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Yoh brother, dun worry loh, US CO stockpile unexpectedly low, also affect CO price. But sifu said, CO up, SPC may not up leh. But ds morning, SPC chiong a bit ah. It against our will, short the burger, torture it.
AK say only lah. Your choice loh, esp our Polar Bear's brother, not sure got action or not?
BTW, today is SPC T+3 upon a day b4 Div XD on 12 this mth.
jackjames ( Date: 13-Aug-2008 08:13) Posted:
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my baby finally moved to my average price of Golden Agri. 0.61.. heeeeeeee......
shiew shiew....
hope it can close above 0.61 today... Jia You ! Jia You !
finally drop to near NAV...
now then it's attractive.... hehehhee...
i don't know man.. oil price keep dropping, not a good sign for CPO..
Naproxen ( Date: 12-Aug-2008 23:29) Posted:
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Golden Era for Golden Agri
by 129% from last year
Record first half Net Profit of over USD1.0 billion, increased
Revenue increased by 129% to USD1.6 billion
Gross profit increased by 137% to USD564 million
EBITDA increased by 101% to USD424 million
UGAR27-12-08-08-PowerPointPresentation-HalfYear2008.pdfS$'million 1H 2008 1H 2007 % Change
Jacky James, maybe a rally tomorrow???
jackjames ( Date: 12-Aug-2008 13:51) Posted:
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at one time it was trading at below 10 ct together with Asia F&P in 2000-2002....
Stock Fundamentals
Quotes Delayed 20 Minutes
Updated: 12 Aug 2008 14:17
| SGX Symbol: | E5H | Currency: | SGD |
| Last Done: | 0.570 | Volume ('000): | 16,342 |
| Change: | +0.005 | % Change: | 0.9 |
| Day's Range: | 0.550 - 0.585 | 52 Weeks' Range: | 0.395 - 1.230 |
| Historical EPS ($) a 0.17721 |
NAV ($) b 0.5219 |
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| Historical PE 3.217 |
Price / NAV b 1.092 |
|
| Dividend ($) d 0.035000 |
52 Weeks High 1.230 |
|
| Dividend Yield (%) d 6.140 |
52 Weeks Low 0.395 |
|
| Par Value ($) USD 0.025 |
Market Cap (M) 5686.265 |
|
| Issued & Paid-up Shares c 9,975,904,000 | ||
Fertiliser Cost Management
Fertiliser price moves in tandem with crude oil
and CPO prices, providing a natural hedge
Fertiliser cost accounts for 27% of our total
CPO cash production cost for 1H 2008,
compared to the industry average of 30% to
40%
Impact of higher fertiliser cost is minimised due
to:
Precision in fertiliser application with type and
dosage based on cost/benefit analysis using
leaf sampling
Usage of organic mill wastes as natural fertiliser
GPS-guided aerial manuring to cover expansive plantation hectarage
Increasing yield due to increased prime hectarage and efficient plantation management
Conclusion: fundamentally sound company. Worthwhile for long term investment at current share prices
nett profit 1 billion dollars, hmm...
Golden Agri-Resources achieves record performance as net profit
surpasses US$1 billion mark for the six months ended 30 June 2008
Net profit rises 129% to US$1.02 billion
Revenue increases 129% to US$1.56 billion
Interim of 0.8 Singapore cents declared
GAR, the largest palm oil plantation company in Indonesia and the second
largest in the world, achieved a first half net profit attributable to shareholders of
US$1.02 billion, which was 129% higher than the corresponding period last year.
Revenue grew to US$1.56 billion, marking the first time GARs revenue has
crossed over US$1 billion at half-year.
Earnings per share doubled to 10 US cents compared to the corresponding
previous half-year. The annualised return on equity also rose to 47% from 35%
for full year 2007.
Underpinning the commendable performance was a 22% increase in production
of crude palm oil (CPO), attributable to the increased maturity of GARs oil palm
plantation trees and efficient plantation management.
GAR achieved a 31% increase in sales volume contributed by an improved CPO
production, delivery of end-2007 weather-delayed sales and higher downstream
sales volume with the commencement of its new refinery. GAR also benefited
from the increase in the CPO market price. For the first half of 2008, the average
CPO market price rose to US$1,097 per ton, an increase of 76% over the
previous corresponding period. OUTLOOK
The demand for palm oil, which is predominantly a food product, is expected to
be well-supported into the medium to long term by the burgeoning consumption
of edible oils particularly by the growing middle class in the major developing
economies such as China, India and Pakistan.
Mr Widjaja shared, The fundamental industry factors affecting CPO price remain
valid. The strong global demand for palm oil, especially from developing
countries, is expected to continue. A high barrier of entry persists in the industry
and a long lead time is required to increase CPO production. The demand and
usage of biodiesel also acts as a floor to CPO price, provided that crude oil price
remains high.
GAR's initiatives aimed at further increasing its plantation yields, extraction rates
and harvesting productivity will continue to well-position the Group to capture
opportunities that market conditions may present in future.
Mr Widjaja highlighted, "In line with our focus on building sustainable long-term
earnings, we remain committed to our plans to develop our oil palm plantation
assets and expand our downstream processing capabilities and refining
capacity."
To further fuel its future growth and strengthen its efficiency through economies
of scale, the Group plans to expand its plantation assets by 40,000 to 60,000
hectares this year through new planting and opportunistic acquisitions. In the first
half, 8,000 hectares of new planting took place with the planting programme to
be accelerated in the second half. The Group is also in the process of acquiring
new estates with a total planted area of about 10,000 hectares by the third
Pg 5 of 5
quarter 2008. Two mills are built to increase milling capacity by 125 tons per hour
this year, of which one was completed in June 2008.
Mr Widjaja elaborated, "The continued expansion of our plantation assets is
supported by our own supply of high-yielding quality seeds and managed
effectively by our sophisticated information technology systems aimed at
maximising plantation yields. This will continue to place GAR in a strong position
to extract greater margins from our plantation business."
In the downstream processing and refining segment, GAR has added to its
refining capacity a new 300,000-ton per year refinery in South Kalimantan that
commenced operations in May 2008. The Group's investment in two new kernel
crushing plants in Kalimantan and another new palm oil refinery in Jakarta, which
are currently under construction, will further bolster its well-integrated operations
and enable the Group to capture even greater returns from all levels of the palm
oil value chain once the projects come on stream.
Wow ! Seems like everyone can be a buffet nowadays.. hehehhee..
anyway just wondering what happened to all the cheerleaders ? Ahhhhh... fair weather peeps.....
revenant ( Date: 09-Aug-2008 15:33) Posted:
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Easy to understand?
Only 1 question why split the shares then?
GAR has a simple, easy to understand business. Currently with low pe, low pb, low debt, good roe, time to load more when it hit 52 weeks low.
Its rebound seems weak and might drop lower
So monday just short short short. Short it down.
Worldwide commodities dropped like crazy now, is GAR going to survive the meltdown on Monday? Precious GOLD dropped by US$13, CRUDE OIL dropped by US$4+.
nopss... double of that.. 9,975,904,000
Top 5?
It has 4771085000 shares.
jackjames ( Date: 08-Aug-2008 11:54) Posted:
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watch this counter.... big boys collecting happily now...
alwys top 5 holidings of numerous funds, it will back to its glory soon....
soon, it will go back to 60 cents level..!