https://www.indonesia-investments.com/finance/financial-columns/indonesian-government-to-offer-usd-475-subsidy-to-encourage-electric-motorcycle-sales/item9598

agree

Anyone attended the AGM today?

Well said Beginner 777

Keep it.. dont be impatient. I sold my glove counters because tge prices did not move after record profits in August 2020.. only to see them fly in Nov 2020

IB is no longer relevant today. Information is readily available, investors getting very smart. Wonder what value have IB in today’s market.

Not only Msian palm oil, due to Covid China’s overall import of soy has reduced.
However, with Shanghai now open from June 1, more businesses will start to open. Bear in mind mid Autumm festival another peak period for cooking oil consumption in China.

The discount of Palm oil and Soybean oil is at one of the highest. Palm oil will rebound soon.
https://mpoc.org.my/daily-palm-oil-price/

I would take the report as a clear buy signal.

May I ask if there could be a bad quarterly results coming up?

over long weekend... anything can happen.

can start to collect already.. next Monday Wesak holiday. Anything can happen:
https://indianexpress.com/article/world/russia-ukraine-war-live-updates-putin-zelenskyy-nato-7914690/

PublicInvest

Latest Post: Thu, 12 May 2022, 09:59 AM

After taking almost 4 months, TSH has finally concluded the proposed land disposal measuring 13,214.9ha located in North Kalimantan, Indonesia for a total disposal consideration of RP2,428.8bn (RM711.6m). The deal values the plantation land at an indicative EV of RM53,848/ha, which is deemed to be fair, in our view. Nearly 77% of the proceeds would be used to pare down its total borrowings of RM1.1bn. The Group is expected to record a one-off gain of RM400.3m, which is expected to be recognized by 1QFY23. Maintain Outperform call with an unchanged TP of RM1.81 based on 15x FY23 EPS.

To recap. On 10 Dec 2021 (refer to our report dated on 13th Dec 2021), TSH announced that its 90%-owned subsidiary had entered into a heads of agreement with PT Kawasan Industri Kalimantan Indonesia and PT Kalimantan Industrial Park Indonesia in relations to the proposed disposal of 7 plots of oil palm plantation land located North Kalimantan, totalling 13,214.9ha together with the uncertified land adjoining the plantation measuring 683.36ha for a total disposal consideration of RM711.6m. The proposed land sale, which are held under Hak Guna Usaha (Right to Cultivate) and Hak Guna Bangunan (right to build) have a total planted area of 3,818.8ha. It contributed FFB production of 74,244 mt in 2020, making up 9% of its total FFB production.
Handsome gain in the bag. Back in Aug 2011, the original cost of investment was only RM181k. Stripping out the net book value of RM271m, as well as plasma settlement (RM20.5m) and estimated expenses for the proposed disposal (RM19.6m), the Group is expected to record a one-off gain of RM400.3m or 29sen per share and it is expected to be completed by the first quarter of 2023. Interestingly, the disposal consideration of RM711.6m represents a premium of 140.7% to the market value ascribed by the Valuer and it represents a premium of approximately RM440.5m or 162.4% to the audited NBV of the sale land of RM271.1m. However, the proposed disposal is regarded as a related party transaction and it is subject to the shareholders’ approval.
To improve gearing levels. It our view, the proposed land disposal was timely in anticipation of the multiple global rate hikes amid high CPO price cycle. The expected proceeds of RM711.6m will bring down the Group’s net gearing from 0.45x to about 0.15x. About RM550m or 77% of the proceeds will be used to pare down its RM1.1bn borrowings. RM45m or 6.3% of the total proceeds will be used for undertaking new planting and replanting of 3,500ha of oil palm estates in Sumatera and Kalimantan over 2023-2024.

Ya.. the same old story lah... open slightly higher for 30 mins, the slide down.. after lunch further slide...
then close lower again...
same old exercise down to a targetted level everyday lah...

If we have not sold at 1.7, 1.6, 1.5, 1.4, we should not sell now...
Total scripts transacted between 1.89 till today is only a very small percentage of the NOSH.
The serious collectors are absorbing every additional script. Eventually, you will see the day to day volume reduce in the weeks to come.... and there wont be sellers anymore...
It always happen to good shares...TSH is slowly moving towards the same direction as it starts to attract long term investors. Perhaps a bonus issue is on the way. Last bonus issue was 2014.
For a company with PE 11 as of now, shld be lower when results come out( I hope),

Buyers are waiting for their May shipments..

More and more small holders in Indonesia are getting very restless. They are unable to harvest further as the mills will not take in any more ffb. The pressure is mounting.

That's right

So far, if you listen to Calvin based on a longer term fundamental based decision, there shouldnt be any worries. We cannot deny Calvin’s sharing is based on facts.
Calvin has been there way before the plam oil stocks moved, earlier high and still here… at this very oversold level.
You deserve a due respect,Calvin.

EXCLUSIVE-Malaysia may cut palm oil export tax amid global supply crisis - Reuters News
10-May-2022 02:46:16 PM

KUALA LUMPUR, May 10 (Reuters) - Malaysia is considering cutting its export tax on palm oil and plans to slow implementation of its biodiesel mandate to help meet global demand amid an edible oil shortage, its commodities minister told Reuters on Tuesday.

Plantation Industries and Commodities Minister Zuraida Kamaruddin said in an interview her ministry has already proposed the cut to the finance ministry, which has set up a committee to look into the details.

Malaysia, the world's second-largest palm oil producer, could cut the tax to 4%-6% from the current 8%, she said.

The cut would likely be temporary and a decision could be made as early as June, Zuraida said.

EXCLUSIVE-Malaysia may cut palm oil export tax amid global supply crisis - Reuters News
10-May-2022 02:46:16 PM

KUALA LUMPUR, May 10 (Reuters) - Malaysia is considering cutting its export tax on palm oil and plans to slow implementation of its biodiesel mandate to help meet global demand amid an edible oil shortage, its commodities minister told Reuters on Tuesday.

Plantation Industries and Commodities Minister Zuraida Kamaruddin said in an interview her ministry has already proposed the cut to the finance ministry, which has set up a committee to look into the details.

Malaysia, the world's second-largest palm oil producer, could cut the tax to 4%-6% from the current 8%, she said.

The cut would likely be temporary and a decision could be made as early as June, Zuraida said.

EXCLUSIVE-Malaysia may cut palm oil export tax amid global supply crisis - Reuters News
10-May-2022 02:46:16 PM

KUALA LUMPUR, May 10 (Reuters) - Malaysia is considering cutting its export tax on palm oil and plans to slow implementation of its biodiesel mandate to help meet global demand amid an edible oil shortage, its commodities minister told Reuters on Tuesday.

Plantation Industries and Commodities Minister Zuraida Kamaruddin said in an interview her ministry has already proposed the cut to the finance ministry, which has set up a committee to look into the details.

Malaysia, the world's second-largest palm oil producer, could cut the tax to 4%-6% from the current 8%, she said.

The cut would likely be temporary and a decision could be made as early as June, Zuraida said.

https://www.google.com/amp/s/www.malaymail.com/amp/news/money/2022/04/24/thousands-of-farmers-stage-anti-tax-protest-in-argentine-capital/2055322

https://www.hellenicshippingnews.com/latam-soybean-oil-prices-skyrocket-above-historical-1900-mt/

https://www.scmp.com/business/china-business/article/3175770/coronavirus-shanghai-officials-eye-reopening-manufacturing

https://www.theedgemarkets.com/article/palm-oil-soars-indonesia-ban-risk-global-food-inflation

https://www.theedgemarkets.com/article/palm-oil-soars-indonesia-ban-risk-global-food-inflation

Yes you are right

They will want to shipments to continue ASAP as well.. my two cents

Current Indonesian cabinet ministers are highly qualified with Ibu Yuliani ( Finance Minister) served as a director in World bank previously. CPO will contribute more than USD70 billion this year to the Indon exconomy at current prices.

Its a good time to buy in....many contracts are sold for delivery in forward months anyway...I am doubting it affect the profitability much...

This is an extreme measure and it is necessary to stabilise the Indonesian economy. With this ban, excess crude is flooded domestically, with no storage tank. FFB will rot. Many excesses will flow into local market ....
Jokowi said, once the quantities are available in the domestic market, he will reopen for exports.

Its dated 22/4/2022.

Indon has scrapped the export ban
https://www.hellenicshippingnews.com/palm-oil-demand-seen-jumping-as-discount-over-rivals-widens/

This could be due to the earlier Indian trade mission plea early April visit to Jakarta for more supply.

The 20% mandatory domestic sale in Indon has been scrapped.
https://www.hellenicshippingnews.com/palm-oil-demand-seen-jumping-as-discount-over-rivals-widens/

Good and logical

https://www.thestar.com.my/aseanplus/aseanplus-news/2022/03/14/jokowis-nusantara-dream-a-step-closer-to-reality

https://www.scmp.com/business/china-business/article/3174975/coronavirus-shanghais-new-covid-19-cases-fall-15-day-low

I only trust Public Bank calls. Very very strict criteria. They dont simply let anyone make a statement. All verified by higher authority. Thats why their PB unit trust are so well managed.

https://www.hellenicshippingnews.com/palm-rises-to-one-month-high-as-argentina-strike-raises-supply-worries/

High of 1.87 now.. consolidating for next push

https://www.theedgemarkets.com/article/food-producers-reversing-palm-oil-ban-amid-shortage-sunflower-oil

https://www.reuters.com/business/russia-ban-sunflower-seed-exports-impose-quota-sunoil-2022-03-31/

.. btw, how many acres of palm oil estates, or mill does Dorab run?

https://www.google.com/amp/s/www.indiatoday.in/amp/diu/story/russia-ukraine-war-news-crude-oil-india-sunflower-oil-imports-ukraine-1917797-2022-02-25

https://www.google.com/amp/s/www.indiatoday.in/amp/diu/story/russia-ukraine-war-news-crude-oil-india-sunflower-oil-imports-ukraine-1917797-2022-02-25

Selling of assets pare down borrowings, share buy backs… looks like its going for a bonus issue this year

https://www.deccanherald.com/business/business-news/russia-ukraine-conflict-could-hurt-sunflower-oil-imports-1084168.html

https://www.nationmaster.com/nmx/ranking/sunflower-oil-production