Front-month Brent crude prices were trading at US$60.40 at 0240 GMT, up 16 cents, while US WTI's front-month contract was up 24 cents at US$56.08 a barrel in thin trading as many countries were still on Christmas holiday. – Reuters

SINGAPORE: Brent crude prices held above US$60 a barrel in early Asian trade on Friday as strong US economic data supported the market, while a building supply glut capped gains.

During this sad moment going on in d East Coast flood flood this calamity is a positive sign for palm oil price to go up due to anticipated short supply.

Please lah! check your facts first, I hv been repeatedly telling in this forum about d requited yield to stay put in oil palm industry by hving high yield.Sim...yield is similar to Fgv ie 20 mt.Sim..share in d region of 9 becoz they hv property attached to it.If 100% on oil palm their price will be similar to Fgv...!!!!!!

Agreed! In this scenarios there wont be a free fall of crude but price may stabilise...I figure 75-85 for d first half of 2015 n start bouncing!!!!!

Ya! US economy booming with cheap oil n Saudi reserve is depleting so Saudi is becoming d suckers!!!!!

For a largest oil palm plantation in d world n never planned for replanting program nothing but total....unprofessionalism..no committment..lazy brain...just useless.Cant they copy at least when very well we hv excellent examples like UP/KLK/IOI etc ...very shamefull.

Saudi another 3 mths in trouble n 6 mths collapse n shale also die????

http://www.freemalaysiatoday.com/category/business/2014/12/26/saudi-projects-huge-deficit-as-oil-price-drop-bites/

Malaysian palm oil price hits near 1-month high on monsoon disruption

http://www.nst.com.my/node/65797

“It’s a turning point in the way people perceive OPEC, that this so-called cartel is not really driving prices,” said Jeff Colgan, a professor at Brown University’s Watson Institute for International Studies who researches the geopolitics of energy. “The real story is going to be about the fracking industry. How much pain can North American producers take?”.....extract from Bloomberg

“It’s a turning point in the way people perceive OPEC, that this so-called cartel is not really driving prices,” said Jeff Colgan, a professor at Brown University’s Watson Institute for International Studies who researches the geopolitics of energy. “The real story is going to be about the fracking industry. How much pain can North American producers take?”.....extract from Bloomberg.

Some shale extraction shut down n US looking for lower cost wells/shale to stay afloat with low crude.Ironical part US booming with low crude Dow exploding. This time winter very severe so more energy needed. Since crude low so now US is using huge vessel (cost wise expensive) to transport crude from d cold North.

Either Saudi or US have to cut production otherwise both die but dont know who die first???

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1836497

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1836509

Merry Xmas n Happy New Year.

Anyway it was d good answer...

Some ppl want to be spoon fed.....put somd effort a lot inputs in d "net"...mmmmm

Malaysia’s 1MDB readies $3bn IPO of power asset
......if this Malaysia’s controversial Co can go for IPO then why Suma cannot???

http://www.ft.com/intl/cms/s/0/8731ec6e-5fd8-11e4-8c27-00144feabdc0.html#axzz3MnQUAdyR

Purchase of BE suppose to be finalised by end of d yr which means inclusive of RI approval by shareholders but now d issue is low crude, so all I can guess Bursa may put d deal under KIV??????

http://announcements.bursamalaysia.com/edms/edmswebh.nsf/all/8FE0E80E8315DE7A48257D52005D935D/$File/SUMATEC-Proposals%20%23280814.pdf waiting for approval from Bursa if we dont take up not an issue tycoons r waiting to grab?

Eversendai and WCT affected by weaker prospects in the Middle East market
by Sharon Kong, shatronkong@theborneopost.com. Posted on December 24, 2014, Wednesday

KUCHING: Malaysian companies such as Eversendai Corporation Bhd (Eversendai) and WCT Holdings Bhd (WCT) have been affected by weaker prospects in the Middle East market.

According to RHB Research Institute Sdn Bhd (RHB Research), the recent collapse in crude oil prices will have negative bearing on oil wealth and hence impede the ability of certain oil exporting countries in the Middle East to continue with their spending on lavish projects.

This does not augur well for Eversendai, it said, which derives about 80 per cent of its revenue and 50 per cent of its profits from that region.

“Its current order backlog of RM1.6 billion will only lend earnings visibility over the next 18 months,” it said.

WCT & Eversendai having many projects in middle east r all slowing down due to drop in crude price so d talk of 20 is just for d sake of talking.Arabs r solely dependant on oil for survival but US now seeing d power of low price which is booming their economy.US now shifting to scoop oil from lower cost wells.This time winter is going to be very severe so oil price bouncing is possible? For Suma there may be one more bounce b4 4Q is out???

Sime supported by property n other businesses if totally on oil palm their price may be same as Fgv becoz their yield is also about 20 mt.

http://www.nst.com.my/node/65471

Dow tops 18,000 n Brent also up

The biggest oil producers outside OPEC are the U.S. and Russia.

Oil fell about 20 percent since OPEC chose to maintain its production target at a Nov. 27 meeting, seeking to defend market share rather than prices. The highest U.S. crude output in at least three decades is contributing to a glut that Qatar estimates at 2 million barrels a day. Saudi Arabia is confident prices will rebound as economic growth boosts demand and “inefficient producers” trim output, Al-Naimi said.

http://www.bloomberg.com/quote/SCHG:MK

http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=CNAC:MK

http://klse.i3investor.com/servlets/fdnews/222971.jsp

Brent crude was up 19 cents at US$60.30 a barrel.
Analysts said expectations of firm US economic data later in the day had pushed prices higher.
"The focus of today would likely come from US durable orders and US GDP figures. Durable goods orders depict a strong manufacturing sector which implies a higher industrial use of crude oil," said Singapore-based Phillip Futures in a report on Tuesday.

"With the US economy picking up, we expect the figures to be favourable."

SINGAPORE: Oil prices edged up in expectation of firm US economic data later on Tuesday, with trading thin due to a public holiday in Japan and as traders begin closing their 2014 positions ahead of Christmas and the New Year.

Meanwhile, money managers continued to extend their net-long positions, betting that prices will rise. Money managers raised bullish bets on oil with a net-long position of 217,723 contracts through Dec. 16, up 13.8% from the week earlier, CFTC data showed.

When I refer to yield I am referring to "hectare n not acre".....2.4 acres=1 hectare

Ya! d former PM wanted to cut all d trees n industrialise d country n Proton/ Perwaja is a total failure? During d Asian crisis i remember seeing Him in d news when he stepped into Subang Airport, he did say "we have Palm Oil to defend d economy". So they should try to match GLC plantation with UP to save the country's economy.They r only good for talking nothing else.

Kimkowlee: 25mt 5yrs to 15 yrs planting is excellent which UP/KLK/IOI is getting but sometimes extreme dry weather affects d pollen so yield drops....not 30mt u can always check in d "NET"...

Nobody want to do business without money so.......!!!!!!

Very costly to extract shale oil soon there will be a consensus so dont expect 100 but 80-90.

http://www.malaysiakini.com/news/284315 Please answer my question "what is your yield as compared to UP/KLK/IOI"...please don't take d shareholders n settlers for a ride.

Middle East also will collapse with cheap oil matter of time bounce.

US also too much they try to monopolise Shale to kill Middle East but now Saudi made it clear that US hv to cut n US hv no choice but to cut.This is my conclusion.

KUALA LUMPUR: A former high-ranking civil servant, the last of a dying breed in action when the work environment reflected the diversity of the nation, has proposed that Prime Minister Najib Abdul Razak appoint a Special Commission to Transform the Public Service which has clearly declined in performance in more ways than one but remains in a complete state of denial.

Former PM already mentioned Malaysians r stupid thats why asking a foreigner to helm MAS?

End of d day Non-Opec countries especially US have to cut production.Common sense tells d drop in crude is very devastating especially to US economy.Worst if not 90 at least may stabilise at 80 so those oil diggers without debt may storm this difficult period n remember Suma is free of debts n this is something special about TSHS.

3 hours ago
KUALA LUMPUR: The FBM KLCI has continued its upward momentum and rose nearly three points during early trade on Tuesday underpinned by banks and key heavyweights, while analysts are expecting the index to hover around 1,780 and the 1,800 levels.

Felda is d biggest oil palm plantation compony in d world hving million over hectares next is Sime with 600,000 hectares n both these GLC, yield/ha/annum is 20mt whereas UP/Klk/Ioi r getting more then 23mt with lower field costing so able to give a dividend of 70-100% n share price above 20 but IOI price is lower because a few yrs back they bonus shares n diluted d share price.Glc companies after reading this article, they shd come to defend themselves otherwise guilty as accused....please elaborate!!!!!

Dow Jones 17,959.44 +154.64 0.87%
Nasdaq 4,781.42 +16.04 0.34%
......Klci uptrend palm oil price up so window dressing may push Suma another 2cts