Excellent counter with 3 major customers, hence selling their products are very easy. More so , since the demand for CPO and E&E related products is on the rise. Expecting good Qtr results soon. Good cash flow and positive cash position .
The Directors anticipate the challenging environment to persist over the medium term. The management is continuously monitoring the manufacturing operational cost as well as expanding customer base to improve financial performance of this division. Barring unforeseen circumstances, the Management expects the results of this division to remain positive for the financial year ending 30 June 2017.
Plantation division
The performance of this division would continue to be driven by CPO price which is dependent on the world edible oil market and economic situation. There was addition of new harvesting area in July 2016, while the Management strives to improve crop yield for all harvesting area. Barring unforeseen circumstances, the Management expects this division to deliver profitable results for the financial year ending 30 June 2017.
negative sentiment won't last long. This week scope will fly again. Say what with good FA n good CPO demand in becoming fasting month plus export increment, in will go nowhere but upward with high possibility.
oil palm related counter shall be in focus as this quarter report we see a lot of oil palm counters making a lot of profit due to forex exchange and high price of CPO. We should see the demand picking up once the hari raya and expected this type of counter to spike at the end of month. Lets give a month break from this counter starting from last volume spike on 12 May 2017. Lets give a month at least or wait until t20 where contra players are flushing out by the syndicate.
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....
B4b4
7,597 posts
Posted by B4b4 > 2017-04-22 16:35 | Report Abuse
CPO prices still going up especially in EU