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Wilmar to buy 20 pct stake in Kencana Agri-sources
On Wednesday 11 August 2010, 16:43
SINGAPORE, Aug 11 (Reuters) - Singapore's Wilmar
, the world's largest palm oil firm, plans to take a 20 percent stake in small rival Kencana Agri
, sources with knowledge of the deal told Reuters on Wednesday. Kencana's shares were suspended from trading on Friday.
Wilmar and Kencana were not immediately available for comment.
The sources, who could not be identified because the deal has not been made public, did not say how much the transaction was worth but Kencana has a market value of about $260 million.
The deal will be formally announced soon, the sources said.
(Reporting by Charmian Kok, David Fogarty and Harry Suhartono, editing by Raju Gopalakrishnan)
Still no announcement.
When is trading resumed?
Ha ha, CPO had surged in open market. Hence all the commod counters shined last Fri. Some sifus had marched to the bank n enjoy the long weekend liao. AK pui loong, throw half holding before Fri, shit.
Its last 1 H was 13 Aug 09. Likely, it will annc its result next week. The report book must be green loh. Ref to its 1Q result, rose 304% with an increase in revenue of 42%, mainly contributed by the sharp increase in sales vol of CPO.
D cheapest CPO counter at STI, next Tue, if fingers iche, may try ds burger, provided CO remains the momemtum to breach up further. Cheers.
Why trading halt? Any news? Quite active in the last few days.
report very good http://info.sgx.com/webcorannc.nsf/AnnouncementLast3Months/BC409AC73B0B62BE482577210037FA80?opendocument#
any body know why so quite? financial report good lei...
why so quite...financial report said profit 300+% lei....
wake up!!!
waiting & waiting.......
KencanaAgri break 0.335 more upside expected very soon ....
By looking at the chart, it's a nice pattern waiting to breakup anytime. Since Indoagri has been bullish these few days, I'm sure it will follow too. The support now is 0.315, now has nice flag waiting for the pole to emerge if break 0.335. Either you buy at 0.315 to wait or get in when break 0.335. Nowadays a lot of similar patterns challenging January highs to get into the explosion stage. So cheers, more upside expected.
chriscyng ( Date: 11-Apr-2010 19:43) Posted:
| anyone keen to advise on this stock |
|
anyone keen to advise on this stock
Sideway walking
hmm, someone keep putting high volume in 0.325... sigh.. BB push uppppp
Heard this is owned by DR M's family member ? ? ? ?
very well connected ????
Will it break 33c upwards this week ?
Bollinger band tightening !
DBS Group Research 1 Feb 2010
BUY S$0.275
(Upgrade from Hold)
Price Target : 12-Month S$ 0.37 (Prev S$ 0.35)
Reason for Report : New findings, change in forecasts and rating
Potential Catalyst: Completion of deep water port, strong 4Q09 Results
• FY11F revised up 5.1% to account for contribution from new trading arm
• Shift in business model will boost returns but also introduce new risks
• Call upgrade to Buy for 34% upside potential based on 40% discount to DCF
• New trading JV will add value; but investors of pure upstream planters should be aware of risks
up Research
any review on this?
Sudden increase by 3c ? >10% increase ?
