Golden agri possible to go double to 60c by this year ? you are plantation guru, if can up double i buy you palm oil tree for free. LOL !!! Monday i go whack 99...
Agreed with Calvin the HSplant and Bplant were good buy amid the correction yesterday. I added both counters yesterday to enjoy the great dividends which is just around the corner.
FCPO price dived on Friday is also because it has become the most expensive edible oil due to excessive speculation amid Russia-Ukraine threatening the no supply of huge amounts of sunflower oil. Bursa derivative on Friday raise trading deposit on FCPO by 20% to dampen excessive speculative activity . Next week will see CPO trading at price level more in line with other competing edible oil.
Demand for palm oil as well as all vege oil will increase
1. One billion Muslim will be celebrating Ramada Festival soon and demand for palm oil will increase next month
2. USA fossil refineries converted to Renewable Energy this year of 2022 will see an increase of soybean by another 10% soon As more soyoil is taken up by industrial green energy use prices will rise and by proxy palm oil will benefit
3. The rise of crude oil above Usd110 will make it more feasible to use alternate soyoil and palm oil as biodisel
So these are on-going factors that will spur demand for palm oil
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....
Fabien _the efficient capital allocator
1,969 posts
Posted by Fabien _the efficient capital allocator > 2022-03-04 22:48 | Report Abuse
I don't have Hap Seng Plant but owned Hap Seng Consolidated instead.