Just wait for 'Teck Guan is hopeless' soon! Anyway, i was abit taken aback why Grandpa Koon would promote Teck Guan in the first place! For me, i look for who has the biggest palm bank! That's why i put some in FGV!
Uncle Koon, don't tell me you didn't take all these info into account when you bought / promoted Teck Guan? Please don't mention any of my golden selection cos the price will see a spike up and then sharp fall as with all you have touched
This company is related to palmoil business, eventhough its plantation is relative small but its other aspect of the palmoil business are very strong like its Mills and its palmoil marketing & trading business and most of its big profit come from here.
As long as cpo price remain high, you will see this co wii churn in high profit every qtr.
Type Announcement Subject MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER) Description
PRODUCTION FOR FEBRUARY 2022
Pursuant to paragraph 9.36 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Teck Guan Perdana Berhad is pleased to announce the production figures of the Group for February 2022 as follows: PRODUCTS PRODUCTION AMOUNT (Metric Tonnes) Fresh Fruit Bunches (FFB) 884 Crude Palm Kernel Oil (CPKO) 2,987 Palm Kernel Expeller (PKE) 3,274
This announcement is dated 30 March 2022
If you look into their monthly production figures you should know their FFB production is very small. The last quarter profit is from their Palm kernal crushing plant. Teck guan buy kernal from palm oil mail and crush the palm kernal into CPKO and PKE for selling.
2 Apr he post "Teck Guan is leading the way", his follower might go in after this article, then 6 Apr he post "Teck Guan profit growth is limited"....except somewhere in Holland, not sure where his followers will landed.
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....