Update for SembMar 16 Apr 2014 - SembMar is looking good to retest $4.12. All 3 indicators are still pointing upwards which is rather positive. Breaking out of $4.12 with good volume that may drive the share prices higher towards $4.18 then $4.27.(trade base on your own decision)
Update for SembMar 8 Apr 2014 - SembMar today form a white soldier and closed well at $4.11 couple with high volume is rather bullish. All 3 indicators are pointing upwards which is rather positive.Short term more likely to head higher towards $4.17 then $4.27.(trade base on your own decision)
Update for SembMar 4 Mar 2014 - SembMar current price of $4.06 present a good opportunity to accumulate. Both RSI & MACD are showing sign of turning upwards which is quite positive. Crossing over of $4.13 with high volume may see it rises further towards $4.23. Full year dividend of 13 cents is also giving quite a decent yield of 3.2 percent. At this moment it is on a consolidation pattern as reflected on the chart. SMA seems to be showing sign of turning upwards of which may help to propel the prices from going higher.
(trade base on your own decision)
Update for SembMar 24 Feb 2014 - SembMar Full Year 2013 result Net Profit increase 3% to $556M. 4th Quarter 2013 Net Profit increase 9% to $182M. A final dividend of 6 cents + special dividend of 2 cents was declared. Total dividend of 13 cents for whole year. A good set of result. Tomorrow may gap up from the closing price of $4.09 today(24th Feb). Both RSI & Stochastic are pointing upwards which is rather positive. Breaking out of $4.17 with good volume that may see the prices rises higher towards $4.30(trade base on your own decision)
Update for SembMar 20 Feb 2014 - SembMar will need to breakout $4.17 in order to move up . Failing which breaking down of $4.04 will see it goes down towards $3.99 soon.
(trade base on your own decision)
Update for SembMar 10 Feb 2014 - SembMar has managed to bounce off from the low of $3.90 on 5 Feb and risen up to $4.07 on 7 Feb with good volume. This is rather positive. With this rebounce, it has also reverse this down trend and may continue to head higher. Both RSI & stochastic are showing sign of turning upwards which is rather positive. Short term more likely to move up to test $4.22 soon.
(trade base on your own decision)
Update for SembMar 05 Feb 2014 -SembMar is still rather bearish as reflection from TA point of view. Yesterday closed lower at $3.94 with quite high volume is rather negative. Short term may continue to go lower to test $3.80 soon.No sign of reversal yet.
(trade base on your own decision)
Update for SembMar 28Th Jan 2014-
SembMar has broken down of the major support at $4.20 on 24th Jan 2014 which is rather bearish. All 3 indicators such as MACD,RSI & Stochastic are still on a downtrend mode. Short term is rather negative. It may continue to trend downwards to $4.00 then $3.80.
(trade base on your own decision)
Update for SembMar 14th Jan 2014 - SembMar looks bearish from the chart-wise point of view as it has just broken-down the recent low of $4.24 and closed at $4.23 . All 3 indicators are also pointing downwards which is quite negative. It may continue to go down and test $4.14 soon.
(trade base on your own decision)
Update for SembMar 6th Jan 2014- SembMar still looking good to go higher. MACD is still showing an uptrend mode. Volume wise for the past 3 days was low which is a good sign. Look for it to breakout $4.46 that will drive the prices higher to $4.50 & above.
(trade base on your own decision)
Update for SembMar 24th Dec - The confirmation to long entry was triggered on 13 Dec and the price now has moved up from $4.25 to $4.37. Chartwise is looking good. All three indicators are also pointing upwards. Look for a breakout at $4.41 to send the price higher to $4.50 soon.
(trade base on your own decision)
Update for SembMar 11th Dec.
SembMar is still showing sign of weakness. If the recent low of $4.25 is broken down, then $4.15 is imminent.Wait for the right signal to enter if you are thinking of going long.
Sembcorp Marine the stock price recently broke below its 50-day MA's support at $4.50, and remains under pressure.Chartwise looks very bearish.The daily RSI is turning down, and entered its negative territory. A breakdown at $4.35,may see it goes down to $4.15 soon.
(Trade base on your own decision)
WIN ToTo First Prize
Fixed Income tips
https://spore-share.com or sporeshare.blogspot.com It is very important to equip and educate ourselves with the Trading or investing knowledge. Don’t rely on tips! Ensure we have a proper plan in place whenever we enter a trade. Don’t speculate and trade without knowing what you are trying to achieve. Only trade when the trading opportunity arise. All information provided is just just for sharing. (Trade/Invest base on your own decision!)
Tuesday, December 3, 2013
Monday, December 2, 2013
CoscoCorp
Update for CoscoCorp 10 May 2014- All 3 indicators are still pointing upwards which is rather positive. Cosco is still looking good to conquer 76.5 cents and move up higher towards 79.5 cents soon.(trade base on your own decision)
Update for CoscoCorp 05 May 2014- Cosco had managed to fill up the gap at 72.5 cents after it went ex.dividend on 29 April. This is rather bullish. Breaking out of 75 cents with good volume may see it rises towards 76.5 cents then 79 cents.(trade base on your own decision)
Update for CoscoCorp 22 Apr 2014- Cosco has a nice breakout today at 73 cents and closed well at 73.5 cents. Volume is rather high that signify more people are buying. This is rather bullish. Short term more likely to head higher towards 76.5 cents then 79.5 cents.(trade base on your own decision)
Update for CoscoCorp 9 Apr 2014- Cosco is holding up well at the current price of 72 cents. All 3 indicators are still pointing upwards which is rather positive. Looking good to breaking out 73 cents and rises higher towards 76.5 cents soon(trade base on your own decision)
Update for CoscoCorp 28 Mar 2014- Cosco had indeed went up to fill up the falling gap at 70.5 cents and closed well at 73 cents on 4th April. All 3 indicators are pointing upwards which is rather positive. Short term it may move up to test 73.5 cents . Breaking out of 73.5 cents with good volume that may drive the share prices to 76.5 cents then 78 cents. (trade base on your own decision)
Update for CoscoCorp 28 Mar 2014- Cosco today has broken out the major resistance at 69,5 cents and went up higher to fill up the falling gap at 70.5 cents. This is rather bullish. All 3 indicators are also pointing upwards which is positive. Volume wise has also picked up/quite high and more likely to drive the share prices higher towards 75.5 cents.(trade base on your own decision)
Update for CoscoCorp 1 Mar 2014- Cosco seems to be holding up well at the current price of 69 cents. RSI is showing sign of turning upwards which is quite positive.It will need to fill up the gap at 70.5 cents in order to go higher towards 72.5 cents.(trade base on your own decision)
Update for CoscoCorp 11 Feb 2014- Cosco seems to have bounced off from the low of 69 cents on 6th Feb and slowly moved up to close at 71.5 cents. Volume has also slightly picp-up which is quite positive. Also all 3 indicators such as MACD,RSI & Stochastic are also showing sign of turning upwards which may help to drive the share prices higher. Breaking out of 73.5 cents will high volume that may see the prices rises towards 76.5 cents soon.
(trade base on your own decision)
Update for CoscoCorp 27 Jan 2014 - Cosco is showing a doji as reflected on the chart today with high volume and managed to closed at 71 cents. This may have hit the bottom supported price. Let's hope that it can bounce up from here in order to prevent the prices from trending further downwards. If not, breaking down of 71 cents may re-test 66.5 cents soon.
(trade base on your own decision)
Update for CoscoCorp 21 Jan 2014 - Cosco is rather weak and it is still hovering between 71 - 75 cents. It will need to move up and cross over 76.5 cents with good volume in order to reverse this consolidation pattern and go higher to 80 cents. If not, breaking down of 71 cents will be very bearish.
(trade base on your own decision)
CoscoCorp Seems to be holding up well at 71 - 73 cents. looking for positive sign to see if it is able to breakout 76 cents with strong volume that might send the share prices moving up to 80 cents and above. Looking good.
Another new contract for 2 64000DWT Bulk Carrier just secure. Very strong order book
This augur well for the stock prices to move up in time to come.
(trade base on your own decision)
100% Free No Admin fee survey paid
Win ToTo or Lottery Top Prize
Update for CoscoCorp 05 May 2014- Cosco had managed to fill up the gap at 72.5 cents after it went ex.dividend on 29 April. This is rather bullish. Breaking out of 75 cents with good volume may see it rises towards 76.5 cents then 79 cents.(trade base on your own decision)
Update for CoscoCorp 22 Apr 2014- Cosco has a nice breakout today at 73 cents and closed well at 73.5 cents. Volume is rather high that signify more people are buying. This is rather bullish. Short term more likely to head higher towards 76.5 cents then 79.5 cents.(trade base on your own decision)
Update for CoscoCorp 9 Apr 2014- Cosco is holding up well at the current price of 72 cents. All 3 indicators are still pointing upwards which is rather positive. Looking good to breaking out 73 cents and rises higher towards 76.5 cents soon(trade base on your own decision)
Update for CoscoCorp 28 Mar 2014- Cosco had indeed went up to fill up the falling gap at 70.5 cents and closed well at 73 cents on 4th April. All 3 indicators are pointing upwards which is rather positive. Short term it may move up to test 73.5 cents . Breaking out of 73.5 cents with good volume that may drive the share prices to 76.5 cents then 78 cents. (trade base on your own decision)
Update for CoscoCorp 28 Mar 2014- Cosco today has broken out the major resistance at 69,5 cents and went up higher to fill up the falling gap at 70.5 cents. This is rather bullish. All 3 indicators are also pointing upwards which is positive. Volume wise has also picked up/quite high and more likely to drive the share prices higher towards 75.5 cents.(trade base on your own decision)
Update for CoscoCorp 1 Mar 2014- Cosco seems to be holding up well at the current price of 69 cents. RSI is showing sign of turning upwards which is quite positive.It will need to fill up the gap at 70.5 cents in order to go higher towards 72.5 cents.(trade base on your own decision)
Update for CoscoCorp 11 Feb 2014- Cosco seems to have bounced off from the low of 69 cents on 6th Feb and slowly moved up to close at 71.5 cents. Volume has also slightly picp-up which is quite positive. Also all 3 indicators such as MACD,RSI & Stochastic are also showing sign of turning upwards which may help to drive the share prices higher. Breaking out of 73.5 cents will high volume that may see the prices rises towards 76.5 cents soon.
(trade base on your own decision)
Update for CoscoCorp 27 Jan 2014 - Cosco is showing a doji as reflected on the chart today with high volume and managed to closed at 71 cents. This may have hit the bottom supported price. Let's hope that it can bounce up from here in order to prevent the prices from trending further downwards. If not, breaking down of 71 cents may re-test 66.5 cents soon.
(trade base on your own decision)
Update for CoscoCorp 21 Jan 2014 - Cosco is rather weak and it is still hovering between 71 - 75 cents. It will need to move up and cross over 76.5 cents with good volume in order to reverse this consolidation pattern and go higher to 80 cents. If not, breaking down of 71 cents will be very bearish.
(trade base on your own decision)
CoscoCorp Seems to be holding up well at 71 - 73 cents. looking for positive sign to see if it is able to breakout 76 cents with strong volume that might send the share prices moving up to 80 cents and above. Looking good.
Another new contract for 2 64000DWT Bulk Carrier just secure. Very strong order book
This augur well for the stock prices to move up in time to come.
(trade base on your own decision)
100% Free No Admin fee survey paid
Win ToTo or Lottery Top Prize
Genting SP
Update for Genting SP 10 May 2014 - Genting Sing is still looking good to trend higher as reflected from TA point of view. All 3 indicators are still pointing upwards which is rather positive. Breaking out of $1.35 with good volume that may see it rises towards $1.405 soon(trade base on your own decison)
Update for Genting SP 22 Apr 2014 - Genting Sing has a nice breakout today at $1.345 and closed higher at $1.35. This is rather bullish. Volume is also quite high which indicates more people are buying. All 3 indicators are pointing upwards which is rather positive. Short term more likely to head higher towards $1.375 then $1.40 soon.(trade base on your own decision)
Update for Genting SP 13 Apr 2014 - Genting is holding up well above $1.30 price level. All 3 indicators are pointing upwards which is rather positive. Short term more likely to move up to test $1.345. Breaking out of $1.345 with good volume that may propel the share prices to head higher towards $1.375 then $1.40.(trade base on your own decision)
Update for Genting SP 29 Mar 2014 - Genting seems to have bounced off from the low of $1.30 on 25 Mar had had since risen up to $1.33 on 28 Mar. Volume is also quite high which is generally healthy and may likely to support the share prices of heading higher towards $1.36. All 3 indicators are pointing upwards which is rather positive. Breaking out of $1.36 with good volume may see it risen up towards $1.40 .(trade base on your own decision)
Update for Genting SP 12 Mar 2014 - Genting is holding up well above $1.32 this is generally healthy. All 3 indicators such as MACd,RSI & stochastic are turning upwards which is rather positive. Immediate task is to see if it is able to breakout $1.36 with good volume that may help to drive the share prices higher towards $1.405 then $1.435.(Trade base on your own decision)
Update for Genting SP 5 Mar 2014 - Genting is hovering between $1.32 to $1.37. RSI is showing sign of turning upwards which may lend support for supporting the share prices from going down. $1.32 seems to be the immediate support level. It will need to breakout $1.36 with good volume in order to reverse this downtrend and move up.(trade base on your own decision)
Update for Genting SP 2 Mar 2014 - Genting is rather bearish as reflected from TA point of view. Stochastis is showing sign of being oversold. It will need to move up to fill up the falling gap at $1.39 in order to reverse this downtrend and move up.
( trade base on your own decision)
Update for Genting SP 7th Feb 2014 - Genting today has managed to breakout $1.375 with high volume and closed well at $1.39. This is rather bullish. This has triggered the reversal pattern and is more likely to continue to trend higher towards $1.50 then $1.60. All 3 indicators are also showing sign of turning upwards which is quite positive .
(trade base on your own decision)
Update for Genting SP 31st Jan 2014 - Happy Chinese New Year To All!
Genting SP is looking super bearish from TA point on view. It has experienced several gap down and closed at $1.38 on 30th Jan which is rather negative. Short term it may continue to go down to test $1.30. Is better to wait for reversal signal if you are thinking to buy.
(trade base on your own decision)
Update for Genting SP 20th Jan 2014 - Genting seems to be drifting lower and lower each day. It is currently hover between $1.43 to $1.51. It will need a convincing push above $1.51 in order to go higher. Presently all 3 indicators are pointing downwards which does not bode well for the prices to move up. It may go down to test $1.43.
Sometime it may surprise you as this counter use to run up during CNY period.
(trade base on your own decision)
Update for Genting SP 10th Jan 2014 - Genting is trying hard to breakout $1.51 on two occassion but was not able to do so. Chart-wise still looking good with both the MACD & RSI are still showing sign of turning upwards. It may re-attempt to test $1.51 soon. Breaking out of $1.51 with good volume that may drive the share prices higher to $1.55 then $1.60
(trade base on your own decision)
Update for Genting SP 3rd Jan 2014 - Genting Sp is still looking good to move up further. Both MACD & Stochastic are still on a uptrend mode.First signal will be waiting for it to clear the immediately resistance at $1.50. Breaking out of $1.50 with good volume may see it move up to $1.55.
(trade base on your own decision)
Hair Loss No More
Update for Genting SP 20th Dec 13 - Genting Sp has been hovering between $1.425 - $1.465. It will need to cross over $1.485 with good volume in order for it to rise to $1.50 and above.
Looking good to conquer $1.55 anytime soon. Both MACD & RSI is on the rising trend. Breaking out of $1.55 with strong volume will be moving up to $1.60.
( trade base on your own decision)
Genting Singapore (GS) reported 3Q13 earnings (attributable to shareholders) of S$193.0m, versus our S$190m forecast, as both gaming and non-gaming segments performed better. Going forward, management has turned slightly more positive, as compared to the previous quarter, after seeing a better spread of VIP customers coming from SE Asia and not just China. It is also seriously exploring gaming and non-gaming opportunities in the region; and expects to announce something in the next 12 months. In line with the continued margin improvement, we up our DCF-based fair value from S$1.41 to S$1.47. But given the limited upside, we maintain our HOLD rating and would be buyers closer to S$1.40. quote from (Carey Wong Ocbc Research)
Win Toto First Prize
Update for Genting SP 22 Apr 2014 - Genting Sing has a nice breakout today at $1.345 and closed higher at $1.35. This is rather bullish. Volume is also quite high which indicates more people are buying. All 3 indicators are pointing upwards which is rather positive. Short term more likely to head higher towards $1.375 then $1.40 soon.(trade base on your own decision)
Update for Genting SP 13 Apr 2014 - Genting is holding up well above $1.30 price level. All 3 indicators are pointing upwards which is rather positive. Short term more likely to move up to test $1.345. Breaking out of $1.345 with good volume that may propel the share prices to head higher towards $1.375 then $1.40.(trade base on your own decision)
Update for Genting SP 29 Mar 2014 - Genting seems to have bounced off from the low of $1.30 on 25 Mar had had since risen up to $1.33 on 28 Mar. Volume is also quite high which is generally healthy and may likely to support the share prices of heading higher towards $1.36. All 3 indicators are pointing upwards which is rather positive. Breaking out of $1.36 with good volume may see it risen up towards $1.40 .(trade base on your own decision)
Update for Genting SP 12 Mar 2014 - Genting is holding up well above $1.32 this is generally healthy. All 3 indicators such as MACd,RSI & stochastic are turning upwards which is rather positive. Immediate task is to see if it is able to breakout $1.36 with good volume that may help to drive the share prices higher towards $1.405 then $1.435.(Trade base on your own decision)
Update for Genting SP 5 Mar 2014 - Genting is hovering between $1.32 to $1.37. RSI is showing sign of turning upwards which may lend support for supporting the share prices from going down. $1.32 seems to be the immediate support level. It will need to breakout $1.36 with good volume in order to reverse this downtrend and move up.(trade base on your own decision)
Update for Genting SP 2 Mar 2014 - Genting is rather bearish as reflected from TA point of view. Stochastis is showing sign of being oversold. It will need to move up to fill up the falling gap at $1.39 in order to reverse this downtrend and move up.
( trade base on your own decision)
Update for Genting SP 7th Feb 2014 - Genting today has managed to breakout $1.375 with high volume and closed well at $1.39. This is rather bullish. This has triggered the reversal pattern and is more likely to continue to trend higher towards $1.50 then $1.60. All 3 indicators are also showing sign of turning upwards which is quite positive .
(trade base on your own decision)
Update for Genting SP 31st Jan 2014 - Happy Chinese New Year To All!
Genting SP is looking super bearish from TA point on view. It has experienced several gap down and closed at $1.38 on 30th Jan which is rather negative. Short term it may continue to go down to test $1.30. Is better to wait for reversal signal if you are thinking to buy.
(trade base on your own decision)
Update for Genting SP 20th Jan 2014 - Genting seems to be drifting lower and lower each day. It is currently hover between $1.43 to $1.51. It will need a convincing push above $1.51 in order to go higher. Presently all 3 indicators are pointing downwards which does not bode well for the prices to move up. It may go down to test $1.43.
Sometime it may surprise you as this counter use to run up during CNY period.
(trade base on your own decision)
Update for Genting SP 10th Jan 2014 - Genting is trying hard to breakout $1.51 on two occassion but was not able to do so. Chart-wise still looking good with both the MACD & RSI are still showing sign of turning upwards. It may re-attempt to test $1.51 soon. Breaking out of $1.51 with good volume that may drive the share prices higher to $1.55 then $1.60
(trade base on your own decision)
Update for Genting SP 3rd Jan 2014 - Genting Sp is still looking good to move up further. Both MACD & Stochastic are still on a uptrend mode.First signal will be waiting for it to clear the immediately resistance at $1.50. Breaking out of $1.50 with good volume may see it move up to $1.55.
(trade base on your own decision)
Hair Loss No More
Update for Genting SP 20th Dec 13 - Genting Sp has been hovering between $1.425 - $1.465. It will need to cross over $1.485 with good volume in order for it to rise to $1.50 and above.
Looking good to conquer $1.55 anytime soon. Both MACD & RSI is on the rising trend. Breaking out of $1.55 with strong volume will be moving up to $1.60.
( trade base on your own decision)
Genting Singapore (GS) reported 3Q13 earnings (attributable to shareholders) of S$193.0m, versus our S$190m forecast, as both gaming and non-gaming segments performed better. Going forward, management has turned slightly more positive, as compared to the previous quarter, after seeing a better spread of VIP customers coming from SE Asia and not just China. It is also seriously exploring gaming and non-gaming opportunities in the region; and expects to announce something in the next 12 months. In line with the continued margin improvement, we up our DCF-based fair value from S$1.41 to S$1.47. But given the limited upside, we maintain our HOLD rating and would be buyers closer to S$1.40. quote from (Carey Wong Ocbc Research)
Win Toto First Prize
Friday, December 17, 2010
Preference Shares
Preference Shares offers a better fixed rate of returns as compare to the current low Fixed Deposit rate of about 0.4 - 0.8 per annum.
Preference Shares are being offered by most of the Local Banks such as DBS, OCBC and UOB.
Preferences Shares gives a very good dividends and has rather low risks.
You may see some of the Preferences Shares being listed on the Singapore Stock Exchange as follows :-
DBS 4.7% NCBS , OCBC 4.2%,4.5% and 5.1% NCBS and UOB 5.05% NCBS.
Dividends will be payable semi-annually or twice a year.
Most of these Preferences Shares does not has any maturity date.Meaning it will continue to pay out dividends so long the Bank did not make any redemption.
You may check out the details from the individual bank web site.
N.B.
(Invest at you own decision)
WIN ToTo First Prize
Preference Shares are being offered by most of the Local Banks such as DBS, OCBC and UOB.
Preferences Shares gives a very good dividends and has rather low risks.
You may see some of the Preferences Shares being listed on the Singapore Stock Exchange as follows :-
DBS 4.7% NCBS , OCBC 4.2%,4.5% and 5.1% NCBS and UOB 5.05% NCBS.
Dividends will be payable semi-annually or twice a year.
Most of these Preferences Shares does not has any maturity date.Meaning it will continue to pay out dividends so long the Bank did not make any redemption.
You may check out the details from the individual bank web site.
N.B.
(Invest at you own decision)
WIN ToTo First Prize
Friday, December 3, 2010
Capitaland Limited
Update on 17th Jan 2014 for Capitaland - Capitaland has
been drifting lower and lower each day. Looks very bearish. Breaking
down of $2.90 again may see it goes down to $2.80 then $2.68 soon.
(trade base on your own decision)
Capitaland is a multinational company's core businesses in real estate, hospitality and real estate financial services are focused in growth cities in Asia Pacific, Europe and the Gulf Cooperation Council (GCC) countries.
CapitaLand also leverages on its significant asset base, real estate domain knowledge, financial skills and extensive market network to develop real estate financial products and services in Singapore and the region.
YTD Sep10 Statutory PATMI increased 349% to S$751m
• 3Q Sep10 PATMI down 43% yoy to S$160m
– Due largely to lower recognition on completion of residential projects in Singapore.
Group managed real estate assets total about S$50bn
• Proactive Capital Management
– Strengthened financial flexibility with the issuance of an aggregate S$1b of bonds
– Strong cash liquidity of S$6.4bn
– Healthy Net Debt/Equity of 0.21
Improving outlook across businesses
Sustained demand for homes in China
• Higher revenue contribution from development projects in Australia and Vietnam
• Recovery of demand for serviced residences
Strong overseas contribution
Contributed 58% of Group’s total EBIT
• Strong performances from Australia, China and Other Asia
The share prices has reached a high of $4.23 and has dropped to a low of $3.59 before gaining strength to close at the current price of $3.67.
Technically it is looking attractive to move upwards from the current price of $3.67 and may test $3.85 - $3.95 in the near future.
Ocbc Research has a target price of $4.54.
It has an upward potential of about 23% from the current price.
NB
(Invest at your own decision)
(trade base on your own decision)
Capitaland is a multinational company's core businesses in real estate, hospitality and real estate financial services are focused in growth cities in Asia Pacific, Europe and the Gulf Cooperation Council (GCC) countries.
CapitaLand also leverages on its significant asset base, real estate domain knowledge, financial skills and extensive market network to develop real estate financial products and services in Singapore and the region.
YTD Sep10 Statutory PATMI increased 349% to S$751m
• 3Q Sep10 PATMI down 43% yoy to S$160m
– Due largely to lower recognition on completion of residential projects in Singapore.
Group managed real estate assets total about S$50bn
• Proactive Capital Management
– Strengthened financial flexibility with the issuance of an aggregate S$1b of bonds
– Strong cash liquidity of S$6.4bn
– Healthy Net Debt/Equity of 0.21
Improving outlook across businesses
Sustained demand for homes in China
• Higher revenue contribution from development projects in Australia and Vietnam
• Recovery of demand for serviced residences
Strong overseas contribution
Contributed 58% of Group’s total EBIT
• Strong performances from Australia, China and Other Asia
The share prices has reached a high of $4.23 and has dropped to a low of $3.59 before gaining strength to close at the current price of $3.67.
Technically it is looking attractive to move upwards from the current price of $3.67 and may test $3.85 - $3.95 in the near future.
Ocbc Research has a target price of $4.54.
It has an upward potential of about 23% from the current price.
NB
(Invest at your own decision)
Thursday, November 11, 2010
WILMAR INTERNATIONAL
The Wilmar Group is one of Asia's integrated agribusiness groups and is also a palm oil refiner in Asia.The Wilmar Group is primarily involved in palm oil and related business, with integrated business operations ranging from oil palm cultivation and milling to the refining, processing, branding, merchandising and distribution of a wide range of palm oil and lauric and related products.
Wilmar's products are delivered via a distribution network to more than 30 countries. It is a supplier to the Chinese, Indian, African as well as Middle Easten markets, with its products being sold in bulk to refiners, processors, wholesalers and retailers.
The share prices has shoot up to $6.93 before the release of 3RD Quarter result.
It has retreated from a high of $6.93 to $6.30.
Looking Forward Wilmar might stand to reap the positive benefit of better
Asian economies, especially China, India and Indonesia.
Growing demand for high quality processed agricultural and consumer products due to rising affluence & rapid urbanisation in China
Also Wilmar is well-positioned due to:
–Investment in core businesses and newer markets
–Emphasis on emerging markets
–Strong financial position
–Constantly looking out for attractive investment opportunities
The recent news of venturing into China property business has more or less affected people confidnece level why they are doing something that is not their main core of business.
It may be their long term moves to take advantages of China property boom.
The market has penalised this decision and the shares prices has been dropped substantially from $6 - $5.59
I think for long term is still a good opportunity to consider to accumulate some .
Any further price dropped below $5.50 provide a very good buying opportunity.
N.B.
(Invest at your own decision)
Wilmar's products are delivered via a distribution network to more than 30 countries. It is a supplier to the Chinese, Indian, African as well as Middle Easten markets, with its products being sold in bulk to refiners, processors, wholesalers and retailers.
The share prices has shoot up to $6.93 before the release of 3RD Quarter result.
It has retreated from a high of $6.93 to $6.30.
Looking Forward Wilmar might stand to reap the positive benefit of better
Asian economies, especially China, India and Indonesia.
Growing demand for high quality processed agricultural and consumer products due to rising affluence & rapid urbanisation in China
Also Wilmar is well-positioned due to:
–Investment in core businesses and newer markets
–Emphasis on emerging markets
–Strong financial position
–Constantly looking out for attractive investment opportunities
The recent news of venturing into China property business has more or less affected people confidnece level why they are doing something that is not their main core of business.
It may be their long term moves to take advantages of China property boom.
The market has penalised this decision and the shares prices has been dropped substantially from $6 - $5.59
I think for long term is still a good opportunity to consider to accumulate some .
Any further price dropped below $5.50 provide a very good buying opportunity.
N.B.
(Invest at your own decision)
Subscribe to:
Posts (Atom)