Monday, August 23, 2010

Golden Agri

Golden Agri: OSK downgrades to Neutral from Trading Buy, citing uncertainty stemming from Greenpeace's allegations of plantation group engaging in environmentally harmful practices, giving false info to investors. Cuts target price to $0.50 from $0.68, based on 11X FY11 earnings vs 15X previously. Stock broken 50 & 100-day MA suuports, currently sitting just above 200-day MA.

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