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2024-08-14 11:38 | Report Abuse
FCPO report: Malaysian palm oil futures hovered around MYR 3,700 per tonne, slipping for the second session amid declines in rival oils on the Dalian and CBoT markets. Meanwhile, there were signs of deteriorated exports, with early data from cargo surveyors indicating Malaysian palm oil products sank between 12.2% and 17.7% from July during the first ten days of August. Simultaneously, monthly data from the industry regulator showed production in July jumped 14% from the prior month to 1.84 million tons. Regarding crude oil, prices broke a five-day streak of gains, due to demand concerns after OPEC cut its forecast for 2024 demand growth in the face of softer figures in China. A weaker ringgit limited the bearish notion, along with reports that palm oil purchases in top buyer India surged 39% from June to 1.09 million metric tons, the highest in 13 months. Meantime, inventories at the end of July shrank 5.4% to 1.73 million tons, according to the Malaysian Palm Oil Board.
2024-08-12 16:16 | Report Abuse
利好不涨是看空?
https://theedgemalaysia.com/node/722470
KUALA LUMPUR (Aug 12): Malaysia’s palm oil exports surged 39.92% to 1.69 million tonnes in July 2024 from 1.21 million tonnes in June 2024, according to the Malaysian Palm Oil Board (MPOB). At the same time, CPO production rose by 13.97% m-o-m to 1.84 million tonnes, from 1.62 million tonnes in June, while palm kernel output was up by 16.17% m-o-m to 427,342 tonnes, from 367,852 tonnes in June.
2024-08-12 15:05 | Report Abuse
利好不涨?
FCPO report: Malaysian palm oil futures traded around MYR 3,730 per tonne after hitting as high as MYR 3,767 in the prior session, weighed by falls in rival oils on the Dalian and CBoT markets. Meanwhile, monthly data from the industry regulator showed that output surged 14% from the prior month to 1.84 million tons in July. At the same time, there were signs of weak exports in August, marked by the latest readings from cargo surveyors that Malaysian palm oil products during August 1-10 each slipped between 12.2% and 17.7%. Capping the decline were fresh figures from the Malaysian Palm Oil Board that indicated inventories at the end of July shrank 5.4% to 1.73 million tons. In top importer India, palm oil purchases in July surged 39% from June to 1.09 million metric tons, the highest in 13 months, dealers said. Elsewhere, crude oil prices rose for the fifth session, amid mounting tensions in the Middle East and strengthening bets of an imminent rate cut in the US, which all could lift demand.
2024-08-12 09:53 | Report Abuse
Genting Singapore QR release after hour on 2024-08-13, if market screener is correct.
2024-08-07 09:10 | Report Abuse
FCPO Report-Malaysian palm oil futures were below MYR 3,770 per tonne, falling for the second session to notch their lowest level in six months as contracts for rival oils on the Dalian and CBoT markets tumbled while ringgit slipped further. Market participants also stayed vigilant ahead of crucial data this week from key buyer China, notably trade figures and inflation numbers. Separately, industry regulator data for July will be released next week. Potential bargain-hunting activities capped the bearish notion, along with forecasts of solid exports last month, marked by cargo surveyors' data that noted Malaysian palm oil shipments may rise between 22.8% and 30.91% from June. In top buyer India, palm and soybean oil purchases soared to their highest in a year for July, with refiners preparing for a potential import duty hike. Elsewhere, crude oil prices jumped after falling in the prior three sessions, as fears of a wider conflict in the Middle East prompted fresh buying.
2024-08-06 19:40 | Report Abuse
Foreign fund nett sell -336M, Retail nett sell -210M, Thanks to local fund absorbed 546M yesterday. Today we noticed fund transfer from growth stock to value stock (eg Genting) to prepare for US potential recession (https://fred.stlouisfed.org/series/SAHMREALTIME 0.43-->0.53, US inverted rate curve flatten, Yen carried trade sold off and returned). Foreign fund is waiting confirmation with this week another US job report while Genting is waiting for Genting Singapore QR report next week..............
2024-08-06 11:31 | Report Abuse
FCPO Report-Malaysian palm oil futures were below MYR 3,900 per tonne following solid gains in the prior session, rattled by a stronger ringgit and weaker Dalian rival oils. Meantime, crude oil prices hovered at an 8-month low, due to mounting fears of a recession in the US. Still, strong export estimates limited the fall, as cargo surveyors' data noted Malaysian palm oil shipments may rise between 22.8% and 30.91% from the prior month in July. Meanwhile, Societe Generale de Surveillance said exports were at 1.48 million tons, surging 23.6% from June. Turning to key buyer China, clients continued to refill inventories, ordering cargoes for palm oil delivery until September. Meanwhile, Chinese services activity in July emerged from an 8-month low. In the world's largest edible oil importer India, palm and soybean oil purchases for July soared to their highest levels in a year, with refiners increasing their buying following a price correction while anticipating a potential import duty hike.
2024-08-02 17:27 | Report Abuse
FCPO Report: Malaysian palm oil futures hovered around MYR 3,900 per tonne, halting losses in the previous two sessions amid a rise in palm oil contracts on the Dalian market. Higher export estimates also helped sentiment, with cargo surveyors' data noting Malaysian palm oil shipments may rise between 22.8% and 30.91% mom in July. Meanwhile, Societe Generale de Surveillance said exports were at 1.48 million tons, a 23.6% surge from June. However, prices are on track to dip for the second week, down around 1%, so far, squeezed by recent strength in ringgit. Meantime, the Malaysian Palm Oil Association implied robust production in July, as figures from the first twenty days climbed almost 15% due to a seasonal better yield. In top buyer India, palm oil consumption was modest in July, with festival demand not yet accelerating. Meanwhile, crude oil prices are heading for the fourth straight weekly fall as weak Manufacturing PMI data in the US and China sparked renewed concerns about economic outlook.
2024-07-30 17:31 | Report Abuse
FCPO report: Malaysian palm oil futures hovered near MYR 3,925 per tonne after retreating to as low as MYR 3,861 in the prior session, helped by a rise in the palm oil contract in the Dalian Exchange. Meanwhile, hopes of robust exports strengthened after cargo surveyors Intertek Testing Services and Amspec Agri said exports soared 31% yoy during the first 25 days of July. Further, Societe Generale de Surveillance estimated shipments of 1,193,049 metric tons, compared with 908,517 tons on June 1-25. Limiting the rise were reports that India's palm oil consumption remained modest as festival demand has yet to pick up while purchases of rival edible oil soybean oil also grew. Meantime, crude oil prices traded near a seven-week low, due to a softer demand outlook, particularly from China. In Indonesia, the world's largest palm oil producer, the government will review domestic market obligation rules for the commodity, potentially changing the prices for the portion and types of products sold locally.
2024-07-29 17:21 | Report Abuse
FCPO Report: Malaysian palm oil futures were below MYR 3,920 per tonne after rising to as high as MYR 3,970 in the prior session, due to weakness in rival oils on the Dalian market and recent strength in ringgit. Meanwhile, signs of higher output mounted after the Malaysian Palm Oil Association said production for the first 20 days of July surged near 15% mom, due to seasonal increased yield and more rainfall in Southeast Asia. Cautious traders continued to follow early reports that Indonesia, the world's largest palm oil producer, is planning to review domestic market obligation rules for the commodity, potentially changing the prices for the portion and types of product sold locally. Capping the fall were signs of strong exports, with data from cargo surveyors noting shipments of Malaysian palm oil products for July 1-25 surged 31%. In top buyer India, palm oil purchases in July likely climb 26% to a record 1.92 million tons, ahead of an anticipated hike in import levies and upcoming festivals.
2024-07-24 17:22 | Report Abuse
FCPO: Malaysian palm oil futures plunged more than 1.0% to below MYR 3,920 per tonne, withdrawing for the second session amid falls in rival oils on the Dalian and CBoT markets. Meanwhile, signs of higher output in July strengthened, as data from the Southern Peninsular Palm Oil Millers showed palm oil production jumped 17.8% month-over-month from July 1 to 20. Simultaneously, crude oil prices fell for the second day as worries about weaker demand prevailed. Capping the bearish mood was a sentiment of robust exports, highlighted by cargo surveyors' data that shipments of Malaysian palm oil products soared between 39.2 to 41.4% from July 1 to 20. In the world's biggest buyer India, purchases of edible oil imports surged are expected to jump 26% to a record 1.92 million tons, due to lucrative prices and ahead of an anticipated hike in import duties. In top producer Indonesia, the government is planning for the use of palm-oil-based B40 biodiesel in 2025, replacing the current B35 blending.
2024-07-24 14:59 | Report Abuse
Positive for Genting also. Delay Licensing meaning delay CAPEX, thus GMNM have sufficient cash to distributed to mother Genting in near term.
(Posted by neohts > 5 hours ago | Report Abuse
https://theedgemalaysia.com/node/720114
New York downstate casino licence to be awarded by end-December 2025, positive for GenM — Phillip Capital)
2024-07-23 10:46 | Report Abuse
Bursa Market Foreign fund nett selling Day 1 yesterday -147M. if KLCI index unable to return above short term support 1630 in 3 days, market may settle down for portfolio rearrangement for future Trump presidency until Olympic games finish. Genting is the beneficiary of week dollars, thus should be good near Olympic games ended. Watch 4.85
2024-07-22 23:06 | Report Abuse
Coming! FCPO report: Malaysian palm oil futures hovered near MYR 3,980 per tonne, rising for the fifth session amid strength in rival oils on the Dalian and CBoT markets. Bets of strong exports in July also strengthened after data from cargo surveyors showed shipments of Malaysian palm oil products surged between 39.2 to 41.4% for July 1-20. In top buyer India, palm oil buying this month could reach 850,000 metric tons, compared with 788,000 tons in June, as upcoming festivals loom. Turning to key consumer China, policymakers moved to further help a fragile economy after last week's Third Plenum by cutting key lending rates to fresh lows and delivering the first rate cut for its short-term policy rate. A stronger ringgit capped the bullish notion. Meanwhile, figures from the Southern Peninsular Palm Oil Millers Association implied palm oil output rose by 8.7% on the month during the first half of July. Regarding crude oil, prices were mixed after US President Biden decided to bow out of the election race.
2024-07-22 11:20 | Report Abuse
Foreign fund nett buying Day 16 last Friday +93M, Local institution keep nett selling -102M. KLCI short term support 1630 unfortunately broken down so easily, let see if today can close above 1630. If today is a bearish engulfing or evening star candlestick, market may settle down for portfolio rearrangement for future Trump presidency until Olympic games finish. It seems foreign fund temporally trapped by local institutions. Genting is the beneficiary of Trump presidency, thus should be good near Olympic games ended. Watch 4.85
2024-07-19 15:46 | Report Abuse
Foreign fund nett buying Day 15 yesterday +21M, Local institution keep nett selling -55M. KLCI short term target 1630 broken D2, if D3 can close above 1630, next week outlook will be bright. It seems foreign fund start buying Genting. Watch 4.85
2024-07-17 17:30 | Report Abuse
FCPO: Malaysian palm oil futures were around MYR 3,940 per tonne, touching more than 4000, increasing for the third session as rival oils on the Dalian and the CBoT markets strengthened. At the same time, exports for July are expected to grow robustly, driven by strong demand from top buyer India ahead of upcoming festivals. Data from cargo surveyors Intertek Testing Services and AmSpec Agri showed shipments of Malaysian palm oil products for July 1-15 climbed between 65.9% and 75.6% from a month before, as shipping disruptions eased. Meanwhile, worries over a potential La Nina event emerged as the weather may bring higher rainfall in Southeast Asia, weighing supply. Elsewhere, the Malaysian Palm Oil Association said the contracts are projected to average between MYR 3,850 to MYR 4,000 this year, a slight rise from 2023. A firmer ringgit capped the upside notion, however. Separately, crude oil prices were near their lowest in a month, rattled by signs of weakening demand in China, the world's largest oil importer.
2024-07-17 10:18 | Report Abuse
Foreign fund nett buying Day 13 yesterday +64M, Local institution keep nett selling -84M. KLCI short term target 1630 seems broken, let see closing index if can maintain above 1630. Any successful breakout will bring KLCI towards 1680! Is Genting turn this round? Watch 4.85
2024-07-16 18:44 | Report Abuse
Palm oil export delay due to congestion at Malaysia ports in June currently released in early July, causing export surge in July.
FCPO: Surveillance said exports of Malaysian palm oil products for the period were at 786,830 tons, compared with 488,388 tons on June 1-15. Separately, the Malaysia Palm Oil Board projected demand from big buyers, including India will stay robust ahead of upcoming festivals. Limiting the upside mood was the third session of drop in crude oil prices due to a firmer dollar following Donald Trump’s assassination attempt. Meantime, economic momentum in key buyer China notably eased in Q2 of 2024, due to multiple headwinds at home and from abroad.
2024-07-16 15:07 | Report Abuse
It seems that local institutions and retailers are unloading shares anything above 1630 recently.......
2024-07-16 15:00 | Report Abuse
Let's hoping August Q2 results release >10sen and dividend>7sen, RM5 can be touched.
2024-07-16 10:06 | Report Abuse
Foreign fund nett buying Day 12 yesterday +327M, KLCI short term target 1630 reached. Any successful breakout today will bring KLCI towards 1680! Is Genting turn this round? Watch 4.85
2024-07-15 15:47 | Report Abuse
Today may be a one day show because Genting Singapore is not moving together, Maybank IB trap again? real breakout is expected in early August when Genting Singapore QR release.
2024-07-15 15:13 | Report Abuse
Today witnessing real 破底(4.65)翻. Maybank IB vs retail investors
2024-07-12 17:22 | Report Abuse
Malaysian palm oil futures traded above MYR 3,950 per tonne, increasing for the second straight session amid continued bargain hunting and strength in soyoil oil on the CBoT market. At the same time, bets strengthened that exports in July may recover as shipping disruptions ease. Cargo surveyor AmSpec Agri noted that Malaysia's palm oil shipments for July 1-10 jumped strongly by 86% on the month. Separately, the Malaysia Palm Oil Board projected that demand from key buyers China and India will remain robust in the near term. Recent estimates showed India's palm oil buying may reach 850,000 metric tons in July ahead of upcoming festivals, after hitting a six-month peak of 788,000 tons in June. The contracts are set to finish the week on a downbeat note, however, down over 2% so far following gains in the prior two periods, pressured by figures from the industry regulator that showed inventories in June jumped to a four-month high of 1.83 million metric tons.
2024-07-12 15:08 | Report Abuse
Genting reponded to Genting Singapore share price rebound today, let wait for double bottom forming. Double bottoms expected to be formed in early August. KLCI yesterday seems is a false breakout of range bound depending on today closing. If false break out yesterday confirmed, KLCI will be bearish until Olympic games finish
2024-07-11 17:16 | Report Abuse
Malaysian palm oil futures were below MYR 3,920 per tonne, falling for the sixth straight session as soybean oil on the CBoT market weakened amid favorable US crop conditions. Meanwhile, data from the industry regulator showed inventories in June climbed to a four-month high of 1.83 million metric tons. The Malaysian Palm Oil Board (MPOB) attributed the rise in stocks to a steeper fall in shipments compared to production. Exports of palm oil plunged 12.82% from May to 1.21 million tons last month while crude palm oil production dropped 5.23% to 1.62 million tons. Capping the bearish impulse was a further rise in crude oil prices due to signs of robust demand in the summer amid a large drawdown in US oil inventories. Elsewhere, the MPOB said demand from key buyers China and India will stay strong in the near term. Recent estimates showed India's palm oil buying may reach 850,000 metric tons in July ahead of upcoming festivals, after hitting a six-month peak of 788,000 tons in June.
2024-07-10 18:09 | Report Abuse
June 2024 export is higher than June 2023 at higher CPO price.
https://theedgemalaysia.com/node/718430
https://bepi.mpob.gov.my/index.php/stock/313-stocks-2024/1173-monthly-closing-stock-of-oil-palm-products-2024
2024-07-10 17:39 | Report Abuse
Malaysian palm oil futures plunged over 2% for the second straight session to below MYR 3,880 per tonne, pressured by weaker soyoil prices after the US Department of Agriculture increased the percentage of the soy crop in good-to-excellent conditions. The contracts slipped for the fifth session as inventories built, marked by the latest data from the Malaysian Palm Oil Board (MPOB) that showed Malaysia's palm oil stocks at the end of June rose 4.35% mom to 1.83 million metric tons. Meanwhile, shipments slumped 13% to 1.21 million tons last month, due to shipping issues. At the same time, crude oil prices fell for the fourth day, amid a bigger-than-estimated drop in US crude stocks. Mitigating the downside impulse were reports from industry regulators that output in June fell 5.2%. In top buyer India, palm oil purchases are expected to reach 850,000 metric tons in July after notching a 6-month peak of 788,000 tons in June as demand will stay strong ahead of upcoming festivals.
2024-07-09 11:57 | Report Abuse
a small 破底翻 still not formed successfully, as no news is bad news. Good news may only arrive in August
2024-07-05 17:24 | Report Abuse
Genting looks like playing a small 破底翻 today, let check any news these few days....
2024-07-05 15:31 | Report Abuse
Genting finally closing price gap @4.59-4.65.......Big fund pushing price down to buy.
2024-07-05 09:08 | Report Abuse
Foreign fund nett buying continue....28JUN+133M ; 1JUL+1M ; .2JUL +37M; 3JUL+259M.; 4JUL +86M.... Looks good, KLCI short term target 1630
2024-07-04 12:33 | Report Abuse
FCPO yesterday report: Malaysian palm oil futures hovered around MYR 4,060 per tonne, slipping for the first session in six and retreating from an over four-week top amid some profit-taking and weakness in soyoil prices on the CBoT market. Moreover, concerns over weak exports grew, particularly after cargo surveyors' data surveyor Intertek Testing Services and AmSpec Agri reported shipments of Malaysian palm oil products for June declined between 11.8% to 15.4% from the prior month. Capping the fall were reports that palm oil imports from top buyer India rose by 3% in June to notch the highest level in six months, due to robust demand from refiners for upcoming festivals and as the commodity traded at a discount to rival oils. Turning to top producer Indonesia, the government expects to implement its B40 palm oil biodiesel program by 2025. Meanwhile, crude oil prices rose modestly after moving lower in the previous day, supported by a bigger-than-expected draw in US stockpiles.
2024-07-04 10:55 | Report Abuse
2JUL Foreign fund nett buying 37M, 3JUL+259M. However foreign fund didn't buy Genting yesterday, they buy contructions, utilities, technology, O&G...... When is Genting turn?
2024-07-03 09:06 | Report Abuse
2JUL Foreign fund nett buying 37M, Escape wave in the making?
https://theedgemalaysia.com/node/716519
2024-07-02 08:51 | Report Abuse
Yesterday KLCI up is due to local institution fund purchase, can it sustain? Foreign fund nett buying 1JUL+1M only.
2024-07-01 18:57 | Report Abuse
Small east wind is blowing:
Malaysian palm oil futures surged almost 2% to above MYR 3,990 per tonne, continuing their upward momentum for the fourth session to hit a more than two-week peak amid firmer rival oils in the Dalian and the CBoT. Meanwhile, crude oil prices stayed at a near two-month top amid bets that peak summer fuel demand will cause a supply deficit. At the same time, bets of poor production persisted amid dry weather in Southeast Asia. In top producer Indonesia, the government expects to implement its B40 palm oil biodiesel program by 2025. Capping the bullish impulse were data from cargo surveyor Intertek Testing Services that showed shipments of Malaysian palm oil products for June dipped 11.8% to 1,306,689 tons from 1,481,916 tons shipped during May. In India, the largest global importer of vegetable oils, good rainfall may boost the output of summer-sown oilseeds such as soybeans and groundnut, limiting the requirement for palm oil purchases in the new marketing year starting from Nov., 1.
2024-07-01 11:17 | Report Abuse
Foreign fund is rescheduling portfolio for Q2 results, it seems. However nett selling is still dominant. Genting share price is highly depend on foreign funds. Foreign fund nett buying(+)/ selling (-): 20JUN-65M, 21JUN-176M, 24JUN-164M, 25JUN-76M, 26JUN+18M, 27JUN-266M, 28JUN+133M. We can compare foreign fund movement with Genting share price to check if any correlation.
(Foreign fund continue to nett sell 266M yesterday, turning point not yet seen. Genting range bound between 4.65-4.85 until a good/bad news which have material effect may break this range bound)
2024-07-01 10:35 | Report Abuse
Fcpo report: Malaysian palm oil futures climbed almost 1% to above MYR 3,920 per tonne, rising for the third session as rival oils in the Dalian and the CBoT strengthened. The contracts are heading for the first weekly gain in four, amid bets that production in the coming weeks could fall due to dry weather in Southeast Asia. At the same time, crude oil prices are pointing for the third straight rise for the week on the back of escalating geopolitical tensions in the Middle East and Eastern Europe. For the month and the quarter, futures are set to sink more than 3.5% and over 6%, respectively, pressured by weak exports. Cargo surveyor's data noted shipments of Malaysian palm oil products for June 1-25 plunged between 16.1 and 16.9% from the same period in May. In India, the largest global importer of vegetable oils, New Delhi approved limited imports of corn, crude sunflower oil, and refined rapeseed oil under the tariff-rate quota system, allowing importers to benefit from zero or reduced duties.
2024-06-28 15:59 | Report Abuse
Foreign fund continue to nett sell 266M yesterday, turning point not yet seen. Genting range bound between 4.65-4.85 until a good/bad news which have material effect may break this range bound
2024-06-27 09:20 | Report Abuse
Genting T+4, selling pressure should be resolved. Foreign Fund become mild nett buying since yesterday after 1 week of nett seller of bursa market....
2024-06-26 11:09 | Report Abuse
Ha, Genting drop below MAV20, 100 for fund to collect slowly.......
2024-06-25 11:15 | Report Abuse
Fund exit ytl and ytlpower is welcome to onboard Genting d' laggard
2024-06-25 11:13 | Report Abuse
Today T+2, as long as hold above and close above MAV20 and MAV100, no problem with slightly bullish as RSI hooked up above 50%.....
2024-06-24 11:29 | Report Abuse
FCPO report: Malaysian palm oil futures slipped around 1% to trade below MYR 3,920 per tonne, halting gains from the prior two sessions due to weak rival oils on the Dalian and the CBoT. The contracts are pointing to the first weekly drop in four, down around 0.7% so far, rattled by weak export figures. Shipments of Malaysian palm oil products for June 1-20 fell between 8.1% and 12.9% from May 1-20, according to AmSpec Agri and Intertek Testing Services. Meanwhile, industry data showed palm oil stocks stood at 1.75 million metric in May, the highest since February. Capping the fall were signs of higher domestic demand after Malaysia cut diesel subsidies, a move that could enhance the commercial use of biodiesel. In top buyer India, palm oil purchases in June were estimated at around 750,000 tons, not far from May's four-month peak of 769,000 tons. Separately, crude oil prices are on track to post gains for the second week due to lower US inventories and lingering conflict in the Middle East.
2024-06-24 10:58 | Report Abuse
Good sign, slowly pump up from testing MAV20 and MAV100 4.74-4.75. everyday 5c will do.
2024-06-23 20:09 | Report Abuse
Thailand Casino saga starts: PRIME Minister Srettha Thavisin used his first monthly television address as the country’s leader to promote plans for legalising casinos and building a nuclear power plant to curb illegal gambling and reduce electricity costs.
https://www.thestar.com.my/aseanplus/aseanplus-news/2024/06/23/thai-pm-touts-plans-for-casinos#:~:text=PRIME%20Minister%20Srettha%20Thavisin%20used,gambling%20and%20reduce%20electricity%20costs.
2024-06-21 19:04 | Report Abuse
Genting share price movement today technically not bullish because 4.85 resistance was not broken. Fortunately closing able to stay above MAV20 (4.74) and MAV100 (4.75), providing small hope that both supports hold for near term. Foreign fund seems not buying into Genting transformation performance and today boss goreng ended not successful......
Stock: [GENTING]: GENTING BHD
2024-08-16 15:12 | Report Abuse
https://www.malaymail.com/news/money/2024/08/16/us-regulator-files-complaint-against-genting-bhd-resorts-world-las-vegas-for-allowing-suspected-or-proven-criminals-to-gamble/147167#:~:text=The%20NGCB's%2031%2Dpage%20complaint,organised%20crime%E2%80%9D%2C%20according%20to%20a
US government want money?