I shorted at 67.5ct.... If I am wrong, I will be stopped.... 68.5ct should be cap....
bring it on ... towards 69 ...
Looks like you managed to short as 0.68 done. I duuno man. Actually GAR has been quite impressive. It went ex-div and managed to stay at around pre ex-div price.
Isolator ( Date: 16-May-2011 11:29) Posted:
| I am queuing to short at 67.5ct.... |
|
what say you, change to long it ?
Isolator ( Date: 16-May-2011 09:59) Posted:
| Seems like the resistance force should be stronger.... |
|
if owners are less willing to part with it because of sterling results .... and with more growing interests to invest in it also because of sterling results ... naturally it will be trending upwards ...
Doubt it will happen this week. Too short a trading week.
eplepl ( Date: 16-May-2011 10:31) Posted:
can this news be pushing up GAR to 0.69 ?
bishan22 ( Date: 16-May-2011 10:10) Posted:
From OCBC research. Take it as a pinch of salt please. 
Golden Agri-Resources Ltd: Raising fair value to S$0.96
Recovery continues in 1Q11. Golden Agri-Resources (GAR) put out
another strong set of results for 1Q11 last Friday, with revenue surging
134% YoY and also 23% QoQ to US$1463.0m, easily meeting 37% of our
FY11 forecast this as GAR continued to benefit from the recovery from the
earlier tree stress and also still-high CPO prices. And because of the higher
CPO output, margins also improved, with gross margin clocking in at around
35.9% in 1Q11, versus 32.6% in 4Q10 and 27.8% in 1Q10 but due to the
higher export taxes, 1Q11 EBITDA margin of 20.9% was still a tad lower
than the 22.5% achieved in 1Q10, though above 4Q10's 19.9%.
Nevertheless, reported net profit still improved by a hefty 161% YoY and
47% to US$230.7m estimated core net profit would have risen 155% YoY
and 56% QoQ to US$226.5m, covering some 45.6% of our FY11 estimate.
Smaller seasonal dip. Due to more favorable weather conditions, CPO
production saw a smaller-than-usual dip of just 15.4% QoQ to 602.6k tons.
Palm product yield was 1.4 tons per ha, versus 1.5 tons in 4Q10 and 1.15
tons in 1Q10. For the quarter, GAR managed to achieve an ASP of US$1150/
ton, up again from the US$924ton in 4Q10 it has also managed to keep
cash cost of production relatively stable at US$260/ton in 1Q11, just up
slightly from US$250/ton in 4Q10. Barring any adverse weather conditions,
GAR believes it should be able to achieve a 5-10% increase in CPO
production for 2011.
Growth strategy still intact. And as before, GAR intends to invest
some US$450m as capex this year. We understand the bulk will go into
its expansion in the high-margin upstream business this as it targets to
increase its planted area by 20-30k ha this year, mainly via its own plantings
but management does not rule out acquisitions (of complementary crops
like rubber and sugar) if opportunities |
|
|
|
can this news be pushing up GAR to 0.69 ?
bishan22 ( Date: 16-May-2011 10:10) Posted:
From OCBC research. Take it as a pinch of salt please.
Golden Agri-Resources Ltd: Raising fair value to S$0.96
Recovery continues in 1Q11. Golden Agri-Resources (GAR) put out
another strong set of results for 1Q11 last Friday, with revenue surging
134% YoY and also 23% QoQ to US$1463.0m, easily meeting 37% of our
FY11 forecast this as GAR continued to benefit from the recovery from the
earlier tree stress and also still-high CPO prices. And because of the higher
CPO output, margins also improved, with gross margin clocking in at around
35.9% in 1Q11, versus 32.6% in 4Q10 and 27.8% in 1Q10 but due to the
higher export taxes, 1Q11 EBITDA margin of 20.9% was still a tad lower
than the 22.5% achieved in 1Q10, though above 4Q10's 19.9%.
Nevertheless, reported net profit still improved by a hefty 161% YoY and
47% to US$230.7m estimated core net profit would have risen 155% YoY
and 56% QoQ to US$226.5m, covering some 45.6% of our FY11 estimate.
Smaller seasonal dip. Due to more favorable weather conditions, CPO
production saw a smaller-than-usual dip of just 15.4% QoQ to 602.6k tons.
Palm product yield was 1.4 tons per ha, versus 1.5 tons in 4Q10 and 1.15
tons in 1Q10. For the quarter, GAR managed to achieve an ASP of US$1150/
ton, up again from the US$924ton in 4Q10 it has also managed to keep
cash cost of production relatively stable at US$260/ton in 1Q11, just up
slightly from US$250/ton in 4Q10. Barring any adverse weather conditions,
GAR believes it should be able to achieve a 5-10% increase in CPO
production for 2011.
Growth strategy still intact. And as before, GAR intends to invest
some US$450m as capex this year. We understand the bulk will go into
its expansion in the high-margin upstream business this as it targets to
increase its planted area by 20-30k ha this year, mainly via its own plantings
but management does not rule out acquisitions (of complementary crops
like rubber and sugar) if opportunities |
|
From OCBC research. Take it as a pinch of salt please.
Golden Agri-Resources Ltd: Raising fair value to
S$0.96Recovery continues in 1Q11. Golden Agri-Resources (GAR) put out
another strong set of results for 1Q11 last Friday, with revenue surging
134% YoY and also 23% QoQ to US$1463.0m, easily meeting 37% of our
FY11 forecast this as GAR continued to benefit from the recovery from the
earlier tree stress and also still-high CPO prices. And because of the higher
CPO output, margins also improved, with gross margin clocking in at around
35.9% in 1Q11, versus 32.6% in 4Q10 and 27.8% in 1Q10 but due to the
higher export taxes, 1Q11 EBITDA margin of 20.9% was still a tad lower
than the 22.5% achieved in 1Q10, though above 4Q10's 19.9%.
Nevertheless, reported net profit still improved by a hefty 161% YoY and
47% to US$230.7m estimated core net profit would have risen 155% YoY
and 56% QoQ to US$226.5m, covering some 45.6% of our FY11 estimate.
Smaller seasonal dip. Due to more favorable weather conditions, CPO
production saw a smaller-than-usual dip of just 15.4% QoQ to 602.6k tons.
Palm product yield was 1.4 tons per ha, versus 1.5 tons in 4Q10 and 1.15
tons in 1Q10. For the quarter, GAR managed to achieve an ASP of US$1150/
ton, up again from the US$924ton in 4Q10 it has also managed to keep
cash cost of production relatively stable at US$260/ton in 1Q11, just up
slightly from US$250/ton in 4Q10. Barring any adverse weather conditions,
GAR believes it should be able to achieve a 5-10% increase in CPO
production for 2011.
Growth strategy still intact. And as before, GAR intends to invest
some US$450m as capex this year. We understand the bulk will go into
its expansion in the high-margin upstream business this as it targets to
increase its planted area by 20-30k ha this year, mainly via its own plantings
but management does not rule out acquisitions (of complementary crops
like rubber and sugar) if opportunities
cheap stocks.. i dont wanna look at it unless it goes up to > 70 or goes down to 61
eplepl ( Date: 16-May-2011 10:07) Posted:
0.7?
Isolator ( Date: 16-May-2011 09:59) Posted:
| Seems like the resistance force should be stronger.... |
|
|
|
Hold on. Just got their results announcement.
Golden Agri Q1 net profit up 161% yr/yr to US$230.7m
SINGAPORE - Singapore-listed palm oil firm Golden Agri-Resources said on Friday its first quarter net profit rose 161 per cent from a year earlier, lifted by higher sales volumes and crude palm oil prices.
The company reported net profit of US$230.7 million in the three months ended March, compared with US$88.5 million a year ago, and said the outlook for the palm oil industry remains positive due to strong demand.
Crude palm oil prices were about 54 per cent higher in this quarter compared to a year ago, the company said. -- REUTERS
Isolator ( Date: 13-May-2011 15:35) Posted:
| I am planning to short it.... lol |
|
I am planning to short it.... lol
yup ... later may see more short-covering actions ...
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