Palm oil gains to six-week high as China signals demand rebound

Written by Bloomberg
Thu Aug 22 2013 12:55:56 PM
(Aug. 22): Palm advanced to the highest level in almost six weeks after data showed China’s manufacturing increased, fueled by domestic demand, and as a weaker Malaysian currency boosted the appeal of the ringgit-denominated futures.

The Edge

open up the 5 yrs price chart and see it is going down even in long term...

wait first...wait for signal...dont rush in

good TP

wonder will this continue slide to 20cts

shopping time

the whole market is in panic

panic sell off by investor

I have confidence it will move down $1.45 and below as well. By looking at current market situation.

sell then wait for good timing to buy back, dont hold for the sake of holding...

luyee, there is no reason to cut loss. ILB is now cash rich after disposing IL Shenzhen and IL Henan in China with estimated $400 million cash pile.
Net cash per share is $2.19 , NTA per share is worth $2.13, now the share is only valued at $1.83, undervalued....is very possible they may annouce special dividend to shareholder if there is no plan to acquire any business, which seem unlikely they would if otherwise they will not dispose IL in China market.
My own assessments. you think about it.

Forex risks seen for AirAsia X

Written by Jeffrey Tan of theedgemalaysia.com
Wed Aug 21 2013 3:14:08 PM

KUALA LUMPUR (August 21): AirAsia X Bhd may have to contend with costlier fuel in the third quarter ending September 30, 2013 (3QFY13) as the US dollar (USD)strengthens against the ringgit, analysts said.

As jet fuel is priced in USD, analysts said the long-haul budget airline may have to pay more for fuel in ringgit terms.

In a note today, Alliance Research Sdn Bhd analyst Tan Kee Hoong said while AirAsia X's fuel cost declined 5.3% in 2QFY13 from a year earlier, the research firm "believes this trend will reverse in the coming quarter as fuel cost in ringgit terms should rise in tandem with the strengthening USD.

"We are cautious on AirAsia X’s exposure to the USD (+7.1% YTD). As we have highlighted previously, a 1% appreciation of USD vis-à-vis ringgit will reduce AirAsia X's earnings by approximately 8% to 13.7% for FY13-FY15".

Tan also cautioned investors on the impact of a weakening Australian dollar (AUD) versus the ringgit on AirAsia X.

"In addition, AUD is also depreciating against the ringgit. Passenger yield in ringgit terms will be affected if AUD continues to weaken going forward. This will adversely impact AirAsia X, as the Australia market is its most profitable segment," Tan said.

Against the USD over the last six months, the ringgit has weakened to RM3.294 today from the RM2.957 seen on May 7, Bloomberg data show.

Compared to the AUD, the ringgit has strengthened to RM2.9756 from RM3.2578 seen on March 22.

Despite being optimistic of AirAsia X's long-term potential, Alliance recommended that investors stay on the sideline. This is in view of the strengthening USD and the delay in the opening of KLIA2, both of which, may hamper AirAsia X's near-term growth prospects.

Instead, Tan prefers AirAsia Bhd for exposure to the aviation sector. This is given its cheaper valuation vis-à-vis AirAsia X, lower implementation risks and lower sensitivity to USD.

-the Edge, 21 Aug

you probably can hope something from CSL...i guess he is now berry busy no time to look at star

this forum is now been contaminated...

Star is MCA controlled....the dividen is kind of uncertain.

Palm oil trades near five-week high as Malaysian exports advance
Written by Bloomberg
Wed Aug 21 2013 12:10:43 PM
(Aug. 21): Palm oil traded near a five-week high on speculation that increasing shipments from Malaysia, the second-largest producer, signal improving global demand.

The contract for November delivery swung between gains and losses of at least 0.4 percent before trading little changed at 2,332 ringgit ($708) a metric ton on the Bursa Malaysia Derivatives by 11:52 a.m. in Kuala Lumpur. Futures closed at 2,333 ringgit on Aug. 19, the highest price since July 11. Palm for physical delivery in September was at 2,400 ringgit yesterday, according to data compiled by Bloomberg.

wait and see.

there goes the strong support...

is fallen below sma60, a positive rebound is possible.

till 31/12/12

Revenue:
Utusan -> $ 366,553,000
Mediac -> $1,460,865,000

$1b difference in revenue

EPS:
Utusan -> (14.40 cents) negative
Mediac -> 11.60 cents positive

Negative earning per share.

Profit Attribute to Shareholder:
Utusan -> $ 17,462,000
Mediac -> $195,537,000

ROE:
Utusan -> n.a.
Mediac -> 15.3%

What they can compare to Mediac?

tomorrow T+3...good luck to those still holding

just bought some... 2.07

sapu

Good buy now

bought at 1.10

yes agreed

That's enough for today. Not being greed. Happy with it...good luck folks

$1.50...wao wao wao...i always have confidence on this stock...

today hit $1.41....

making loss to sell will invite big questions to these board of directors, including chairman.

the main shareholder in MAS is Khazanah 70%, Najib is the chairman of Khazanah.

there is no one care about fundamental now...

once issue UMA then trading may suspend...

all just goreng saje...

EPF is very frequently disposing this stock....

16/08/2013 EMPLOYEES PROVIDENT FUND BOARD Disposal of Shares 170,000
15/08/2013 EMPLOYEES PROVIDENT FUND BOARD Disposal of Shares 41,300
14/08/2013 EMPLOYEES PROVIDENT FUND BOARD Disposal of Shares 82,200
13/08/2013 EMPLOYEES PROVIDENT FUND BOARD Disposal of Shares 114,400
12/08/2013 EMPLOYEES PROVIDENT FUND BOARD Disposal of Shares 6,100
07/08/2013 EMPLOYEES PROVIDENT FUND BOARD Disposal of Shares 534,400

fast in fast out...

>...Companies that have high borrowings in US dollars would also be hit, as they have to fork out more to service their loans.

Some companies like Tenaga Nasional Bhd (TNB) would be affected too, as most of their debt papers were denominated in US dollars, analysts pointed out.

Kaladher said it would also be costlier for TNB to buy coal but noted that the level of impact was not great, as the price for the commodity had come down quite substantially since earlier this year. Other companies that had high foreign debt were MISC Bhd and AirAsia Bhd, CIMB Research said....

no good no good.

should read this:

http://www.thestar.com.my/Business/Business-News/2013/08/16/Doubts-over-China-statistics-Questions-arise-over-just-how-much-its-GDP-is-growing.aspx

Is never too late to buy a share...but i would rather wait till they explain chances of winning the case first...

When will AA setup a hub in China?

Alright, we will see what is Hibiscs stock price. If this will reach $2 before next coming CNY on 31 Jan.

if you are interested to this stock, you shall first understand the business this counter is in.

Cocoa price up is good for cocoa planter, a grinder likewise they would be paying higher price to procure the raw material for processing in house and supply to worldwide market.
GCB is fourth largest cocoa grinder in the world. Other big players in cocoa food sector such as Barry Callebaut in Switzerland, ADM and Cargill in US.

GCB will also face profit or loss in currency however the impact is less significant. For 2012 as example, gross profit was RM164 millions, losses in foreign currency was RM1.7 millions. About 1%.

To manage the above transaction exposure, GCB uses Forward currency contracts and Commodity futures contracts to mitigate risk. They will hedge their sales and purchases denominated in USD, AUD, Pound and Euro. They will also monitor and manage the inventory of raw material changes inline with cocoa bean price movements.

Though Europe and North America economy crisis has impact to the demand however we can see there is already growing demand in Asia. May overtake Europe and US one day as largest consumer of chocolat product.

And with the setup of second facilities at Batam will further boost the capacity, further strengthen their position and lower their production cost in long run.

collect again.

Actually i think today is not a good time to go in. This stock already up consecutively 8 trading days. Adjustment would be around the corner probably next week (just my own prediction, i may be wrong)...further on external factor the next scheduled FOMC meeting Sept. 17-18, this may more or less affect the market sentiment and those foreign buyers.

And do not post such thing as "Price drop today" at time 10:47am, is too early Grandma. Be patient like a young man pls...

Grandma, by end of today price of E&O is up +$0.04.
Every stock will have up and down at time of trading...i dont understand what you are trying to say is dropping.

If you read from the edge finance:
...E&O indicates it would take 60 to 90 days for the DEIA (Detailed Environment Impact Assessment) to be wrapped up and it also hoped to conclude the traffic impact assessment (TIA) at the same time.
This means by end-November, E&O could have all the approvals in place to start reclaimation work on STP2. If so, this would hugely positive for E&O as we estimate the gross development value for the project at a massive RM25 billion to RM30 billion.

http://www.theedgemalaysia.com/in-the-edge-financial-daily-today/249895-eaos-flagship-project-set-to-take-off.html

Pls check your facts also Grandma.

Grandma
Stock: [E&O]: EASTERN & ORIENTAL BHD

Aug 16, 2013 10:47 AM | Report Abuse

Cheeseburger, price drop today. Grandma already said it will happen today. Btw there is no detailed assessment as you claim. Its just an assessment. A detailed assessment can take up to 3 year before for anything can start.

goreng make ppl happy

Not sure where you get the GDV value but the stp2 estimation of GDV of the project is at RM25B to RM30B.
There is timeline to get all approval in terms of detailed environment impact assessment, traffic impact assessment. By then, it would be a little late to start accumulating as all coming newsflow on stp2 may excite the share price few months down the road.

GST is applied to all goods, not just brewery right?

Surprising it will retest all time high of $1.39. i have a thought it will only do so by year end but seem faster than i thought. Once break will soon sail into $1.40