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| Olam 1Q net profit likely +34.2% at $25.5m |
Tags: Olam International
| WRITTEN BY DOW JONES & CO, INC |
| TUESDAY, 09 NOVEMBER 2010 10:39 |
Olam International (O32.SG) fiscal 1Q net profit likely +34.2% on-year at $25.5 million, revenue likely +5.8% on-year at $2 billion, according to Dow Jones poll of three analysts.
July-September usually seasonally weaker quarter for Olam as harvest of major crops starts in October. Still, earnings likely boosted on organic growth, contribution from previous acquisitions. More keenly eyed: Market awaits outcome of Olam’s discussions with Louis Dreyfus Commodities for possible merger. “We turn cautious on Olam after a strong run on market interest in the possibility of a merger with Louis Dreyfus,” Nomura says in report, terming the earnings as a likely “non-event.” Olam to report 1Q earnings on Nov. 11 after market close. |
why nobody mention ocbc. slow and steady wins the race!
sell and buy and sell ?
three steps ?
iApple ( Date: 10-Nov-2010 09:47) Posted:
hey ppl,
it's not the first time G13 behaves in such way...
if it really falls to bottom...Big Fish also got nothing to eat...
Think 3 steps aways...don't get caught by their tricks
Bullishtempo...
why u want to trf to OLAM? do u know why it shoot up early this mth?
do you know the deal is cancel? Noble is a relatively better choice...good performance, record revenue yet at lower price...
i should stop :) luv ya |
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| STI slips 0.2% to 3,306.40 at 9.07 a.m. |
Tags: Noble Group | Starhub | Wilmar International
| WRITTEN BY BLOOMBERG |
| WEDNESDAY, 10 NOVEMBER 2010 09:20 |
Singapore’s Straits Times Index slipped 0.2% to 3,306.40 as of 9.07 a.m. local time. About the same number of stocks rose as fell in the benchmark equity index of 30 companies.
Shares on the measure trade at an average 16.1 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to data compiled by Bloomberg. The following shares were among the most active in the market. Noble Group (NOBL SP) gained 1.4% to $2.16. The Singapore-based commodity supplier backed by China’s sovereign wealth fund said third-quarter profit rose 19% to $157.2 million from a year earlier. StarHub (STH SP) declined 0.4% to $2.79. Singapore’s second-largest phone company said third-quarter net profit fell 3.7% to $82 million from a year earlier. Wilmar International (WIL SP) slumped 4.1% to $6.60. The world’s biggest palm-oil trader said third-quarter net income was US$259.5 million ($334.4 million), compared with US$653 million a year earlier. Analysts had expected a profit of US$448.7 million, according to three estimates compiled by Bloomberg. |
Hooray, STI is recovering now.
Thanks BT for your hint on OLAM.
I took a look at the chart, looks good as it broke its resistance at 3.34 yesterday and closed at 3.38. What a good opportunity to buy at 3.33 today. Expect OLAM for follow other commodities stock to announce good result tomorrow.
Cheers
That is my usual play.
Hulumas ( Date: 10-Nov-2010 10:11) Posted:
| It is time to accumulate "IKAN BILIS" due to stock rotational interest commencing! |
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It is time to accumulate "IKAN BILIS" due to stock rotational interest commencing!
LoL
Let me post the analyst prediction for you before you decide.
Gaecia ( Date: 10-Nov-2010 10:09) Posted:
| BT, shld still buy into olam again? I was stopped out on this too, yesterday itchy hand raise stop up by 2 cents else will not get hit. |
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BT, shld still buy into olam again? I was stopped out on this too, yesterday itchy hand raise stop up by 2 cents else will not get hit.
BT / G, How does this stop gap work? You both got different stops. Is it based on Intraday High? Previous day Close? I dont have auto stop, so need to prepare for manual stop. Thanks.
BullishTempo ( Date: 10-Nov-2010 09:32) Posted:
I got stopped out at 2.31, and bought most of it back at 2.27
Gaecia ( Date: 10-Nov-2010 09:30) Posted:
| ME. Hit my stop 2.28 and sold out! Unbelievable, Horror movie right in the mornin |
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My current GenSp holdings is actually still quite a lot.
Just reducing risks.
GenSp still a good stock to hold over long term.
zentarius ( Date: 10-Nov-2010 10:05) Posted:
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Correction in US market too - market consolidated after a streak of bull run + fear for QE2 impact prior to G20 meeting tonight =)
Funny for me - it was up because of good QE2 and down also due to fear of QE2's impact.
I guess it has some impact on Singapore Market as usual. However, I believe it will be better.
Double up my stake in GSP as well. Playing out for result tomorrow. I dont believe it to be bad, considering how well the gambling industry is doing at the moment.
Just my 2 cent
BullishTempo ( Date: 10-Nov-2010 09:58) Posted:
LoL Thanks iPunter  Don't worry guys, just another correction in a bull market. |
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There are many styles, this is the one that I choose because it works for me.
Post positive earnings, the stock will have a upward spike. Usually this is a good time to sell.
Put the profits back into a stock that is about to announce earnings.
After that stock announces positive results, spike up, sell again. And put into another stock.
After earnings season is over, the trading strategy will change to a more sustainable style.
crystal1818 ( Date: 10-Nov-2010 09:58) Posted:
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BT, can enlighten what do you mean by stock rotation post earnings announcements?
Thanks.
BullishTempo ( Date: 10-Nov-2010 09:53) Posted:
Noble has a 19% improvement on profits. It is ok. Pending analyst upgrade should go up again. My style is stock rotation post earnings announcements. Putting some back into GAR and Olam. |
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Correction in US market too - market consolidated after a streak of bull run + fear for QE2 impact prior to G20 meeting tonight =)
Funny for me - it was up because of good QE2 and down also due to fear of QE2's impact.
I guess it has some impact on Singapore Market as usual. However, I believe it will be better.
Double up my stake in GSP as well. Playing out for result tomorrow. I dont believe it to be bad, considering how well the gambling industry is doing at the moment.
Just my 2 cent
BullishTempo ( Date: 10-Nov-2010 09:58) Posted:
LoL Thanks iPunter Don't worry guys, just another correction in a bull market.
iPunter ( Date: 10-Nov-2010 09:45) Posted:
BT has the correct approach to trading...
No scripts.. no contentious calls.. Just plain humble trading, and respect for the market... All should learn from him. 
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sad.. today market no good... don't want to look at it la... you guys have fun
LoL
Thanks iPunter
Don't worry guys, just another correction in a bull market.
iPunter ( Date: 10-Nov-2010 09:45) Posted:
BT has the correct approach to trading...
No scripts.. no contentious calls.. Just plain humble trading, and respect for the market... All should learn from him.
BullishTempo ( Date: 10-Nov-2010 09:37) Posted:
100 lots at 2.28.. Really all depends on GenSp results tomorrow. I am still using a diversified portfolio of stocks, in case GenSp screws up |
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BT.. ["...
I would like to cut down my risks a little bit since its a 50/50 chance...]
BT truly shows the mark of a seasoned and great trader..
I '
tapet ' (salute) you, Sir...
BT, can enlighten what do you mean by stock rotation post earnings announcements?
Thanks.
BullishTempo ( Date: 10-Nov-2010 09:53) Posted:
Noble has a 19% improvement on profits. It is ok. Pending analyst upgrade should go up again. My style is stock rotation post earnings announcements. Putting some back into GAR and Olam.
BullishTempo ( Date: 10-Nov-2010 09:50) Posted:
Only 20% transfer elsewhere. 80% of my former GenSp stocks still with me It could be 2 things that are happening : 1) BBs trying to push GenSp price down and buy cheap. 2) GenSp results not as great as expected. I would like to cut down my risks a little bit since its a 50/50 chance. |
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Go! join us in this counter :D
BullishTempo ( Date: 10-Nov-2010 09:41) Posted:
Ok I am transferring some GenSp to GAR and Olam
BullishTempo ( Date: 10-Nov-2010 09:40) Posted:
| I might be tempted to transfer some GenSp to Olam instead. |
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Good thinking.
spiderman_er ( Date: 10-Nov-2010 09:48) Posted:
I closed my noble at 2.17 too. Last piece of anticipated news out, so closed it while it s still hot. The stock is good, biz is good, but when the px is high, we sell and get ready to buy when it is cheap. This is a painful lesson I learnt in the past. Cheers
fools_gold ( Date: 10-Nov-2010 09:32) Posted:
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Not me and I grabbed another 100 lots at 2.28 which is early since it dropped at 2.26.
The worst thing is, I panicked at sold all my Noble holdings at 2.17 |
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Noble has a 19% improvement on profits. It is ok. Pending analyst upgrade should go up again.
My style is stock rotation post earnings announcements.
Putting some back into GAR and Olam.
BullishTempo ( Date: 10-Nov-2010 09:50) Posted:
Only 20% transfer elsewhere. 80% of my former GenSp stocks still with me It could be 2 things that are happening : 1) BBs trying to push GenSp price down and buy cheap. 2) GenSp results not as great as expected. I would like to cut down my risks a little bit since its a 50/50 chance.
iApple ( Date: 10-Nov-2010 09:47) Posted:
hey ppl,
it's not the first time G13 behaves in such way...
if it really falls to bottom...Big Fish also got nothing to eat...
Think 3 steps aways...don't get caught by their tricks
Bullishtempo...
why u want to trf to OLAM? do u know why it shoot up early this mth?
do you know the deal is cancel? Noble is a relatively better choice...good performance, record revenue yet at lower price...
i should stop :) luv ya |
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