It is obvious some companies are having cash flow problems here. They were hit hard by high raw material prices. And these finished products are not essential items.
gohkimhock It is obvious some companies are having cash flow problems here. They were hit hard by high raw material prices. And these finished products are not essential items. 13/01/2022 1:57 PM
You are correct
Calvin already cutloss in Masteel. Now Singapore Govt has cooled down Real Estate by raising barrier to property purchase steel demand will be curbed
Also Construction company like Greatearth in Singapore has gone bankrupt due to high material cost & wages
Some Malaysian Steel companies with export exposure to Singapore will be hit hard & see default in payment later
Also China housing market is in deep trouble
Steel is now in danger. Non payment & debt default is a reality to be feared
Don't focus on Palm oil alone, diversify to steel counters and oil & gas too. With the collapse of technology stock you can see this two days trading volume surge in banking, steel & few oil & gas counters. This already give you a hint 2022 theme play. Plantation, metal & oil & gas will be 2022 recovery play.
calvintaneng, you so clever lah... TAAN - 1/9/21 RM2.92, now RM3.41 up by 16% BPLANT - 1/9/21 RM0.64, now RM0.72 up by 12% AYS - 1/9/21 RM0.62, now RM0.66 up by 6% HIAPTEK- 1/9/21 RM0.595,now RM0.52 down by 12%
Palm oil VS Steel. Obviously Steel lose 9street. BUT how come your other Palm oil stocks not performing yah... e.g Golden Agri, Tdm, DLL
Bullish on all-palm oil stocks 2022-2023 as recent months many low profile top retail investors bought huge amount palm oil stocks bcoz palm oil stocks able to sustainable high CPO 2022-2023, making good profit, good dividen & bonus shares. Few IB started to bullish on palm oil stocks. Sell technology/semi-conductor stocks as very high PE, not attractive to buy as over-bought & no chance to rise share price higher. Intrinsic99 always talk nonsense all the time when calvin genuinely share value investing in very under-value palm oil stocks. The truth is all palm oil stocks are very very under value!!!
You need to get thing clear that palm oil tree is biological, growth is slow and production palm fruit is on gradual manner. Whereas, in steel industry, production volume can scale up immediately if selling price is high and manufacture plant can run overtime if needed for 24 hr.
How to compare steel vs palm oil? Palm oil stock volume so low so as the fund managers cannot buy big in plantation even though they wanted to do so. Just look at the buy q and sell q of Sop or even Taann. On the other hand steel stock suffer minor pull back only but last two days steel stock surge in huge volume and that's where the "HOT MONEY" went to after tech sell of for the next theme play. Follow the hot money if you wanna win big. Best is buy both steel & plantation.
Plantation will do well due to tight supply of edible oil . I think steel , energy and some other commodities stocks will also do well in the mid term for the same reasons.
The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives extended its rally to close at RM5,322 a tonne for the April contract.
Singapore-based Palm Oil Analytics owner and co-founder Sathia Varqa said the price surged after the Indonesian government confirmed it will restrict palm oil exports.
Indonesia's foreign trade director-general Indrasari Wisnu Wardhana said Friday the republic will restrict exports to control the supply of domestic cooking oil in the country.
A media report said the restrictions will apply for six months starting Jan 24.
“(Based on) market players’ rumours, most likely the proposal will be 70% domestic supply and 30% export,” Sathia told Bernama.
Palm oil trader David Ng said Indonesia's move to curb palm oil exports will push up demand for Malaysian CPO as the big buyers will continue to search for alternative sources.
Posted by NorazmiAR > Jan 22, 2022 11:51 AM | Report Abuse
Why when palm oil price have reach new all time high but company share price still not moving up?? Other loss making or small profitable company can jump to all time high without much fundamental or news/MOU that may not even materialize. (WOODLANDOR,COMPLETE LOGISTIC, SMTrack)
Why operator want to goreng these unpromising stocks instead of palm oil company that already set in stone strong earning in coming Quarter results? Bursa really is a twisted environment for investment
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....
ahbah
6,236 posts
Posted by ahbah > 2022-01-13 10:56 | Report Abuse
The winners are :
1st place - Taann
2nd place - Bplant
3rd place - AYS Steel , n
4th place - Hiapteck Ventures