I also wonder why keep on dropping something not right would DSAI will do another LGE by increasing the tax despite long term prospect intact but seems odd to drop almost every single day by 10 cen lately .
the new tourism is same like Nazri no bs guy ... so i would say Genting in the safe hand .. i think today is a knee jerk reaction would surely will go in if goes low more ... was watching on sidelined for genting for a long time now all in ... buy for Q4 2023 till 2024 .. long term .
KUALA LUMPUR (Nov 24): United Plantations Bhd ranked second and Sime Darby Plantation Bhd has climbed to the seventh spot out of 100 assessed palm oil producers globally in November, according to 2022 SPOTT ranking of palm oil producers.
United Plantations scored a high 92.6% based on SPOTT’s November 2022 assessment, an increase of 6.4% from the 86.2% score in last year’s assessment.
A breakdown in the SPOTT assessment on United Plantations showed an above 80% score in three categories: organisation (96.1%), policy (98.7%) and practice (84.2%). United Plantations also scored 100% in its High Conservation Value, High Carbon Stocks and Impact Assessments category.
staysideline for now even PH come up its not certain they will survice ..preserve capital ... i would expect PH will only manage to come if DAP agree to sit out from goverment ..sorry adding politics but relevent for sins related to stock
Dividend will be reduced for a long time ...it’s obvious they cannot manage the cost and blame inflation ..... their operational cost management is very bad... Old lady should start to manage their cost and introduce innovative product for now better buy Carlsberg or HEIM … Will not touch for now ….
yes waiting to collect more for the main course ...if they can sustain these profit at this level despite higher expenses right from labour , fertilizer , runtuh tax ... wait for the t tanah rata contribution in future ... long term propect is intact ...
“This is just one step in the southward journey in palm oil,” Mistry said. Prices will not reach a bottom until there’s a ceasefire in Ukraine and walled-up supplies of products like sunflower oil, wheat and corn come onto the market, he said, adding prices could slump to RM2,500-3,000 when the war ends.
Other comments from Mistry:
Stockpiles in Malaysia may rise to over two million tonnes by end-August, before climbing as high as 3 million tonnes by December or January. Demand has been “destroyed by extremely high prices”. Demand will also be hurt as the world enters a “shallow recession”. Indian import growth may be flat as additional incentives for imports are unlikely. China’s demand will also be flat as the No. 2 importer faces a slowdown in economic growth. ---------------------------------------------------------------------------- UTDPLT hedge more than 80% more than 3500 ? thats why can sleap well with this stock unlike others