Friday, 4 September 2015

COMPANY OVERVIEW: Halcyon Agri Corporation Limited

  • Halcyon Agri Corporation Limited, an investment holding company, originates, produces, and distributes natural rubber products worldwide.
  • The company operates through Plantation, Processing, and Distribution segments. It produces technically specified rubber and compound rubber; and constant viscosity rubber products in Indonesia and Malaysia, as well as owns, develops, and manages rubber estate land in Kelantan, Malaysia.
  • The company offers its natural rubber primarily under the HeveaPRO brand; and procures other origins and grades of rubber from third party producers worldwide.
  • It distributes its products to an international customer base through a network of warehouses and sales offices in South East Asia, China, the United States, and Europe.
  • The company serves tire producers. Halcyon Agri Corporation Limited was founded in 1934 and is headquartered in Singapore.
Price/Book value 2.40
5-Year Beta 1.02
Total Market Cap S$ 240 MM

  • Revenue & Gross profit are continuously increasing over the last 3 years.
  • Total assets is continuously increasing over the last 3 years.

31Dec 13
31Dec 14
LTM Ending
30 Jun 15
Revenue 204.97 479.247 907.964
Gross Profit 204.97 479.247 907.964
Operating Income 11.718 4.129 -10.453
Net Income 9.093 -9.429 -5.935
Total Assets 107.851 640.987 683.541
Total Liabilities 27.579 480.456 537.889

Daily Chart
SGX Symbol 5VJ Currency SGD
Last Done 0.580 Volume(‘000) 1099. M
Day’s Range 0.565 - 0.590 52 Weeks’ Range 0.425 - 0.86
Weekly Chart
S1 S2 R1 R2
0.560 0.510 0.610 0.660
Daily Chart: RSI is above the center line indicating bullishness and is at 59.831 and CCI is above the signal line at 117.033. MACD is at -0.004 above its signal line i.e, -0.019.
Weekly Chart: RSI is near the center line indicating bullishness in near future and is at 45.322and CCI is below the signal line at -75.535.
Halcyon Agri is technically very sound. RSI is indicating bullish trend in near future. Bulluish trend is also supported by MACD and CCI, as CCI price line is above signal line and faster MACD is above slower MACD. It is expected to continue its bullish trend.. If it breaks the resistance of 0.610, it is expected to rise up till 0.660 in short perioed.
Overall Trend: It is following uptrend in both weekly and daily chart.
Short term View: BULLISH with support @0.560 TARGET 0.660
Long term View: BULLISH with support @0.510 TARGET 0.700
If traded on proper support and resistance for a day or so we can take out good profit in the contra holding also.


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