GMG Global

Re: GMG Global

Postby winston » Tue Dec 07, 2010 8:06 pm

Not vested. From Kim Eng:-

GMG trades at a P/B of 3.0x. 

The market has priced in its sharp earnings turnaround with 9M annualised PER of around 30x. 

However, the TBH acquisition has the potential to provide the next earnings leg‐up.


http://www.remisiers.org/cms_images/ssu07122010ke.pdf
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: GMG Global

Postby kiasiDBT » Sat Dec 11, 2010 11:12 pm

For those interested in reading on GMG:

http://www.sharesinv.com/articles/2010/ ... ion-path/#
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Re: GMG Global

Postby kiasiDBT » Sun Dec 12, 2010 10:52 pm

GMG may be the next to chiong after gallant.

Below is my TA analysis but as they say, the mkt is like a ball and the ball is round, can go any direction depending on mkt sentiments and any sudden bad news (if any):

All the ma trending up, bolllinger constricting, long consolidation, all the indicators like MFI, momentum, ROC, RSI, stoch, wiliams %R trending up, MACD crossover and turning up, but nothing is 100%, so buy at your own risk and set your stop-loss.
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Re: GMG Global

Postby kiasiDBT » Mon Dec 13, 2010 9:19 am

Rubber surge : Demand soars for major Asian grades

http://www.commodityonline.com/news/Rub ... 8-3-1.html
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Re: GMG Global

Postby kiasiDBT » Mon Dec 13, 2010 3:31 pm

I hit bulleyes again, 1st gallant... now GMG turn to chiong arh...

Hope my next bulleyes to be Sound Global and YZJ.... :lol: :lol: :lol:
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Re: GMG Global

Postby Aspellian » Mon Dec 13, 2010 5:45 pm

Congrats KSDBT!

you are a good trader! ;) Wish you always Huat Huat!

PROMISE, PASSION, PEACE, POWER, PURPOSE, PLAN, PATIENCE, PERSEVERANCE, PROTECTION
DELIGHT, DISCIPLINE, DILIGENT, DETERMINATION, DESIRE

"Its not whether you're right or wrong thats important, but how much money you make when you're right and how much you lose when you're wrong." - Warren Buffet
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Re: GMG Global

Postby kiasiDBT » Mon Dec 13, 2010 6:35 pm

Aspellian wrote:Congrats KSDBT!

you are a good trader! ;) Wish you always Huat Huat!


Many thanks... all the best to u too. :P :P :P

Hopefully my next bulleyes will be Sound Global and YZJ... :lol: :lol: :lol:
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Re: GMG Global

Postby kiasiDBT » Mon Dec 13, 2010 8:39 pm

Good news for commodities, eg rubber, oil, etc

From Bloomberg:

Stocks, Commodities Gain as China Refrains From Rate Increase
By Stephen Voss


Dec. 13 (Bloomberg) -- Stocks in Europe rallied for a sixth day while copper and rubber jumped to records after China refrained from raising interest rates. U.S. Treasuries dropped and stock futures were little changed.

The Stoxx Europe 600 Index advanced 0.4 percent at 10:03 a.m. in London for its longest stretch of gains since July. Futures on the Standard & Poor’s 500 Index rose less than 0.1 percent. Russia’s RTS Index gained 1.1 percent to the highest level on a closing basis since August 2008 while the yen fell against 15 of its 16 most-traded peers. The S&P GSCI index of 24 commodities climbed 0.9 percent, and oil added 0.8 percent after OPEC kept output targets unchanged at a weekend meeting.

China on Dec. 10 ordered banks to set aside larger reserves and didn’t announce an interest-rate increase, even as data released the following day showed the inflation rate reached 5.1 percent last month. As Federal Reserve policy makers meet tomorrow, a U.S. Commerce Department report is likely to show retail sales climbed for a fifth straight month in November.

“We are seeing a bit of a relief rally on the back of the fact that China decided not to raise interest rates over the weekend,” said Richard Hunter, London-based head of U.K. equities at Hargreaves Lansdown Plc. “Those interest rate rises are nonetheless expected at some point.”

The Stoxx 600 rose to the highest level since September, 2008 as more than four companies gained for every one that fell. The index has advanced 9.2 percent in 2010. Kazakhmys Plc and Fresnillo Plc paced a rally in mining shares, rising more than 2 percent.

Wellstream Jumps

Wellstream Holdings Plc jumped 5 percent as General Electric Co. agreed to buy the oilfield-services provider for about 800 million pounds ($1.3 billion). Rhodia SA jumped 4.2 percent after Credit Suisse Group AG recommended the chemicals company. The MSCI Asia Pacific Index climbed 0.5 percent to its highest level in more than a month.

U.S. futures were little changed after the S&P 500 rose for four straight days to its highest level since the week of Lehman Brothers Holdings Inc.’s bankruptcy in 2008. Fed policy makers, due to hold their final meeting of 2010 on Dec. 14, may reiterate the strategy to buy an additional $600 billion of Treasuries through June to try to trim joblessness and avert deflation, or an extended drop in prices.

China Index Rises

China’s Shanghai Composite Index advanced 2.9 percent, the biggest gain in eight weeks. The government is likely to set a target of at least 7 trillion yuan ($1.1 trillion) of new loans for 2011, said two people briefed on the matter. Economists at UBS AG and Bank of America Corp. had forecast a new-loan quota of 6.5 trillion yuan to 7 trillion yuan. The MSCI Emerging Markets Index advanced 0.4 percent, led by energy stocks including PetroChina Co. and Moscow-based OAO Gazprom.

Copper climbed as much as 1.7 percent to a record $9,145 a metric ton and rubber futures jumped as much as 3.8 percent to an all-time high of 396.4 yen ($4.70) a kilogram (2.2 pounds). Crude oil added 67 cents to $88.46 a barrel, and is up 11 percent this year. Silver gained 1.9 percent to $29.215 an ounce. The Organization of Petroleum Exporting Countries kept the production ceiling for 11 of its members at 24.845 million barrels a day.

The yen weakened 0.4 percent to 84.3 per dollar and 111.44 per euro. The Dollar Index climbed 0.2 percent to 80.199, gaining for a sixth-straight day, the longest streak of gains since June. The euro slid 0.1 percent to $1.3216.

U.S. 10-year Treasury yields jumped six basis points to 3.39 percent, the highest since June. The German bund yield was two basis points higher at 2.98 percent. Spanish 10-year bonds fell for a sixth straight day, pushing the yield up five basis points to 5.48 percent.

The Markit iTraxx Financial Index of credit-default swaps insuring the senior debt of 25 European banks and insurers rose 6 basis points to 172, the highest level in three months, according to JPMorgan Chase & Co.
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Re: GMG Global

Postby kiasiDBT » Tue Dec 14, 2010 9:30 am

India rubber shortage pegged at 500000 tonnes

Published on: December 09, 2010 at 10:35

NEW DELHI (Commodity Online): Increasing demand for rubber and lack of supply is likely to bring about a huge shortage of natural rubber in India in coming years. [/color]

Increasing demand from rubber manufacturers coupled with stagnant production could lead to a shortage of up to 500,000 tonnes in the country in the next five years, says an industry expert. [/color]

"Demand for rubber is continuously growing but the production is not growing accordingly; it may lead to a situation where there could be a shortage of more than five lakh tonnes in the next five years," All India Rubber Industries Association President Vinod T Simon said.

He said that at present the total demand for natural rubber in the country is around 950,000 tonnes where as the production is expected to be nearly 850,000 tonnes in 2010.

"Domestic demand for natural rubber, a key component in tyre making, is likely to touch 1.5 million tonnes by 2015 but the production is projected to remain stagnant at 900,000 tonnes," Simon said.

Disruption of production in key rubber producing areas due to adverse weather conditions has pushed the prices of the commodity to record high in both international and domestic market. [/color]

"Rubber prices have tripled in a short span of time but now, we are more worried about the availability of commodity instead of their prices, as it is impossible to increase the production whereas demand is continuously growing[/color]," Simon said.

He said thateven though the government was trying to increase the production- by planting rubber in one lakh hectares in Tripura, which is likely to come to production next year--it wouldn't be sufficient to meet the demand[/color].

Courtesy: Press Trust of India
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Re: GMG Global

Postby kiasiDBT » Tue Dec 14, 2010 6:11 pm

From Commodity Online:

Rubber edges up from overnight slump in Tokyo

Published on: December 14, 2010 at 12:25

TOKYO (Commodity Online) :

b]Tokyo rubber futures edged up Tuesday after an overnight slump of 0.8 percent on profit booking, strengthening yen and fall in crude prices. [/b][/color]

At 3.52 p.m Tokyo time Tuesday, May-delivery was seen trading at 396.2 yen per kilogram. The futures had experienced a small decline of 0 .8 % on Monday, coming down to 392.5 yen per kilogram or 4,703 a metric ton, reported Bloomberg.

The value of heating-oil futures declined on reports that the current winter would be less severe than anticipated in US. This brought about a dent in crude oil prices taking them down froma four day high. On NYMEX, the January contract of crude declined 0.5% and touched $88.13 a barrel.

Yen rose to 83.56 against greenback from a figure of 83.39 even as Federal Reserve policy makers gear up to discuss interest rates and bond purchases Tuesday.

The slowing down of rubber rally is perceived to be short-term as natural rubber prices in Thailand registers a rise. [/color]

The largest producer and exporter of natural rubber, Thailand, has seen an increase in cash prices of the commodity that touched record high of 141.05 baht a kilogram from a Monday low of 138.55 baht due to increased demand from China and India.

Heavy rains in Thailand have ensured a slump in domestic production of rubber. The prices may rise further because of farmers would reduce tapping levels, known as “wintering”. [/color]

Tyre manufacturers have announced increase in product prices.

In Shanghai, May-delivery rubber climbed as much as 1.9 % to a one-month high of 35,990 yuan ($5,408) a ton Monday. The contract had climbed to a record high of 38,920 yuan on Nov. 11.
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