I wish they reduce the investment in money market fund and give us a special dividen. Afterall, the return of money market fund is very low although it has very low risk. IMO it is better return these money to shareholders.
msia retail investors r funny because they r bullish whenever the raw material price increases, vice versa. The best recent example was mflour surged when wheat price spiked due the india's export ban.
Posted by sunnyspoon > 28 minutes ago | Report Abuse
Anyone know reason going down soooo fast????
.......................,............................................ Indonesia bans palm oil export and 80% of tsh palm oil land is in indonesia. Hence the rapid falling.
But the ban will not last forever. Indonesia is expected to lift the ban by end of this month. Personally i strongly believe indonesia will replace the ban with record high export tax and levy in order to subsidize the domestic cooking oil price.
Given msia's intention to cut export tax, i would say pure msia planter will outperform those indonesia counter part.
msia cpo stock level improved because the oversea buyers temporarily stopped buying and consume their domestic cpo stock only. Nevertheless their stock level wont last long indefinitely. They will eventually start buying again.
If u read the latest release from the cargo surveyor, u will know that they started buying fenzy early this month, which is about 40% more than the same period last month.