Riskless in KLK and Batu Kawan? Does he know that there are a few million of land waiting to be developed in Africa? Commodities boom had ended we can't use the past 10 years as a yardstick! Why don't he use 1998 to early 2000s as yardstick? When price stabilize or depress how a richly valued counter without much growth to jump further?
Imemwe, There are 1.1 billion Africans and 50% are young at or below 19 years. As Africa develops economically and become more urbanized so will the consumption of palm oil. There is the potential switch to more usage of Palm Oil as biodiesel as oil price escalates further in the future as the growing urbanized African communities will need biodiesel for their daily commuting besides using palm oil as food as well.
It is difficult to forecast the future price trends due to the multiple usage of palm oil as food and bio diesel fuel as the world population kept on urbanizing further.
There is no such thing as absolute riskless. I interpreted his “riskless” as less risk in relative to most of other stocks. I reckon that both KLK and BKawan are the safer counters to invest into even at the current "boiling" market moment. In this context, how much profit can be expected from both as compared to others is another story.
I think every body know klk and bkawan .. But putting it as riskless a bit not right hahaha Anyway my favourite plantation co is united plantations ..it's the best of best
kk123, It had been reported that Bumitama Agri has the highest potential for Revenue and Profit growth in many years ahead. Moreover Tan Sri Lee of IOI Corp owns 30% stake in Bumitama Agri. Have you considered Bumitama Agri?
what he meant is dont invest in co that rely on govt 4profit. mudajaya wil hv rm12m pa fr RE,renewable energy. Tropicana's office redevelepment wil bring 10%profit of the total while other new propty wil b launched. Avoid property stocks,doom to go down. dont follow uncle koon on leverage & switch co so actively,u r not at his level. By picking right growth stock esp in palm oil,u can achieve near to 20%compounding effect. He made26% in 30yrs with leverage, u dont need those risk
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