Oil price drop does not impact the profits of these companies who just work to transport oils for petronas. Since Opec not to cut production, should not it means still same amount of works for them.
i am confused.
2014-11-28 08:19
That's the fundemental side.
This market right now is 99% sentiment-driven. fundamentals wont be in any way effective in the short term
2014-11-28 09:39
Oil price drop doesn't necessary going to impact the edible oil market. You can always not drive a car, but you can not goreng sayo without edible oil. The palm oil is the cheapest as a ingredient for all edible oil. If you are eating at home, you probably will use corn oil, sun-flower oil, and etc. But if you are doing business, to reduce cost, you definitely are more likely to choose palm oil. Ibelieve the price of palm oil will have at least 2 years of volatility and it will go up to RM2500 per ton and stay there more permanently as more improvement are seen in the world economy. Oil slide improves economy in general. The oil slide will assist the palm oil sector and not hurting it is my opinion only. As humans, guys or girls, we all also like to do the love things, no matter when, that is why population can only increase in the long term. This is growth for palm oil too!
2014-11-28 11:57
Cpteh likes to talk abt the history..anyway stock investment is abt predicting the future
2014-11-28 14:02
Read this ...very relevant ..http://gorengaddict.blogspot.com/2014/11/what-is-oil-shale.html
2014-11-28 19:26
ufoisreal
http://www.bloomberg.com/news/2014-11-26/dollar-holds-losses-after-crude-extends-slump-before-opec.html domino efffect?
2014-11-28 01:34