ChinaEssesnce. 0.02 to 0.045 run in last few days. YHM (former ChinaENSV): 0.03 to 0.035 in last few mths. Big rewards if you dare to buy in and buy with luck and homework done.
ChinaEssesnce. 0.02 to 0.045 run in last few days. YHM (former ChinaENSV): 0.003 to 0.035 (yes, it is 10 times roughly) in last few mths. Big rewards if you dare to buy in and buy with luck and homework done.
Commodity stocks offer value. We forecast 2013 average CPO price of RM2,750, which is arecovery from the current RM2,230. Factors to drive this include reduction in CPO export duties,Malaysia nationwide rollout of biodiesel, new Indonesia refining capacity and seasonal productiondowncycle.
Our best BUYs in the palm oil space include First Resources (TP: S$2.36) and GoldenAgri (TP: S$0.82). In addition, we are overweight the supply chain management space. Both our BUY calls Noble (TP: S$1.45) and Olam (TP: S$2.20) have good earnings growth potential. For Olam, the upcoming rights issue, with underwriting by Temasek, should allay investorsâ concerns.