production low

https://www.thestar.com.my/business/business-news/2020/12/17/midf-maintains-039buy039-on-sp-setia

@desire..not downtrend..it is going to hv a brief consolidation going forward.

foreign fund's darling stock

under value bigcap stock..p /NBV less than 0.40 cent

volume ady surpassed average volume to past 20 days volunn

should break 1.12 today to enable to form a handle equallalent to 5 june 2020 peak

highspeed train very very important project will spur kluang valley,klia area and along south to seremban.boom

the announcement to resume highspeed train project at 31 dec 2020 will boost property share sentiment.Bandar malaysia project to kick start after cny.again will boost property and contruction

@DestinyL..u don know what is handle lol..JBond007 has already explained to you.lol.

going to break to handle anytime soon by this week

in the process of forming a handle

yes it could break rm1..forming handle pattern to break up with gap up above soon with big volume

overlook stock even cpo break 3600

tp at rm1.29

managed to sold all today too.good luck everyone.

illiquid share,hav to wait for retailers to come in.normally fund managers will look for liquid shares.

https://www.theedgemarkets.com/article/cpo-futures-end-higher-lower-inventory

https://www.theedgemarkets.com/article/cpo-futures-end-higher-lower-inventory

tsh's price would stay between middle and upper bollinger for the a few weeks along will cpo price rally towards january

tsh already breakup just now above the upper bollinger with volume exceeding average volume the past 20 days.consider successfully break up.

tsh is consolidating btw 1.08 to 1.10..building triangle...taking a short break getting ready to move along with cpo rally

fcpo just breakup from triangle ,could soon touch 3500 these 2 weeks

https://www.theedgemarkets.com/article/palm-oil-demand-will-be-limited-if-prices-continue-rise-%E2%80%94-analysts

just imagine.last year november 2019 rally to january to above 2.5 when palm price rm3100 only..now already rm3400 to rm3500.and if export duty free extension to march 2021,price of palm touch rm4000 in january 2021 with strong economy recovery play,sop prices should exceed rm7

just imagine.last year november 2019 rally to january to above 1.59 when palm price rm3100 only..now already rm3400 to rm3500.and if export duty free extension to march 2021,price of palm touch rm4000 in january 2021 with strong economy recovery play,tsh prices should exceed rm2

https://www.theedgemarkets.com/article/palm-oil-demand-will-be-limited-if-prices-continue-rise-%E2%80%94-analysts

Malaysia may keep duty free palm exports for January-March next year.if it is true,palm oil price may rally to rm4000/my in January
all palm oil counter should also rally to all time high
2nd half december 2020 should start moving up if free export duty.

2nd half of december 2020 should start moving of free palm exports

Malaysia may keep duty free palm exports for January-March next year.if it is true,palm oil price may rally to rm4000/my in January
all palm oil counter should also rally to all time high

repeating 4 november 2019 uptrend
impulsive uptrend is coming

2019 annualised EPS Is rm0.15 and the highest price about tm2.5 based on 16xPE

I think this share min annualised EPS is rm0.38.which would translate to a share of about rm7 based on 18xPE

should be above RM7 tp if based on PE at 24 for FY2021

3rdqrt cpo average price RM2839 /ton

now cpo above 3200/ton.tsh should above 1.8

https://www.theedgemarkets.com/article/mpic-average-cpo-price-rm2800-tonne-2017

from October price for CPO..looks like ranging btw 2900+t to 3050..good news
most of TSH palm oil land located in kalimantan
hopefully.cpo price could break 3100 onwards.in view of good price soy bean la nina..depavalli festival
china keep buying palm oil.but down stream production oil price would not been so positive especially biodiesel in iew of lock down many part of cities in the world.
that would affect the crude oil price.

those who hv bought SOP could laugh to the internet banking next year as SOP so cheap with high EPS .if based on 24x2021 PE..sop could go as high as rm11-rm12
..only proplem is the stock less liquid .

TSH deep and based building already over
TSh is coming.

political uncertainty could hv already priced ,market should be looking forward bigger and global vaccine good news..whole of 2021 should be a steady bull ahead.

...above net profit of 92 million is excluding tsh coco ,rubber plantation and wood furniture production.and palm downstream production

average cop price is 2753 per ton from july to september,and anticipated 2500 to 3000 per ton (average 2750 per ton) from Oct to december.3qrt and 4qrt combined net profit should be around 70 million.plus 1st art profit 2.26mil and 2nd qrt net profit 19.8mil.total net profit should be around rm92 million against tsh capital issued..it Eps should be 6.7 sen.based on 24x 2021 , before the 4qrt result out..price could be around rm1.6
(TSH upstream production of 21tons /hector of TSH 4500 hector of palm oil planted area)

https://www.theedgemarkets.com/article/malaysias-oct-110-palm-oil-exports-rise-133-%E2%80%94-amspec-agri

trading at 20x PE is cheap compared to downstream core Simeplantation which trading at sky high PE of 54x..and simeplt up by 0.11

late next week..

trend reversal to up after the second deep on 2nd october

great closing at 0.985 upper trend line now

crude oil price up,la nina around the corner,high soy price,india great festival around the corner,stock pile down for 2 giant purchaser india and china to support cpo price rally in 4th qrt

wow 4thqrt net profit going to be very solid as now cpo already trading btw 2900 - 3000