PBbank price is not spared from dropping in this bearish environment. Anyone care to share the investing strategy on this counter?

Anyone has the good knowledge of its fundamental and what's the good value buy entry point?

What's next? Is there any change fundamentally of JT?

RM1.82 now, low enough?

JTIASA: Potential reversal to upside( by HLIB Research 10 Nov)

Share prices are expected to climb higher in near-term as:
(1) a positive divergence indicates weakness in the downtrend momentum and selling pressures are exhausted;
(2) subsequently, the “Morning Doji Star” pattern on weekly chart suggested a resumption of the reversal of the downtrend; and
(3) reading from all weekly oscillators showed that share price is bottoming up!

Further upside targets are at RM2.15 and RM2.27, with a long term objective of RM2.37. Conversely, supports are at RM2.00 and RM1.97. Cut loss at RM1.93.

Do you share?

Destini or Destini-WA?

Seem to see good support @ rm2.00!!

The prices keep heading south, is the fundamental of the company still intact? Any one care to share?

Fell below rm2.00 level this morning. Will it decline further?

It's 0.60 now. What's yr idea of accumulating Destini-WA instead?

MUMBAI: Palm oil prices are likely to fall nearly 13 percent to hit a new 5-1/2-year low of MYR1,900 ($583.36) per tonne on higher output and sluggish demand, but losses could be restricted to MYR2,000 if the Malaysian currency depreciates sharply, leading analyst Dorab Mistry said.
Malaysian palm oil futures settled at MYR2,177 ($668.40) per tonne on Friday, after hitting a 5-1/2-year low at MYR1,914 on Sept. 2.
“Palm oil today is less competitive than it was last year as well as in June this year. Its discount to soya oil FOB (free-on-board) Argentina and to sun oil FOB Black Sea has been narrowing,” Mistry said in his presentation at the Globoil India conference on Sunday.
“At this current price structure demand will gravitate towards soft oils and away from palm. We must remember we are almost into the winter season in the northern hemisphere, which is the main market for palm oil.”
Demand for the tropical oil usually slows in winter because it clouds in lower temperatures.
“If the US dollar gets too strong and the ringgit weakens too much, it is conceivable that the local CPO price will be MYR2,000 , with an exchange rate of MYR3.4 to 3.5 to the dollar,” he said.
The ringgit settled at 3.2575 against the dollar on Friday.
Mistry, who heads the vegetable oil trading arm at India’s Godrej Industries, said his price forecast for crude palm oil was made assuming that Brent crude would trade in a range of $95-$110 per barrel. Energy prices are critical in determining bio-diesel demand.
Brent is now around $97 per barrel after hitting a two-year low of $95.60 last week.
Mistry also said palm oil stockpiles would keep rising, and could peak in December, due to higher production in the top two producing countries, Indonesia and Malaysia.
The higher output cycle in Malaysia, the world’s second-biggest palm oil producer, has been intact and its output could reach 19.8 million to 20 million tonnes in 2014. Top producer Indonesia’s output could exceed 30.5 million tonnes, he said.
“A bottom can be picked only after we have a better idea of October production and of Brazilian weather,” he said.
Farmers in Brazil and Argentina are likely to switch to soybeans from corn this year, he said. “If weather and rainfall in Brazil and subsequently in Argentina are normal, we could see new lows in soybean prices around January 2015,” Mistry said.
U.S. soybeans notched a fresh four-year low on Friday amid ideal weather conditions for record harvests in the Midwestern crop belt, while new highs in the dollar made the supplies less competitive in global markets.
Most-active CBOT November soybeans eased 1.3 percent, or 12-1/2 cents, to $9.10-1/4 per bushel, the lowest level since February of 2010 on a continuous chart.
- Reuters

MUMBAI: Palm oil prices are likely to fall nearly 13 percent to hit a new 5-1/2-year low of MYR1,900 ($583.36) per tonne on higher output and sluggish demand, but losses could be restricted to MYR2,000 if the Malaysian currency depreciates sharply, leading analyst Dorab Mistry said.
Malaysian palm oil futures settled at MYR2,177 ($668.40) per tonne on Friday, after hitting a 5-1/2-year low at MYR1,914 on Sept. 2.
“Palm oil today is less competitive than it was last year as well as in June this year. Its discount to soya oil FOB (free-on-board) Argentina and to sun oil FOB Black Sea has been narrowing,” Mistry said in his presentation at the Globoil India conference on Sunday.
“At this current price structure demand will gravitate towards soft oils and away from palm. We must remember we are almost into the winter season in the northern hemisphere, which is the main market for palm oil.”
Demand for the tropical oil usually slows in winter because it clouds in lower temperatures.
“If the US dollar gets too strong and the ringgit weakens too much, it is conceivable that the local CPO price will be MYR2,000 , with an exchange rate of MYR3.4 to 3.5 to the dollar,” he said.
The ringgit settled at 3.2575 against the dollar on Friday.
Mistry, who heads the vegetable oil trading arm at India’s Godrej Industries, said his price forecast for crude palm oil was made assuming that Brent crude would trade in a range of $95-$110 per barrel. Energy prices are critical in determining bio-diesel demand.
Brent is now around $97 per barrel after hitting a two-year low of $95.60 last week.
Mistry also said palm oil stockpiles would keep rising, and could peak in December, due to higher production in the top two producing countries, Indonesia and Malaysia.
The higher output cycle in Malaysia, the world’s second-biggest palm oil producer, has been intact and its output could reach 19.8 million to 20 million tonnes in 2014. Top producer Indonesia’s output could exceed 30.5 million tonnes, he said.
“A bottom can be picked only after we have a better idea of October production and of Brazilian weather,” he said.
Farmers in Brazil and Argentina are likely to switch to soybeans from corn this year, he said. “If weather and rainfall in Brazil and subsequently in Argentina are normal, we could see new lows in soybean prices around January 2015,” Mistry said.
U.S. soybeans notched a fresh four-year low on Friday amid ideal weather conditions for record harvests in the Midwestern crop belt, while new highs in the dollar made the supplies less competitive in global markets.
Most-active CBOT November soybeans eased 1.3 percent, or 12-1/2 cents, to $9.10-1/4 per bushel, the lowest level since February of 2010 on a continuous chart.
- Reuters

Regional Plantation Sector - NEUTRAL (from Overweight)
Lowering CPO Price Assumptions
Sector Update
We are cutting our average CPO price assumption for CY14/CY15 to MYR2,400/MYR2,500 per tonne from MYR2,700/MYR2,900 previously. We believe palm oil prices are weeks away from a bottom and should strengthen in 4Q as well as in CY15. That said, the current low levels will pull down the full-year average, hence the cut in our assumptions.
Analyst: Alvin Tai

RHB?

Cutting CPO Price Assumptions( By OSK/RHB)
Company Update
Following a sector-wide CPO price downgrade, we lower our earnings projections for Jaya Tiasa by 19.8% for FY15 (FYE June) and 24.6% for FY16. We reduce our SOP-based FV to MYR1.81 (from MYR2.41). The company’s strong FFB production growth (as its estates increasingly mature), however, is more than offset by the impact of lower CPO prices. As such, we downgrade our recommendation to SELL.

What's yr thought?

油棕鲜果价格近年下滑，从高峰时期每公吨600至700令吉跌到目前不到400令吉，基于油棕地价与其鲜果价格息息相关，鲜果价格没起色，促使油棕地皮买卖活跃度也降低，地价暂时回稳。

峇株巴辖油棕商公会主席苏添福表示，油棕鲜果价格近期並不理想，很多油棕园主的收入与支出亦不成正比，这导致欲投资油棕种植业者的人士也下降，地价暂且保持稳定。

他说，目前很多投资者都採取观望的態度应对，因经济不好，很多人都不敢冒然投入种植领域，故地皮买卖的活跃度也较不如过往鲜果价格顶峰时段。

他接受《东方日报》访问时指出，很多油棕园主目前都面临亏损，每个月都需要作出补贴，「惟很多园主在之前油棕价顶峰期也略有小赚，现在即使需要补贴，也不会冒然售卖油棕芭地。」

苏添福指出，基於地皮越来越少，即使油棕价格下跌，油棕芭的价格也仅是放缓，並不会下跌。

「目前在效外的油棕芭价格每英亩约15万令吉，而更偏远地区则约8万至10万令吉，价格视地区地理位置而定，徜若是市区的油棕芭则身价非凡，一般价格是视工业或住宅地段而定，比如峇株大巴力地段，价格每平方英呎则去到10至20令吉。」

油棕地只涨不跌

他认为，很多投资者都了解地皮是最保值的投资，而在经济高峰时，很多生意人都购买地皮来保值，「油棕鲜果价格虽然有起有落，但地皮价格却只有上涨或放缓，以这数十年的情况探討，油棕芭价格是有上无下。」

针对目前是否是购买油棕芭好时机，苏添福认为，鲜果价格虽暂且不理想，但若油棕芭拥有地理策略及交通便利，购买地皮是长期最保值的投资，「俗语说可以卖屋买地，但绝不能卖地买屋。」

他指出，即使是较为偏远的油棕地皮，即属第三段油棕地还是值得投资，因地皮越渐珍贵，国家发展迅速，一旦地理位置卓越的第一及二段地皮发展后，迟早有一天会延伸至第三段发展。

油棕小园主黄来发指出，近年来油棕芭的买卖的確放缓，但地皮价格並没下跌，只是停顿不前。

他指出，目前郊外油棕芭，如巴力士隆港脚价格约每英亩13万至14万令吉，基於油棕价格不好，目前也较少人喊高价买卖，这导致油棕芭地价的涨势大不如前。

他说，以他经验来看，油棕芭价格是很难下跌，很多富人依然喜欢购买地皮投资，但基於银行一般只准批贷50％，故购买地皮需要较大的现金，因此能购买地皮多数是生意人或富人。

他认为，目前油棕芭价格暂且稳定，对於一些想投资地皮的人，目前或是一个好时机，一旦油棕价格上调，地价一定跟著上扬。

Read from The Star about such investment yesterday, it promises 7% guaranteed returns. It seems to be very similar in nature to one of the scheme which discontinued a year ago. Can someone share yr view and experience if it's viable to be included as part of my investment portfolio? What are the pros & cons? Thanks.

Technically, it's still in selling spree.......wait till the market tell you so time to buy.

Now, it's not about the FA but TA signal to trigger buying action.

Don't catch the falling knife. Let the prices stabilize first before establishing new position.

JTiasa seems to make a reversal of late......will it head down further? Can someone share?

Chances are it will decline further. Technically, 0.225 is an imm support breaking which 0.14 will be the target.

Technically, it's now in the downtrend. Stay sideline.

If SIA can, why can't MAS? There must be some underlying root causes need to be addressed SERIOUSLY by the Management and Government with strong WILL. Otherwise, it remains only as talk and talk for many years to come. BAILOUT must not be taken lightly for rescuing companies without solid plan & results.

Potential growth stock, include in yr radar system.

Mr Koon,

BRAVO! The response is overwhelmingly fantastic. Thanks for taking time in organizing such investment sharing session for who are seriously keen to learn more in this area.

Looking forward to seeing you this coming Sunday.

It's an UNDERVALUED Oil & Gas Co. Worth considering to have it in our investment portfolio.

Potential growth from global economic recovery. FV RM1.84 by RHB.

" RHB: IOI, Jaya Tiasa Beneficiaries of Indonesia Biofuel Policy " published in The Edge dated 10 Feb'14.
www.theedgemalaysia.com/business-news/274460-rhb--ioi-jaya-tiasa-beneficiaries-of-indonesian-biofuel-policy.html

Good Morning,

Mr Koon, thanks for yr invitation. Looking forward to meeting you this Saturday. Happy CNY.

Agreed. We should write and comment constructively in this forum for the benefit of all readers.

Mr Koon,
When are you going to hold another talk again in Ipoh? I find yr recent session at YMCA very beneficial to those are keen & genuine, both newbies & experienced investors.
Looking forward to seeing more educational activities of similar to energize the investing & trading environment here in Ipoh.



Gong Xi Fa Cai.

Mr Koon. Thanks for sharing JT from the fundamental aspect. On the first cut, it's very impressive. Surely, i will input it into my radar monitoring system for detail validation. Will base on TA for entry.

Thx & BR.

Capital intensive business with low profit margin due to highly competitive environment. Nothing to shout about moving forward.

RM0.50 will be a good target to start unloading..

IRIS too is one of bidder for the GST refund contract, What one to buy - Mpay or Iris?

Where does it stand financially for JT?

Fundamentally is not very sound. It's more for quick speculation with proper risk control.