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Overview
Financial Highlight
Headlines
Business Background Rimbunan Sawit Bhd is engaged in providing farm products. The company is involved in the cultivation of oil palm and operation of palm oil mill. It also focuses on providing management services. The company is also an investment holding company. It receives maximum revenue in the form of dividend income. The company operates in the geographical segment that is Malaysia.
  Mabel The FCPO has now breached previous resistance at MYR4,900, suggesting a potential continuation of its bullish trend. It has also breaches the Plantation Resistance at 7566, trading at 7600 points. However, with the RSI exceeding 80 for the first time this year, we anticipate a period of profit-taking ahead. This pullback may find support around the 38.2% Fibonacci Retracement level, near MYR4,525, before resuming an upward trajectory to break RM 5,000 level. Yum Yum Yum 05/11/2024 10:35 PM Mabel Most KLCI components is RED, having period except for Plantation as the FCPO has rebounded, but this bullish outlook will need to be validated by another green candle. For now, any pullback is expected to hold above the 23.6% Fibonacci Retracement level. The tussle between the bulls and the bears will intensify until a clearer direction is formed. In essence, the market is currently in a positive trend, but this needs further confirmation. The 23.6% Fibonacci level is a critical point to watch, and the ongoing struggle between buyers and sellers will determine the market's future direction The 23.6% Fibonacci level is a key retracement level used in technical analysis to identify potential support and resistance levels in a market trend. It is derived from the Fibonacci sequence, a series of numbers where each number is the sum of the two preceding ones. The 23.6% level is calculated by taking 23.6% of the distance between a significant high and low point in a price movement. For example, if the price of an asset rises from RM 3745 to RM 4992, the 23.6% retracement level would be calculated as follows: Calculate the Difference: RM 4992 - RM 3745 = RM 1247. Apply the 23.6% Retracement: RM 1247 * 0.236 = RM 294.29. Determine the Retracement Level: RM 4992 - RM 294.29 = RM 4697.71. So, the 23.6% Fibonacci retracement level for FCPO with a high of RM 4992 and a low of RM 3745 is approximately RM 4697.71. This level is used by traders to identify potential areas where the price might find support during a pullback in an uptrend or resistance during a bounce in a downtrend. Only RM 8 to breach RM 5000. With RM depreciating against USD, looks like the weather is on our side…. Meow Meow Meow 07/11/2024 10:27 AM Mabel Indeed shawn...the FPCO has already breached RM 5000. With RM depreciating against USD, looks like the weather is on our side. The FCPO swung past the MYR5,000 level for the first time in 2024, extending its bullish momentum from the Sep 2024 low. Meow Meow Meow 08/11/2024 11:33 AM  Eagle77 https://theedgemalaysia.com/node/733304 Monday next week boom to the moon 🚀🚀🚀✅⬆️ 09/11/2024 11:17 AM Eagle77 Crude Palm Oil Futures Continuous contract FCPO1!Bursa Malaysia Market closed 5,101MYR / TNED✅ +149 +3.01% 09/11/2024 8:08 PM Eagle77 RSAWIT HAS DISPOSED TWO PALM OIL ESTATES IT WILL RECEIVE RM165 MILLIONS TO FURTHER PARE DOWN BORROWINGS PLUS REGISTER A NICE PROFIT OF RM77 MILLIONS FROM ASSET SOLD AND THAT WILL BE A PROFIT OF 3.77 SEN 10/11/2024 6:45 AM Eagle77 Trump imposes 100% tariffs on BRICS countries so China 🇨🇳, Russia will buy more oil palm from Malaysia 🇲🇾✅⬆️💰💥 10/11/2024 6:48 AM Eagle77 PMX, Prabowo visited China recently to deal directly business deals and one of the major segments is oil palm 🌴🌴🌴💰💥✅ 10/11/2024 6:50 AM Eagle77 Rsawit just sold and collected Rm165 Millions cash for just 2 pieces of lands in July Out of this sale is a profit of Rm77 Millions or 3.77 sen Plus Rsawit FFB harvest has improved greatly from below 20,000 Tonnes to almost 30,000 tonnes in August 2024 So we will see great improvements in operating profits since Cpo now over Rm5,000 a Ton✅💰💥 10/11/2024 8:03 AM Eagle77 https://asia.nikkei.com/Business/Markets/Commodities/Palm-oil-prices-expected-to-rise-10-15-next-year 10/11/2024 8:37 AM  calvintaneng The Implication, Amplification, Ramification & And Identifying Opportunities in Applications to Trump New 4 Year Term (2025 to 2029) as USA President, Calvin Tan https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-11-11-story-h473777372-The_Implication_Amplification_Ramification_And_Identifying_Opportunities 11/11/2024 5:04 PM calvintaneng STARTLING SURPRISE!! LEASEHOLD AGRICULTURAL LANDS (PALM OIL) NOW SELL AT RM1 MILLIONS PER ACRE (ONLY IN MALAYSIA?), By Calvin Tan https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-11-12-story-h473828158-STARTLING_SURPRISE_LEASEHOLD_AGRICULTURAL_LANDS_PALM_OIL_NOW_SELL_AT_RM1 1 minute ago calvintaneng SCIB paid Rm1 Millions per acre for Bintulu Lands (10km from Bintulu) Should have gone to see Thplant instead Their cost only Rm5.8K an acre Just give Rm50,000 per acre they will be happy to sell No need Rm1 Millions 12/11/2024 11:51 AM calvintaneng RSAWIT GOT GOOD LANDS IN KUCHING, SIBU & MIRI BOOK VALUE AS LOW AS RM3.5K PER ACRE HOLD RSAWIT AS LONG AS POSSIBLE 12/11/2024 11:52 AM Ytl2023 5000k also can't go up. This need to hold very long. Other counter up many 13/11/2024 8:29 AM Mabel Future FCPO has now formed a small-bodied candle at RM 5,084 following an extended bullish run, which we believe could signal the start of a new base-building phase. We expect the consolidation to be supported at the 38.2% Fibonacci Retracement level. A break below this level, however, would indicate the potential for an early bearish reversal. Keep pushing gals… 14/11/2024 8:15 AM calvintaneng https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-07-12-story-h-157019176-WHOLE_WORLD_PALM_OIL_IN_BULL_RUN_WHEN_WILL_MALAYSIA_RESEARCH_HOUSES_UPG 18/11/2024 4:00 AM calvintaneng Last time when Jtiasa was 63 sen It was Jaya = Jumping Tiasa = Tiger Jump it did 🐅🐯 Now Rm1.17 So now is Rimbunan = Running Sawit = Stallon At 25.5 sen Will it jump past 50 sen 🐴🐎 🔥 🔥 🔥 18/11/2024 4:04 AM calvintaneng Palm Oil Export Levy Sufficient to Fund B40 Biodiesel Mandate Focus |19 November 2024 , 05:28 WIB |Read : 32 |by : Administrator This article has been published on InfoSAWIT English with the title © Palm Oil News - Palm Oil Export Levy Sufficient to Fund B40 Biodiesel Mandate Click to read: https://en.infosawit.com/news/14822/palm-oil-export-levy-sufficient-to-fund-b40-biodiesel-mandate-- structural long term support for CPO Prices 19/11/2024 2:47 PM calvintaneng You are behind time. It was badly managed last time Now it has shown a turnaround Wait see results soon all will know 20/11/2024 10:34 PM calvintaneng HS PLANT (5138) EXCELLENT RESULTS CONFIRM BUYING PALM OIL UPSTREAM SHARES IS THE BEST WHEN CPO PRICES ARE HIGH, Calvin Tan https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-11-21-story-h474695872-HS_PLANT_5138_EXCELLENT_RESULTS_CONFIRM_BUYING_PALM_OIL_UPSTREAM_SHARES_ 21/11/2024 1:47 AM calvintaneng Very good news If Felda small time farmers can do so well Big time Rsawit with over 150,000 acres (twice the size of Penang Island at 72,900 acres) should excel more https://www.nst.com.my/news/nation/2024/11/1136956/felda-settlers-earn-rm20000-monthly-oil-palm-prices-surge 21/11/2024 7:19 AM calvintaneng 3 major reasons for investing in Rsawit 1. Rsawit is a turn around stock As shown by Change of leadership. Now they rammed up Ffb production. Ffb production was below 20,000 MT qtrly last year. This year qtrly Ffb production has gone as high as 29,700 Metric tonnes Director buying Rsawit shares as high as 27 sen show confidence 2. Large lands over 150,000 acres book value as low as Rm3,500 per acre. With Sarawak moving up to industrialization these lands are now in high demand 3. Good results ahead Twin factors. i) high ffb price ii) Sale of 2 estates to pare down debt will show up as Rm165 millions cash Of which Rm77 millions or 3.77 sen as profit Clear and visible change ahead 21/11/2024 8:33 AM Mabel Thank for the good info Calvin.. Do you why it drops so much today..more than 7%.. Meow 21/11/2024 12:55 PM Nepo With land bank over 150,000 acres produce only 29,700 MT per quarter is really joking.. 21/11/2024 1:40 PM calvintaneng Do you see what we 👁️ 👁️ MHC plant over Rm1.00 and Ffb only 16,800 tonnes a month ? at least Rsawit has vast room to improve while MHC plant is stuck with small plots Now Rsawit saw its Ffb gone up from 16,000 tonnes to 29,700 tonnes does not stop there it will move up to 100,000 tonnes like Jtiasa or others one day so Rsawit potential is immense from palm oil growth from its valuable land banks 21/11/2024 2:20 PM Mabel #calvintaneng Do you see what we 👁️ 👁️ MHC plant over Rm1.00 and Ffb only 16,800 tonnes a month ? at least Rsawit has vast room to improve while MHC plant is stuck with small plots Now Rsawit saw its Ffb gone up from 16,000 tonnes to 29,700 tonnes does not stop there it will move up to 100,000 tonnes like Jtiasa or others one day so Rsawit potential is immense from palm oil growth from its valuable land banks 21/11/2024 2:20 PM Haha this is really funny Calvin.. MHC is Mickey favorite counter...hihihi 21/11/2024 10:46 PM calvintaneng Hahaha So funny indeed But more than funny Very happy to add more Rsawit on weakness Last time when Bplant was 55 sen and jtiasa 63 sen many doubters abound Now Rsawit also filled with doubters They will miss this golden opportunity not to buy cheap 22/11/2024 12:52 AM  | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
