GMG Global

Re: GMG Global

Postby winston » Wed Sep 22, 2010 12:00 pm

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Singapore Hot Stocks-GMG Global surges on as rubber futures up

SINGAPORE, Sept 22 (Reuters) - Shares of Singapore-listed rubber firm GMG Global rose 23 percent to S$0.29, a shade below record high levels, on Wednesday after rubber futures in Tokyo rose to its highest level since late April on expectations of a global rubber shortage.

Over 150 million shares had changed hands by 0329 GMT.

"Worries of a shortage in rubber has turned the spotlight on GMG, which may benefit from the rise in rubber prices," said a local trader.

Key Tokyo rubber futures inched up on Wednesday to hover near their highest level since late April, but gains were capped as the yen resumed its climb against the dollar.

Source: Reuters
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Re: GMG Global

Postby winston » Wed Sep 22, 2010 2:16 pm

And this piece of news can boost the share price by 23% ? Do you know what you are buying ?

GMG Global says eyeing foreign rubber firm in SE Asia

SINGAPORE, Sept 22 (Reuters) - Singapore-listed rubber producer GMG Global , said on Wednesday it is in talks to acquire a foreign rubber company in Southeast Asia and embarking on a new rubber-related project in Africa.

GMG did not provide more details on the acquisition target or the African project.

The statement came after its stock was suspended around midday following a 23 percent surge, which triggered a trading query from the Singapore Exchange.

Source: Reuters
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Re: GMG Global

Postby winston » Fri Oct 01, 2010 10:10 am

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Can you feel that people are afraid of missing the boat ? :lol: :roll:

Singapore Hot Stocks-GMG Global up on acquisition talk, prices

SINGAPORE, Oct 1 (Reuters) - Shares of Singapore-listed rubber producer GMG Global rose as much as 10 percent on Friday on the firm's potential acquisition and a new project, as well as high rubber future prices.

At 0152 GMT, shares of GMG Global were trading at S$0.27 on a volume of 18.6 million shares.

GMG Global said on Wednesday it is in talks to acquire a foreign rubber company in Southeast Asia and embarking on a new rubber-related project in Africa. However, the firm did not provide more details.

"They haven't told us what they are buying and at what price, but it may be significant because it is earnings-per-share-accretive. You buy and straight away you can make money," said a local trader.

"The rubber futures may also be a factor," he added.

Key Tokyo rubber futures edged higher on Friday to hover near five-month highs, helped by an overnight rise in oil that reflected optimism about the U.S. economic recovery.


Source: Reuters
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Re: GMG Global

Postby Poles » Fri Oct 01, 2010 10:19 am

sometimes i make so kopi$$ with GMG...but my concern is long term survival of natural rubber?? vs synthetic rubber
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Re: GMG Global

Postby winston » Fri Oct 01, 2010 10:26 am

No Corporate Governance issues in Africa ?
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Re: GMG Global

Postby Poles » Fri Oct 01, 2010 10:36 am

that is a subjective issue.....it can also be an advantage....it is in such place that you can reap expontential returns...
whereas in KS SGP, there is also fraud???
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Re: GMG Global

Postby kampungboy » Wed Oct 13, 2010 1:57 pm

Another breakout today with high vol. Is it hype or someone knows something we don't know? I read somewhere that as long as oil stays in current price, manufacturer would prefer natural rubber to synthetic and vice versa.
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Re: GMG Global

Postby winston » Tue Oct 26, 2010 8:11 am

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GMG GLOBAL - Rubber firm GMG Global reported third quarter net profit of S$16.4 million ($12.65 million), reversing a loss of S$371,696 a year ago, helped by higher selling prices for rubber.


Source: Reuters
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Re: GMG Global

Postby winston » Thu Nov 11, 2010 10:52 am

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Singapore Hot Stocks-GMG surges on rubber supply concerns

SINGAPORE, Nov 11 (Reuters) - Shares of Singapore-listed rubber firm GMG Global surged 8 percent on Thursday after key Shanghai rubber futures hit a record peak on supply concerns. [ID:nTKU106359] At 0236 GMT, GMG shares were traded at S$0.34 with over 65.5 million shares changing hands.

"Rubber has been hitting record highs recently due to worries of supply shortage and bad weather in Thailand. GMG's earnings track rubber prices closely, it has been in the spotlight recently," said a local trader.


Source: Reuters
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Re: GMG Global

Postby winston » Thu Nov 11, 2010 2:48 pm

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INTERVIEW-Singapore's GMG Global sees rubber output growing By Charmian Kok


SINGAPORE, Nov 11 (Reuters) - Singapore-listed rubber firm GMG Global aims to grow its annual output of rubber by at least mid-single digit percentages for the three years after 2012 in order to meet the rising demand for the commodity from emerging markets like China and India.

GMG Global, which is 51-percent owned by China's state firm Sinochem International <600500.SS>, expects its annual production to increase to 150,000 tonnes a year by 2012, up from 100,000 tonnes this year.

"The growth in certain. For the next three years (after 2012), we expect to see at least higher single-digit growth," Chief Executive Officer Xian Ming told Reuters in an interview.

Shares of GMG Global surged 9.5 percent to S$0.345 on Thursday after Shanghai rubber futures hit a record peak on supply concerns.

Asian physical rubber prices have also touched record highs recently, as severe flooding in Thailand has damaged rubber output and caused shipment delays. [ID:nSGE6A9043] This comes at a time when rubber supply is already low because of seasonal rain in Thailand and Malaysia, which disrupts tapping.

"In the very short term, there are some supply issues because of the weather and some countries will enter the winter period at the beginning of next year so yields will be lower," said Xian.

However, he added that he expects the tight supply to ease in a few years, helped by new rubber planting in countries like Vietnam and Laos.

GMG has benefitted from the surge in natural rubber prices, and reported a net profit of S$32.2 million for the nine months ended Sept 30, reversing a loss of S$270,165 a year earlier.

To increase GMG Global's rubber tonnage, the company is looking to acquire Southeast Asian firms that own processing plants, as well as to secure more land concessions in Africa, Xian said.

Currently, GMG has two processing plants in Kalimantan, Indonesia, and plantations in Cameroon and Ivory Coast with 42,560 hectares of land concessions.

It expects to add 800 to 1000 hectares of rubber plantation next year, and 2,000 additional hectares each year thereafter, as it recently set up a joint venture firm in Cameroon which will help it to secure more land concessions in the country.

Demand for natural rubber, which is used mainly in tyres of commercial vehicles, is expected to surge in the coming years with the economic boom of emerging markets like China and India.

"Automobile demand is increasing. For developing countries, they are doing more construction and infrastructure projects, so demand for tyres will increase," Xian said.


Source: Reuters
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