Investor on the Street
Palm Oil stocks cannot go up further. Correction will come sooner?
I read Public Invest Research team's report with great interest. https://klse.i3investor.com/web/blog/detail/PublicInvest/2022-05-19-story-h1623303671-Plantations_CPO_Price_May_Have_Peaked
Public Invest expects CPO price to be RM5000/mt in 2022, RM3800/mt in 2023.
Then I read HL Invest's report. https://klse.i3investor.com/web/blog/detail/hleresearch/2022-05-20-story-h1623330641-Plantation_Indonesia_to_Lift_Palm_Oil_Export_Ban
HL Invest expects CPO price to be RM5500/mt in 2022, RM4500/mt in 2023.
I like Public Invest's conservative report more than HL Invest, with due respect to HL Invest.
A thought came to my mind.
Glove stocks peaked in 2020.
Tech stocks peaked in 2021.
Plantation stocks to peak in 2022?
Warren Buffett once said "Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future."
But, a volatile future for stocks is not something I am comfortable with.
Buyers beware.
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Glove stocks peaked in 2020 due to over supply, Tech stocks peaked in 2021 due to high PE over value flat profit. Plantation already peaked but good profit support current valuation. Not one IB correctly predict 2022 CPO price back in 2021.
2022-05-23 00:23
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