Wednesday, June 6, 2012

Golden Agri

Golden Agri: is down 0.8% at $0.625, one of just three STI components in negative territory, underperforming its Spore-listed commodity peers' rally. One analyst says he's not aware of anything negative about the company; says the stock probably hasn't been sold down as badly as the others, which may make it slower to rebound. Peer Wilmar is up 1.7% at $3.57, but remains down nearly 29% ytd and Olam is up 4.2% at $1.615, but down around 24% ytd . Golden Agri is off 12.6% ytd. Another analyst says Golden Agri's liquidity is acting against it, with the widely-owned stock seeing some selling as traders shift to other plays, with "some shuffling of assets ahead of the Felda IPO." Tips the decline as an opportunity to buy.

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