@Agil , no lah, i just joking , sorry for being mischievous on my part, actually no harm done to me , please continue as you enjoy , and sharing good information with us all .thousand tks.

no need to be keep on reciting the same script. quarterly reports would do the work better.

do some averaging, this strategy move would be fine

老王卖瓜，自赞自夸。

https://klse.i3investor.com/blogs/bfm_podcast/2019-12-24-story-h1481914755-A_Year_in_Review_Palm_Oil.jsp

SOP's earning performance was unstable in last five years,largely due to CPO selling price fluctuation,the price trend was from a high of 2900 and drop to a low of 1800, a product break- even or negative level.There were many reasons contributed to this phenomena.One of them was over production in Indonesia, building a glut of palm oil supply.To remove the glut,Indonesia introduced ,and mandated effect 2020January,to put into effect B30 biodiessel (30%palmoil content)program to be used in vehicles of the country.Further to this B40,B50 are on the testing pipe line, waiting to be enforsed.Malaysia will also introduce B20 biodiessel program.Industry sources ,estimated 10 million ton of oil would be used in this program.Thus the oil glut situation is now effectively reduced, or removed, CPO selling price is now finally back to normal.

gooshen is just a novice, pretending to be season trader.

@bizzybone , did i denied Max2838 the right to express his opinion? the answer is no, But since he give many reasons to substantiate his arguments.It is ok and nothing wrong when i pointed out the weak logic behind them. We should encourage more debate in this forum, that is what a forum exists for this purpose;so that investors can have more info and better understanding for their decision making , after all, i could be wrong also.

the fact is ,bull and bear always argue and speculate, with buying and selling ;otherwise there would be no trading,just flat out.

talking about expand comsumers market, max 2838 thinks only about China and some asian countries, but he forgets Eastern european countries who are getting more wellof ,are also expanding consumers market for chocs.

max 2838 is view is full of bias and flaws. palm oil planting is africa experienced difficulty , does not means buying cocoa to grind ,will be in same dilemma, after all the nature of the business differ greatly, processing cocoa, need not going to buy large acreage of land for palm oil plantations, and hire large number of african native workers, who are difficult to control and manage,.GCB is not newcomer in the cocoa industry, but a experienced player for decades.with good established relation and supply its products to these branded multi national companies. and Max 2838 talks about "Japan's Royce can make better chocs than Germany or Spain", is very bias. Different countries have different taste preference.One man meat is another man's poison. we must not too quick to jump into conclusion.

gentp .KLK , reacted more favourably.

low quality assessment,utterly lack of depth.

https://www.theedgemarkets.com/article/b20-biodiesel-transport-sector-be-launched-phases-next-year-%E2%80%94-teresa-kok
PUTRAJAYA (Dec 20): The B20 biodiesel programme for the transport sector is expected to be launched in phases next year, that would give a fillip to the crude palm oil (CPO) price which is projected to reach RM3,000 per tonne.

Primary Industries Minister Teresa Kok Suh Sim said the programme would start in Langkawi, followed by Labuan, Sarawak, Sabah and subsequently in Peninsular Malaysia.

"A preliminary study and engineering design for the upgrading of the blending depot has also been approved with an allocation of RM35 million. This will involve 35 depots and are expected to be ready in the first quarter of next year," she told reporters after the Ministry of Primary Industries’ gathering here, today.

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Kok said the launching ceremony for the programme would be officiated by the Prime Minister Tun Dr Mahathir Mohamad on Feb 20 next year.

She said the CPO price, which is now approaching RM2,800 per tonne, was expected to continue rising next year based on the positive trend, whereby the price was around RM1,700 per tonne in 2018 compared to now, as well as the high demand following the B20 implementation and the government's efforts to explore new markets to boost exports.

The increase in the CPO price would not only benefit the country's economy but also the industry especially smallholders, she said.

"The Christmas and Chinese New Year (celebrations) would see many countries importing palm oil from us and the implementation of the B20 programme would boost demand. If stock is low, price would go up,” she said.

Meanwhile, Kok said she would make a visit to Europe early next year to meet the commissioner and new parliament members of the European Union (EU) to present Malaysia's efforts and success in promoting sustainable oil palm industry.

"We want to present to them what Malaysia has done in the last two years. Europe wants sustainable palm oil and we are doing it, even the smallholders when the government helps them to get the Malaysian Sustainable Palm Oil (MSPO) certification. Our oil palm industry players replant forest trees and contributed to forest conservation," she said.

Highlighting one of Malaysia's efforts, Kok said the additional RM1 cess per tonne of palm oil produced would be collected and parked into a fund for green initiatives, which will be utilised for wildlife conservation purposes and green initiatives, especially replanting of forest trees.

She hoped the EU will accept and recognised Malaysia's green agenda and MSPO, thus import the commodity more as well as stop throwing accusations against palm oil.

On the MSPO certification, Kok said the target of 100% by Dec 31 was not achieved as the challenge was with the smallholders, however, they are now more aware of the need for the certification as well have shown interest following the promotion by the media.

She said industry players’ awareness on the certification had increased whereby 62.14% of the 5.85 million hectares of oil palm planted areas in Malaysia had achieved MSPO certification as at Dec 19 compared with only 17% when she headed the ministry.

Kok said she was confident that the target of 70% of the oil palm planted areas in Malaysia to be MSPO-certified could be achieved by February 2020.

some ppl go for short term profit taking , some go for longer term ,aimed for investment purpose,to each according to his prefered strategy, no a question of right or wrong.

https://klse.i3investor.com/blogs/kianweiaritcles/2019-12-19-story-h1481232414-Inari_falls_almost_8_on_news_of_US_chipmaker_selling_off_unit.jsp

this has something to do with extraction rate, sometime planters harvest too early,while fruits not in full ripeness. or sometime due to logistic problem , certain amount FFB from respective estates, were sold to nearby mills which belong to other people.

my quesstimate for 2019 fourth quarter profit to reach 50-60 million range, 0% export tax,0% windfall profit tax, just a reasonable figure.In the 2017 final quarter ,when cpo price was high, but the production was about 15% lower, SOP still can managed 60 million profit.

the winfall tax proceed ,should be used only on subsidising the "biodiesel" program,and its research and developement

patience is the key

吉隆坡12月13日消息:周五马来西亚棕榈油局（MPOB）发布的海关文件显示，马来西亚上调了2020年1月份的毛棕榈油出口税，这也是一年半来首次上调。

2018年8月份马来西亚对棕榈油征收4.5%的出口税，自那之后就一直是零出口税。2019年5月到12月份期间，马来西亚对毛棕榈油免征出口税，以提振棕榈油出口。

马来西亚将2020年1月份的棕榈油参考价格定为每吨2571.16令吉，相当于616.59美元/吨。

贸易商称，印尼可能跟随马来西亚，也对棕榈油征收类似的出口税。

孟买的Sunvin集团研究主管称，现在市场在急切期待着印尼做出出口税决定，这也将有助于了解印尼30%生物柴油强制掺混的实施情况。。

交易商说，马来西亚将会出口更多精炼棕榈油，因为现在毛棕榈油有5%的出口税。

nothing will happen. just a hoax,for coming forth election.

ccp is the biggest crime organization

don't be silly, not so fast ,B30,B40,B50 are on the way , make the sky sunnier.

印尼计划在2021-2022年间生产B40生物柴油
2019-12-10

印尼负责能源监管的协调部长Luhut Pandjaitan周二表示，印尼正在考虑在2021-2022年间实施生物柴油项目，生物柴油含量为40%（B40）。
https://www.oilcn.com/uploads/baseimg/20191210/2abe7109f824610dd969be79ae4adc3e.jpg
20191210/2abe7109f824610dd969be79ae4adc3e.jpg

印尼将在明年1月开始使用含量为30%的生物柴油。

Luhut Pandjaitan告诉记者，政府计划明年开始使用B40进行道路测试。

他说，如果政府的棕榈再植计划停滞不前，该计划不会将生物柴油含量提高到50%以上。

funny, these so called analysist did not talk about B30, B50,in fact ,if B50 implemented , the cpo price will be high in long run.

yes, cpo starts with a jump, touched 2900 and slightly retraces a little bit.

Gooshit is a notorious freaks , kindly ignore him.

expanding growth company,need to hold .

11月马来西亚棕榈油库存料萎缩8.5%，创2年新低
2019-12-07

（吉隆坡6日讯）鉴于棕榈油产量骤减至5个月新低，马来西亚11月棕榈油库存预计将按月萎缩8.5%，至215万吨，写下过去2年新低水平。

根据彭博社对14位分析员、交易商和棕榈油种植业者进行的调查，市场人士预估，马来西亚11月的棕榈油库存预计将按月滑落8.5%，至215万吨，写下2017年9月以来新低纪录。

而且，这也是自今年5月以来最大单月跌幅，相比去年同期滑落了近30%。上述调查显示，11月棕榈油库存预计将比上个月下跌11%，至161万吨，是6月以来新低水平；出口料萎缩4.9%，至156万吨，10月为成长16%。

马来西亚棕榈油局（MPOB）将会在下周二（10日）公布11月棕榈油数据。

棕榈油研究网（Palm Oil Analytics）创建人瓦伽对彭博社表示，由于天气恶劣，再加上去年减少施肥，今年的棕榈油全年产量预计将低于最佳产量水平。过往11月棕榈油产量平均维持在175吨。

根据市场调查，11月棕榈油库存预计介于207万吨至230万吨；棕榈油产量预测料介于153万吨至176万吨；而出口预测则介于148万吨至165万吨。

另外，11月棕榈油进口预计将从10月的8万5034吨，滑落至8万吨；而本地使用量料介于28万吨至32万吨。

Okachi马来西亚私人有限公司销售经理卡特雷拉称，交易商已经将2020年上半年产出成长料将放缓的因素考虑在内，同时将继续关注出口需求，以及印尼和我国逐步落实的生物柴油机制。

他接著说，假设B20和B30生物柴油的落实推高本地棕榈油使用量，这将进一步降低棕榈油库存至2016水平。

棕榈油价格在过去数周逐步上涨，这或导致马来西亚卖给印度的棕榈油从12月开始减少，料将维持3个月。大豆油和棕榈油的价差大幅缩小，将促使印度转向其他国家购买食用油。

this type of stock should go for long term,tremendous growth

Feb cpo wants to test 2900 rm , currently 2860 rm.

feb cpo price breaks 2800 rm. some said Indonesia currently experiencing very hot and dry weather,

马来西亚棕榈油产量短期难恢复

今年马来西亚和印度尼西亚棕榈油产区天气一直偏干，棕榈油产量一直未有显著增长。过去几个月印度尼西亚出现烟霾等恶劣天气，棕榈树生长受到影响。目前临近雨季，马来西亚棕榈油产量短期难以恢复。SPPOMA公布的数据显示，11月马来西亚棕榈油产量较10月降低14.26%，单产降幅达到16.37%。

在产量降低的同时，马来西亚棕榈油的出口相对良好。船运机构ITS数据显示，马来西亚11月棕榈油出口1414884吨，仅较10月份的1456624吨减少2.9%。而为了继续刺激出口，印度尼西亚政府表示12月份将继续免征棕榈油的出口关税。这都有利于继续支持国际棕榈油价格。

棕榈油进口成本继续走高

由于马来西亚和印度尼西亚棕榈油产量恢复缓慢，且出口数据良好，棕榈油价格持续走高。目前马来西亚棕榈油离岸价格处于655美元/吨，到我国港口约为682美元/吨，折合约5830元/吨，较10月初上涨超过1000元/吨，为近两年高位。棕榈油进口成本居高不下，国内棕榈油价格受到明显支撑。

国内库存增长利空有限

过去几个月国内植物油价格走高，植物油厂商收益较大，并且后续存在元旦、春节等节日需求，近几个月国内棕榈油进口到港增加，港口棕榈油库存出现增长。目前，国内港口食用棕榈油库存在71万吨左右，较上月同期的54万吨增加17万吨，增幅约31.48%，较去年同期的42万吨增加29万吨，增幅为69.05%。虽然棕榈油库存有所增加，但国内豆油、菜油等植物油库存下降较多，令棕榈油的库存压力明显变弱，因而棕榈油的库存增长并未对其价格造成实质压制。

综上所述，随着马来西亚和印度尼西亚进入棕榈油季节性雨季，棕榈油减产短期难以改观，且进口成本不断高企，未来存在国内元旦、春节等假期，食用油的消费将逐渐旺盛，各地食品厂商和餐饮企业对植物油的采购补货，必然会继续支持国内棕榈油价格。因而，短期来看，国内棕榈油价格仍将处于偏强势的状态。

i hope i can get at 4.20,but never come . no choice but to buy higher.

peoplej just hate liars, nothing wrong ,;gooshit is just happened to be a shameless liar.无知草包，扮砖家

无知草包，扮砖家

gooshit mental disorder is getting worst, and terminally incurable, high time to send him to mad house.

he is just a demon in semi -human form, a very digusting liar.

people hate liars, gooshit is a notorious liar, who needs to hate him.

Reuters reported that the implementation of Indonesia’s B30 biodiesel plan would reduce the country’s fossil fuel consumption by 165,000 barrels per day. A government official said that the 9.6mil KL (8.4mil tonnes) of fatty acid methyl ester to be used in B30 in year 2020F is equivalent to 165,000 barrels per day. Also, the government will start preparing research for B30 after officially launching B30 in January 2020.

https://klse.i3investor.com/blogs/AmInvestResearch/242478.jsp

gooshit's demonic and sickening jeolousy is laughable, but rather unusual,the phase of sickness should land him into mad house,

per q --25m ,not good enough, 40-50m quite satisfactory, 25x4=100monly ;;while 40 x4=160m,50x4=200m, per annum , can give 10% dividen, and bonus.. and the share capital is only 570m.

gooshen demon only wants to see people confused , misled, nervious ,suffering in uncertain conditions, by doing so, you could make wrong decision.
there is why you need to exorcise the demon.

there is need to exorcise this gooshit demon， and you would make good money.

gooshit is just playing with empty words , or be more accurate ,he is lying , he knows nothing.just a despicable liar.

china experienced severe "swine fever"nation wide;so pigs were slaughtered, so little supply of pig animal oil , they would import more palm oil to make up the gap.

yes ,that's more realistic.----so we have 52m(total supply) -9m(b30) -6m(indonesia food consumption) -15m (India total consumption)=22m for the rest of the world.;the glut of oil is very much reduced.cpo price of 2600-2700 is quite ok .

unfortunately i only reach https://gapki.id/ page and infomation is not complete,you estimate could be on the high side,

@up_down , please get your data accurate, indonesia production forecast to be 45million ton,not 54 million as you mentioned, B30 would take up according to estimate would be 8 to 9 million tonnes, currently program of B20 consumed 5-6 million tonnes.