FCPO double tops neckline 4600 broken, MAV200 4250 hopefully can support.
(Malaysian palm oil futures tumbled near 3.0% to below MYR 4,600 per tonne, marking the fourth session of losses and hitting their lowest in seven weeks. The selloff was due to nervousness among traders over a massive long liquidation by funds, a trend expected to persist. On the export front, cargo surveyors noted Malaysian palm oil shipments fell between 6.7% and 9.8% during the Dec. 1-15 period, further pressuring prices. However, the Malaysian Palm Oil Council noted a recovery in soybean oil prices could support palm oil in December, while demand from China may improve ahead of Lunar New Year festivals in January. Separately, the EU Parliament approved a one-year delay for its deforestation law, now set to begin in Dec. 2025. On the production side, heavy rains and flooding disrupted activity in key Malaysian regions, prompting the industry regulator to forecast a fourth straight monthly decline in output in Dec. This could lead to a further reduction in stocks for the third month.)

FCPO almost reach critical support i.e neckline of double tops 4600. Failure to hold above neckline may cause prices drastic drop!?
(Malaysian palm oil futures hovered below MYR 4,720 per tonne, marking the third straight session of losses and hitting their lowest in three weeks. The decline was due to lower export estimates, with cargo surveyors noting that Malaysian palm oil shipments fell between 6.7% and 9.8% during the first 15 days of December. Adding to the bearish mood was a slight fall in palm oil buying from top consumer India last month, coupled with New Delhi's ongoing efforts to ease import dependence and achieve self-reliance in edible oils over the medium to long term. Capping further declines were signs of rising demand from key buyer China ahead of the Lunar New Year festivals at the end of January. On the production front, challenges from heavy flooding in key Malaysian regions persisted, with the industry regulator projecting a fourth straight monthly decline in output for December. These constraints are likely to further reduce December stocks, which would be a third successive monthly drop.)

Wait for 1.27-1.28 lo

You may realize FFB production drop YoY 22% and MoM 20%, with palm oil price 20% higher than 4000, it become equal, therefore we can estimate next QR around 5.5-6 sen, with higher than normal inventory 50M keep at 30 Sep may produce another 1.5sen (to be confirmed) thus 5.5-6+1.5 =7-7.5sen per share if no loss from other business.

this time it seems follow a cup and handle pattern to target 1.60

1.30 need to wait for January when Thailand reopen export

Ha, did Jtiasa read i3 post? Shoot up to 1.50 but didn't bite mine.

previous 1.45 resistance too strong, retreat to 1.25-1.27 is time to buy back. A breakout of 1.29 7 days straight lines last week is remarkable

https://themalaysianreserve.com/2024/12/05/malakoffs-re-expansion-reaches-bukit-damansara-communities/
Malakof started clean energy business.....

Is Jtiasa drawing a technical chart of a bowl and handle pattern? If so Target 1.60. Fatt.

https://www.businesstimes.com.sg/international/asean/heavy-rains-south-east-asia-flood-farms-and-force-evacuations
https://www.cbsnews.com/news/indonesia-floods-landslides-deaths-severe-weather-climate-change/
https://www.bangkokpost.com/thailand/general/2910076/floods-ravage-four-southern-provinces

FCPO responded to potential reduction of palm oil production.
https://www.reuters.com/world/asia-pacific/three-dead-thousands-displaced-malaysia-warns-worst-floods-decade-2024-11-29/

FCPO 5000 psychological level breaken out, now left 5200 double tops or BO

FCPO 4903 this morning, confirmed break out of downtrend channel. China PMI may be elevated brcause China's exports boom as companies race against Trump tariffs
https://asia.nikkei.com/Economy/Trade-war/China-s-exports-boom-as-companies-race-against-Trump-tariffs
( FCPO 4885 near 5pm finally break out of downtrend channel, possible proceed for range bound or double tops. Let see if tonight price can sustain. Among news related is MPOA reported palm oil production drop 5.2% MoM, EU palm oil import plunge 18% YoY since July, India already import enough for Nov and December, now left China order for CNY use. FCPO is eyeing China PMI due 30 Nov to decide it's direction)

FCPO 4885 near 5pm finally break out of downtrend channel, possible proceed for range bound or double tops. Let see if tonight price can sustain. Among news related is MPOA reported palm oil production drop 5.2% MoM, EU palm oil import plunge 18% YoY since July, India already import enough for Nov and December, now left China order for CNY use. FCPO is eyeing China PMI due 30 Nov to decide it's direction

HI, anyone who attend AGM can update what management mentioned anything good or unfavorable?

What happen to FCPO, trying to break out of these few days downtrend channel tonight despite weaken USD?

Hi, Mr Lee, Please update us the AGM questions ya. Thanks

Mr Lee, Thanks in advance for the sharing.
( Posted by Sslee > 1 hour ago | Report Abuse
By the way once jayatiasa reply my AGM questions, I will post it.)

Tomorrow RSI rebounded back >50%, End of this month QR released estimated EPS around 5 sen no dividend, QoQ +200%, YoY -28% NTA1.59. February QR release predicted 6 sen, Dividend 3-5 sen, QoQ +20%, YoY+20% NTA 1.65, how much it worth?

Oversold d

https://www.bangkokpost.com/business/general/2893076/palm-oil-exports-halted-as-prices-rise
Thailand indirectly goreng FCPO price.......

When largest world palm oil producer Indonesia ban palm oil export in 2022, palm oil price hit 7000, when 3rd largest producer Thailand ban palm oil export for 2 months, palm oil price may hit 5000. Let see! Coincidentally this quarter is
high production period within one year, just imagine what will happen to profit in QR to be released in February!
https://www.thestar.com.my/aseanplus/aseanplus-news/2024/10/31/thailand-bans-export-of-raw-palm-oil-as-production-takes-a-hit

Short term target 1.33, next month 1.40, next year 1.68. congratulation to those buying at RM1

As Insurance company mainly keep bonds for their investment, bond price appreciation will be good when US economy slow down and cut rate.
https://www.ram.com.my/pressrelease/?prviewid=6736

More than expectation. I thought 8 sen only

probably tomorrow AGM

Because this year CPO production lower than last year due to El nino, thus price can maintain high. China start releasing water into the pool, commodities prices rebound.

How much is expected Dividend to be announced?

Jtiasa got chance to BO 1.15? Let's watch

Soyoil future just broke out from double bottoms above neckline 42.50 due to China moderate financial stimulus yesterday, so did FCPO, however upside is limited as WTI oil haven't break out

The reason for palm oil lower production in 2024 than 2023 is very clear now-El Nino effect. August data suggested Penisular companies production not much affected but Sabah YoY reduced 39%, Serawak YoY reduced 29%!
https://bepi.mpob.gov.my/index.php/stock/313-stocks-2024/1173-monthly-closing-stock-of-oil-palm-products-2024
FCPO Report: Malaysian palm oil futures fell below MYR 3,890 per tonne, retreating for the third consecutive session as traders reacted to monthly data from the country's Palm Oil Board. Palm oil stocks at the end of August increased by 7.34% from the previous month to 1.88 million metric tons, the highest level in six months, according to the industry regulator. Meanwhile, production grew by 2.87% in August from July to 1.89 million tons, while exports fell by 9.74% to 1.53 million tons. In Indonesia, the top palm oil producer, Jakarta is preparing to lower export duties to improve competitiveness and raise farmers' incomes, which could further impact Malaysia’s export market. In India, the world’s largest palm oil consumer, purchases of the commodity plunged by 27% in August due to abundant stock levels. Elsewhere, crude oil prices declined on persistent concerns over weak demand from China. Still, strength in rival oils on the CBoT on Monday limited the decline.

Promotion time RM2+?

Palm oil export rebound after middle of August from MoM -20% to -9% end of August.
FCPO Report:
Malaysian palm oil futures surged around 1% to near MYR 3,980 per tonne after hitting as low as MYR 3,901 in the prior session, buoyed by a steady decline in ringgit. Prospects of sluggish output due to dry weather also uplift sentiment, as the Southern Peninsular Palm Oil Millers Association noted production edged down 1% during the first 25 days of August. Meanwhile, top grower Indonesia will launch a mandatory 50% palm oil-based biodiesel blending next year after the deforestation rules by the EU. However, weakness in Dalian rival oils limited the upturn. Meanwhile, cargo surveyors' data pointed to lower exports in August, with Intertek Testing Services saying shipments of Malaysian palm oil products fell by 9.9%. Also, there was a potential increase in import tax on vegetable oils in top buyer India, which could lower demand for palm oil. Elsewhere, crude oil prices were subdued after recent heavy losses, as concerns over China’s economic outlook offset supply disruptions in Libya.
Malaysian palm oil futures surged around 1% to near MYR 3,980 per tonne after hitting as low as MYR 3,901 in the prior session, buoyed by a steady decline in ringgit. Prospects of sluggish output due to dry weather also uplift sentiment, as the Southern Peninsular Palm Oil Millers Association noted production edged down 1% during the first 25 days of August. Meanwhile, top grower Indonesia will launch a mandatory 50% palm oil-based biodiesel blending next year after the deforestation rules by the EU. However, weakness in Dalian rival oils limited the upturn. Meanwhile, cargo surveyors' data pointed to lower exports in August, with Intertek Testing Services saying shipments of Malaysian palm oil products fell by 9.9%. Also, there was a potential increase in import tax on vegetable oils in top buyer India, which could lower demand for palm oil. Elsewhere, crude oil prices were subdued after recent heavy losses, as concerns over China’s economic outlook offset supply disruptions in Libya.

Any mentioned of loss in logging business in this QR?

Noted thanks. hng33 and SSlee, have to look forward QR

Therefore 2023 4Q EPS should read as 4sen and 2024 4Q should read as 3 sen

Last year 4Q there is a tax refund make it PBT40331 turn to nett profit of 60161? This year 4Q is a reverse play of last year? More tax deduction make the profit lower from PBT 31065 to nett profit of 15617. Therefore, we should look at PBT to compare?

HI, SSLee, kindly acknowledge us what happen to PnL of this QR? Below expectation

Jtiasa QR will be good, but it may dragged down a bit by loss in logging business like Taann, expect EPS 5sen, Dividend 3 sen
FCPO Report: Malaysian palm oil futures surged over 1% to near MYR 4,000 per tonne, rising for the second day while heading for robust weekly gains amid a weaker ringgit and strength in rival oil prices on the Dalian and the CBoT markets. Meanwhile, concerns about adverse weather and low output mounted after Malaysia forecasted thunderstorms from Aug. 30 to Sep. 5. The contracts are set to end August on a strong note, jumping around 2% after losses in the prior two periods, as top grower Indonesia plans to launch a mandatory 50% palm oil-based biodiesel blending next year following the deforestation rules by the EU. Simultaneously, crude oil prices edged higher due to tight global supply. Capping the bullish notion was caution as key importer India was considering an increase in import tax on vegetable oils, that could reduce demand for palm oil. Meanwhile, China will report official PMI figures for August Saturday, with markets expecting the manufacturing sector to shrink for the fourth month.

Aiyo 239.7M, below expectation, 4.15 support

Genting Plantation profit 85M, Dividend 8sen, anyone can help to calculate GenS+GenP still short of how much to achieve 480M?
(Stock: [GENTING]: GENTING BHD
1 week ago | Report Abuse
Genting QR to be released after market tomorrow 22 August. This time expecting Genting Plantation contribute bigger portion, GENM contribute higher than last Q to compensate disappointed Genting Singapore. Can 480M be achieved? Dividend 7sen? Dividend 7sen?)

FCPO report-Malaysian palm oil futures surged over 1% to above MYR 3,970 per tonne, increasing for the fifth session, its longest rally in six weeks, amid a weaker ringgit and strength in rival oils on the Dalian and CBoT markets. Prices hit a one-month peak, boosted by top exporter Indonesia's plan to raise its biodiesel blending rates as President-elect Prabowo Subianto hoped to launch a mandatory rate of 50% next year. Meantime, the Southern Peninsular Palm Oil Millers Association said output fell around 0.9% during the first 25 days of August. Separately, concerns about adverse weather grew after Malaysia forecasted thunderstorms from Aug. 26 to Sep. 1 in nine of its 16 states. However, weak exports limited the bullish impulse, as cargo surveyors' data noted shipments of Malaysian palm oil products for August. 1-25 sank between 14.05% to 14.9% from the same period in July. Meanwhile, crude oil prices eased after rising in the prior three sessions, due to worries over shaky demand from China.

Palm oil export increased after Anwar visited India!
FCPO report: Malaysian palm oil futures climbed around 1.5% to above MYR 3,920 per tonne, up for the fourth session to notch an over 3-week peak amid strength in Dalian's palm oil contract. Meanwhile, crude oil prices rose for the third session, on mounting fears of a broader conflict in the Middle East. Bets of robust demand from top buyer India continued to buoy sentiment, as the nation braced for a festive season between Sept. and Nov. In the world's largest exporter Indonesia, President-elect Prabowo Subianto hoped to launch mandatory 50% palm oil-based biodiesel blending next year. Meanwhile, Indonesian officials said they plan to raise the blending to 40% in January 2025, from the current 35%. A test for B50 is being carried out. Capping the upside momentum were lower exports in August, marked by fresh data from cargo surveyors. Shipments of Malaysian palm oil products for Aug. 1-25 fell between 14.05% to 14.9% from the same period in July, Intertek Testing Services and AmSpec Agri said.

it seems first target 1.20

August production is increasing. Export start increase after middle of August. Share price small uptrend will be noticed end of August.

FCPO Report: Malaysian palm oil futures hovered above MYR 3,730 per tonne after touching as low as MYR 3,698 in the prior session, lifted by firmer rival oils on the Dalian and the CBoT markets. Traders were also upbeat amid buying interest from top buyer India ahead of the festival season between September and November. Meanwhile, inventories at the end of July were low, with Malaysia's palm oil stockpiles at 1.73 million metric tons, the least since March. In the world's largest producer Indonesia, Jakarta is working for the rampant use of palm-oil-based B40 biodiesel in 2025. Capping the rise was a strong ringgit. At the same time, concerns about weak exports grew, with cargo surveyors noting shipments of Malaysian palm oil products for the first 20 days of August sank between 16.7 to 18.5% from July. Elsewhere, crude oil prices fell for the fourth session, pressured by an unexpected rise in US crude inventories, signs of easing tensions in the Middle East, and uncertain demand outlook in China.

Genting Malaysia (GENM) will be reporting its 2Q24F results on 29 Aug 2024F?

Hopefully after selling ytlpower, fund have reserve to change from growth stock to value stock....

Genting QR to be released after market tomorrow 22 August. This time expecting Genting Plantation contribute bigger portion, GENM contribute higher than last Q to compensate disappointed Genting Singapore. Can 480M be achieved? Dividend 7sen?

FCPO: Malaysian palm oil futures fell over 1% to around MYR 3,710 per tonne after hitting as high as MYR 3,761 in the prior session, dragged by mounting concerns of weak exports after fresh data from cargo surveyors indicated Malaysian palm oil products slipped between 20.2% and 22.3% from July during the first 15 days of August. The contracts are pointing to the fourth straight weekly drop, down nearly 1% so far, as economic recovery in key buyer China was uncertain, highlighted by weak activity data for July. Still, strength in rival oils on the Dalian Exchange and a weaker ringgit capped the fall. Regarding inventories, palm oil stocks at the end of July fell 5.35% from June to the lowest since March of 1.73 million metric tons. In top producer Indonesia, supply may be tightening after its shipments of crude palm oil and its derivatives contracted in July. Turning to India, the world's largest palm oil importer, markets projected robust demand for August, ahead of upcoming festivals.