Aiyah, just because he hasn't bought ma....... in 2 months time when the cop touches Rm6000 , he will say he bought a lot...... Cunny fellow, last bull on plantation he asked people to sailang on Jtiasa when the price is 2.50rm. Haha.... please listen to him and sell, he will buy.
We have many Sifus with some attacking the others. Some make U turns within days while there was no change in the economic situation. Just read everything but believe a few and take the rest wirh a pinch of sale. Never fully trust them as most have hidden agendas
Next year if the production increase the price may drop 10% - 20% but don't expect it drop to below RM4,000. During December2019 investment banks said the CPO sure drop back to RM2,000+ by April 2020. During December 2020 investment bank said CPO sure drop to back to RM3,000 by May/June 2021. What is the price of CPO Now ? Investment bank and KYY is just guessing.
Dunno about Uncle Con but have a brother-in-law who owns palm oil land/farm. Price can only go up from now until they can resolve the labor shortage issues. MCO over does not mean there will be many workers ready to go back to work in the industry, you need to be in it to know the real details.
This article too shallow to believe. Looks like a copy and paste from some reading.
gladiator The only reason Kyy talk about palm oil because Calvin been writing & promoting palm oil stock for far too long and almost everyday until no one notice kyy steel stock promotion. 01/11/2021 7:22 PM
OOOO!! THEN, CALVIN SHOULD REPLY TO UNCLE WITH NEW ARTICLE 'WILL STEEL PRICE FALL?'
Uncle caution CPO price correction . Is that justified? I would like to share the year's high (H) , low (L) and the simple average (Avg) from year 2008 to 2021as below : 2008. $4179 (H) , $1403 (L) , $2791 (Avg) 2009. 2887,. 1630. 2259 2010. 3782. 2386. 3084 2011. 3930. 2786. 3358 2012. 3567. 2027. 2797 2013. 2635. 2157. 2396 2014. 2917. 1933. 2425 2015. 2360. 1802. 2081
2021's H is 29% higher than the highest H (2008) 2021's H is 66% higher than the avg H 2008-2019 2021's L. Is 147% higher than the lowest L (2008) 2021's L is 72% higher than the avg L 2008-2019 2021's Avg is 68% higher than the Avg 2008-2019.
(Note : in 2008 , Lehman's collapse in Sept caused global panic and hence commodity prices )
Despite the above , all plantantion counters stock prices are 20-50% below the highs achieved in 2008 -2020 period . Mind boggling indeed.
So, why should there be worries if CPO price indeed correct for 10-20% next year ?? 02/11/2021 9:54 AM
Bro Koon, please dont listen or learn from your half bake, remisier, god, guru, master, gold finger, educator and so on!!! If they are excellent, why they need your tuition fee please? My two cents, indicator about inflation is down, price for commodity should be down. 10% to 20% down for CPO is ok. Main negative news for plantation company is 33% tax after 100 million profit (Budget 2022). All bad news for CPO, any bad drop please!? No, what is it mean please!? Price for commodity is not about supply n demand, everything is about politic! Why Euro want to ban CPO please!? If you think America & China problem can overcome by tomorrow or few months time then you need to sell all stock. Beside that, America debt are so high. The best way to make this debt look small is inflation. On other hand, the best way to create inflation is breakup. What I foresee is "HYPERINFLATION" on the way!!! Last, situation can be change instantly. Investment is about control risk.
When this sifu give advise to sell all plantation stock when CPO too high on 31 Oct 2021, he did not know or rather don't spend time to understand that underlying environment at that time will support CPO price.
Fast forward to today, he is changing his tune to buy plantation stock because CPO price is at elevated 7k. And yet his choice of company is as bad as his skill of prediction, TDM.
Maybe his should change to disciple instead of sifu for him to make money in stock market
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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....