RIMBUNAN SAWIT BHD
KLSE (MYR): RSAWIT (5113)
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Last Price
0.265
Today's Change
+0.01 (3.92%)
Day's Change
0.255 - 0.265
Trading Volume
8,758,600
IPO Info
File Name: RIMBUNAN-AccountantRpt(621KB).pdf Download
Discussions
18 people like this. Showing 50 of 2,880 comments
https://www.tradingview.com/symbols/MYX-FCPO1!/.
Many things out there now uncertain
But we keep to what we know
Cpo was Rm2600 MT in year 2020/1 when we started investing into 🌴🌴🌴
Now Fcpo over Rm3900 is up 50%
Even though fertilizer and wages are also up we still see a good margin of profit
So we will be content
2 months ago
B50 will take up 18 million tonnes out of 48 million Tonnes of Cpo produced in Indonesia or 37.5%
Plus many more lands already see palm oil cut down
1. Over 1,500 acres in Kulai Young Estate sold by Bplant to Ytl power for Data Center (all these oil palms are cut down to make way for Data Center
2. In Bulugan Indonesia out of 33,000 acres 20,000 acres were sold and oil palms cut down to do greentech industrial park
3. In Kedah Ltat sold 1,200 acres palm oil to be converted to Kulim High Tech Park
4. In Selangor /N Sembilan Over 500 acres Boustead took from Bplant to do New Township
Also Jcorp after taking Kulim private hived of 15,000 acres of oil palm in Pengerang to build New Townships
Tmakmur taken private to expand Kota Sas Township in Pahang
Scientex has converted tens of thousands of palm oil in Kedah, Johor and other places to New Townships
And Many many thousands of acres more every where in Kedah, Penang Mainland, Selangor, Cyberjaya and now Johor have seen Mushrooming Data Centers replacing oil palms acre by acre: State by State and now Sarawak also going to build Data Centers and with RE (renewable energy) lots of palm oil lands will turn into solar farm
Where got enough palm oil?
World population continues to increase so demand is fixed with supply dwindling Cpo prices can only go higher and higher
SO THERE IS A LONG TERM STRUCTURAL UPTREND FOR CPO PRICES
2 months ago
https://e.vnexpress.net/news/business/money/land-worth-much-more-than-university-degree-4790144.html
this is a good example of landbank appreciation
prices of Assets can rise faster and overtake earnings
2 months ago
3 main points (fools cannot see)
1. Rsawit sold two plots of land for Rm165 millions and cash received by July 2024
to be reported with Rm77 Millions as profit by Nov 2024 results
2. from asset disposal is a cash profit of 3.77 sen not including operating profit
3. since last 3 months Ffb have increased the operating profits will add to 3.77 sen of assets sale profit
4. CEO in anticipation of upcoming good results have added another 1 million Tsh shares at 25 sen
investing has got to do with the future and not bothering with past underperformance
2 weeks ago
WilburR2
I no good at short term forcasting
just hold till 60 sen
then Rm1.00
how long ?
I also cannot tell
but we will reach there sooner or later
2 weeks ago
NOVEMBER FCPO FUTURE NOW RM4,800! Why Calvin Tan say prices are sustainable above Rm4,000 Plus Buy Palm Oil Upstream Players, By Calvin Tan
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-10-31-story-h472881475-NOVEMBER_FCPO_FUTURE_NOW_RM4_800_Why_Calvin_Tan_say_prices_are_sustainab
1 week ago
Yesterday Mabel sapu more at 26 and 26.5 sen...
This year Mabel has invested in 11 sectors involving 13 Princes (YTL Power was relieved from duty when MACC started courting them due to past Bestari Project). From the 11 sector, Construction, Property and Financial Services are sitting on the Podium with Foreign Fund exiting our market. The real dark horse will be plantation. Once it break the Plantation Resistance at 7566, it will be a Bull Run like what happen in 2021, Crude Palm Oil (CPO) prices in Malaysia hit above RM 5,000 per metric tonne.
There is still a hidden treasure in small cap which lagging the large Cap in KLCI. YTD is only up by 4.2% compare to KLCI Large Cap of 10.7%.
Based on this analysis, Mabel will expand her plantation to include small cap plantation, Rimbunan Sawit Berhad (RSAWIT). Rimbunan Sawit Berhad (RSAWIT) owns approximately 69,909 hectares of plantation land in Miri, Kuching, and Sibu, Sarawak. She will join the Big Cap sisters Simone, Klara, Iona and Una.
If Simone, Klara, Iona and Una is for Sime Darby Plantation, KLK Plantation, IOI Plantation and United Plantation, Raya will be purrfect name for Rsawit as it has a nice ring to it and reflects the Malaysian heritage. Plus, it symbolizes celebration and prosperity, which aligns well with the goals of a plantation company.
To Our Success !
Meow Meow Meow
5 days ago
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
5 days ago
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
3 days ago
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
2 days ago
Crude Palm Oil Futures
Continuous contract
FCPO1!Bursa Malaysia
Market closed
5,101MYR / TNED✅
+149
+3.01%
1 day ago
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
21 hours ago
Trump imposes 100% tariffs on BRICS countries so China 🇨🇳, Russia will buy more oil palm from Malaysia 🇲🇾✅⬆️💰💥
20 hours ago
PMX, Prabowo visited China recently to deal directly business deals and one of the major segments is oil palm 🌴🌴🌴💰💥✅
20 hours ago
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✅💰💥
19 hours ago
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Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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....
calvintaneng
A LOOK AT LATEST RSAWIT RESULTS SHOW IMPROVEMENTS LIKE JTIASA, Calvin Tan
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-08-28-story-h-153207016-A_LOOK_AT_LATEST_RSAWIT_RESULTS_SHOW_IMPROVEMENTS_LIKE_JTIASA_Calvin_Ta
2 months ago