Battle of the Agri Commodities - Yo! Mr Jim Rogerferderer... Are you Shorting Any of these..pls let Us Know!

Yo! Mr Jim Rogerferederer....Le4 Ho2 Sei3 Bo2. (Hokkien for how do you do!). Can you please kindly advise us whether you are shorting any of these commodities and we will follow up....Yours Sincerely, SGDividends..

WILMAR Income Statement (ABOVE)

GOLDEN AGRI Income Statement(ABOVE)

Round 1: Golden Agri Wins! Maybe the reason for Wilmar's low gross margin is because it wanna undercut and gain market share?..maybe... ( anyone in the industry know about this? Please stand up!)

WILMAR Balance Sheet(ABOVE)

Golden Agri balance sheet (ABOVE)

Round 2: Golden Agri Wins!But maybe Wilmar is expanding aggressively, thats why they have more debt....maybe

WILMAR Cash Flow (ABOVE)

Indo Agri Cash Flow (ABOVE)

Round 3: Golden Agri Wins! Maybe Wilmar is rapidly increasing it's inventories in an anticipation of a larger market share? ..Maybe.....

WILMAR's Worth per share (ABOVE)

Golden Agri Worth per share (ABOVE)

Round 4: Golden Agri Wins! Maybe Wilmar want to be more high class and glam???

So why is GOLDEN AGRI HOGGING THE TOP SPOT IN VOLUME TRADES AND FALLING SO MUCH LATELY ?

Important: The objective of the articles in this blog is to set you thinking about the company before you invest your hard-earned money. Do not invest solely based on this article. Unlike House or Instituitional Analysts who have to maintain relations with corporations due to investment banking relations, generating commissions,e.t.c, SGDividends say things as it is, factually. Unlike Analyst who have to be "uptight" and "cheem", we make it simplified and cheapskate. -The Vigilante Investor, SGDividends Team

Cosco..Another China Counter Being Beaten Down..Is It Justified?

We noted the beating of Cosco today. As of now 12.30pm ...trading between a range 0.94 - 0.76.Wow. We noted that DMG gave a sell call of this counter...stating some reasons and more reasons and much more reasons..qualitatively..which is true actually. We noted also BT had a report on it with Credit Suisse saying something about drifting lower.

But, let's take a step back..clear our heads a bit, relax..and think simply, shall we? Let's look at some quantitative figures....

Net Profit Margin: 18.71 % ( Ok still some room to maneurvure if demand sucks or supply sucks, compare again with Ferrochina.!)

Debt repayment ability (sorry we refuse to use jargon, bear with us ok!): CA less than CL. ( Hmm but its not that much of a shortfall. not like Ferrochina!)

Cash Flow Muscle: Pretty strong. As you see its Cash from Operations has been positive since 2003 and guess what..even after netting off capital expenditure ( the expenditure needed to sustain this business..in simplified terms) its still positive! ( Some people call it free cash flow..a jargon we prefer not to use) . This is a good sign!

SGDividends: Why are we wasting our time on this report? Cos here at SGDiviedends, we refuse to take Analysts reports seriously, Credit Suiise, DMG..blah blah blah... Look at the company's numbers first(MOST IMPT)..take care of its downside first..before using reasons like order book, economy slowdown,risk of order cancellation, delivery delays( which are of cos darn impt too) but kinda fluffy dont you think.

Our recommendation: Your Guess is as good as mine? Decide for yourself!

Important: The objective of the articles in this blog is to set you thinking about the company before you invest your hard-earned money. Do not invest solely based on this article. Unlike House or Instituitional Analysts who have to maintain relations with corporations due to investment banking relations, generating commissions,e.t.c, SGDividends say things as it is, factually. Unlike Analyst who have to be "uptight" and "cheem", we make it simplified and cheapskate. -The Vigilante Investor, SGDividends Team