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.
Created by Effulgence | Jul 02, 2022
ABLE GLOBAL BERHAD
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.
1 month ago
calvintaneng
They say, "Understanding the problem dissolves the problem"
Glove bull stopped by China glove fierce competition (China cannot compete in palm oil as it takes 3 months to start glove factory but it will take 5 years to plant and produce first drop of palm oil
Tech bubble bursted
See Calvin's chun chun warning
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/...
For Palm oil see how War, Drought & Biodisel mandate will boost its Bullrun for Several Years More
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/...
THAT IS WHY PALM OIL STOCKS WILL FOLLOW CPO UP AND UP!!
1 month ago