Next target 1.50

http://www.theedgemarkets.com/article/tsh-3q-net-profit-jumps-higher-cpo-and-pk-prices

KUALA LUMPUR (Nov 18): TSH Resources Bhd saw its third quarter ended Sept 30, 2020 (3QFY20) net profit skyrocket by nearly 300% following higher crude palm oil (CPO) and palm kernel (PK) prices.

Next qr jump again

Tmr 1.20

Goc soon fly

After AT.. goreng green ocean.. same boss mr mak

KUALA LUMPUR (Sept 1): Crude palm kernel oil producer Green Ocean Corp Bhd is jumping on the rubber glove bandwagon as it hopes to capitalise on the burgeoning demand for gloves while making the most out of the opportunities created by the Covid-19 pandemic.

The group said it intends to commission up to 12 double former glove-dipping lines in stages over the course of 36 months, of which 12 lines are expected to yield a combined production capacity of up to two billion pieces of gloves per annum.

If next 2 QR big profit, hopefully bonus issue again..

historical high= 2.40

next target price 1.20 then 1.50

Oct cpo 2979

Oct production 93k .... big profit

Cpo closed 3391, Q4 profit crazy

Cpo closed 3391 new high

3.71

yes..this month QR out..share price sure up

TSH, SOP,BPLANT,FGV

owner collect below 3.6

Fundamental still good, no need so worry..
Next 2 QR still can make big profit

As per mentioned in the previous post, CPO is expected to rise until December due to few factors as follow -

1- La Nina could disrupt soybean and other oilseeds supplies in 2021
2 -Weak CPO supply and current tight palm oil stocks limit downside with worker shortage issues
3- Stronger CPO demand as global economy recovers from the pandemics
4- Wider CPO price discount against other oil supportive of demand
5- CPO usage for biodiesel purpose could decline due to INSUFFICIENT from the government (Indonesia) or export levy in 2021

@ Blabla789
yes ..1.00

break new high

FCPO
Nov 20 -3225 + 161
Dec 20 -3186 + 158
Jan 21 - 3069 +127
26/10/2020 6:23 PM

Cpo break 3100

Soybean break new high 1087... huhu

sep soybean 1040 level cpo = 3100
oct soybean 1070 level cpo =3200
today cpo will up again..hopefully can break 3100

Soybean break high..1077 usd

Malaysia's Oct 1-20 palm oil exports rise 4.3% m-o-m — AmSpec Agri
TheEdge Tue, Oct 20, 2020 02:07pm - 8 hours ago


KUALA LUMPUR (Oct 20): Exports of Malaysian palm oil products for Oct 1-20 rose 4.3% to 1,084,701 tonnes from 1,040,085 tonnes shipped during Sept 1-20, according to independent inspection company AmSpec Agri Malaysia on Tuesday.

Prices of vegetable oil including CPO to take cue from soybean — Oil World CEO
TheEdge Tue, Oct 20, 2020 04:20pm - 6 hours ago


KUALA LUMPUR (Oct 20): Oil World editor and chief executive officer (CEO) Thomas Mielke has told analysts that prices of vegetable oil including crude palm oil (CPO) are expected to be impacted by higher prices of soybean until the first half of 2021 (1H21) after taking into account delayed planting of soybean in Brazil and the lack of selling interest of the commodity by Argentina.

UOB Kay Hian analysts Leow Huey Chuen and Jacquelyn Yow, who spoke to Mielke at an online seminar yesterday, wrote in a note today that Mielke, however, highlighted that his views might change if rain arrived earlier in Brazil, Argentinian farmers kicked off soybean sales, and that China cut its soybean imports in view of elevated prices.

CPO and soybean oil are substitutes for each other, hence, prices of these commodities have been observed to move in tandem with each other based on their supply and demand dynamics.

"South American soybean production to set tone for global oilseeds and vegoil prices until 1H21. Given the expected disruption to Brazil's soybean production and lack of selling interest from Argentinian farmers, soybean prices in 1H21 are likely to trade higher. On top of that, other competing oilseeds, ie sunflower and rapeseed, have also reported sharp production declines due to the dry weather. If the weather in Brazil remains dry over the next few months, soybean production from Brazil could lose another 6m-8m tonnes," the UOB Kay Hian analysts wrote.

"This will enhance the bullish movement for soybean prices and have a spillover effect on soymeal and other vegetable oil prices. Mr Mielke expects average soybean oil and palm olein prices to average ~US$820/tonne and ~US$730/tonne in January-June 2021 respectively.

"After factoring in better rainfall and some yield recovery from the lack of fertiliser application in 2H18 and 2019, global palm oil production in 2021 is expected to increase by 3.8m tonnes yoy (Indonesia: +3.0m tonnes; Malaysia: +0.3m tonnes). Global palm oil consumption is expected to increase by 1.6m tonnes yoy — factoring in a partial demand recovery from the Covid-19 impact. Having said that, the stock-to-usage ratio for palm oil in 2021 is expected to be flat yoy because the inventory carried forward from end-20 is expected to be lower compared to that from end-19," they said.

UOB Kay Hian maintains its market weight recommendation on the regional plantation sector despite the possibility of better CPO selling prices in the short to medium term compared to the research firm's current assumptions, according to the analysts.

"We maintain our CPO price assumptions of RM2,400/tonne and RM2,350/tonne for 2020 and 2021 respectively.

"Plantation stocks (share prices) might not react to the surge in CPO prices. This is because higher CPO prices do not translate into higher earnings. The earnings should factor in erosion from higher operational costs, sustainability costs and additional taxes as prices move on the uptrend," they said.

On Bursa Malaysia today, CPO for November 2020 traded RM64 higher at RM2,952 a tonne at 3.55pm while prices for December 2020 CPO rose RM75 to RM2,900.

Translate

SOP

Q1
FFB CPO PRICE REVENUE
Jan-20 99,711 32,766 2004 65,663,064
Feb-20 105,828 33,173 1917 63,592,641
Mar-20 101,527 29,533 2107 62,226,031
TOTAL 307,066 95,472 191,481,736
Profit=71m
EPS=12.47


Q2
Apr-20 107,627 31,281 2299 71,915,019
May-20 113,066 32,889 2074 68,211,786
Jun-20 123,951 33,897 2411 81,725,667
TOTAL 344,644 98,067 221,852,472
Profit=38m
EPS=6.72


Q3
Jul-20 128,325 35,626 2519 89,741,894
Aug-20 130,964 37,808 2825 106,807,600
Sep-20 134,909 38,079 2924 111,342,996
TOTAL 394,198 111,513 307,892,490

Estimate Q3
Revenue up 38.78% = 86 m
Production up 13-14%
Price up 20-25%
Profit = 90-100m
EPS=15

Share price target
EPS=12.47+6.72+15+15=49.19 sen
PE=14x49.19=RM 6.88
16/10/2020 8:19 PM

KUALA LUMPUR (Oct 10): Exports of Malaysian palm oil products for Oct 1-10 rose 13.3% to 535,552 tonnes from the 472,780 tonnes shipped during Sept 1-10, according to independent inspection company AmSpec Agri Malaysia on Saturday.

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade higher next week, buoyed by expectations of stronger demand from India ahead of the Deepavali festival.

Singapore-based Palm Oil Analytics’ owner and co-founder Dr Sathia Varqa said the Festival of Lights, to be celebrated on Nov 14, would boost Indian demand for the golden crop in the near term.

"Traders also anticipate weaker production due to the rainy season which could contribute to the reduction of stockpiles in the country.

"Furthermore, they would also be waiting for the Malaysia Palm Oil Board’s (MPOB) report to be released on Monday,” he told Bernama.

On a Friday-to-Friday basis, the CPO futures contract for October 2020 rose RM174 to RM3,020 per tonne, November 2020 jumped RM201 to RM2,967 per tonne, December 2020 strengthened RM203 to RM2,911 per tonne, and January 2021 climbed RM191 to RM2,865 per tonne.

Weekly volume down to 241,460 lots from 318,816 lots in the previous week, while open interest surged to 258,490 contracts from 245,116 contracts.

On the physical market, October South stood at RM3,010 per tonne. - Bernama

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade higher next week, buoyed by expectations of stronger demand from India ahead of the Deepavali festival.

Singapore-based Palm Oil Analytics’ owner and co-founder Dr Sathia Varqa said the Festival of Lights, to be celebrated on Nov 14, would boost Indian demand for the golden crop in the near term.

"Traders also anticipate weaker production due to the rainy season which could contribute to the reduction of stockpiles in the country.

"Furthermore, they would also be waiting for the Malaysia Palm Oil Board’s (MPOB) report to be released on Monday,” he told Bernama.

On a Friday-to-Friday basis, the CPO futures contract for October 2020 rose RM174 to RM3,020 per tonne, November 2020 jumped RM201 to RM2,967 per tonne, December 2020 strengthened RM203 to RM2,911 per tonne, and January 2021 climbed RM191 to RM2,865 per tonne.

Weekly volume down to 241,460 lots from 318,816 lots in the previous week, while open interest surged to 258,490 contracts from 245,116 contracts.

On the physical market, October South stood at RM3,010 per tonne. - Bernama

KUALA LUMPUR (Oct 10): Exports of Malaysian palm oil products for Oct 1-10 rose 13.3% to 535,552 tonnes from the 472,780 tonnes shipped during Sept 1-10, according to independent inspection company AmSpec Agri Malaysia on Saturday.

At 3pm, CPO for third month delivery was up RM48 to RM2,936 per tonne, the highest since Sept 22.

KUALA LUMPUR: Crude palm oil futures advanced to the highest level in more than two weeks, buoyed by a recovery in demand from top buyers India and China, which may reduce global stockpiles.

Prices advanced for a fifth day and have climbed almost 8% this week.

At 3pm, CPO for third month delivery was up RM48 to RM2,936 per tonne, the highest since Sept 22.

Futures are also supported by dry weather in Brazil, which threatens the soybean crop and is bolstering prices of rival soybean oil.

“Sentiment has been underpinned by good demand and prospects of higher exports to China and India, ” said Gnanasekar Thiagarajan, head of trading and hedging strategies at Kaleesuwari Intercontinental. Weather concerns in Brazil are adding to this, he said.

India’s palm oil imports are seen rising to 8.85 million tons in 2020-21 from 8 million tons a year earlier, Thomas Mielke, chief executive officer of Oil World, said in an online seminar Thursday.

Palm oil prices will depend entirely on the performance of Indonesia’s biodiesel mandate to blend 30% of palm-biofuel with 70% diesel, known as B30, according to veteran analyst Dorab Mistry, a director at Godrej International.

Palm’s premium over gasoil has surged in recent months, making mandatory biodiesel programmes much more expensive to run.- Bloomberg

At 3pm, CPO for third month delivery was up RM48 to RM2,936 per tonne, the highest since Sept 22.

KUALA LUMPUR: Crude palm oil futures advanced to the highest level in more than two weeks, buoyed by a recovery in demand from top buyers India and China, which may reduce global stockpiles.

Prices advanced for a fifth day and have climbed almost 8% this week.

At 3pm, CPO for third month delivery was up RM48 to RM2,936 per tonne, the highest since Sept 22.

Futures are also supported by dry weather in Brazil, which threatens the soybean crop and is bolstering prices of rival soybean oil.

“Sentiment has been underpinned by good demand and prospects of higher exports to China and India, ” said Gnanasekar Thiagarajan, head of trading and hedging strategies at Kaleesuwari Intercontinental. Weather concerns in Brazil are adding to this, he said.

India’s palm oil imports are seen rising to 8.85 million tons in 2020-21 from 8 million tons a year earlier, Thomas Mielke, chief executive officer of Oil World, said in an online seminar Thursday.

Palm oil prices will depend entirely on the performance of Indonesia’s biodiesel mandate to blend 30% of palm-biofuel with 70% diesel, known as B30, according to veteran analyst Dorab Mistry, a director at Godrej International.

Palm’s premium over gasoil has surged in recent months, making mandatory biodiesel programmes much more expensive to run.- Bloomberg

0.505 now

today plantation stock will move

KM loong result good
With the recent volatile movements in CPO commodity price and sharp recovery from a level near RM2,000 per MT in May 2020 to the current level of above RM2,900 per MT, the management is of the view that CPO price could hold above RM2,700 per MT in near term. However, CPO price is generally susceptible to fluctuation of currency exchange rate, demand and supply of commodity and import policies of major importing countries.
With the impressive performance for the first six months which has surpassed the profit made in the whole of the preceding year, we foresee the Group’s performance for the financial year 2021 will be good.

KMloong result good

With the recent volatile movements in CPO commodity price and sharp recovery from a level near RM2,000 per MT in May 2020 to the current level of above RM2,900 per MT, the management is of the view that CPO price could hold above RM2,700 per MT in near term. However, CPO price is generally susceptible to fluctuation of currency exchange rate, demand and supply of commodity and import policies of major importing countries.
With the impressive performance for the first six months which has surpassed the profit made in the whole of the preceding year, we foresee the Group’s performance for the financial year 2021 will be good.

EPS= 9 x4Q=36 sen
PE 3.60/36 sen=10
now 3.1 level, consider value to buy

FFB 97,494
CRUDE PALM OIL 28,983
PALM KERNEL 6,358

Feb 2020
FFB 94,091
CRUDE PALM OIL 26,036
PALM KERNEL 5,562

March 2020
FFB 102,082
CRUDE PALM OIL 29,374
PALM KERNEL 6,512

April 2020
FFB 107,627
CRUDE PALM OIL 31,281
PALM KERNEL 6,483

May 2020
FFB 113,066
CRUDE PALM OIL 32,889
PALM KERNEL 6,941

June 2020
FFB 123,951
CRUDE PALM OIL 33,897
PALM KERNEL 7,387

JULY 2020
FFB 128,325
CRUDE PALM OIL 35,626
PALM KERNEL 8,197

AUGUST 2020
FFB 130,964
CRUDE PALM OIL 37,807
PALM KERNEL 8,527

tomorrow will up, back to 1.1 level

CPO closed 2956

sop belong to
Shin Yang Plantation, Tan sri Datuk Ling Chiong Ho-47%
Pelita Holding, state financial secretary sarawak-28%
public investors-25%

tdm will back to 0.4

sop undervalue gem

（吉隆坡17日讯）棕油期货价格自今年1月以来，首次突破每吨3000令吉大关，主要是两大买家印度和中国的需求攀升，以及大豆油价格走高。

上海金融服务公司StoneX集团达林弗里德里希斯说，餐馆、酒吧、活动和旅行等活动几乎都恢复正常。

棕油期货价格今天反弹走高，似乎无视汽油价格激增超过每吨400美元，写2011年初以来的新高，或14天相对强弱指数达70，浮现市场超买的技术信号的潜在警钟。

孟买Sunvin集团研究主管巴加尼指，大豆油和葵花籽油价格上涨，以及主要买家印度和中国的需求增加，带动棕油期货价格攀高。

巴加尼补充，9月首20日的产量数据会是关键，并预测期货价格有望上看3050至3120令吉，支撑点介于2930至2900令吉。

闭市时，10月份棕油期货价格报3010令吉，上涨41令吉。

1.59 soon