GMG CHIONG tomoro

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13 years 4 months ago #4621 by DBT
Replied by DBT on topic Re:GMG CHIONG tomoro
Ai Lai CHIONG Liow ARh...

Heavy buy-up from seller: 2,456 lots...

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13 years 4 months ago #4696 by DBT
Replied by DBT on topic Re:GMG CHIONG tomoro
From Kim Eng:

Hot stock

GMG Global (GGL SP, $0.31, NOT RATED) – We had highlighted GMG as a Hot Stock in June. Since then, the counter has risen by 48%, driven by the strength in rubber prices. The recent acquisition of Thai rubber producer Teck Bee Hang has given the stock further momentum. As the only rubber play listed on the Singapore Exchange, investors can tap into GMG to capitalise on firm rubber prices. GMG is also well-positioned to take advantage of exports into China.

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13 years 4 months ago - 13 years 4 months ago #4711 by DBT
Replied by DBT on topic Re:GMG CHIONG tomoro
CHIONG LIOW ARH.... HEAVY BUY UP...
Last edit: 13 years 4 months ago by DBT.

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13 years 4 months ago #4713 by DBT
Replied by DBT on topic Re:GMG CHIONG tomoro
1000 lots buy up at 32.5....

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13 years 4 months ago #4714 by DBT
Replied by DBT on topic Re:GMG CHIONG tomoro
GMG Global +4.8%; Tracking rubber prices higher
Written by Dow Jones & Co, Inc    
Thursday, 09 December 2010 15:08 
GMG Global (5IM.SG) is +4.8% at $0.325 trading with a higher-than-average volume of 32 million shares.
The rubber producer’s stock is benefiting from elevated rubber prices, with Tocom rubber futures nearing the 30-year highs hit last month; the gains are the result of tight supply in Thailand due to bad weather, and rising Chinese demand amid brisk auto sales, while the broader macro picture of stronger global PMIs, rising crude oil prices and loose monetary policy are boosting the liquidity flow into the commodities complex.
Another factor is news the UN Security Council Wednesday backed Ivory Coast opposition leader Alassane Ouattara as the winner of the nation’s bitterly disputed presidential election; GMG accounts for 12% of the country’s annual rubber exports.
A local fund manager says uncertainty over the political situation in Ivory Coast has the potential to impact GMG’s operations there.

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13 years 4 months ago #4717 by DBT
Replied by DBT on topic Re:GMG CHIONG tomoro
From Bloomberg:

Commodities Advance on Record Chinese Imports; Stocks Fluctuate.

By Claudia Carpenter


Dec. 10 (Bloomberg) -- Commodities rose for a third day after Chinese imports reached a record and U.S. index futures advanced on forecasts that consumer confidence improved. European stocks fluctuated and Spanish bonds fell.

The S&P GSCI index of 24 raw materials climbed 0.4 percent to 610.47 at 12:13 p.m. in London, led by advances in cotton and corn. Futures on the Standard & Poor’s 500 Index gained 0.3 percent and the Stoxx Europe 600 Index fluctuated between gains and losses. The yield on 10-year Spanish government bonds climbed nine basis points to 5.39 percent.

China’s trade surplus and new lending exceeded forecasts in November, underscoring the case for higher interest rates to stem inflation in the world’s fastest-growing major economy. The central bank said today it will raise the amount lenders must hold as reserves by 50 basis points from Dec. 20. U.S. consumer confidence probably climbed to a six-month high, according to the median economist estimate in a Bloomberg survey.

China’s “economy is going great guns at the moment and even appears to be accelerating,” said Mark Williams, a senior China economist at Capital Economics Ltd. in London. “If you’re looking at the growth numbers, that should be positive for stocks and commodities.”

Copper climbed 1.1 percent to $9,050 a metric ton in London, cotton jumped 2.6 percent to $1.395 a pound in New York and rubber futures in Tokyo reached a 30-year high of 385.5 yen a kilogram. Crude oil advanced 0.5 percent to $88.84 a barrel as OPEC Secretary-General Abdalla El-Badri said prices are at “suitable levels” before a meeting tomorrow in Ecuador to review the group’s output.

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