it is wrong to say malaysian investors are not bullish on plantation stocks, but many prefered to buy lower priced companies ,like fgv, jtiasa,sime plant , boustead plant etc, even TDM. for example among these people is kyy. But alas, kyy listed those low priceD stocks ,But we see these to be mismanaged ,and give low monthly FFB ,cpo production. Still may be , If lower risk ,while luckier and can be more profitable.
Posted by enning22 > 43 minutes ago | Report Abuse
it is wrong to say malaysian investors are not bullish on plantation stocks, but many prefered to buy lower prices companies ,like fgv, jtiasa,sime plant , boustead plant etc. Among these people is kyy. But alas, kyy listed those low price stocks ,we see these to be mismanaged ,and give low monthly cpo production. Still may be , more lower risk ,if luckier and be more profitable.
Read very carefully the Heading
I say ANALYSTS Not Investors as a Whole
If really bullish the Analysts will rush head over toe to Upgrade Palm oil one by one
Bro calvin, u are indeed passionate in research palm oil industry & writing good info on palm oil, better than those lousy IB analysts & media. You are 'Guru of Palm Oil'. Keep it up the good work! I agreed with u that Palm Oil Super-Bull-Run 2022-2023 [CPO 6,000-8,000 or more]. I believe this round Palm Oil Super-Bull-Run will create many millionaires...[For those retailers whom can foresee & expecting palm oil stocks rise 100%-500% or even more}
"The increase in oil prices also boosted palm oil prices, but the government is still providing subsidised one-kilogramme packs of palm oil at the retail price of RM2.50 per pack, although according to the current market price, it is worth closer to RM10,” Johan said
Just bought 5kg cooking oil at RM29 last week. I was reading somewhere gov was controlling the cooking oil price until March and will give new price later. I am pretty sure gov was subsidising the cooking oil price.
Hi Uncle @calvintaneng, just balance the view and answering @Sslee question. As Malaysian, I am happy both O&G and Palm Oil doing well..Regards
1 minute ago
This is what SSLee wrote
Who is actually subsidized retail cooking oil and your pump price at petrol station for diesel and petrol?
5 hours ago
This is the answer by Bernama
KUALA LUMPUR, March 22 (Bernama) -- The government will continue to protect the people from the impacts of a sharp rise in inflation by continuing to provide subsidies despite rising global oil prices resulting from the Russia-Ukraine war.
National Budget Office director Datuk Johan Mahmood Merican said this was the government's commitment which also took into account the fact that the country is still in the early stages of recovery from COVID-19’s impact.
“The government is maintaining the current subsidy policy to protect the people from price increases and disruptions to the food supply chain, even though the cost for the subsidies has increased considerably,” he said.
Johan said this on Bernama TV’s Ruang Bicara programme titled ‘JaminKerja and Semarak Niaga for Keluarga Malaysia’ aired last night.
He said the unrest between Russia and Ukraine saw oil prices spiking to more than US$100 per barrel, while Budget 2022 prepared by the government was based on the projected or assumed oil price of US$67 per barrel.
He added that currently, Malaysians can still enjoy the RON95 oil price of RM2.05 per litre, which is one of the lowest prices compared to oil-producing countries such as Saudi Arabia as well as neighbouring countries.
Without the subsidy, the oil price is already touching RM4 per litre.
"The increase in oil prices also boosted palm oil prices, but the government is still providing subsidised one-kilogramme packs of palm oil at the retail price of RM2.50 per pack, although according to the current market price, it is worth closer to RM10,” Johan said.
Apart from that, he said the government had also maintained the price subsidy for chicken and eggs at the cost of more than RM500 million for a period of four months to stabilise prices, thus controlling the inflation rate.
Meanwhile, Johan said the government is confident that it will be able to achieve the projected gross domestic product (GDP) growth rate of 5.5-6.5 per cent as well as create 600,000 jobs through the JaminKerja initiative this year.
He pointed out that last year, 560,000 jobs were created despite the high number of COVID-19 cases and fatalities.
He noted that the unemployment rate had dropped to 4.2 per cent in January 2022 from 5.3 percent in May 2020, a positive indicator all around.
Johan also lauded the Short-Term Employment (MySTEP) programme which provides training and placement in the public sector and government-linked companies (GLCs), saying that the programme provides meaningful work experience and improve employees' skills, helping them to land a job once the contract expires.
“Although employment in this programme is temporary or contract-based, it allows graduates, school leavers and the lesser-abled to earn higher salaries in subsequent jobs because they already have experience with reputable companies or organisations," he said.
The RM1.8 billion MySTEP programme initiative offers 80,000 contract employment opportunities -- 50,000 in the public sector and 30,000 in GLCs and their strategic partners.
Johan also said that with the country entering the transition to the endemic phase on April 1, all economic sectors, including the tourism sector, will be able to boost their business activities with help from the government through the various aid facilities.
Correction: 1 Kg polybag of Palm oil subsidies priced at RM2.50, not 1 litre. Usually control per purchase of only 3 bags. During last CNY, very difficult to find even 1 bag..no plan to stop this subsidies as reported.
In year 2020 early in the glove bull I set Target price for Supermax at Rm3.00(bought at Rm1.73)
Later changed to Rm4 Then Rm6 Then Rm10
After that all targets broken and Supermax shot up to Rm24.44 peak cycle
So this round if palm oil goes in tandem with sunflower, canola and soyoil plus it's biodisel goes up with surging crude oil prices there is also no telling or forrcasting how high all palm oil shares will eventually rise to
"The increase in oil prices also boosted palm oil prices, but the government is still providing subsidised one-kilogramme packs of palm oil at the retail price of RM2.50 per pack, although according to the current market price, it is worth closer to RM10,” Johan said ----------------------------- this is fake or outdated news . Local market is sell cooking oil at 30 ringgit per 5 kilo pack. so call 10 rm per 5 kilo pack was ancient history.
Below should be latest info: On July 27, the government set the maximum retail price for pure palm cooking oil in bottled packaging effective August 1, with a guarantee that consumers will get cooking oil below RM30 for a five kilogramme (kg) bottle.
The maximum price of a 5kg pure cooking palm oil is RM29.70; 1kg bottle (RM6.70); 2kg bottle (RM12.70); and 3kg bottle (RM18.70)
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....
Posted by calvintaneng > 2022-03-26 13:39 | Report Abuse
imvestor77 first to click likes
So few likes palm oil can only mean there is still lots of upside for palm oil bull run in Malaysia