don't be over sensitive over races,but it is true that current malaysian government have many defects, need improvement.similarly Chinese government in China too have many defects,especially in the pass years.We all knew these facts.

Oilseeds market

Oilseeds markets edge higher
The surprise drop in the US soybean yield projection, plus concerns over dryness in Brazil, allowed markets to edge higher, triggering fund buying in the process.
Although funds have almost doubled their long position as of October 19, an improvement in the Brazilian forecast bringing much needed rainfall has pulled soy markets off the recent highs.
Strength had also surfaced from strong export demand, especially from China, where local crush margins remain favourable for bean imports, put at 93.5m tonnes for the season, 1m tonnes above the current US Department of Agriculture projection.
Despite a weaker euro and Brussels citing crop EU planting issues, mainly in the north due to excess rains, MATIF rapeseed has only posted minimal gains, while talk of higher Canadian canola production has seen their market unchanged, but higher in the deferred positions.

Asian markets have been mixed, with beans and meal lower, but oil higher, following the recent surge in veg-oil prices. Malaysian palm oil is currently trading at a five-week high on strong demand.
The market will now focus on the upcoming November USDA crop report, and the soybean yield. US farmers have been pushing on with harvest, reported this week at 70% complete, as the forecast looks to bring cooler weather into the mid-west.

Reports that later planted beans are resulting in yields lower than expected may trim the crop further, and with the likelihood that higher Chinese imports could mean higher US exports, another tightening of the US 2017-18 balance sheet cannot be ruled out.

(some info for reference)
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Beijing has ditched a programme of guaranteed corn prices to curtail further growth in the state’s bloated inventories, while initiating measures to boost demand, including a planned roll-out nationwide by 2020 of E10 – that is, ethanol blended 10% into gasoline.
That implies a large increase in ethanol demand from current levels, with a US Department of Agriculture report overnight pegging Chinese fuel use of ethanol for 2017 at 3.55bn litres, equivalent to 2.2% of the 162.8bn litres of forecast gasoline consumption.
The report also pegged at 70% the proportion of bioethanol produced from corn, with cassava accounting for 25%, and molasses used to produce 5%.
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palmoil not included in the China B10 bioethanol program, however with improved disapperance in corn stock, then would seen less competation coming from corn-oil.

i speak marsian

lctt, if you prefer, for clearification sake,it can be put into this way:before-IPO (original)or after-IPO( enlarged), merely for simplification sake for those with low IQ, don't misunderstand.

we can interprete the q report this way,there is a original LCtitan and enlarged LCtitan, for original LCTT , this result is excellent, but for enlarged LCTT, the result CAN BE considered lack lustre, there is why we saw some light selling.But we must also understand, for the enlarged LCTT, the new plants have NOT YET IN OPERATION in indonesia, so need to hold on for sometimes , before we see the final take-off.

wise man said:real gold is not afraid of fire.

巨额的外债，是造成忧心忡忡的根本问题。国家领导层没意愿大刀阔斧的减轻压力，而继续增加会最终导致国家破产的隐忧。这也是外资不愿加大投资的原因。

investors OVER SENSITIVE to small negative factors, the point however is to overcome them.

with higher stock reported by MPOC,yet Cpo price still climbing upward, meaning demand is stronger then expected, by going forward 4th quarter, production would decline some what due to annual seasonal slowdown, Cpo price would go even higher,What a POSITIVE scenario for SOP.

Mistry Cuts Palm Oil Production Forecast, Sees Prices Climbing

Thursday, October 19, 2017 05:00 AM

By Anuradha Raghu


(Bloomberg) -- Palm oil production in the world’s top growers may not live up to estimates after all, according to industry veteran Dorab Mistry.

After boosting Malaysian output estimates this year to between 19.8 million and 20 million metric tons in September, Mistry on Wednesday cut his forecast for the world’s second-biggest grower to 19.1 million to 19.3 million tons. He trimmed his expectations for top producer Indonesia to 34 million to 34.5 million tons from 34.5 million to 35 million tons.

The revisions see world palm oil production rising by only 4.5 million tons this year compared with earlier projections of an almost 7 million ton increase. That may help prices extend this half’s rally as an expected recovery in yields from El Nino missed forecasts.

“Production has not matched our ideas," Mistry, Director at Godrej International Ltd., said in notes for a speech at a conference in Bogota. Output in most of Malaysia likely peaked in July this year and “in Indonesia also, the trees appear to be slowing down in their output in the second half of the year,” he said.

Data from the Malaysian Palm Oil Board show output soared 21 percent in July from June, before declining in August and September. August production in Indonesia increased 5.3 percent to 3.95 million tons, the highest since at least January 2016, and exports surged to the most in at least nine years.

Palm oil exports are "running well ahead of last year," as the tropical oil’s significant price discount to soyoil and sunoil helps stimulate demand and keep inventories in check, Mistry said.

Price Rally

The weak production recovery has led to a lower build-up in inventories and the industry will soon get confirmation that peak stockpiles in Malaysia will not exceed 2.3 million tons by January, Mistry said.

Next year “stocks will decline month after month all the way to July 2018 and we shall have a period of the tightest ever stocks in history,” said Mistry, who has traded vegetable oil for three decades.

Crude palm oil prices in Rotterdam will rise more than 10 percent from current levels to $800 a ton by January, and may climb further to $850 by March if there are no bumper oilseed crops from South America, Europe, as well as Ukraine and Russia.

Malaysia’s production may rise to 19.97 million tons in 2018, Mistry said. That would exceed the record 19.96 million tons reached in 2015. Indonesian output may climb to 36.5 million to 37 million tons.

In Mistry’s other forecasts:

* Chinese palm oil imports will remain strong after rapeseed oil was sold from reserves, funds may lift prices in the first quarter
* India’s 2017-18 edible oil imports seen rising to 15.9 million tons from 15.25 million tons a year earlier, compared with forecast of 15.5 million tons given in September
* World 2017-18 edible oi…

not many high-tech stock around in Bursa, mostly backyard industries,or building, trading ,or agri based companies. LCTT should shine and shaw its colors.

National budget soon , many issues need to be seen, wise to stay cool.

There is a need to understand Lotte has shifed their major focus out of China to South East Asia, and they are not here for play play only, as some unhappy invetors seemed to suggest.

THAAD-hit S. Korean retailers turn to Southeast Asia

SEOUL, Oct. 15 (Yonhap) -- South Korean retailers are accelerating their push to tap deeper into the Southeast Asian market after they suffered a serious setback in China in the face of Beijing's economic retaliation over Seoul's deployment of a U.S. anti-missile system, industry watchers said Sunday.

On Tuesday, Lotte Group, South Korea's fifth-largest conglomerate, opened an online shopping mall in Indonesia together with local conglomerate Salim Group.

The Korean firm said it set up a joint venture to combine Lotte's retail know-how with the local company's distribution channel to grab a chunk of the rapidly growing e-commerce market in the Southeast Asian country.

The announcement follows Lotte's decision to withdraw its discount store business from China.

Lotte was hit the hardest by the neighboring country's retaliatory measures among others, after signing a land-swap deal with the Seoul government last year to host the Terminal High Altitude Area Defense (THAAD) system.

According to Lotte, 87 out of 99, or 87.9 percent, of its hypermarket chain Lotte Mart stores in China have suspended operations as of Wednesday.

Lotte Mart said its sales in China plunged 64.7 percent on-year in the first eight months of this year to 410 billion won (US$362 million) from 1.16 trillion won tallied during the same period a year earlier.

Meanwhile, it currently operates 45 discount stores in Indonesia and plans to open one more in December.

Lotte is also making aggressive inroads into the Vietnamese market, building a 200,000 square meter shopping complex in Hanoi with an investment of 330 billion won. The construction is slated to be completed by 2020.

This image provided by Lotte Group, South Korea's fifth-largest conglomerate, on Oct. 9, 2017, shows an online shopping mall it launched in Indonesia in collaboration with a local conglomerate Salim Group. (Yonhap) This image provided by Lotte Group, South Korea's fifth-largest conglomerate, on Oct. 9, 2017, shows an online shopping mall it launched in Indonesia in collaboration with a local conglomerate Salim Group. (Yonhap)

Shinsegae, another major retailer here, is also at the forefront of making a foray into the Southeast Asian countries.

E-Mart, the country's No. 1 hypermarket chain under Shinsegae, recently signed a deal with a Thai company to sell off five of its six stores in China, effectively ending its 20-year presence in the world's No. 2 economy.

It is now preparing to open its second store in Vietnam, after launching the first in December 2015.

In late August, Shinsegae Group Vice Chairman Chung Yong-jin said there will be a "surprise announcement" regarding its overseas businesses in the first half of next year, adding the company is eyeing a number of Southeast Asian countries, including Vietnam, Cambodia and Laos, for its overseas push.

CJ Cheiljedang Corp., South Korea's leading processed foods maker, is also building a new production complex in Ho Chi Minh City with a 70 billion won investment.

The affiliate of the country's food and entertainment conglomerate CJ said it views Vietnam as the outpost for the expansion of its businesses in the Southeast Asian market.

"The retail industry in Southeast Asia is still very young, and in the case of Vietnam, more than half of the country's population are aged 35 or under as of last year, making it all the more attractive to begin overseas expansion," an industry source said.

you need to know whether there are bubble in stock market or in the stock prices ;meaning whether excessive overvaluation in stock existed ,if so you need to get out.every time there is a shake out, you see violent price movement , and uninformed speculators will be eliminated or wiped out completely.

Google Translate of the Korean article
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Lotte Chemical, which has been investing in facility investment, is expected to see earnings improvement as capacity expansion is completed in 2H11. The photo is the view of Lotte Chemical Yeosu Plant. Photo = Lotte Chemical provided.
[Daily] Strategy of Lotte Chemical [011170], which has been pursuing earnings improvement through aggressive capex, is expected to be effective.

According to the industry on December 12, Lotte Chemical's capacity additions are expected to be boosted as the capacity additions are completed one after another from the second half of this year.

In particular, some investors in the financial investment industry are forecasting that annual sales of 1 trillion won (based on the elimination of self-consumption and current prices) will increase due to facility expansion.
 
Yunseongno Daishin Securities Research Institute, "Lotte Chemical (LC) Titan naphtha cracker (NCC) facility, acrylic butadiene Stevenage (ABS) Acrylonitrile Lotte advanced materials facility, LC Titan polypropylene (PP) plant, Yeosu NCC facilities scheduled for 2018 annual revenue is expected to increase only about 1 trillion won expansion plans, "he said.

First seems naphtha cracker (NCC) facility to build a Malaysian corporation 'LC Titans' Lotte Chemical has he continued to produce ethylene volume of rush in after completing the mechanical completion in the second half of the year running annual approximately 9 10 000 3000t contribute to improved performance .

ABS amenities Lotte advanced materials to produce downstream products is also expected gotta have completed the second half of the year. If the facility has entered the operation, it is expected to have annual sales of about 130 billion won increase as the volume of production per year 6 10 000 5000t.

Following the first half of next year and it is expected that the second half as 200,000 t of scale LC Titan PP plant, ethylene production capacity of 200,000 t plant in Yeosu NCC scale of construction is completed each be noticeable effect of the expansion of Lotte Chemical.

On the other hand, Lotte Chemical is also considering investment in crackers in high-tech chemical-specialized complexes to be built at Taesan Complex in Seosan-si, Chungcheongnam-do.

Last month, Lotte Group Chemical BU of Lotte Group participated in 'Industry, Trade, and Petrochemical Industry Meeting' held at Lotte World Tower Sigil Hotel in Seoul last month. As for investment in specialized complex, I can think about it, "he said." It's a big picture yet. "

LCTITAN is clearly trending up, on the way to be super stock. right or wrong , who care!

why hope? it is an inevitable certainty;and in 2 years time will be RM10.00 .

KLK spends 40 millians to expand oleochemicals (palmOil synthesied chemicals) manufacturing business.If Sop too goes in to oleochemical,the share price will will double in no time.

like the old people said,:slow and steady win the race.

just take few days , and had the technical problems solved , Koreans chemists are world class, and had proved their ability.

Pchem is no match to lctt, in innovation, and attempt to break new ground, korean chemical technological know how ,is definately more advanced then local bumi.

today holiday for old traditional chinese people --mid autumn holiday

China is implementing B5% biodiesel policy, by 2020 that policy will cover the whole country, the estimated figure ,that will consume ,around 9 millians tonnes of cpo .of course that may include other materials ,like biomass, corn etc, as raw materials, but among all these ,palm oil is most competative .With increase demand the future for palm oil definate positive , and not negative as being depicted.

http://www.518bd.com/news/show-2234.html
https://gapki.id/potensi-pengembangan-biodiesel-di-china/

palm oil future can maintain above 2500 rm, it is bright ,not dim

up thrust jet engine has been started , SOP IS UNSTOPPABLE.

insas involves in too many unprofitable businesses, other then Inari.

must say thank you to those who sold cheap, without your panic ,people would not be able to acquire at such low price.what a pity.

these are minor technical issues,most probadly due to leaks.soon to be taken care off.

hightech petrochemicals manufacturing company used to experience many problems,technological, enviromental ,etc. need careful researches and studies to overcome problems,once problems are being overcome, share price will rocket sky high.

don't be silly , stock investment is about future prospect, if only zero or negative gain ,better run quick,quick,

DON'T BE SILLY .David Stockman is a liar, a doom wisher.

Once $4 billion naphtha cracker plant in Indonesia is completed , LCTT will be very competative,then you will see the superb value.

don't be silly , this is SUPER STOCK by next year.

digesting the newly issued esos-shares, once it is done , will climb new high.

now they see good value and good future prospect in palmoil plantation ,start to play game , wanted to take over from investors at fantastic low price.

LCTT saw is building up the strong base at 5.29/530 level, in the midst of talks about foreign funds making liquidation of stocks in general.

that can weather water and fire, this is a great stock, from fenhshui perspective.

Are OPEC’s Hands Tied?

By Irina Slav - Sep 24, 2017, 10:00 AM CDT
OPEC
Brent is back above US$55 for the first time since February and WTI is hovering above US$50. The world should look like a better place for OPEC members and their partners who had to cut the economic equivalent of live flesh to make it happen. Yes, the latest global oil supply data has confirmed that the OPEC/non-OPEC Vienna Club has achieved its goal of cutting oil supply to more manageable levels. Yes, OPEC’s output has fallen markedly. But no, this won’t last long.

The IEA’s latest Oil Market Report found that global crude oil supplies had fallen by 720,000 bpd in August, not just as a result of deliberate cuts, but also thanks to outages and field maintenance—mostly in non-OPEC producers. The agency also noted oil production in OPEC fell in August for the first time since March, while compliance with the cut deal improved to 82 percent, making the overall for the year-to-date adherence 86 percent.

The Vienna Group’s compliance monitoring committee is meeting today to discuss the progress, and the oil ministers will probably have reason to pat each other on the back. They did it: oil supplies are down and prices are up. But that’s just for now, and on this point, analysts seem to be unanimous. Higher summer demand in the northern hemisphere had a part to play in the oil supply decline, and that part was no small one. Production outages, most notably in Libya, also helped to drive global supply down.

Now summer season is over and demand will start falling. While the situation in Libya remains unstable and no accurate predictions can be made about further disruptions in oil production there, U.S. shale producers may start adding rigs once again, after a month or so of slowing. Other non-OPEC producers, for example in the North Sea, are also eyeing higher production going forward, which, according to the IEA, is bad news for OPEC and its partners as this higher output will exceed the demand growth rate next year.

who care,any bias or unbias ,individual feeling is worthless , not interested.

to compare with UNITED MALACCA, let look at the total landbank and planted hectares.

UM total lankbank= 49,226 hectares,planted 32k , unplanted 15k,
SOP total landbank 120k ,planted hectares=87,744 hectares unplanted =30k

UM FFB monthly production =26,045 tonnes
SOP FFB monthly production =123,012 tonnes

and you can go with the rest, and you see the difference

as they said it wouldn't go much higher ! is this a problem
https://finance.yahoo.com/quote/CL=F?p=CL

this is a chemical technology stock, if you have knowledge and confidence in Korean chemical technology , and their capability of solving problems encounter the industry ,then you invest,if not, better stay sideline. I , for one think Korean chemistry and engineering technology standard, are reasonable advanced.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5550057

maybk projecst tp=4.90. luckpunting suggested figure. =6 rm and i believe the figure 6rm is realistic, provided kcpo price can maintain at or above 2700rm for long extended period of time, and thus the net annual profit can attain 300millians or above ..

Petrochemical plant, just see smoke and NO EXPLOSION, then can consider minor event, not serious.

rubbish talk

Harricane in Texas caused some disruption in crude oil supply,and related products,and it could take a month or two to get normalized.

choobee final has to adjust upward,to meet NTA at least