Plantation stock rally has just begun in Feb 2022. It appear to me that there is a lot more steam for this rally to continue for months. Like many other stock rallies, we may see some plantation's share price surge pass triple digit % increase. I will just lock up my plantation stocks to enjoy the once in a lifetime superb return.
GLOVE rally lasted 4 months to reach its peak (Apr 2020 to Aug 2020). Supermax share price was around $1.63 (2/4/2020) to around $23.00 (7/8/2020), increase of 1,311% Topglove was $6.40 (2/4/2020) to $28.00 (7/8/2020), increase of 338% Harta was $6.80 to $21.00 , increase of 209%
STEEL rally lasted about 6 months to reach its peak(Nov 2020 to May 2021) Anjoo share price was $0.60 (2/11/2020) to $3.10 (10/5/21), increase of 417% SSteel was $0.42 to $1.20, increase of 186% Melewar was $0.20 to $0.72 , increase of 260%.
I have solid knowledge of the sentiment among foreign investors in plantation. A lot of them are dubious and concerned with the ESG risks. The issue is, the large increase in profits posted by these companies especially KLK was too good to ignore. Which explains the surge in volume and share price for the past 8 trading days.
Ok I will do more research on small cap plantation. Will let you know soon and discuss further. Pick one that has not exploded yet and preferably with a smaller float
Wallstreetrookie, I brand those blind ESG followers especially the local IBs and sovereign funds as ESG hypocrites . If those hypocrites are serious in driving changes, they should engage with the businesses or even increase their investment in these companies to exercise greater ESG influence . Rakuten’s Vincent lau has said yesterday “while ESG concerns are increasingly relevant, the financial performance of the companies will be the primary factor driving investment decisions. Profit is still paramount. The financial picture is still the top driver “ Aun Rand in her novel Atlas Shrugged,said modern business people run their firms more to please the ethical judgment of intellectual and politicians, rather than looking at their customers and at the economic sustainability of their project.
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....
Johnzhang
3,098 posts
Posted by Johnzhang > 2022-02-18 06:35 | Report Abuse
Plantation stock rally has just begun in Feb 2022. It appear to me that there is a lot more steam for this rally to continue for months. Like many other stock rallies, we may see some plantation's share price surge pass triple digit % increase. I will just lock up my plantation stocks to enjoy the once in a lifetime superb return.
GLOVE rally lasted 4 months to reach its peak (Apr 2020 to Aug 2020).
Supermax share price was around $1.63 (2/4/2020) to around $23.00 (7/8/2020), increase of 1,311%
Topglove was $6.40 (2/4/2020) to $28.00 (7/8/2020), increase of 338%
Harta was $6.80 to $21.00 , increase of 209%
STEEL rally lasted about 6 months to reach its peak(Nov 2020 to May 2021)
Anjoo share price was $0.60 (2/11/2020) to $3.10 (10/5/21), increase of 417%
SSteel was $0.42 to $1.20, increase of 186%
Melewar was $0.20 to $0.72 , increase of 260%.