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	<title>Blog for Value Investing &#38; Me, Offshore Engineer</title>
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	<description>By Offshore-Engineer</description>
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		<title>Blog for Value Investing &#38; Me, Offshore Engineer</title>
		<link>http://valueinvestors.wordpress.com</link>
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		<item>
		<title>Book : The Quest &#8211; Energy, Security and the Remaking of the Modern World</title>
		<link>http://valueinvestors.wordpress.com/2012/01/07/book-the-quest/</link>
		<comments>http://valueinvestors.wordpress.com/2012/01/07/book-the-quest/#comments</comments>
		<pubDate>Sat, 07 Jan 2012 10:26:22 +0000</pubDate>
		<dc:creator>offshore-engineer</dc:creator>
				<category><![CDATA[My Bookshelf]]></category>

		<guid isPermaLink="false">http://valueinvestors.wordpress.com/?p=213</guid>
		<description><![CDATA[The first book of the year 2012, The Quest &#8211; Energy, Security and the Remaking of the Modern World, written by the Daniel Yergin, a winner of Pulitzer Prize. This is one of the best books discussing and detailing the current state of global energy. With the present tension between Iran and Western countries which [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=valueinvestors.wordpress.com&amp;blog=7034329&amp;post=213&amp;subd=valueinvestors&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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		<item>
		<title>Book : The Ascent of Money (Thai Translation)</title>
		<link>http://valueinvestors.wordpress.com/2011/12/02/book-the-ascent-of-money-thai-translation/</link>
		<comments>http://valueinvestors.wordpress.com/2011/12/02/book-the-ascent-of-money-thai-translation/#comments</comments>
		<pubDate>Fri, 02 Dec 2011 14:22:48 +0000</pubDate>
		<dc:creator>offshore-engineer</dc:creator>
				<category><![CDATA[My Bookshelf]]></category>

		<guid isPermaLink="false">http://valueinvestors.wordpress.com/?p=209</guid>
		<description><![CDATA[I feel lucky that this book is translated to Thai. Studying the past helps us understand better about what&#8217;s happened today and probably allows us to see through what the future might be. In the messy financial world as we are in today, I highly recommend this book to everyone.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=valueinvestors.wordpress.com&amp;blog=7034329&amp;post=209&amp;subd=valueinvestors&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://valueinvestors.wordpress.com/2011/12/02/book-the-ascent-of-money-thai-translation/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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		<title>Univanich Palm Oil (5) &#8211; Final</title>
		<link>http://valueinvestors.wordpress.com/2011/08/14/univanich-palm-oil-5-final/</link>
		<comments>http://valueinvestors.wordpress.com/2011/08/14/univanich-palm-oil-5-final/#comments</comments>
		<pubDate>Sun, 14 Aug 2011 03:59:03 +0000</pubDate>
		<dc:creator>offshore-engineer</dc:creator>
				<category><![CDATA[Company Wrap-up]]></category>
		<category><![CDATA[Univancih]]></category>

		<guid isPermaLink="false">http://valueinvestors.wordpress.com/?p=204</guid>
		<description><![CDATA[Risks… &#160; Obviously, weather is the main risk for Univanich and unfortunately it is beyond the company’s control. Severe drought can affect the average oil palm yields. The impact will be experienced in that drought year and up to two years after that as the oil palms produce fewer fruit bunches. The palm oil shortage [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=valueinvestors.wordpress.com&amp;blog=7034329&amp;post=204&amp;subd=valueinvestors&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>4</slash:comments>
	
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		<title>Univanich Palm Oil (4)</title>
		<link>http://valueinvestors.wordpress.com/2011/08/07/univanich-palm-oil-4/</link>
		<comments>http://valueinvestors.wordpress.com/2011/08/07/univanich-palm-oil-4/#comments</comments>
		<pubDate>Sun, 07 Aug 2011 04:10:54 +0000</pubDate>
		<dc:creator>offshore-engineer</dc:creator>
				<category><![CDATA[Company Wrap-up]]></category>
		<category><![CDATA[Univanich]]></category>

		<guid isPermaLink="false">http://valueinvestors.wordpress.com/?p=200</guid>
		<description><![CDATA[Financial Performance Table below summarises key financial metrics of Univanich in the last 4 years. Including also in the Table is the 2003 financial results, the year it was listed. Note that 2008 was the best year for Univanich and palm oil industry as a whole when CPO price rose over RM 4,000 per tonne [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=valueinvestors.wordpress.com&amp;blog=7034329&amp;post=200&amp;subd=valueinvestors&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">valueinvestors</media:title>
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		<title>Book : The Economics of Food</title>
		<link>http://valueinvestors.wordpress.com/2011/08/06/book-the-economics-of-food/</link>
		<comments>http://valueinvestors.wordpress.com/2011/08/06/book-the-economics-of-food/#comments</comments>
		<pubDate>Sat, 06 Aug 2011 13:32:52 +0000</pubDate>
		<dc:creator>offshore-engineer</dc:creator>
				<category><![CDATA[My Bookshelf]]></category>

		<guid isPermaLink="false">http://valueinvestors.wordpress.com/?p=196</guid>
		<description><![CDATA[During my trip back to Bangkok early 2011, I bought this fabulous book, The Economics of Food &#8211; How Feeding and Fueling The Planet Affects Food Prices, but could only complete it recently. The book is written by Patrick Westhoff, the co-director of the Food and Agricultural Policy Research Institute at the University of Missouri, [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=valueinvestors.wordpress.com&amp;blog=7034329&amp;post=196&amp;subd=valueinvestors&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">valueinvestors</media:title>
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			<media:title type="html">51694244</media:title>
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		<title>Univanich Palm Oil (3)</title>
		<link>http://valueinvestors.wordpress.com/2011/07/31/univanich-palm-oil-3/</link>
		<comments>http://valueinvestors.wordpress.com/2011/07/31/univanich-palm-oil-3/#comments</comments>
		<pubDate>Sun, 31 Jul 2011 07:53:25 +0000</pubDate>
		<dc:creator>offshore-engineer</dc:creator>
				<category><![CDATA[Company Wrap-up]]></category>
		<category><![CDATA[Univanich]]></category>

		<guid isPermaLink="false">http://valueinvestors.wordpress.com/?p=190</guid>
		<description><![CDATA[Developments Univanich was listed in Stock Exchange of Thailand in November 2003 after it abandoned its plan to list in Singapore Stock Exchange. Since listing, the company has transformed itself into a leading vertically integrated palm oil player in Thailand. It has invested in research and development in order to improve the quality of oil [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=valueinvestors.wordpress.com&amp;blog=7034329&amp;post=190&amp;subd=valueinvestors&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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		<title>Univanich Palm Oil (2)</title>
		<link>http://valueinvestors.wordpress.com/2011/07/17/univanich-palm-oil-2/</link>
		<comments>http://valueinvestors.wordpress.com/2011/07/17/univanich-palm-oil-2/#comments</comments>
		<pubDate>Sun, 17 Jul 2011 06:33:19 +0000</pubDate>
		<dc:creator>offshore-engineer</dc:creator>
				<category><![CDATA[Company Wrap-up]]></category>
		<category><![CDATA[Univanich]]></category>

		<guid isPermaLink="false">http://valueinvestors.wordpress.com/?p=185</guid>
		<description><![CDATA[Industry Overview &#160; Oil palm was first planted in Thailand circa 1969 with Univanich as a pioneer in Krabi province. Since then the oil palm industry has developed into one of the major economic forces. The pace of the growth was further accelerated in the past decade thanks to the first National Alternative Energy Development [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=valueinvestors.wordpress.com&amp;blog=7034329&amp;post=185&amp;subd=valueinvestors&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>1</slash:comments>
	
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		<title>Univanich Palm Oil (1)</title>
		<link>http://valueinvestors.wordpress.com/2011/07/02/univanich-palm-oil-1/</link>
		<comments>http://valueinvestors.wordpress.com/2011/07/02/univanich-palm-oil-1/#comments</comments>
		<pubDate>Sat, 02 Jul 2011 15:19:46 +0000</pubDate>
		<dc:creator>offshore-engineer</dc:creator>
				<category><![CDATA[Company Wrap-up]]></category>
		<category><![CDATA[Univanich]]></category>

		<guid isPermaLink="false">http://valueinvestors.wordpress.com/?p=179</guid>
		<description><![CDATA[At the onset of 2011 palm oil shortage crisis rocked Thailand. Due to the severe drought encountered in early 2010, the amount of fresh fruit bunch (FFB) reduced substantially in the latter half of 2010 which led to a skyrocketing of the price of domestic crude palm oil (CPO) to the unprecedented record level. Shortly [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=valueinvestors.wordpress.com&amp;blog=7034329&amp;post=179&amp;subd=valueinvestors&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">valueinvestors</media:title>
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		<title>BANPU – On Centennial Coal Strategic Plan</title>
		<link>http://valueinvestors.wordpress.com/2011/05/20/banpu-%e2%80%93-on-centennial-coal-strategic-plan/</link>
		<comments>http://valueinvestors.wordpress.com/2011/05/20/banpu-%e2%80%93-on-centennial-coal-strategic-plan/#comments</comments>
		<pubDate>Fri, 20 May 2011 14:33:32 +0000</pubDate>
		<dc:creator>offshore-engineer</dc:creator>
				<category><![CDATA[Company Wrap-up]]></category>

		<guid isPermaLink="false">http://valueinvestors.wordpress.com/?p=172</guid>
		<description><![CDATA[Banpu acquired 100% of Centennial Coal for the total amount of approximately A$ 2.3 billion (equivalent to THB 67 billion then) in November 2010. It is the biggest investment in Banpu’s 27 years corporate history and has transformed Banpu into one of the ASEAN biggest coal producers expanding its footprint into the second largest thermal [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=valueinvestors.wordpress.com&amp;blog=7034329&amp;post=172&amp;subd=valueinvestors&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://valueinvestors.wordpress.com/2011/05/20/banpu-%e2%80%93-on-centennial-coal-strategic-plan/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
	
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			<media:title type="html">fig-1</media:title>
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		<title>Banpu : On Daning Divestment</title>
		<link>http://valueinvestors.wordpress.com/2011/03/12/banpu-on-daning-divestment/</link>
		<comments>http://valueinvestors.wordpress.com/2011/03/12/banpu-on-daning-divestment/#comments</comments>
		<pubDate>Sat, 12 Mar 2011 11:36:30 +0000</pubDate>
		<dc:creator>offshore-engineer</dc:creator>
				<category><![CDATA[Company Wrap-up]]></category>

		<guid isPermaLink="false">http://valueinvestors.wordpress.com/?p=169</guid>
		<description><![CDATA[Banpu announced on Friday 11 Mar 2011 that it will divest its investment in Daning mine for USD 669 million. Below is my views towards the divestment. First of all, I don&#8217;t think Banpu would like to divest it if it does not face the regulatory difficulties which restrict foreign ownership in mining and resources in China. Daning [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=valueinvestors.wordpress.com&amp;blog=7034329&amp;post=169&amp;subd=valueinvestors&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>2</slash:comments>
	
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