4 people like this.
5 comment(s). Last comment by stockraider 2021-01-09 13:25
Posted by calvintaneng > 2021-01-04 20:03 | Report Abuse
Jan 4th 2021 the first trading day of a new year witnesses Fcpo Jan 2021 reached Rm3,950
Only Rm50 more to world record all time high of Rm4,000
Amazing thing is all IB banks deceptively making neutral calls for palm oil
Very very slippery analysts for fear of losing out in their Palm oil call warrants now suppressing the truth
Posted by Letsfly > 2021-01-05 17:09 | Report Abuse
today it is even less than RM50 to hit 4k~ woohoo
Posted by stockraider > 2021-01-09 13:25 | Report Abuse
Why the rally on cpo is sustainable leh ??
If u check the cpo spot & future from Jan 2021 to Dec 2021 all prices are above Rm 3000 until November 2021 & only December 2021 is slightly below Rm 3000 but still consider high at around Rm 2970 per tonnes.
For your info, when palmoil is average rm 2500, all the palmoil plantations make good profit mah...!!
Thus the good profit of palmoil company is sustainable very good & the average palmoil price should easily exceed average rm 3000 for 2021 mah...!!
Like calvin sifu says there are Great Safety In Palm Oil Shares loh!
Posted by calvintaneng > Jan 9, 2021 11:49 AM | Report Abuse
Cpo reaching Rm4000
Moving up to Rm4500 and Rm5000 range due to la nina
Hide in great safety of palm oil shares
Posted by calvintaneng > Jan 9, 2021 10:11 AM | Report Abuse
Happy morning all
Yesterday Soybean prices in USA closed above Usd13.70 to yet another new high due to very dry weather in South America
La nina is here with uneven weather on earth
Floods in Malaysia will deplete cpo stocks and drought will decimate Soybean crops in Brazil and Argentina
Leading to huge shortfall and panic buying later
Palm oil bull is now on course to run for all the months of 2021
No result.
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
bulldog
12,157 posts
Posted by bulldog > 2020-12-28 00:50 | Report Abuse
Thanks Calvin
Bulldog top pick TDM and bplant
Huat chaiii