NOW SHOWING: The Trilogy of FAST & FURIOUS Shows - PART 12 --Another Subur / 6904
( limit up stocks are my choices. )
Author: SEE_Research | Publish date: 8 Oct 2021
NOW SHOWING: The Trilogy of FAST & FURIOUS Shows -
PART 12 --- By Rakuten ---
“And so is plantation- oil palm stocks are my choice."
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
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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 0.89 , 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 7, 8 October 2021 , onwards
(i)1st Target Price :
RM 0.68 level
( 17 % )
=====================================
(ii) 2nd Target Price :
RM 0.915 level
( 50 %)
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.
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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.
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
KUALA LUMPUR (Aug 26): TSH Resources Bhd is disposing of its 90% stakes in two Indonesian subsidiaries to Kuala Lumpur Kepong Bhd (KLK), realising cash proceeds of RM517.62 million.
TSH said in a statement the money will be used mainly to repay its bank borrowings which amount to RM513.12 million.
Post-disposal, the group’s net gearing will be reduced to 0.48 times from 0.83 times as at Dec 31, 2019.
"The improved gearing will also provide greater capacity to raise additional funding to accelerate the development of its remaining unplanted plantation lands. Upon maturity, the remaining plantation lands will contribute positively towards the TSH Resources group’s financial performance,” it added.
Meanwhile, TSH will also recognise an RM39 million profit on the disposal.
The disposal involved 10,816 hectares of planted oil palm area in East Kalimantan with a combined 231,255 tonnes of fresh fruit bunches production in 2019.
TSH Resources’ wholly-owned subsidiaries TSH Global Plantation Pte Ltd and TSH Oversea Pte Ltd today entered into conditional sale and purchase agreements with Taiko Plantations Pte Ltd, an indirect wholly-owned subsidiary of KLK, for the disposal of their 90% stakes in PT Farinda Bersaudara and PT Teguh Swakarsa Sejahtera.
In a separate filing, KLK said Taiko Plantations will be buying the 90% stakes in the two palm oil companies for a collective US$110.1 million, which will be funded by a combination of the group’s existing cash reserves and bank borrowings.
Taiko Plantations will pay US$76.7 million for the stake in PT Farinda Bersaudara and US$33.4 million for the stake in PT Teguh Swakarsa Sejahtera.
The planted/plantable area of PT Farinda Bersaudara Land and PT Teguh Swakarsa Sejahtera Land totals 17,610 ha, which together with the planted area of KLK’s existing PT Putra Bongan Jaya estates at 10,000 ha, would make up a sizeable 27,600 ha, all located at the same place in Kutai Barat, and will allow for greater economies of scale and operational synergies, said KLK.
TSH Resources’ share price ended one sen or 1.01% lower at 98.5 sen today, valuing the group at RM1.36 billion.
KLK closed 16 sen or 0.7% lower at RM22.64, bringing it a market capitalisation of RM24.42 billion.
Year to date, TSH Resources has fallen 36% from RM1.54, while KLK has dropped 9% from RM24.80.
Edited by S Kanagaraju
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