Friday, August 2, 2013

Robert Kuok's Wilmar Ghana gains to record on palm oil rally

Robert Kuok's Wilmar Ghana gains to record on palm oil rally
Business & Markets 2013
Written by Bloomberg    
Friday, 02 August 2013 11:17

(Aug. 1): Wilmar International Ltd.’s Ghanaian unit climbed for a fourth day to the highest on record after crude palm oil gained, attracting pension-fund managers in West Africa’s second-biggest economy.

Benso Oil Palm PLANTATION [] Ltd., based in the Western region city of Takoradi, advanced 2.9 percent to 3.60 cedis by 12:03 p.m. in the capital, Accra, the highest since November 2004 when Bloomberg began compiling the data. Trading volume was equal to 1.8 times the three-month daily average.


Crude palm oil for September delivery rose a third day, advancing 0.6 percent to 2,280 ringgit ($703) a metric ton as shipments increased from Malaysia, the top producer after Indonesia, signaling a rebound in demand. Benso’s stock is the third-best performer on the Ghanaian bourse this year, which rallied 61 percent as managers of pension funds, created after restrictions on the industry were loosened, seek investments.

“Prices of palm oil are doing favorable now,” Randy Mensah, a stock trader at Accra-based Ecobank Development Corp., said by phone. “Buyers of these shares are pension-fund managers who are looking for the best stocks to invest their funds.”

Benso Oil’s net income declined 42 percent to 4.1 million cedis ($2 million) in the first half through June 30, it said on July 23. Revenue fell to 20.9 million cedis from 23.9 million cedis a year earlier, it said, blaming the drop on lower international palm-oil prices. In the period, the commodity retreated 9 percent.


Source/Extract/Excerpts/来源/转贴/摘录: http://www.theedgemalaysia.com/
Publish date: 02/08/13

No comments:

Post a Comment

Warren E. Buffett(沃伦•巴菲特)
Be fearful when others are greedy, and be greedy when others are fearful
别人贪婪时我恐惧, 别人恐惧时我贪婪
投资只需学好两门课: 一,是如何给企业估值,二,是如何看待股市波动
吉姆·罗杰斯(Jim Rogers)
“错过时机”胜于“搞错对象”:不会全军覆没!”
做自己熟悉的事,等到发现大好机会才投钱下去

乔治·索罗斯(George Soros)

“犯错误并没有什么好羞耻的,只有知错不改才是耻辱。”

如果操作过量,即使对市场判断正确,仍会一败涂地。

李驰(中国巴菲特)
高估期间, 卖对, 不卖也对, 买是错的。
低估期间, 买对, 不买也是对, 卖是错的。

Tan Teng Boo


There’s no such thing as defensive stocks.Every stock can be defensive depending on what price you pay for it and what value you get,
冷眼(冯时能)投资概念
“买股票就是买公司的股份,买股份就是与陌生人合股做生意”。
合股做生意,则公司股份的业绩高于一切,而股票的价值决定于盈利。
价值是本,价格是末,故公司比股市重要百倍。
曹仁超-香港股神/港股明灯
1.有智慧,不如趁势
2.止损不止盈
成功者所以成功,是因为不怕失败!失败者所以失败,是失败后不再尝试!
曾淵滄-散户明灯
每逢灾难就是机会,而是在灾难发生时贱价买股票,然后放在一边,耐性地等灾难结束
  • Selected Indexes 52 week range

  • Margin of Safety

    Investment Clock

    World's First Interactive Investment Clock