due to uncertainty factors from Russia and Ukraine, importer wont risk themselves to import from these countries and this issue wont solve in recent months, Indonesia have restriction on export. so i believe malaysia palm oil will benefit a lot
why keep on ask ppl take profit???average cpo selling price for genp in 2021 is around rm4000/tonne.....this year 2022 simply averaging at rm6000/tonne....eps will be historical high for sure and it's not only genp but to all plantation companies.
For March 2022, MPOB reported unprecedented average CPO price of RM6,867 per MT (+16% MoM, +70% YoY). Average CPO for year 2021 is around RM4000 which means the coming quarterly eps +70%
The last time GenP was below 6.50 was around year 2010 Apart from rights issue in 2013, there wasn't any bonus/split Average CPO was around RM3K from 2010-2020
The demand of CPO should be relatively stable over the period. The exception is.. When the fear of shortage created by the news, traders and war making consumers rushing to stock up more than a bottle of cooking oil at their home for the couple of months. At the same time, traders keep more stock and wait for the price to increase. What would happen in the end... You know là. The consumers and traders slash their orders and consume their stock before replenishing.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
darren2021
43 posts
Posted by darren2021 > 2022-02-28 22:13 | Report Abuse
i a bit tamak....i think rm14 is possible