My sole purpose of writing this article is to inform all my readers why I sold all my Prestar, Leon Fuat and AYS to buy plantation stocks which are producing CPO <-- oh boy all of you KYY fanboys gonna get burnt again, enjoy
Finally you understand why i said steel counters are just a pure hype.
They have to buy raw material at sky high price and stack into their inventories with no guarantee those high priced material could be offloaded at another high price or not. For those companies which take huge bank loans to finance their operations, it will be much worse. Cash flow will be severely affected. The good ones will survive at higher revenue but only slight increase in net profit. Only the upstream players will get the most benefits from commodity price increase. It happens to all industries.
Expect a lot of impairments soon. All these products are not basic necessities items. Like cigarettes, in Malaysia, there is always a way to get some cheaper alternatives elsewhere..
Time to ditch all your garbage financial advisors..
NEW DELHI (March 3): The blistering rally in palm oil is starting to turn away customers in India, the world’s biggest importer.
Buyers have canceled as much as 100,000 tons of planned palm oil purchases in the past seven days, according to Sandeep Bajoria, chief executive officer of Sunvin Group, a Mumbai-based trader and broker of vegetable oils.
“We can’t buy at these prices,” he said. “Demand destruction is happening.”
"Jakarta has also been asked to reduce their biodiesel blending rules. Currently, 30 per cent of all biodiesel sold in Indonesia need to be derived from palm oil."
Hihihaha! Grandpa Koon game us all! Anyway, do you know that China barely keeping up with demand now that Russia and Ukraine cannot export iron! Yeah, do you know half of world steel demand comes from China! And now that demand just added more! Hiaptek is the brightest star among steel stocks!
My sole purpose of writing this article is to inform all my readers why I sold all my Prestar, Leon Fuat and AYS to buy plantation stocks which are producing CPO. ------Yes, buy AZRB for they have huge oil palm plantations and lands. Now still trading at 21 sen per share.
What a big u turn by uncle. Just only recently he was so sure that all steel stocks will increase profits in the coming quarters, Totally wrong reading of the market. Wonder if he still has any followers
Hahaha I have less experience than Uncle Koon but TDM will be the last plantation stock I will buy. Loss making even with price of CPO at record high, litigation after litigation. And he mentioned that he will only touch profit making counters. Hahaha don't be taken in by him. Btw, how many times have you heard him say that he should have told his followers to sell after he has disposed? It was the same with gloves where he asked them to hold on while he disposed everything.
I suspect Grandpa Koon Prestar and Leon were force sell when he can't top up his margin! That's why he felt so hopeless and immediately wrote this article! Anway, cheers Grandpa! You can still buy steel stocks tomorrow before it gap up! Look at US and EU markets! Rebound strongly!
Today all plantation stock drop like shit. I wonder every time uncle report come with the price coming down. Timing of loosing very good almost 100% probability of loosing money. ha ha ha
Same kind of old tricks, use again and again...still the best tricks....promote promote promote, the next day turn 180 degree. kakakakakaka...kikikikiki
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....
vcinvestor
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Posted by vcinvestor > 2022-03-09 11:23 | Report Abuse
My sole purpose of writing this article is to inform all my readers why I sold all my Prestar, Leon Fuat and AYS to buy plantation stocks which are producing CPO <-- oh boy all of you KYY fanboys gonna get burnt again, enjoy