Indonesian exports surge in April on high commodity prices

Indonesia's exports racked up their strongest rise in 11 years in April, boosted by surging prices of key commodities such as palm oil and coal, data from the statistics bureau showed on Thursday as they beat analysts' expectations.

 

JAKARTA: Indonesia's exports racked up their strongest rise in 11 years in April, boosted by surging prices of key commodities such as palm oil and coal, data from the statistics bureau showed on Thursday as they beat analysts' expectations.

The resource-rich nation's shipments rose 51.94per cent on a yearly basis to US$18.48 billion, for their sharpest increase since 2010, outperforming a figure of 41per cent forecast in a Reuters poll.

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 Indonesia's exports racked up their strongest rise in 11 years in April, boosted by surging prices of key commodities such as palm oil and coal, data from the statistics bureau showed on Thursday as they beat analysts' expectations

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STRONGEST RISE IN 11 YEARS IN APRIL (2021), BOOSTED BY SURGING PRICES OF KEY COMMODITIES SUCH AS PALM OIL

What has it got to do with TSH?

OF COURSE IT DOES!!

ALL THE PALM OIL PLANTATIONS OF TSH ARE LOCATED IN INDONESIA (WHEN MALAYSIA CLOSED THE BORDER TO INDONESIANS DUE TO MCO LOCK-DOWN - TSH RESOURSE ENJOYED ABUNDANT CHEAP INDON LABOUR

SO THE WORST MONTHS OF JAN TO MARCH 2021 JUST REPORTED ARE OVER

FROM APRIL TILL NOW MAY 21ST AND ALL THE REST OF 2021 TSH WILL SEE VERY FANTASTIC PROFITS

Any other Profits?

Yes! TSH reported that Its Sale of 2 Palm Oil Estates to KLK will be concluded by 2nd Qtr of 2021. This will register Extra Profit from Land Sale PLUS Its Sale of Palm Oil, Cocoa & Lumber

LUMBER?

According to Mr. Pang of Ecowood (Subsidiary of TSH) sale of Wood Flooring has improved both domestically & export

And ECOWOOD Export Wood Product to USA where there is a Spike Up in Lumber Prices right Now

TSH got its Wood from managing over 200,000 Acres of Forest in Sarawak which yield abundant long term certified harvest.

TSH also went into DownStream Cooking Oil Refinery in a 50/50% JV with Wilmar in Sabah

ALL THE ENGINES OF GROWTH OF TSH ARE NOW FIRING UP ON ALL CYLINDERS BY THE NEW FOUND POWER OF PALM OIL, LUMBER & PALM OIL REFINERY

No wonder that INSIDERS have been buying & buying

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