It is indeed refreshing to see it stands out in being OVERWEIGHT FOR PALM OIL
90% OF THE MARKET TRADERS WHICH FOLLOW INFERIOR TRADING ADVISE HAVE LOST MONEY
HLB RESEARCH IS AMONG THE SMALL MINORITY RESEARCH THAT WILL HELP ITS CLIENTS TO MAKE MONIES
WELL DONE HLB RESEARCH
And may we add
Tsh resources Ffb this qtr has improved to 20.9%
Latest June qtr alone is a whopping 91,000 tonnes
As for TSH having majority of it's palm oil estates in Indonesia the recent export ban only apply to Cpo export but not it's finished products like cooking oil, palmitic acids and other downstream goods. Since Tsh has 50/50 Joint Venture with Wilmar in Sabah Palm oil Refinery it has contracted to sell all it's Cpo to Wilmar's Refineries both in Sabah and in Indonesia. As such it operates as usual
This August 17 will witness the highest record qtr even for Cpo at Rm6,552 per ton plus these ones have seen Ffb increased QoQ
Swkplant Ffb up 26.9% Jtiasa up 26% Tsh up 20.9%
Taann up 20% (Taann should outperform since it has 30% in Swkplant , its own Ffb up 20%, It's veneer plywood price up 60% Japan banned Russian plywood)
Thplant up 19% Hopefully Thplant resume dividend payout SOP up 11% (already record earnings last qtr)
With the Rise of housing starts plus Plywood prices up 60% (Note: Japan plywood prices not the same as USA. While USA plywood prices dropped Japan Plywood prices skyrocketed up due to banning of Russian plywood)
Those still in profit- take money off the table. US comforty inflation is 2 to 3% - now is 6 % only. More interest rate is coming n FEd hawkish tone to crush inflation. Long term investors can continue to hold and cheers on to collect cheap tickets . Good luck
Aug 29): Goldman Sachs Group Inc urged investors to pile into commodities as most recession risks coursing through global markets are overblown in the near term, arguing that raw materials stand to rebound amid a profound energy crisis and tight physical fundamentals.
“Our economists view the risk of a recession outside Europe in the next 12 months as relatively low,” analysts including Sabine Schels, Jeffrey Currie and Damien Courvalin wrote in a note. “With oil the commodity of last resort in an era of severe energy shortages, we believe the pullback in the entire oil complex provides an attractive entry point for long-only investments.”
If this d fifth wave of lower timeframe (15 minutes) If so, pullback likely to be short. Next it will goes sideway for a long times( week) due 2 interest rate hike. Meantime can goes for gold trading or physical gold - preparation to takeoff... (Coffeetalk)
this qtr Taann actually made more than 24 sen profit if not for 4 sen (Rm20 mil paper setback due to biological markdown)
All round high profits from both palm oil and veneer plywood export to Japan (Russian plywood ban now Japan plywood cost up 60%) Taann balance sheet very healthy with surplus cash and more cash inflow expected A generous 15 sen 3rd interim dividend means dividend streams will continue
Stay invested as it is only a matter of time Taann will go higher like Klk
Frankly SOP is the better plantation stock but bcoz it pays only 4 sen while Taan 15 sen. Taan has atttraced investors looking for high div stock. I have said earlier people are cash hungry irrespective which is better for the longer term !
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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....
Pinky
3,273 posts
Posted by Pinky > 2022-08-03 15:02 | Report Abuse
Edge today
Maybank say BUY