https://www.theedgemarkets.com/article/mpoc-malaysia-palm-oil-prices-seen-trading-above-rm6000-2022

'SKY'S THE LIMIT'

"Sky would be the limit for edible oil prices now. Buyers were banking on palm oil after sunoil supplies fell because of the Ukraine war," a Mumbai-based dealer at a global trading firm said.

"Now they (buyers) don't have any option as soyoil supplies are also limited."

Malaysian producers say the world's No. 2 palm oil exporter, which is facing a production shortfall due to a pandemic-induced labour shortage, is unlikely to be able to plug the gap.

https://www.thestar.com.my/business/business-news/2022/04/23/indonesia-bans-palm-oil-exports-as-global-food-inflation-spikes

Indonesia to ban palm oil exports to tackle domestic shortage

https://klse.i3investor.com/web/blog/detail/kianweiaritcles/2022-04-22-story-h1621579677-Indonesia_to_ban_palm_oil_exports_to_tackle_domestic_shortage

This is sensational news!

Thanks CCWong. Looking forward to the excellent financial performance

Johnzhang, thanks for the info. We must hold a while more the palm oil shares

Thank you, CC WONG!

Never give up on HiapTeck!

Thanks OTB! You are a good man!

PJSeow, I support your 8 reasons to keep supermax. Don't worry about the long essay. Much appreciated. Supermax is a very different company now compared to pre-pandemic times. It is ready to face all the competition and all the falling ASPs. Bring it on!

now 1.86/1.87

Trading near the day's high

It is going!

now 1.85/1.86

supermax up 25 sen

Koon Yew Yin's Blog
Hiap Teck’s big player depressing the price - Koon Yew Yin
Author: Koon Yew Yin | Publish date: Fri, 24 Sep 2021, 9:17 AM

KYY is also facing the same dilemma as us. The share should be performing but it is not!

We wait a few days and we will find out

RM 1.00 according to RHB

MYR1.00 FV based on SOP. We apply DCF valuation on Hiap Teck
Venture’s primary operations and FY23F (Jul) P/E on JV earnings to deemphasise
the current spike in steel prices on its valuation, and perceive
considerable upside potential even under our prudent parameters. The
group’s partnership with global steelmaking major, Beijing Jianlong Heavy
Industry Group (Jianlong Group), has proven to be a masterstroke, as the
35%-owned Eastern Steel (ESSB) JV’s sweeping turnaround into a pivotal
profit driver will serve as a key re-rating catalyst for the stock.

Steel should be doing well in the months ahead. Just have to wait a while.

OTB, thanks for your FACTUAL comments on the steel industry and in particular steel counters

Beltand, my website is the same as yours. Hopefully, LouisLim can share his website.

I also use

http://www.sunsirs.com/uk/prodetail-927.html

LouisLim, can you provide the website for steel which is up 4.5% today?

https://www.theedgemarkets.com/article/glove-asp-margin-likely-normalise-1q22-prices-will-remain-above-precovid19-levels-%E2%80%94

https://www.theedgemarkets.com/article/unusual-occurrence-no-spike-glove-orders-covid19-variant-drives-pandemic-resurgence-%E2%80%94

super man! what can we say but super! EPS of 36.93 sen! super!

At current levels, we should buy and there is a good chance for a profitable trade

pjseow Why IBs gave such a low PE to glove stocks despite 10 to 30 x YOY growth in earnings for the last 4 qtrs compared with pre pandemic 2019 ?

Thanks PJ for the analysis! Spot on!

myinvestor Supermax will be uptrend. Reasons:

Thanks myinvestor. Agree with reasons for uptrend.

Shorties have not been able to press it down below RM 3.04, the lowest for the year.

The uptrend for the share price is coming.

Boston, Dick 20…you mentioned price not dropping fast anymore….today or what? Past few months price yum ti yum ti dropped till now.

The 52 week low was RM 3.04. Now is RM 3.13/3.14. They are looking out for the June quarter results and the upsurge due to Delta.

If it is game over, then the share price would be RM 2.00 or RM 2.50.

So, it is not game over! The fight is still on and we will have to wait and see what happens.

Keep up your good work, PJSeow!

we just need to wait a while

It is holding steady at the low RM 3.00

That is why the share price is not dropping fast anymore

The shorties also know about this!

PJSeow, with a forecast EPS of 53.3 sen in 2023, we will make money!

PJSeow, thanks for the forecast. It is credible!

The projected manufacturing earning = 30 x 48 x 0.8 x 0.2 x4.2 = 968 m
THe projected Distribution Earning = 968 x 0.5 = 484 m ( 50 % of mfg earning )
Total earning = RM 1452

EPS = 1452/ 2720 = 53.3 sen
Based on PE of 15 , Value of Supermx = RM 8.00
Based on PE of 18 , value of Supermx = RM 9.59

So, it is all up to the funds. They want it up, it goes up. They want it down, it goes down

"A sudden dropped of 7c with 6 millions shares transacted 5 minutes before market closed"

They wanted the share price to close lower for the day. And they did it! That's how powerful these funds are!

Still good!

Post-pandemic, the demand for gloves will continue to undergo structural growth as a result of increased healthcare standards and hygiene awareness in both the medical and non-medical sectors.

As the demand for gloves eases, the ASP will decline on a gradual basis. The Group expects the results for the remaining quarters of 2021 to be satisfactory.

its highest-ever PBT of RM1.40 billion

Against this backdrop, KOSSAN has delivered its highest-ever PBT of RM1.40 billion, driven by the higher average selling price (ASP) and demand for the Group’s glove products. As we move into the 2nd half of 2021, with the on-going vaccinations and higher vaccination rates recorded in the developed and developing countries,Covid-19 cases categorised as severe has declined. As the demand for gloves eases, the ASP will decline on a gradual basis. The Group expects the results for the remaining quarters of 2021 to be satisfactory. Post-pandemic, the demand for gloves will continue to undergo structural growth as a result of increased healthcare standards and hygiene awareness in both the medical and non-medical sectors.

splendid results from kossan

Thanks to OTB for his sharing of knowledge

They continue to sapu at 54 sen

They sapu at 54 sen

just look at hiapteck going. now 54 sen up 5.5 sen!!!!

just look at hiapteck going. now 53 sen up 4.5 sen!!!!

RHB is correct to value Hiapteck at RM 1.00