Golden Agri-Res    Last:0.325    +0.035

GoldenAgr

Hope it gap down tmr.... Most likely...

 

With the Euro and US debts still outstanding, all aree bear traps. lol we became the victim

rotijai      ( Date: 16-Aug-2011 17:02) Posted: this boat was one big trap.. it was so bullish when it broke out at 72 cents.. nowadays all the break outs are real fake -_-

 

this boat was one big trap..

it was so bullish when it broke out at 72 cents..

nowadays all the break outs are real fake -_-

 

Short...........

 

Is going up .. May 68 cents soon..

 

Golden Agri-Resources achieves record first half performance in 2011 · First half 2011 EBITDA reached US$561 million and net profit came in at US$411 million, more than doubling last year’s achievement · Strong recovery in palm products output combined with robust CPO prices support the strong financial performance Singapore, 11 August 2011 - Golden Agri-Resources Ltd (“GAR”) recorded its best performance to date for the half year ended 30 June 2011. This was supported by strong Crude Palm Oil (“CPO”) prices and recovery in fruits production. GAR continued to deliver sterling results with revenue reaching US$3.06 billion or a 127% increase compared to the same period last year, while net profit grew by 166% to US$411 million.

 

On Monday, Golden Agri re-test the support at $0.62 and closed at $0.64 with HIGH volume of 0.186 billion shares traded.

A long black candles stick with lower shadow affirms on the huge selling pressure on the stock but bulls buy on the critical support of $0.62

Both RSI & MACD are bearish though RSI near oversold region.

Important Resistance of Golden Agri: $0.65

Immediate Support of Golden Agri: $0.635

Currently prices are well below 20/50/100/200 days MA.

Golden Agri has always been............... READ MORE

 

 

Why not?... maybe even lower than that...

timqoo      ( Date: 09-Aug-2011 10:37) Posted: still at 0.64. don't know whether got chance to buy at 0.49 price of 21st may last year?

 

still at 0.64. don't know whether got chance to buy at 0.49 price of 21st may last year?

 

PT SMART carries out Golden Agri’s downstream business covering refinery, cooking oil and oleochemicals as well as 108,589 ha of its nucleus planted area out of Golden Agri’s total nucleus planted hectarage of 352,124 ha. Due to the decline in palm oil price in 2Q, earnings from PT SMART’s plantation segment plunged 31.8% q-o-q. This was however mitigated by its downstream earnings, which soared from IDR47.4bn in 1Q to IDR160.1bn in 2Q. As Golden Agri itself is upstreamheavy, PT SMART’s plantation segment earnings suggest that there would be some decline in Golden Agri’s 2Q earnings. We believe this would be mild due to contribution from its China business. Our net profit forecast for FY11 stands at SGD555.4m. Assuming the worst-case scenario whereby Golden Agri’s 2Q earnings fall by 31.8% q-o-q to mirror PT SMART’s upstream earnings decline, its earnings will come in at SGD145.2m. For 1H, it would have totaled SGD358.1m, which means that the company only needs to make another SGD197.3m in 2H to meet our forecast. Given this scenario, we are likely to raise our forecasts pending the 2Q results in view of our expectation of a counter-trend rally in CPO price in 2H. Maintain Buy with fair value of SGD0.89. Golden Agri is easily the best stock to own to play the counter-trend rally given its liquidity and leverage to CPO price.

 

If can break above 0.75 maybe can head towards 0.78.... chart looks quite nice IMHO.

 

some people take some profits some of the time, as always....

commodities counters still at plays....

 

GoldenAgr moving up slow and steady.

I believe it's going into an uptrend liao.

 

Seems like it is not able to reach 75 cents... May see it goes back to 72.5 - 73 cents...

New123      ( Date: 31-Jul-2011 21:51) Posted: Can we see 75 cents tmr?

 

Can we see 75 cents tmr?

 

If you are comfortable with the stability and profitability of the company, I'd say S$0.73 or lower. My personal TP is at least 0.76, but I bought in @0.68, so have margin to play with and can afford to see how the company performs and price chart progresses over time.

Greenbean      ( Date: 29-Jul-2011 12:14) Posted: what is a good entry price while waiting?  thanks. alexchia01      ( Date: 29-Jul-2011 11:55) Posted: Looks like we are going to wait a little bit more for this bugger to run. Uptrend still intact, so I'm feel good here.

 

what is a good entry price while waiting?  thanks.

alexchia01      ( Date: 29-Jul-2011 11:55) Posted: Looks like we are going to wait a little bit more for this bugger to run. Uptrend still intact, so I'm feel good here.

 

Looks like we are going to wait a little bit more for this bugger to run.

Uptrend still intact, so I'm feel good here.

 

But this stock has great potential... 

 

 

Ancient rules work only when few or none know about it.

    In this age and time, olden rules usually do not work anymore.

        The world is different today...         

iPunter      ( Date: 29-Jul-2011 08:50) Posted: You buy on breakout?     That is an ancient rule...                 everyone knows that... alexchia01      ( Date: 28-Jul-2011 15:58) Posted: Agrrh... Just brought GoldenAgr, thought that it's going to break out. Now fall back down again. Sigh...