Partial divestment in Second Chance... Hello Indoagri!

Today was a good day for shares in the Singapore stock market. I made use of this chance to partially divest a small portion of my Second Chance Properties, which closed at 0.445 today.

I took up a small position in Indoagri today. Of the commodities stocks, I like Indoagri because of its discount to NAV. Indoagri opened at 0.975 and closed at 0.985, which is at a premium to its book value of $1.242(PB ratio 0.79). Outlook wise, I like that it has a diversified exposure in oil palm, rubber and sugar. Furthermore, it has recently announced an acquisition of 50% shares in CMAA, a sugar refinery in Brazil.

I believe that with world economy recovering, the long term view for commodities looks bright and it is a good time to buy when prices are still low. 

If you are reading this, you may be interested in:-
Jump in oil prices - encourage biodiesel demand hence increase Crude Palm Oil (CPO) prices?


Disclaimer: The ideas expressed in this blog should not be construed as an enticement to buy or sell the securities, commodities or assets mentioned. The accuracy or completeness of the information provided cannot be guaranteed. Readers should carry out independent verification of information provided. No warranty whatsoever is given and no liability whatsoever is accepted for any loss howsoever arising whether directly or indirectly as a result of actions taken based on ideas and information found in this blog.