Singapore Stock Market News
Plantations - Potash cartel breaks up
StockFanatic
Publish date: Fri, 02 Aug 2013, 12:42 PM
StockFanatic
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Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
Our rough estimate reveals that a
25% drop in potash prices could boost
planters' profit by as much as 7%.
However, it is unclear whether the
drop in potash prices will be as steep
as those predicted by Uralkali. We
keep our earnings forecasts
unchanged and will review them once
the planters have locked in their
fertiliser costs. We maintain our
Neutral rating as the sector lacks
catalysts. Our top picks are First
Resources, Wilmar and IOI Corp.
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