NOW SHOWING: The Trilogy of FAST & FURIOUS Shows -
PART 12 --- By Rakuten ---
“And so is plantation- oil palm stocks are my choice. "
SEE_ RESEARCH introduce on Special Trading Buy / Technical Buy --
S H Chan /4316 =
SUMMARY
F O C U S
F = FOLLOW
O = ONE
C = COURSE
U = UNTIL
S = SUCCESSFUL
==============================
SPECIAL TECHNICAL CHART FOR TRADING BUY for 24 August 2021 onwards
(AAA) S H Chan /4316
This stock is in Plantation sector ,
The crude palm oil (CPO ) climbed to a high level on 6 May 2021 , RM 4,680.00 per tonne.
and some high level of focus will be directed to crude palm oil stocks.
SH Chan is the proxy of this palm oil stock right now.
This stock , with improving RSI, MACD indicators ,
*** has managed base building at RM 0.50 to RM0.55
*** to technically break out at RM 0. 56 with
*** high volume done 1,654 lots on 19 August 2021,
*** next immediate resistance
1 St Target Price -RM 0.68 done on 12 May 2021.
*** having done 2,194 lots on 13 August 2021 ,
*** having done 813 lots on 23 August 2021,
*** it has gather and accumulated positive momentum to charge
***and need to overcome the current high
2 nd Target Price : RM 0.82 , done on 10 May 2021 .
REMARKS
The past few trading days are very low , averaging 150 lots to 218 lots per day
( 1 lot = 1,000 shares )
Potentially, for this coming week ,starting from 25 , 26 , 27 August 2021 , onwards
(i)1st Target Price :
RM 0.68 level
( 17 % )
=====================================
(ii) 2nd Target Price :
RM 0.82 level
(41 %)
Failure to hold on to the immediate support level of RM 0.50
may indicate weakness in the share price and hence is a cut loss signal,
The last stop loss is at RM 0.50 and has to exit.
=======================================================================================================
The oil palm industry
in Malaysia started
about 100 years ago
in a modest way. It
was first introduced
to Malaya (now
Malaysia) as a
commercial plant in
1917 at the
Tennamaram Estate
in Selangor, which
effectively laid the
foundation for the
development of
the oil palm industry
in Malaysia.
Malaysia’s having a palm oil party.
You should celebrate, too.
- 25= silver jubilee
- 50 = gold jubilee
- 75= platinum jubilee
- 100 = diamond jubilee
by Palm Oil Health | Mar 24, 2017 | News, Sustainability
This year, Malaysian people are honoring a tree with oil-rich fruit because 2017 marks 100 years of Malaysian palm oil production. This edible oil has made a profound impact on the country. Not only does Malaysian certified sustainable palm oil provide nutrition to more than three billion people worldwide, it has been credited with reducing poverty and improving living conditions in this progressive nation. So why should Americans join in the celebration? Because more than 80 percent of the palm oil used in the U.S. is sourced from Malaysia. You’ll find this “golden oil” in many of your favorite foods, from peanut butters to candy to granola bars.
Here’s what Americans need to know about Malaysian palm oil:
- It’s more nutritious than other cooking oils. Malaysian certified sustainable palm oil is a balanced fat and naturally trans fat-free. It’s also nature’s richest source of heart- and brain-friendly vitamin E tocotrienols, as well as a rich source of other antioxidants. And unlike most of the soybean, canola and corn oil on the market, palm oil is non-GMO.
- Malaysian palm oil is produced by family farmers. Family farmers, called smallholders in Malaysia, are an important part of the Malaysian palm oil industry. These hard-working, independent farmers tend more than 40 percent of the oil palm-planted areas in Malaysia. Many of the smallholders belong to local industry associations. These groups help smallholders earn a fair income. The associations also invest in community infrastructure such as roads and schools.
- Malaysian oil palm plantations are incredibly efficient. Malaysian oil palm plantations produce more oil on less land than any other oilseed crop. A single acre of oil palm produces 11 times more oil than soybeans and 10 times more than sunflower. In fact, this Climate Focus report identifies soybeans as the number two driver of deforestation, behind livestock.
- Malaysia strives for sustainability. Being sustainable is a way of life in this rainforest-loving nation. Case in point: At the very first Earth Summit Malaysia pledged to maintain at least half of its total land area under forest cover. It has kept that promise. Now Malaysia is requiring all local oil palm plantations to achieve the stringent Malaysian Sustainable Palm Oil (MSPO) certification standard by 2019. This will confirm that all Malaysian plantations are following processes that benefit the planet, as well as the Malaysian people and economy. As of January 2017, more one million hectares of Malaysia’s palm planted area have been certified sustainable.
https://youtu.be/xKKt7P5tvdc
https://youtu.be/GcbzzkQ9uTc
The History Behind the Hercules Hold:
The Pillars of Hercules
The mythological tale of the Pillars of Hercules, tells a story that Hercules himself, while having to cross a mountain on his way to the garden of the Hesperides, used his superhuman strength to smash a mountain into two pieces that was blocking his way, rather than climb over it. When these two pieces of the mountain fell into the sea, they formed what we know of today as; Gibraltar and Monte Hacho. Ever since this tale of what happened within the strait of Gibraltar was told, these two halves of the mountain have been known as the Pillars of Hercules.
Although in today’s world we do not know of people with such super human strength as the described Greek gods. The tale of Hercules and how he managed to smash through a mountain creating to separate huge rocks, lives on. This is why when we see the strongmen preforming these super extreme holds, this is the closest thing to superhuman strength as we know it. This is why holding up two huge concrete pillars is known as the Hercules hold. Although the strongmen of today hold these pillars from falling down, this is how we would imagine the incredible Hercules would have held these rock formations from falling down if they had been a danger.
About The Hercules Hold
The Hercules hold requires the strongman to hold up two giant pillars of 160kg each for as long as possible, this is a true test of power, grip strength and determination. It is often the athlete that can best overcome the mental torment of being pulled apart by two massive weights that prevails, over the man with the superior grip or strength but cannot handle the mental torment that is applied.
The two pillars (or weights in less extravagant setups) are attached to chains which have handles for the strongman to grip hold of. The strongman stands in the middle, in this case between the two pillars and takes hold of a handle in each hand before the pillars are released. Once the pillars are released they start vigorously pulling the strongman in opposite directions. The man who can hold onto the pillars for the longest time is declared the winner.
Training for the Hercules Hold: The Hercules Hold is very difficult to practice as it is not often that you find two falling pillars with chains and handles on for you to hold. Even creating a make shift way to practice this can be very dangerous dependant on what you are using to hold onto. Although there are not many things that can replicate this hold, the closest thing to be able to hold a good amount of weight in each arm in this way is within a gym. While using a gym, if you take the cable crossover machine (one with adjustable height), you can replicate this hold by putting the weight nice and high on both cables, at a height slightly below your shoulders. Find a few people within the gym or even your friends if they are available, who can help and pass you a handle in each hand to hold. Once you have hold of both handles and the heavy weight is trying to pull you apart. Stay central and try to hold this weight for as long as possible. Although in the Hercules hold, you see the strongman hold on until he cannot anymore, this is only recommended if the people who are assisting you can grab the cables for when you let go. If this is not possible try to train yourself and improve your grip strength, but do not suddenly drop the handles if you have heavy weight on. One reason for this is because if you are new to this strongman exercise, you may cause yourself injury and secondly, if you suddenly let go and weights start smashing together in the gym, you may lose your membership!
Current World Records
The official record for the Hercules Hold was set at the Giants Live Wembley in 2019 and is in the name of Mark Felix with a stunning time of 83.62 seconds. Since then Mark Felix has gone on to set a new world record in the Hercules Hold event at Giants live Manchester in 2019 with a time of 87.52 seconds. This is currently the highest time achieved within this event and is currently the world record.
| Date of Event: | Name of World Record Holder: | Location of Event: | Record Time: |
|---|---|---|---|
| Sep 7th 2019 |
 Mark Felix |
Giants Live, Manchester Arena | 87.52 seconds |
| July 6th 2019 |
Mark Felix |
Giants Live, Wembley Arena | 83.62 seconds |
BY VIEWING ON THE VIDEO CLIP
Please view the 1 video clip on the oil palm plantation with their sustainable cultivation.
==============================
BREAKING NEWS
=========================
Trader: CPO price may retest
RM4,400 high
KUALA LUMPUR: Crude palm oil (CPO) is expected to average at between RM3,400 and RM3,600 per tonne this year with a possibility to test the high of RM4,400 recorded in early May, according to an industry trader.
Iceberg X Sdn Bhd proprietary trader David Ng said as the industry entered peak season, CPO prices would be supportive in the near term, with
RM4,000 as a key psychological support level.
Besides that, prolonged sluggish production into the second half (2H) of the year could push CPO price higher in months to come, Ng said at Bursa Malaysia Derivatives Bhd's (BMD) East Malaysia Crude Palm Oil Futures (FEPO) contract pre-launch webinar today.
"Some millers are being affected by the recent Movement Control Order. Labour is a prevalent issue since many months ago and is also affecting the output. I think demand is going to be pretty much robust in the 2H. The issue now is on production. If production still remains sluggish going into the 2H, prices would have to adjust accordingly," he added.
Ng said while the price would stay high for quite some time, he did not expect it to go beyond the
RM5,000 per tonne level.
On production, he said the crop's output could hit a high of 18.7 million tonnes or a low of 18.3 million for 2021, which would be about a six per cent fall from last year.
According to Reuters, Malaysian palm oil futures had fallen by four per cent on Monday to a more than one-week low, weighed down by a drop in July exports and weakness in competing oils on the Dalian and Chicago exchanges.
"The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange slid 185 ringgit, or 4.23 per cent, to RM4,184 (US$990.53) a tonne in early trade to hit its lowest since July 23 after rising 2.3 per cent last week," it said.
The webinar was in conjunction with BMD's plan to launch the FEPO, a new palm oil futures contract, in the third quarter of this year.
Sabah and Sarawak contribute about 45 per cent of Malaysia's crude palm oil production.
BMD commodity derivatives senior executive Nicholas Lau said as CPO market in Sabah and Sarawak had grown significantly over the years, it sought to launch FEPO as an entirely separate contract from the existing Crude Palm Oil Futures (FCPO).
"There is little trading of FCPO from most East Malaysia palm oil companies due to the absence of East Malaysia delivery ports in FCPO.
"FEPO will directly address these concerns and entice trading, allowing these palm oil companies to hedge their position in the physical CPO market. There has been a long standing desire for BMD to make available East Malaysia ports as approved delivery points for the FCPO," said Lau.
==============================
Thanks for reading and see you in the next post.
THE ABOVE IS NOT A BUY OR SELL CALL AND IS ONLY A PERSONAL OPINION, WRITTEN AS ARTICLE FOR SHARING PURPOSES TO KLSE COMMUNITY MEMBERS.
DISCLAIMER: Investment involves risks, including possible loss of investment and other losses.
This article and charts are provided for information only and should not be construed as a solicitation to buy or sell any of the instruments mentioned herein. The author may have positions in some of these instruments. The author shall not be responsible for any losses or profits resulting from investment decisions based on the use of the information contained herein. If investments and other professional advice is required, the services of a licensed professional person should be sought.
ISSUED BY SEE RESEARCH
(SENSING EAGLE EYES RESEARCH)
Latest News Flash
Caution continues to dominate
“Plantations stood out as all 11
stocks outperformed
“And so is plantation-
oil palm stocks are my choice.
Surpassing expectations:
The plantation sector
was the clear winner for the quarter under review, with most companies reporting profits that exceeded expectations thanks to strong average selling prices of CPO. — Bloomberg
THE recently concluded results season showed some sectors reporting profits exceeding or at least meeting with market expectations but on the whole, cautiousness continues to dominate going into the rest of the year, and even beyond.
The plantation sector was the clear winner for the quarter under review, according to Kenanga Research, with most companies reporting profits that exceeded expectations thanks to strong average selling prices of crude palm oil (CPO).
“Plantations stood out as all 11 stocks outperformed
our expectations except for IOI Corp Bhd
and PPB Group Bhd that came in within and United Malacca Bhd that came in below expectations,“ it tells clients in a report.
“Against our estimates, the plantations sector had an overwhelming 73% of stocks surpassing expectations,” Kenanga says, adding that the other two sectors that surprised positively were utilities and healthcare while sectors leading the misses were construction, gaming and consumer.
The banking sector – always one to be watched – also did relatively well with no major negative surprises.
Some banks even declared dividends higher than what the market was anticipating.
Thomas Yong, CEO at Fortress Capital Asset Management, (pic below) opines that on the whole, second-quarter corporate earnings for Malaysia came in largely within expectations.
Fortres Capital Thomas Yongs
“This is viewed positively considering the movement restrictions imposed as a result of the Covid-19 situation, as well as the political uncertainty.
“Overall, exporters benefited from external demand recovery but domestic-centric companies were affected by lower domestic consumption demand,“ Yong tells StarBizWeek.
He points out that risks associated with the banking sector were a concern for investors during the earlier part of the pandemic but so far, credit risks are perceived to have been well managed.
“Having said that, hiccups in delivering better earnings in the coming quarter due to the protracted movement restrictions are expected.
“In our view, the banking sector is a good proxy to any recovery of the broader economy going forward and the overall risk-reward profile is favourable, given the undemanding valuations of the sector,“ Yong adds.
For the coming year, he believes the technology sector would continue to do well due to favourable external semiconductor demand, particularly in the segments of 5G, electric vehicle and renewable energy.
That said, there could be some short-term disruptions due to chip shortages and logistic issues.
Meanwhile, in view of a higher rate of vaccination among regional countries going forward, he believes that a recovery of tourism-related sectors is possible, as countries are likely to adopt the “endemic approach” and open up their borders.
“In summary, the sectors which performed poorly in the recently-concluded results season might perform well due to pent-up demand when the Covid-19 outbreak is brought under control,“ says Yong.
For the second quarter, sectors that delivered poorer results were those hit hard by the movement restrictions including tourism, automobile, construction, retail and gaming.
“Technology and commodity sectors reported good earnings due to strong external demand and higher commodity prices,“ Yong adds.
Rakuten Trade Sdn Bhd head of equity sales Vincent Lau (pic below) notes that the recently concluded quarter saw better results compared to the quarter before.
Rakuten Vincent Lau cq
“Banks, plantation, technology and semiconductor all performed better than expected while gaming, construction, automotive, retail and hospitality were impacted by the lockdowns,“ he says.
Lau believes that as the local economy gradually opens up, banks will continue to do better, being direct proxies of the economy.
“The worst is over for banks,“ he says.
To be sure, in their respective statements released last week, two of the country’s largest banks – Malayan Banking Bhd (Maybank) and CIMB Group Holdings Bhd – indicated that they were not overly optimistic in their outlooks.
Maybank group president and CEO Datuk Abdul Farid Alias in the lender’s statement said that given the expectations of a more challenging second half, the group would continue its strategy of focusing on robust risk management, strengthening its capital and growing its current account savings account (CASA) deposit base to provide sufficient buffers for unexpected events.
The lender, the larger of the top two, said given the prevailing challenging situation, it would continue with its preemptive provisions and management overlay largely due to the weakening macroeconomic outlook and the continued repayment assistance accorded to borrowers impacted by the pandemic.
CIMB Group was equally conservative in its outlook with group CEO Datuk Abdul Rahman Ahmad stating that the bank remained cautious “due to potential downside risks in the second half.“
“This is primarily due to the Covid-19 Delta variant, which has added to the uncertainty surrounding the opening of regional economies and economic recovery.”
The lender has consequently lowered its loan growth guidance to 2%-3% and expect provision levels to remain elevated, coupled with higher modification loss as it continues to provide repayment assistance to affected borrowers, it said.
Meanwhile, Rakuten’s Lau
also picks the technology sector as a top choice moving into the next quarters.
“And so is plantation-
oil palm stocks are my choice.
With CPO price remaining elevated, we will continue to see good results ahead,“ Lau adds.
He remains “cautiously optimistic” on the whole, cautioning that US markets, which are correlated to regional markets, are trading at all-time high levels.
==============================
For September 2021 onwards to December 2021
These are the 18 sectors in KLSE
Total : 1,496 counters including call warrants , warrants
1. Consumer
2. Industrial
3. Construction
4. Finance
5. Technology
6. Properties
7. Plantations
8. Healthcare
9. SPAC
10. Transportation
11. REITS
12. Closed - End Fund
13. Exchange Traded Fund
14. Telecommunication
15. Utilities
16. Energy
17. PN 17
18. LEAP Market
==============================
Kenanga ,
Kenanga Investment Bank Berhad (Kenanga IB)
is a Malaysian financial services company which provides investment banking, stockbroking and investment management services.
&
Rakuten ,
Rakuten Trade Sdn Bhd (Rakuten Trade) is Malaysia's first fully online or digital equity broker.
Vincent Lau
“And so is plantation-
Oil palm stocks are my choice.
With CPO price remaining elevated, we will continue to see good results ahead,“ Lau adds.
He remains “cautiously optimistic” on the whole, cautioning that US markets, which are correlated to regional markets, are trading at all-time high levels.
