prices. as such, this industry is still quite good, if despite lower sales and rev, they still can increase profits even with higher op exp.

wilmar poor results, might be solely dependent on their untimely purchase of raw mat.

hmm, this is a double edged news, their mistake in raw mat purchasing timing caused a loss.

however despite increased in sales volume, their margins dropped.

this is from a commodity counter bigger than AGR. if the bigger player is suffering from weakening margin, i think the smaller player will be more affected. got to see how much of the losses is attributed to the untimely purchase of raw mat.

margin loss and increasing sales volume should be a industry factor.

sorry i cant research on AGR now, but how was indo agri performance? what are their losses caused by.

personally if vested, i will take out 50% as 2/3 CPO counter report poorly, and this report gives a warning liao.

Tags: Indofood Agri Resources | UOB KayHian Research

WRITTEN BY THE EDGE

WEDNESDAY, 03 NOVEMBER 2010 11:45

Share this  Digg  Del.icio.us  StumbleUpon  Netscape  Yahoo  Technorati  Googlize this  Facebook Export PDF Print E-mail UOB Kay Hian in a Nov 1 research report says: "Indofood Agri Resources’ (IFAR) core net profit declined 20% y-o-y to Rp774 billion in 9M10. "This was mainly attributable to: (a) lower total sales by 3.8% y-o-y, (b) lower forex gain from Rp250.9 billion in 9M09 to Rp65.4 billion in 9M10 and (c) higher operating expenses. Quarterly net profit increased 26% q-o-q on higher crude palm oil (CPO) and palm kernal average selling prices (ASP). Revenue declined 1.8% y-o-y on lower sales volume. "We lower our earnings forecasts by 18.5% to Rp1,109 billion for 2010 and by 13.0% to Rp1,478 billion for 2011 to factor in lower cooking oil price assumption as well as sales volume due to stiff competition in the domestic cooking oil market. Fair price of $2.65 as we lowered our PE valuation to 13x 2012F PE. DOWNGRADE TO HOLD."

Tags: CSR | Golden Agri | Sime Darby | Sucrogen | Wilmar International

WRITTEN BY THOMSON REUTERS

WEDNESDAY, 10 NOVEMBER 2010 11:48

Share this  Digg  Del.icio.us  StumbleUpon  Netscape  Yahoo  Technorati  Googlize this  Facebook Export PDF Print E-mail Wilmar International <WLIL.SI>, the world’s biggest listed palm oil plantation firm, reported disappointing quarterly results, weighed by its oilseeds business, sending its shares down more than 5%. “The results were well below our expectations, mainly because of the loss in the oilseeds segment,” said Ben Santoso, an analyst at DBS Vickers. “We’re putting our forecast and target price under review.”    Wilmar said weak margins contributed to third quarter net profit falling 60% from a year ago, but said it was bullish about the future.    “Despite the weak third quarter performance, the group remains positive on its long-term prospects," Chairman and CEO Kuok Khoon Hong said in a statement.    Wilmar said its oilseeds and grains business suffered a pretax loss of US$37.1 million ($47.8 million), despite a 28% rise in sales volume, due to "weaker margins and less timely purchases of raw materials”.    By 0320 GMT, Wilmar shares were 5.5% lower in a broader market <.FTSTI> down 0.7%. The shares are little changed so far this year, underperforming a 14% rise in the market.    Wilmar, valued at US$34 billion, runs palm oil plantations in Indonesia and Malaysia and a number of processing facilities in China for various oils and grains.    Wilmar earned US$259 million in July-September, down from US$653 million a year ago when it made an exceptional gain of US$167 million from the sale of new shares in its China unit.    The result was lower than an average forecast of US$467 million from a Reuters survey of three analysts.    Wilmar competes with Malaysia’s Sime Darby <SIME.KL> and Singapore’s Golden Agri <GAGR.SI> in palm oil.    Wilmar, controlled by the family of Malaysian billionaire Robert Kuok, has diversified into sugar and earlier this week got approval from Australia’s Foreign Investment Review Board for its US$1.5 billion purchase of Sucrogen from CSR.

Report tmr at 1pm right? Heng got time to react.

When i saw wilmar's report today i am also v worried. But from the movt today i think still quite ok la. Hope for the best.

Hope this post reach those who are vested in GAR

I may reduce my holdings on this as well. 

RESEARCH ALERT-DMG ups Noble target to S$2.46, keeps "buy"

10 Nov 2010 - 03:47

    SINGAPORE, Nov 10 (Reuters) - DMG & Partners has raised its 
target price for Singapore-listed commodity firm Noble Group 
 to S$2.46 from S$2.24 and kept its "buy" rating. 
     
    STATEMENT: 
    DMG & Partners noted that Noble's agriculture business was a 
key profit driver for its third quarter earnings, helped by 
higher margins for its grains division. 
    Noble reported on Tuesday its third quarter net profit rose 
19 percent to $157.2 million. [ID:nSGE6A80G8] 
    The brokerage also said Noble's management continues to see 
strong demand and prices for soybean in China. 
    "We believe the recent QE2 measures will strengthen liquidity 
in the market and support demand for commodities, driving prices 
up," said DMG in a report. 
    Shares of Noble rose 2.4 percent to S$2.18 at 0321 GMT and 
have risen 3.7 percent so far this year. 
    (Reporting by Charmian Kok; Editing by Raju Gopalakrishnan) 
    ((charmian.kok@thomsonreuters.com; +65 6403 5666; Reuters 
Messaging: (charmian.kok.reuters.com@reuters.net)  
 ((If you have a query or comment on this story, send an email to 
news.feedback.asia@thomsonreuters.com)) 

of course i didn't, tomato. At 2.22 i didn't had the presence of mind to pull out intraday chart indeed gsp way oversold below ma envelope. but even then i will not increase holdings at 2.22 becos i bought back before 930pm watever that was stopped out at the the same prx 2.28! i'm so silly. One thing i didnt place was stop loss this morning becos had i done so, it'll hit my 2nd stop loss and realised losses. Now am just glad it clawed back.

I still recall that selldown day vividly frm 2.23 all the way to 2.10 and closed at 2.13. Clow, bullish and bladez sold and bought back. It just keeps coming back huhh

in Genting we trust...My portfolio is so focused on gambling right now......Genting, LVS, Melco...... haiz

Ok got to go reshuffle my portfolio a little bit. 

GenSp will still be a substantial part of my portfolio. 

i agree as i also view that GSP has got the potential.

guess olam is dwn considering that the expected Q3 result  isnt that good.