【出版时间及名称】：2010年1月新加坡种植行业研究报告
        【作者】：摩根大通
        【文件格式】：pdf
        【页数】：60
        【目录或简介】：
Table of Contents
Regional stock view summary ................................................3
Enjoy the CPO ride in 1Q10… .................................................6
…but watch the volatility after that .........................................6
Weather remains the wild card.....................................................................................6
Diverging soybean fundamentals in 2010 ..............................8
A two-period scenario..................................................................................................8
Where are the supplies? ...............................................................................................8
What could be bearish for soybean prices?..................................................................8
And, what’s bullish? ....................................................................................................9
Positive soybean oil demand to support prices ..........................................................10
More price pressure on soybean meal from strong supply.........................................13
Background on soybean processing....................................14
Key products and consumption patterns ....................................................................14
Overcapacity of soybean crushing in China...............................................................14
Peer group valuation comparison...............................................................................16
Companies
First Resources...........................................................................................................20
Wilmar International..................................................................................................46
Golden Agri-Resources..............................................................................................52