LISTEN SINGAPOREAN THE LAND WITHOUT PALM OIL YOU SHOULD INVEST IN GENTING 3182 NTA=RM8.26 BECAUSE WHATS THE POINT OF MONEY IF THERE IS HYPERINFLATION BETTER TO YOLO ON THE CASINO TABLES GO BIG OR GO HOME OF COURSE THE CASINO ALWAYS WINS BUT SOMETIMES YOU MAY WIN RM5 MIL !
The political landscape is totally different from 40 years ago. If one follow closely the political developments in Malaysia will surely know the risks. In future the casino would totally transformed into a theme park only.
PAS can close down the theme park if they capture Pahang state, but they cannot close down the Casino which is located in KL side, unless they win the federal by themselves. Lim Goh Tong already talked about this in his book when they decided where to build the casino.
How low is the students geography standard? It is even more unfortunate if someone is a Malaysian. The education system urgently need to be improved, seriously. -------------------------------------------
Posted by OldWiseMan100 > 3 minutes ago | Report Abuse
Genting Casino is located in KL side, the theme park is located in Pahang side.
Quote: "Genting Highlands is a hill station city located on the peak of Mount Ulu Kali in Malaysia at 1,800 meters elevation. A large portion of the area is located in the state of Pahang, and another small portion is located in the state of Selangor. It was established by the late Chinese businessman Lim Goh Tong in 1965."
Do you even read? I read the Lim Goh Tong book and in it, he mentioned they purposely build the Casino on Selangor/KL side and the Theme Park on Pahang side.
How low is your IQ? Do you even read books? Or just Facebook?
Is Palm oil food? I think Palm oil is an ingredient in food preparation; there are other alternatives to Palm oil.
Interesting article of without fuel, no food can be prepared. https://klse.i3investor.com/blogs/kianweiaritcles/735271.jsp Extract from the article: #"Nearby, a long queue had formed in front of a shop selling cooking gas cylinders, the prices of which have soared. "Only about 200 cylinders were delivered, even though there were about 500 people," said Mohammad Shazly, a part-time chauffeur who said he was standing in the line for the third day to be able to cook food for family of five. "Without gas, without kerosene oil, we can't do anything," he said. "Last option what? Without food we are going to die. That will happen hundred percent."#
I would not take any side, both are equally important. There are always alternatives, due to human ingenuity, most problems can be solved.
CPO Price May Have Peaked, Correction Imminent — Public Investment Author: edgeinvest | Publish date: Fri, 20 May 2022, 4:27 PM
KUALA LUMPUR (May 19): Malaysian crude palm oil (CPO) prices may have peaked as production is seen picking up in Malaysia while demand is expected to be soft in the short term and as Indonesia’s ban on palm oil exports is anticipated to be short-lived, according to Public Investment Bank Bhd on Thursday (May 19).
"A correction for CPO price is imminent. Edible oil prices, which have been soaring since February  due to geopolitical tensions and the recent ban on palm oil exports by Indonesia, could correct by up to 20% if there is no further setback,” Public Investment analyst Chong Hoe Leong wrote in a Thursday note.
Chong thinks the CPO prices have peaked and expects to see correction in the next three to six months.
Palm oil outlook is good . So is crude oil . Both are the basic necessities in life and not much you can cut . Crude oil fundamentals are the same as palm oil eg ESG/ climate change curtailed new investment, war and sanctions disrupted supply and logistics etc. oil price will stay high for a while benefitting upstream producers. Refinery margin is 3-4 times higher than the average of last 10 years ! I stay invested in palm oil as well as crude oil . The return from both are fantastic and mid term future are equally good .
Very good writeup, thank you Calvin and Sslee for your sharing With sanctions imposed on Russia by the West and OPEC refuses to increase production thus causing the oil price surge. However, high fuel prices eventually leads to lower consumption, less people can afford to move around so high oil price cannot last long. Look at Sri Lanka, no more petrol available but the people can still survive as long as foods are still available.
@Goldberg Sorry, you miss out a paragraph as below:- "Nonetheless, Chong said the research house has previously underestimated the extent of the global vegetable oil supply shortage, which resulted in a rally across the commodities. As such, Chong has revised his 2022 CPO price forecast higher from RM4,300 a tonne to RM5,000 a tonne but maintains his 2023’s forecast of RM3,800 a tonne." ----------------------------------------- The writer admitted that they previously underestimated the extent of the global vegetable oil supply shortage. How likely they will not underestimate again? Let's wait and see.
People will cut back on cooking oil and palm oil products (eg magarine,cakes,biscuits) whose prices have risen subsantially too (demand destruction), so I don't see the bull run continuing for too long. However CPO prices will probably remain elevated for some time. As for crude oil, my guess is that prices will stay up for a while too. Both were/are supply side issues.
Increasing crude oil production and increasing refining capacity is not so simple and quick as you may think. Serious lack of new investment in exploration and new field over the last few years due to global warning pressure from all fronts couple with aging existing field will see supply to be tight for years. Oil companies are reluctant to step up capex due to the uncertainty of global warning backlash. Same goes with refining. I am heavily invested in palm oil . I like crude oil too, especially the refining segment. Both pays off very handsomely .
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 > 2022-05-19 22:44 | Report Abuse
Crude oil will fall due to recession slow down demand while food still need to be eaten daily in bad times
Sell Oil & Gas stocks that have rallied & switch to Palm oil now
Or crude oil might end up badly bruised like Tech stocks