4 people like this.
8 comment(s). Last comment by stockraider 2022-08-09 16:05
Posted by skoh888 > 2022-08-07 14:02 | Report Abuse
@anthony....Hi bro, hope you are having a nice Sunday afternoon sipping your favourite beverage!
Posted by anthonytkh > 2022-08-07 14:09 | Report Abuse
Too early for both our favourite beverage!
Posted by StingRay > 2022-08-07 14:12 | Report Abuse
looking good but will be a bumpy ride for TSH for now. make sure you put on your seatbelt. hahaha.
Posted by skoh888 > 2022-08-08 10:36 | Report Abuse
CPO futures up over3% and trading above RM4000 again. Let's see if plantation stocks get a bid
Posted by Raymond Tiruchelvam > 2022-08-09 01:55 | Report Abuse
Nice article, but basic economics of demand (pretty much same), supply (will be higher in coming good season months) and substitutes (conola, soy etc), will play in key role in the pricing mechanism. The fact remains that CPO companies will show bumper profits in the Q2 announcements, and hope this will help bump up the prices a little at least in anticipation of continued profits which will be tough. If the price can hold above RM3,500 till year end, that alone will be a bonus. Happy hunting ..... boys
Posted by skoh888 > 2022-08-09 09:59 | Report Abuse
Hi Raymond hope you are doing well...yes it's a tough space to be in( plantation stocks) since we are still grappling with peak earnings. Probably easier to just long a CPO contract than to buy plantation stocks
Posted by stockraider > 2022-08-09 16:05 | Report Abuse
Now above Rm 4,000 better margin mah!
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Posted by anthonytkh > 2022-08-07 13:57 | Report Abuse
Heh, my remaining 92.3k TSH units @ avg 1.065 is still a test of patience for me. Thanks for the article, buddy