http://www.wsj.com/articles/bank-indonesia-cuts-benchmark-rate-1474533793

http://jakartaglobe.beritasatu.com/business/indonesia-c-bank-seen-sutting-key-rate-5th-time-year/

DJ Malaysia September 1-20 Palm Oil Exports Down 12.2% -SGS
--------------------------------------------------------------------------------
Malaysia's palm oil exports during the September 1-20 period are estimated down 12.2% on month at 917,288 metric tons, cargo surveyor SGS (Malaysia) Bhd. said Tuesday.

The following are the major items in the SGS estimate:

(All figures in metric tons)

September 1-20 August 1-20
RBD Palm Olein 400,451 402,287
RBD Palm Oil 54,232 52,821
RBD Palm Stearin 58,672 75,515
Crude Palm Oil 201,610 292,560
Total* 917,288 1,045,079

Major importers of Malaysian palm oil:

European Union 160,055 203,995
U.S. 25,335 54,285
China 150,460 168,050
Japan 36,990 35,050
India 173,300 259,290
Korea 16,700 35,730
Pakistan 45,000 12,000
Bangladesh 29,000 32,950
Egypt 26,550 550
Turkey 57,039 7,500
South Africa 13,000 35,930

*Palm oil product volumes don't add up to total as some products aren't included

SGS Malaysia is a division of the Switzerland-based Societe Generale de Surveillance Group.

(END) Dow Jones Newswires

September 20, 2016 04:04 ET (08:04 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

http://www.thestar.com.my/business/business-news/2016/09/21/palm-oil-hits-five-month-high-as-supplies-tighten/

DJ Malaysia Sept. 1-20 Palm-Oil Exports 914,264 Tons -Intertek
--------------------------------------------------------------------------------
By Lucy Craymer

HONG KONG--Malaysia's palm-oil exports during the Sept. 1-20 period are estimated to have fallen 11% from the previous month at 914,264 metric tons, cargo surveyor Intertek Agri Services said Tuesday.

Another surveyor, SGS (Malaysia) Bhd., is expected to issue its estimate later Tuesday.

The following are the major items in the Intertek estimate:

(All figures in metric tons)

Sep 1-20 Aug 1-20
RBD Palm Olein 397,154 407,826
RBD Palm Oil 43,831 21,424
RBD Palm Stearin 55,526 71,015
Crude Palm Oil 217,010 316,710
Total* 914,264 1,027,039

Major importers of Malaysian palm oil:

China 142,630 137,300
European Union 129,650 199,022
India & Subcontinent 262,650 342,325
Middle East 138,005 36,550

*Palm oil product volumes don't add up to total as some products aren't included.

Write to Lucy Craymer at lucy.craymer@wsj.com, @lucy_craymer

(END) Dow Jones Newswires
September 19, 2016 23:44 ET (03:44 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.

0234 GMT [Dow Jones] A sharp rally in Asia crude palm oil prices on Monday, has supported oilseed futures in the U.S., says Commonwealth Bank of Australia; "Canola oil, with its higher oil content, benefited the most on the day." Key for palm oil prices Tuesday will be the release of export estimate data from both Intertek and SGS later in the session as the market will be looking to see whether export demand continues to hold up. The benchmark palm-oil contract on the Bursa Malaysia Derivatives Exchange closed up MYR84 ringgit a ton at MYR2,649 a ton. (lucy.craymer@wsj.com)

http://jakartaglobe.beritasatu.com/business/indonesia-palm-oil-output-seen-rising-fourth-straight-month-reuters-survey/

DJ Malaysia September 1-10 Palm Oil Exports Down 15.0% -SGS
--------------------------------------------------------------------------------
Malaysia's palm oil exports during the September 1-10 period are estimated down 15.0% on month at 395,970 metric tons, cargo surveyor SGS (Malaysia) Bhd. said Tuesday.

The following are the major items in the SGS estimate:

(All figures in metric tons)

September 1-10 August 1-10
RBD Palm Olein 179,325 215,510
RBD Palm Oil 26,300 19,900
RBD Palm Stearin 30,300 26,200
Crude Palm Oil 44,900 114,350
Total* 395,970 465,743

Major importers of Malaysian palm oil:

European Union 74,680 84,490
U.S. 12,335 14,735
China 67,700 101,390
Japan 20,900 12,173
India 48,000 104,400
Korea 12,700 24,330
Pakistan 30,000 12,000
Bangladesh 19,000 24,500
Egypt 20,150 550
Turkey 5,200 0
South Africa 13,000 8,930

*Palm oil product volumes don't add up to total as some products aren't included

SGS Malaysia is a division of the Switzerland-based Societe Generale de Surveillance Group.

(END) Dow Jones Newswires

gthhh .. CPO stocks in August down 17.29% to 1.45 million tonnes.
http://bepi.mpob.gov.my/index.php/monthly-release/147-monthly-release-2016/820-aug-2016.html

Stocks down 17.29%!

DJ Malaysia's August Palm Oil Exports 1.81M Tons; Up 31% -MPOB
--------------------------------------------------------------------------------
Malaysia's palm oil exports were up 31% on month at 1.81 million metric tons in August, the Malaysian Palm Oil Board said Monday.
The following are details of the August crop data and revised numbers for July, issued by MPOB:

August July Change
On Month
Crude Palm Oil Output 1,701,905 1,585,882 Up 7.32%
Palm Oil Exports 1,812,394 1,384,720 Up 30.89%
Palm Kernel Oil Exports 71,662 69,182 Up 3.58%
Palm Oil Imports 7,807 12,823 Dn 39.12%
Closing Stocks 1,464,491 1,770,650 Dn 17.29%
Crude Palm Oil 757,405 1,020,554 Dn 25.78%
Processed Palm Oil 707,086 750,096 Dn 5.73%

(END) Dow Jones Newswires

September 13, 2016 00:35 ET (04:35 GMT)

http://www.thestar.com.my/business/business-news/2016/09/12/all-systems-go-for-b10-biodiesel/

http://www.theedgemarkets.com/my/article/malaysia%E2%80%99s-palm-reserves-seen-5-year-low-demand-climbs

http://jakartaglobe.beritasatu.com/business/malaysia-aims-harmonize-palm-oil-export-duty-plan-indonesia-minister-2/

http://jakartaglobe.beritasatu.com/business/tax-offices-confidence-boosted-big-names-sign-amnesty-program/
http://www.bloomberg.com/news/articles/2016-09-02/indonesia-tycoons-line-up-for-tax-amnesty-in-boost-for-plan

Can comment the realised CPO price for 9-month ended 30.6.2016 only at RM1,995.

Mark this here http://klse.i3investor.com/blogs/koonyewyinblog/103394.jsp
No right or wrong answer. Timing is key!

"It is not just Malaysia and Indonesia, the points of origin, but also in markets that heavily consume palm oil, so India, China and parts of Europe, they are all tight in terms of inventory position," Concepcion said.
http://jakartaglobe.beritasatu.com/business/palm-prices-climb-tight-supply-output-rebound-looms-golden-agri/

Why the average realised CPO price MKH achieved for the first 9 months was low at RM1,995, compared to other plantation firms with presence in Indonesia such as United P and Genting P? MKH has not entered into any forward CPO selling contract.

Investment horizon 1 to 2 years. TP RM3.50. Core earnings of at least 35 sen with PE 10.

Property division is being transformed and will be exciting when market's sentiment gets better. Maybank yesterday foresees another rate cut this year. Yet to realise its potential and value from partnership with PanaHome. Large beneficiary of MRT project.

Buying cheap into plantation assets with growing contribution. Exciting moments to come with planned landbank expansion and potential venture into downstream business. Indonesia assets will rise in value in tandem with improved economy and appreciating IDR. Likely windfall to shareholders from plantation IPO.

Hui Lee _ The FFB tonnage is encouraging but average CPO realised was still low below RM2,000. This has impacted plantation earnings. CPO wasn't fetching a good price could probably due to the trees are still relatively young.

The plantation earnings should further improve from here, from both prices and volume.

It is good to see its property profit margin improved to 24% from 16%.
It is also good to see its unbilled property sales is still relatively high at RM800 million.
Q4 should see higher property sales with more launches of projects (Hillpark Residence, Boulevard II and TR Residence).

DJ Malaysia Aug 1-25 Palm Oil Exports 1,317,234 Tons - Intertek
--------------------------------------------------------------------------------

NEW DELHI--Malaysia's palm oil exports during the August 1-25 period are estimated up 31.09% on month at 1,317,234 metric tons, cargo surveyor Intertek Agri Services said Thursday.

Another surveyor, SGS (Malaysia) Bhd., is expected to issue its estimate later today.

The following are the major items in the Intertek estimate:

(All figures in metric tons)

Aug 1-25 Jul 1-25

RBD Palm Olein 493,196 417,489
RBD Palm Oil 76,404 96,080
RBD Palm Stearin 90,015 86,017
Crude Palm Oil 427,385 223,680
Total* 1,317,234 1,004,802

Major importers of Malaysian palm oil:

China 187,100 180,900
European Union 251,252 190,729
India & Subcontinent 455,970 239,660
Middle East 54,850 81,255

*Palm oil product volumes don't add up to total as some products aren't included.

Take a glimpse how an affordable housing developer performed!
Sales increased by 63% while profit jumped 70%.
Interim dividend declared.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5186129

Room for BNM to reduce interest rate if the inflation stays too low.
http://www.theedgemarkets.com/my/article/malaysias-july-inflation-11-year

0305 GMT [Dow Jones] If strong Asian crude palm oil prices persist into the fourth quarter of 2016 there may be further upside bias for prices to move beyond MYR2800 per metric ton given seasonally lower production, says OCBC analyst Barnabas Gan. He notes that El Nino has officially passed and the chance of a La Nina is only 55% to 60% in 2H16, and may well be delayed until 2017. The Bursa Malaysia benchmark three-month palm oil contract is down 49 ringgit to 2551 ringgit a ton. (lucy.craymer@wsj.com; Twitter: @lucy_craymer)

1014 GMT [Dow Jones] Asian crude palm-oil price futures rebound from losses to close higher Tuesday boosted by demand from India and topping up of stocks by China. Palm oil shipments from Malaysia, the world's second largest producer after Indonesia, increased more than 25% during August 1-20, from a month ago, according to cargo surveyors Intertek Agri Services and SGS (Malaysia) Bhd. India is the world's biggest vegetable oil importer and meets most of its annual demand from top producers Indonesia and Malaysia. "India will continue to be the world's largest consumer and importer of palm oil. China too will increase its oil purchases," says a Kuala Lumpur-based trader. Benchmark palm-oil futures for November on the Bursa Malaysia Derivatives Exchange rose MYR32 to MYR2575/ton. (vibhuti.agarwal@wsj.com)

http://bepi.mpob.gov.my/admin2/price_local_daily_view_cpo_msia.php?more=Y&jenis=1M
Average 2016 CPO price
Q1 - RM2,422
Q2 - RM2,599
Q3 so far - RM2,457

Will MKH pay interim dividend or dividend in specie in view of record earnings this year?

Sime Darby just announced Q4 results. It says _ higher average CPO price realised of RM2,636/MT for the quarter under review versus RM2,242/MT in the previous corresponding quarter.

http://www.theedgeproperty.com.my/my/content/856778/mkh-expanding-its-landbank

Palm oil stocks in Malaysia and Indonesia in 2016 and 2017 are projected to stay low.

Commodity Attribute Country 2010/2011 2011/2012 2012/2013 2013/2014 2014/2015 2015/2016 2016/2017
Oil, Palm Production (1000 MT) Indonesia 23,600 26,200 28,500 30,500 33,000 32,000 35,000
Malaysia 18,211 18,202 19,321 20,161 19,879 18,250 21,000
MY Exports (1000 MT) Indonesia 16,423 18,453 20,373 21,719 25,964 24,300 25,750
Malaysia 17,151 17,586 18,524 17,344 17,378 17,000 18,000
Ending Stocks (1000 MT) Indonesia 2,390 3,022 3,152 3,210 2,834 1,964 1,914
Malaysia 2,163 2,481 1,784 2,091 2,642 1,882 2,052

World palm oil stocks continue to be lower!

Commodity Attribute Country 2010/2011 2011/2012 2012/2013 2013/2014 2014/2015 2015/2016 2016/2017
Oil, Palm Production (1000 MT) World 49,192 52,529 56,378 59,342 61,641 59,402 65,495
MY Exports (1000 MT) World 37,276 39,811 43,111 43,191 47,471 45,574 48,017
Ending Stocks (1000 MT) World 8,372 9,511 9,325 9,246 9,435 7,352 7,104

DJ Malaysia August 1-20 Palm Oil Exports Up 27.4% -SGS
--------------------------------------------------------------------------------

Malaysia's palm oil exports during the August 1-20 period are estimated up 27.4% on month at 1,045,079 metric tons, cargo surveyor SGS (Malaysia) Bhd. said Monday.

The following are the major items in the SGS estimate:

(All figures in metric tons)

August 1-20 July 1-20
RBD Palm Olein 402,287 315,038
RBD Palm Oil 52,821 74,123
RBD Palm Stearin 75,515 62,775
Crude Palm Oil 292,560 190,600
Total* 1,045,079 820,191


Major importers of Malaysian palm oil:


European Union 203,995
U.S. 54,285
China 168,050
Japan 35,050
India 259,290
Korea 35,730
Pakistan 12,000
Bangladesh 32,950
Egypt 550
Turkey 7,500
South Africa 35,930

*Palm oil product volumes don't add up to total as some products aren't included

SGS Malaysia is a division of the Switzerland-based Societe Generale de Surveillance Group.

Now a Minister made CPO price prediction!
http://www.thestar.com.my/business/business-news/2016/08/22/cpo-prices-may-reach-rm3000-next-year/

http://www.theedgemarkets.com/my/article/palm-oil-average-rm2678-tonne-2016-malaysia-trade-body

After exactly a year, the same parties entered into another JV to add 32.19 freehold land shows that Kajang 2 has great prospects and potential to be developed into an integrated township. The prospects are likely to be enhanced by the on-going infrastructure projects such as MRT, new KTM station and new interchange which are targeted for completion in 2017.

DJ Malaysia Aug 1-20 Palm Oil Exports 1,027,039 Tons -- Intertek

--------------------------------------------------------------------------------

By Lucy Craymer

Malaysia's palm oil exports during the Aug. 1-20 period are estimated up 25.6% from a month ago at 1,027,039 metric tons, cargo surveyor Intertek Agri Services said.

Another surveyor, SGS (Malaysia) Bhd., is expected to issue its estimate Monday.

The following are the major items in the Intertek estimate:

(All figures in metric tons)

Aug 1-20 Jul 1-20
RBD Palm Olein 407,826 342,503
RBD Palm Oil 21,424 86,380
RBD Palm Stearin 71,015 74,797
Crude Palm Oil 316,710 152,850
Total* 1,027,039 817,736

Major importers of Malaysian palm oil:

China 137,300 138,300
European Union 199,022 167,469
India & Subcontinent 342,325 177,630
Middle East 36,550 78,590

*Palm oil product volumes don't add up to total as some products aren't included.

Write to Lucy Craymer at lucy.craymer@wsj.com, @lucy_craymer

(END) Dow Jones Newswires

August 21, 2016 04:51 ET (08:51 GMT)

Pleasure reading! http://www.theedgeproperty.com.my/my/content/853481/semenyih%E2%80%99s-growth-spurt

Alex Chen said_
Up to 2Q, we have accumulated production of 218,700 tonnes of FFB (fresh fruit bunches), which represented 53% of our annual budget of 413,000 tonnes of FFB,” he said, adding that the management had prepared the necessary irrigation works and other mitigation measures prior to the El Nino’s arrival in this region.
http://www.theedgemarkets.com/my/node/280864

Added 32.19 Freehold land! http://www.bursamalaysia.com/market/listed-companies/company-announcements/5180833

Kajang 2 now has a total landbank of 432 acres. Watch out for development on this strategic location.

CPO USD price.
http://cloud.highcharts.com/show/yqafuj

“The underlying message is that the reason we are seeing demand coming from ex-China, is that it’s the emerging markets where we see the next leg of growth.”
Growth in Southeast Asia and India to add to demand.
http://www.bloomberg.com/news/articles/2016-08-19/a-commodities-rebound-is-accelerating-right-on-china-s-doorstep

曾贵秋：美景控股正考虑与一家上市伙伴合作，进军下游业务，生产食用油。摄影： Kenny Yap
（吉隆坡23日讯）虽然棕油价格将上升，但没有多少种植集团预计受惠，因厄尔尼诺（El Nino）现象料导致产量下降。然而，对产业发展商美景控股（MKH Bhd）而言，棕油价格走高是个好消息，因其在印尼拥1万5900公顷油棕园。

事实上，这对美景控股来说是个好时机，将种植业务更上一层楼，因产业市场仍未见起色。

其实，该集团正热衷于提高在印尼的种植组合，包括可能扩大至木薯种植业。而且最终可能分拆种植业务，并在印尼或新加坡上市，以释放其价值。

美景控股执行主席丹斯里曾贵秋接受《The Edge》财经日报访问时表示，管理层正积极在目前种植园坐落的东加里曼丹，物色更多种植园地。

“我们收到多方接洽，在加里曼丹联营和收购大幅种植地，但我们一直在精挑细选，因为良好且肥沃的土地须相当大的努力。”
他补充，这放慢了集团的种植园地收购计划。

曾贵秋暗示，该集团可能很快敲定在低成本区的2000公顷种植地收购。他指出，目前1万5900公顷地的成本当时买入仅4亿令吉，但截至去年9月30日止2015财政年，值10亿令吉，本财年更可能高达11亿令吉。
他说，美景控股也正考虑在今年与一家上市伙伴合作，进军下游业务，生产食用油。

该集团还看中在印尼收购木薯农场的机会，以扩大集团农业组合，并在未来出口木薯至其他国家，包括中国的机会。
“如果美景控股能够找到另一幅2000至4000公顷的种植地，本集团可能分拆种植业务为独立的上市实体。”
截至2015年12月31日的2016财年首季，美景控股种植业务占集团税前盈利的约20%，曾贵秋预计，第二季将升至25%。
他补充，如果净原棕油价格达每吨2300令吉，这比重在2017财年可能进一步升至40%。

他表示，厄尔尼诺现象并没有严重影响该集团在东加里曼丹的棕油产量，且该集团仍然有望实现2016财年的生产目标。
“截至第二季，我们的鲜果串产量累积到21万8700吨，占全年41万3000吨目标的53%。”

他并称，在厄尔尼诺抵达该地区前，管理层已经准备了必要的灌溉工作和其他缓解措施。

美景控股最初预计2016财年的每公顷鲜果串产量为29吨，但基于每吨2300令吉的原棕油价格，该集团将内部目标提高至35吨。
“我们预计今年的原棕油价格在每吨2400和2700令吉之间交易。”他说，市场普遍认为由于目前产量和库存主要因为厄尔尼诺天气而下降，原棕油价格展望依然正面。

这是基于世界最大的棕油生产国印尼上个月宣布，正在研究停止对油棕生产的新特许权，这可能进一步限制这个行业的可用土地。
此外，如果印尼的B20生物柴油计划和大马B10计划可成功和切实执行，曾贵秋觉得，对本地的原棕油盈余消费将带来正面效应，从而维持原棕油价格于更持续的价位，波动较小。

同时，在8亿2700万令吉的强劲未入账销售带动，预计2016财年创净利纪录的美景控股，已下调本财年的销量预期，从8亿令吉降至6亿令吉，符合当前经济环境。

尽管如此，他不预期产业销售放缓将影响集团2017财年的盈利，因今年销量较低的预期只会在2018财年显现。
据他说，8亿2700万令吉的未入账销售料支撑集团2016和2017财年的盈利能见度。该集团截至第二季的新销售合共约3亿令吉。
“这两年内的种植业务盈利能见度，可能能够支持未来两年的盈利强劲。”

曾贵秋表示，种植业务能够帮助集团减轻产业市场疲软的风险。

他还表示，该集团旨在维持2016财年每股5仙或更高的单层股息。
该集团2016财年首季净利从上财年同期的3013万令吉，倍增至6167万令吉。2015财年为8696万令吉。
该集团预计在本财年推介6个产业项目，发展总值合共9亿4800万令吉。

“我们一直在寻找具有良好发展潜力的土地，无论是本地还是国外。印尼可能是我们第一个产业发展的海外市场。”
该集团的地库主要坐落于加影、士毛月和莎阿南北部，潜在发展总值预计达97亿令吉。

（编译：陈慧珊）

Chen said ... What sets us apart from others are the locality of our property developments, many which are near the upcoming MRT and LRT stations. Property and Plantation Division will continue to be the twin booster to support the Group’s future earnings and growth momentum. PanaHome MKH Malaysia Sdn Bhd is a joint venture construction company between the Group (49%) and PanaHome Malaysia Sdn Bhd (51%) combining the Group’s knowledge in the real-estate development business with PanaHome’s Japanese construction technology. To date, our land bank has steadily increased to a gross development value (GDV) of RM12.0 billion which will keep us busy for the next 10 years. At least 7 of our current and future projects are located near MRT stations.

MKH is still about property!

Upcoming projects integrated with LRT/MRT.
http://mkhberhad.com/properties/jalan-tun-razak/
http://mkhberhad.com/properties/jalan-bukit-kajang/

Indonesia statistics! (In million)
See the closing stock .. not even enough to cover 1 month export.

July 2016 June 2016 July 2015
Production 2.70 2.69 2.57
Exports 1.90 1.78 2.09
Stockpiles 1.72 1.80 2.95

Write a comment..http://www.bloomberg.com/news/articles/2016-08-18/indonesia-palm-exports-seen-at-three-month-high-on-china-demand
http://www.thestar.com.my/business/business-news/2016/08/18/palm-oil-enters-bull-market-as-demand-rises/

Soybean oil and palm oil prices show bullish sign!
http://www.bursamalaysia.com/market/derivatives/prices/#/?page=1&contract_code=FCPO
http://www.bloomberg.com/quote/BO1:COM