At 10:35 a.m., Golden Agri shares were down 1.3% at $0.75 on a volume of 167 million shares. The stock rose 57% last year.
JP Morgan said it expects the bank’s low return on equity to reverse over the next three years and rise to 14% in 2013, from 9% in 2009.
“Looking ahead to 2011, we expect growth to be strongest in 1H and we expect growth drivers to rotate to services from manufacturing relative to 2010. Moreover, the economy overall should cool and we look for 5% growth in 2011.”
Leading economists and financial experts say that our economy cannot recover until the too big to fails are broken up. See this and this. The giant banks have been sucking money out of the real economy and making us all poorer. But the government i…
JP Morgan Research in an Oct 22 research report says: “AIT reported 2QFY11 distribution per unit (DPU) of $0.017 per unit, +2% q-o-q. 1H10 dividend of $0.034 implies an annualized yield of 6.5%.
JP Morgan Research in an Aug 25 research report says: “Excluding fair value losses of Rmb15 million, core net profit of Rmb383 million (+37% y-o-y) was 13%/5% ahead of JPM/consensus estimates. Gross profit margin remained steady at 40.4%.
JP Morgan Research in a July 23 research report says: “AIT reported 1Q FY11 DPU of $0.0166, down 7% q-o-q, primarily on account of realized losses of $0.7 million on forward FX contracts and financial derivatives. Adjusted for these, DPU stood at $0.018 (flat q-o-q) and implying an annualized yield of 7.0%.
The consensus of economic wisdom now informs us that we are facing a jobless recovery. That might not be so bad if it hadn’t been preceded by a long period of poorly paid prosperity.
Every high school biology student (if they’re awake) knows the story of the famous experiment concocted by Columbia’s Harold Urey many decades ago. Urey used…
