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Sunday, April 18, 2010

Abterra has the potential to be a multi-bagger.

Abterra is in the business of commodity trading (iron ore, coal & coke) but has also started to expand its business downstream and upstream by acquiring coal mines, logistics company & processing factories. Abterra has businesses in india, australia, indonesia & china presently and will make a foray into thailand in the future.

Judging from the M&A activities around the world, commodity business seems to be a piping hot plate now. Recently, india has also started to jump on the bandwagon to acquire coal mines for its own needs while Noble (another Singapore listed company) is trying to take full control of gloucester coal mine in australia.

Abterra is currently a mid-cap stock and if it executes its strategy right, it will likely catch the eyes of fund managers and/or be acquired by the bigger player. The coke prices have been going up by leaps & bounds after the financial crisis in 2007 and this will benefit abterra tremendously and increase its profit exponentially in 2010.

With china & india relentless economic expansions, there is no turning back for abterra. The last closing price is $0.06 and the 100-day simple moving average on the trading volume shows that investors have started to accumulate this stock. Don't miss the boat now!

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