boleh tahan la

https://www.klsescreener.com/v2/news/view/1175019/velesto-gets-rm60-6mil-drilling-rig-services-contract

fly ......

50 already

FGV in talks with partners in China to export 700,000 tonnes of sugar
TheEdge Thu, Nov 28, 2019 04:43pm - 15 hours ago


KUALA LUMPUR (Nov 28): FGV Holdings Bhd is currently in talks with partners in China to export of 700,000 metric tonnes (MT) of sugar, given the excess capacity brought about by MSM Holdings Bhd's new refinery in Johor.

FGV group chief executive officer Datuk Haris Fadzilah Hassan said the group is in "active discussions" with several parties around the world, and that discussions with parties in China are at an advanced stage.

He explained that the new refinery will increase MSM's capacity to 2.25 million MT per annum, exceeding Malaysia's demand level of 1.6 million MT per year.

"We need to export and so we are looking for a partner with the ability to export. Currently, only five countries in the world are open with regard to their sugar sector — Australia, New Zealand, Hong Kong, Singapore and UAE (United Arab Emirates). Other countries have some form of regulation in place in relation to their sugar industry.

"So we are talking to parties in markets where there is a gap between supply and demand. We are talking to partners in China for 700,000 MT of our capacity and once this is concluded, we will keep 300,000 MT for the local market," he told the press at the group's third quarter results briefing today.

Asked whether the discussions will be completed anytime soon, Haris Fadzilah said it will take some time given the size of the deal.

Extraordinary General Meeting FGV on 27-Nov-2019.

Akhirnya, sampai masa buat keputusan jual kpd SM?

KUALA LUMPUR/ JAKARTA: The rally in palm oil prices is set to accelerate as demand for the commodity’s use in biofuel increases at a time when output is falling, according to veteran industry analyst Dorab Mistry.

Benchmark futures could reach 2,700 ringgit a metric ton by March, Mistry, director at Godrej International, said in remarks prepared for delivery at an industry conference in Bali. That would be their highest level in more than two years, and would take the gain from the July low to about 40%.

"Sentiment is red hot, ” Mistry said. "With lower production, biodiesel usage has become the spark to ignite the rally.”

Malaysian futures, which set the tone for global prices of the most-used edible oil, capped their biggest monthly advance in four years in October as supply concerns, strong Chinese demand and expectations for a jump in consumption in biodiesel propelled the gauge into a bull market.


The "game changer, ” says Mistry, has been Indonesian President Joko Widodo’s support for B30, a program that requires biofuels to be made using 30% palm oil from 2020. Now, the market is in "a great hurry” and has begun the job of rationing supplies by means of higher prices, he said.

Slowing output in Indonesia, the top producer, will also tighten the market, Mistry said. Dry weather, fewer palm trees being planted in new areas, and a cutback in the use of fertilizers will result in production growth of just 1 million tons, he said. Output in Malaysia, the No. 2 grower, may drop by 1 million tons in the first half of next year, according to Mistry’s early estimate.

There’s little scope for buyers to switch from palm to rival soft oils as output of soyoil and sunflower oil will only rise slightly next year, Mistry said.

In Mistry’s other forecasts:

Malaysian stockpiles may total 2.5 million tons by December, down from 3.22 million tons a year earlier.There’s a big opportunity in China, where soybean crushing will drop.

It will import less rapeseed oil, and biodiesel demand is significant.India’s edible oil imports may rise to 16.3 million tons in 2019-20 from 15.6 million tons a year earlier.

Palm imports may increase to 9.9 million tons in 2019-20 from 9.5 million.Global supply of vegetable oils may rise by 3.5 million tons in 2019-20.

Palm oil supply may only increase by 2 million tons, compared with 3.5 million tons a year earlier.

NOTE: Forecasts are based on Brent crude at $60-$80/bbl; easy U.S. monetary policy, weaker world economic growth in 2020; some U.S. political turmoil; gradually weakening dollar; no major change in new International Maritime Organization’s regulations on fuel. - Bloomberg


Read more at https://www.thestar.com.my/business/business-news/2019/11/01/rally-in-palm-oil-039red-hot-039-analyst-says#AxWuC1bBYDC2e3jJ.99

TAK GERAK?

TP 0.40 this week

next week TP 0.50

agreed, ngs98.

buy X100

wait u 0.49

KWAP masih ada banyak sahamkah? tak habis-habis disposed

Company facing a lot of financial problems.