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$2.04 coming ?
wat happened here?? jia lat....why drop so much...worry now
Speakers at the 2011 Palm Oil Conference mostly indicated
that near term palm oil prices will be strong, followed by
softening in 2H11. Reasons for the expectation of strong prices
ranged from late-stage El-Nino impact on palm oil supply,
Indonesian export tax, extension of US biodiesel tax credit,
acreage shift away from oilseeds, global demand shifts and
strong crude oil prices. Arguments for lower prices in 2H11
ranged from lower demand from China to lack of political will
to increase RFS requirement after 2012 given the large US
budget deficit. We continue to expect near term price strength,
followed by lower CPO prices in 2H11. We are reviewing FY11-
13F numbers of RM 2,750, RM2,590 and RM2,610 respectively
with a slight upside bias. For SGX listed CPO stock, top picks
are IndoAgri and Wilmar.
yes vested..
u have ozone?
ozone2002 ( Date: 08-Mar-2011 16:20) Posted:
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GAR up now 70c Wilmar up now 5.3
indo down..ridiculous..
clearly manipulated..
Oil up to 106, GAR wilmar up..
indo down..divergence..buy on weakness..
indo agri in the midst of forming an ascending triangle..
did a fake break @ 2.39
next resistance to look @ is 2.41...break out from there on high vol .. it will break away from its consolidation..
gd luck!
wilma GAR all rallying..
indo still lagging..buy the laggard..
gd luck!
ozone2002 ( Date: 03-Mar-2011 13:17) Posted:
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broke out of resistance today 2.39 on good vol..
vested..
gd luck!
No. It's up 4 cents. Momentum looks good for palm plays today. All up, even the bokok Wilmar is up 5 cents.
epliew ( Date: 25-Feb-2011 09:33) Posted:
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down again... sian.
SINGAPORE, Feb 25 (Reuters) - Indonesian palm oil firm Indofood Agri Resources (IndoAgri)
IndoAgri registered a fourth quarter net profit of 598 billion rupiah ($67.4 million), up from 288 billion rupiah a year earlier. The fourth quarter earnings took the full year attributable net profit to 1.4 trillion rupiah, down 8.2 percent from a year earlier, but ahead of analysts' expectations of 1.2 trillion rupiah. IndoAgri's shares have dropped by more than 19 percent since the beginning of the year, underperforming a 6.8 percent fall in the broader Singapore index < .FTSTI> .
(Reporting by Harry Suhartono Editing by Dhara Ranasinghe) ((Harry.Suhartono@thomsonreuters.com)(+65 6403 5658)
Indofood Agri Resources
Neutral | S$2.46
05:55 AM Feb 21, 2011
Credit Suisse upgrades from Underperform, and raises its target to S$3.00 vs S$2.12, after increasing its FY2011 crude palm oil price assumption to RM2,950 per tonne vs RM2,300/tonne. The house also lifts FY2011 earnings estimates by 57 per cent to reflect its higher CPO price assumptions.
Indofood Agri: said its main operating subsidiary, 90% owned PT Salim Ivomas Pratama (SIMP) is exploring a listing on the Indonesian Stock Exchange, subject to mkt conditions as well as regulatory and sh/h approvals. IFAR intends to retain SIMP as a subsidiary…
Investors may opt for a cautious stance, due to lack of further details. Apart from SIMP, IFAR has no other operating assets, hence the proposed listing could signal IFAR’s intent to diversify away from its core Indonesian agri-business model, perhaps into other geographies or related industries.
Investors may opt for a cautious stance, due to lack of further details. Apart from SIMP, IFAR has no other operating assets, hence the proposed listing could signal IFAR’s intent to diversify away from its core Indonesian agri-business model, perhaps into other geographies or related industries.
FROM UOBKH
China to reduce import tax on edible oils
Analyst: Regional Research Team
Tel: +603 2143 1180
What’s new:
Media reported China might cut import duties on imports of edible oils,
i.e. soybean oil, palm oil and canola oil to 5% from 9%. This is to
stabilise domestic prices amid soaring global food costs.
Implication:
This is positive to the sector, as it would raw material cost for the
downstream players in China. Lower tax could lead to higher import of
edible oil by China government to start restocking after 3-4 months of
releasing soybean and rapeseed from its reserves to the market to subdue
prices.
China is the largest export destination for Malaysian palm oil (about 20%
of total exports). IN 2010, export to China from Malaysia was down 13.6%
yoy in 2010. This news will reduce the market concern of the potential
slower demand from China due to the extreme high prices.
The news has boosted the soybean price on the Chicago Mercantile Exchange
rose by 2.8% to US$14.04/bushel and is likely to reverse the downtrend in
CPO prices as well.
CPO 3-month future prices ease 5% over the last five days from its peak of
RM3,930/tonne to RM3,721/tonnes yesterday on the news of better soybean
harvesting in South America and weakening crude oil prices.
Recommendation:
We still like the mid-cap plantation stocks, and our top picks are: First
Resources (FR SP/Target: S$1.86), Kencana Agri (KAGR SP/Target: S$0.53),
Genting Plantations (GENP MK/Target: RM10.40), Sampoerna Agro (SGRO
IJ/Target Rp3,800) and BW Plantations (BWPT IJ/Target: Rp1,350).
Source: UOB Kay Hian
------------------------------------------------------------
Isn't this good news for palm oil sector? Why Indoagri keeps dropping? Hmm...
Charted Territory - 18 Feb 2011 (OCBC IR)
Indofood Agri - Likely further correction after bearish breaks
Levels to Watch in Trading:
Resistance set at $2.52
Support set at $2.23
Stock Rating: No Rating
Target Px: NA
Last Closing Px: $2.46
52-week Px Range: $1.88 - $2.99
SGX Code: 5JS
BLP Code: IFAR SP Equity
Can't comments. There will be a rebound above your buying price if nothing goes wrong...Not confirm... 
Should I cut loss? Holding from 2.55 :(
Wait for 2.42 -2.43...