Unlikely, if El Nino worsen, CPO will trade more than RM4k next year

Nice, strong rebound today. Let shorties bleed 😆

Wait it to climb back to RM1 then

CPO price is expected to rise next year due to robust demand for food and biodiesel. Remain buy in for MBL 🙂

looks like topglove still standing strong at above 80 cents. No more price retracement I guess

This shift in the chairman and board member are a friendly gesture. They are still in good relationship with Abang Jo

https://theedgemalaysia.com/node/693465

They might declare dividend when its Q4 result is out. Stay tuned

looks like your pet fish is porcupine puffer, BobAxelrod33 😆

no need to worry too much, its main business, i.e. manufacturing segment still presented splendid revenue in that quarter, which was RM51.97 mil (70% of total revenue)

now back to 80 cents price level...fierce shorties

India asks for six million tonnes of palm oil from Malaysia, says DPM

https://www.thestar.com.my/news/nation/2023/11/25/india-asks-for-six-million-tonnes-of-palm-oil-from-m039sia-says-dpm

Shorties attack gloves today I think...

https://www.nst.com.my/business/corporate/2023/11/980747/ensure-palm-oil-goods-continue-enter-eu-once-new-law-takes-effect

Malaysian palm oil will continue to Europe as well

Engine is very very hot today. Time to depart to 90 cents and above 😁

now you can get it at the price you wanted today, ElijahYH. Ha

finally breaks 0.80 today. See if it's sustainable or not

Can say like that, thesteward. Better collect while it's cheap and undervalued

waiting for another wave (Kossan's QR) to come

that's quite informative, knowing that the key factors influencing CPO prices in the near future are the El Nino phenomenon, rising biodiesel demand, robust crude oil prices and the pricing of sunflower oil.

Hard time to break 80 cents ...

if government really reduce the windfall profit levy, palm oil sector will shoot up definitely

Next stop : 0.80 and above 😁

Never try never know. Ha

https://www.thestar.com.my/business/business-news/2023/11/06/malaysia-palm-oil-groups-call-for-government-review-of-windfall-profit-levy

will break 80 cents again for sure 😁

Thanks, ryoyagod. Pretty sure they will start giving dividend as the pandemic era is over

Lol, you should also check the annual report for the year before 2020 besides the latest one, ElijahYH

Unless this new variant HV.1 is highly contagious and fatal, then hard to see glove sector to shoot up ..

https://www.timesnownews.com/world/new-covid-variant-hv-1-detected-in-the-us-what-we-know-article-104885596

Hope they abolish the levy. ha

https://www.freemalaysiatoday.com/category/nation/2023/10/26/no-intention-to-abolish-palm-oil-industrys-windfall-profit-levy/

Gold holds above $2,000 mark on safe-haven demand

https://www.reuters.com/article/global-precious/precious-gold-holds-above-2000-mark-on-safe-haven-demand-fed-meet-in-focus-idUSL4N3C00OW

El Nino is happening and it's estimated that it will last until 2024. Hence, it's favorable to palm oil, oil and gas price

https://theedgemalaysia.com/node/687324

Saw got D&O in the shorting list. But It doesn't get affected much and it goes up instead

No worries, this company is fundamentally strong and will continue to make profits for the following quarters. Hence, we can expect good dividend from it as well

Strong USD is supposed to be beneficial to the company doing export business ..

Pick up at 48 cents 😋 Nice and 'juicy'

Breakeven alrdy. Now wait for it to break 42 cents then tp. hehe

Better accumulate while it's traded at low PE and cheap

Lol. spam until 100 ++ comments on this counter

No need to say MBL is a net-cash company with that amazing performance

JP Morgan short again after showed that ridiculously low tp on Topglove?

It will break 42 cents and then hit 50 cents eventually. Be patient ba

it's a good start for its financial year of 2024. Believe it will continue making profit for the following quarters

Seems like property and construction stocks are very hot lately

People switched to construction and property sector...?

Lol, gave you chance to average down at 33 cents there alrdy. Now we can make profit once it breaks 42 cents 😁

Triggered by this news I think...

https://www.independent.co.uk/news/health/ba286-covid-strain-cases-risk-b2399222.html

Its Q2 is not bad la... If excluding the one-off listing expenses, its net profit in Q2 will be more than that in Q1

Will rebound today as Japan poured nuclear waste into the ocean. Premonicion Resident Evil 😁

It's an uptrend sign. People prepare to chip in 1st as market predicts property sector will recover fully in 2024

No sign of Tan Sri selling lor...Besides, this HR system will be beneficial for the company to manage its large labor force