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1st R up 5c (5.6%), GoldA up 2c (3.2%), IndoA up 11c (6.9%) & KenA up 2c (6.9%)
Palm Oil stocks moving!
From DBS research 15May09
Kencana Agri FULLY VALUED S$0.30
Chipped by FX losses
• Earnings dropped by 61% y-o-y to US$0.504m, mainly on US$0.532m translational FX losses
• Without FX losses, net profit was c.US$0.876m (-9% y-oy and -58% q-o-q)
• Forecasts revised to include new CPO prices
• TP raised to S$0.24, Rating downgraded to Fully Valued.
All plantation counter move up exccept this one still no movement ?? soon right ??
Hope it will give div FY08 in Jan 09.
yipyip ( Date: 12-Nov-2008 23:57) Posted:
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KENCANA AGRI LIMITED
UNAUDITED FINANCIAL STATEMENT ANNOUNCEMENT FOR PERIOD ENDED 30 SEPTEMBER 2008
Net Profit Q3 +544.7%, 9 months ended +84.2%
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_DEBB2D7B5F90CD17482574FF003A7FDE/$file/Kencana_Results_300908.pdf?openelement
although cheap but is it good to vested?
SEE,... last min 1000K lots let go at 0.335.. better ran.. dont look good.. i''m gonna "short" tomolo... good luck.. cheers.
mati liao.. better jar bot with my gainss..... yahooooo...
I saw very big vol. for this counter and went in @.335 making a book gain right now. Hope to see it go up since value wise it is the cheapest plantation stock in the market. Cheers for those who are vested.
A good day to quote....this newly IPO-ed. closed off at
| KencanaAgri | -- | -- | 0.295 | 0.355 | 0.000 | 0.0 | 86,631,000 | 337,000 | 0.355 | 0.360 | 679,000 | 0.365 | 0.295 |
Trade Summary: before n after trading hours...
| Time | Last | Volume | Bid/Ask |
| 17:05:01 | 0.355 | 1,172,000 | B |
| 16:59:58 | 0.360 | 10,000 | B |
| 16:59:58 | 0.360 | 20,000 | B |
| 16:59:52 | 0.365 | 1,000 | A |
| 16:59:47 | 0.360 | 50,000 | B |
| 16:59:37 | 0.360 | 141,000 | B |
| 16:59:33 | 0.360 | 100,000 | B |
| 16:59:31 | 0.360 | 263,000 | A |
| 16:59:28 | 0.360 | 2,000,000 | A |
Most traded done is at......weighted average price: 0.3297,
| Avg Trade Size: | 79,697.332 |
| Last | Trades | Volume | Bid Volume | Mid | Ask Volume |
| 0.295 | 13 | 1,753,000 | 1,567,000 | 0 | 186,000 |
| 0.300 | 9 | 759,000 | 131,000 | 0 | 628,000 |
| 0.305 | 80 | 5,641,000 | 2,959,000 | 0 | 2,682,000 |
| 0.309 | 1 | 27,000 | 0 | 27,000 | 0 |
| 0.310 | 236 | 13,763,000 | 4,711,000 | 500,000 | 8,552,000 |
| 0.315 | 159 | 10,360,000 | 3,183,000 | 0 | 7,177,000 |
| 0.320 | 85 | 5,029,000 | 2,989,000 | 0 | 2,040,000 |
| 0.325 | 30 | 4,577,000 | 295,000 | 0 | 4,282,000 |
| 0.330 | 21 | 4,915,000 | 4,914,000 | 0 | 1,000 |
| 0.335 | 122 | 10,199,000 | 1,668,000 | 0 | 8,531,000 |
| 0.340 | 72 | 3,176,000 | 117,000 | 0 | 3,059,000 |
| 0.345 | 16 | 2,828,000 | 45,000 | 0 | 2,783,000 |
| 0.350 | 44 | 4,130,000 | 1,861,000 | 0 | 2,269,000 |
| 0.355 | 185 | 16,842,000 | 3,799,000 | 0 | 13,043,000 |
| 0.360 | 13 | 2,631,000 | 321,000 | 0 | 2,310,000 |
| 0.365 | 1 | 1,000 | 0 | 0 | 1,000 |
| TOTAL | 1,087 | 86,631,000 | 28,560,000 | 527,000 | 57,544,000 |
zhuge_liang ( Date: 25-Jul-2008 03:49) Posted:
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Hi Nostramudus & Zhuge Liang,
How is Kencana compared to FirstRes, Golden, Indo and Wilmar ? Table of their PEs, earning per share, and other important fundamentals will be very useful. Thanks
on the contrary, if u buy CO going up, then this burger is a better option for incubating, as it price is much lower as compared to the current lowest palm oil counter, of 50 over cts. very attractive loh. AK view only.
no $ to hold additional counters at this moment liao.
today friday.. weak market some more, not much volume... short now??? to opening price ..,
cheers.
this ipo looks like gone case...
only 2 big boys in it.. won't see large margins if u are thinkin of puntin on tis...
tat's my take on tis
SHORT !?!? hee...
ha ha 41.2 over subcription, amazing IPO record since last Oct.
now 0.31, day high 0.32. not much meat for those ballotted, as no of shares give for each holder is low.
Kencana Agri may fall on debut trade in SGX, as Indonesia-based CPO producer not expected to escape selling pressure in face of falling oil prices. Kencana offered 200 million new shares at $0.305 each (4.6X FY07 P/E), comprising 199 million placement shares, 1 million shares for public. Plantation stocks on SGX down lately as investors concerned CPO prices will stay soft due to recent oil price decline. "The timing is bad as (the listing) is coming at a time when palm oil counters are really getting hammered by the fall in oil prices," says local house trader. Adds public tranche heard 40X subscribed, but placement tranche "only just covered". Company plans to use $6 million net proceeds to buy land, build mills, repay loans.