Shares & Derivatives
Cigar puff counter? Golden Agri
By Sillyinvestor  •  April 1, 2015
This is a short post. I believed Golden Agri has fallen to a price where it might be a good idea to pay more attention to it. This is because: 1) They are reviewing their China business model, which is really a drag on their otherwise stable (although cyclical) business. If they sold it off, it might provide a short term catalyst. It is reported in their presentation and also in the edge. 2) Finally, Capex is tapering off. I was wondering why are they so aggressive in capex when the market is cool. Projected capex: 2009: 200 mio 2010: 400 mio 2011: 450 mio 2012: 500 mio 2013: 550 mio 2014: 550 mio 2015: 300 mio Golden agri is behaving like a aggressive growth stock, but apparently, market is not giving it a growth stock valuation, it might be a better idea for it to increase dividends but improving ......
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By Sillyinvestor
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