Don't think anything wrong with this counter. In fact I think it's a big bad bull. Hard headed and tough. When u got that much cash in the bank, in a boom sector and js got a clean slate for the new year... You can move anytime when you feel. In an up or down market, Pinepac has a value of not less than rm1.
The major shareholder is accumlating for general offer and controlling the price from going up. Look at notices to shareholders in november , december 2019 and january 2020. He now has about 8 months to show the business plan.
CPO futures to trend higher next week TheStar Sat, Jan 11, 2020 11:46am - 26 minutes ago
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trend higher next week on better demand following last-minute buying from the Chinese market ahead of Chinese New Year.
Singapore-based Palm Oil Analytics owner and co-founder Dr Sathia Varqa said exports to the country will drive higher supply in the near term.
"China needs to buy the crop at least next week because it usually takes 10 to 12 days for the commodity to arrive in the country before Chinese New Year on Jan 25, ” he told Bernama.
Furthermore, Sathia said the market sentiment was also supported by the finalisation of the phase one trade deal between the US and China expected to be signed soon.
"Supportive external event of US-China trade deal next week will give a positive momentum to CPO prices, ” he said.
For the week just ended, the market was mixed on weaker production as well as the reinstatement of the CPO export tax on Jan 1 and restriction on imports of refined palm oil and palm olein by India.
On a Friday-to-Friday basis, the CPO futures contract for January 2020 rose RM21 to RM3,131 per tonne, February 2020 expanded RM19 to RM3,145, March 2020 increased RM18 to RM3,134 and April 2020 added RM12 to RM3,110 per tonne.
Weekly turnover increased to 288,983 lots from 164,912 lots in the previous week, while open interest rose to 279,059 contracts versus 267,359 contracts.
On the physical market, the CPO price for January South gained RM20 to RM3,140 per tonne. - Bernama
PINEHILL PACIFIC's main business segments include oil palm plantations and milling operations.
Its earning performance has been overall fluctuating in last five years, whereby its earning per share overall fluctuated from -19.38 sen to -7.09sen, making losses in all of last five years. Under current development, the Company sold 3,641 hectares (Perak) of plantations to United Plantations Berhad. Subsequent to the completion of the disposal, the Company is therefore being classifed as an “Affected Listed Issuer”pursuant to Paragraph 8.03A of the Listing Requirements. Being an “Affected Listed Issuer”, the Company is subject to amongst others to regularise its condition within twelve (12) months and to notify the status of its regularisation plan on a monthly basis.
Hexza is another counter which will benefit from the virus outbreak.. Producer of alcohol and ethonol for medical disinfectant and mouthwash. Plus cash rich Co with high dividend yield
Pinepac can accumulate at these levels, remember it's a cash counter and with uncertainty lots of assets become cheap. Who holds cash is king.... Counter worth 70sen and above
Yes, I agree, you won't find a listed company with more than 70 sens in cash plus Plantation in Indonesia and selling for 33 sens only, it is like cheap sale in our stock market...
I dont think we will see any part of the 2.4million . The Anai - major shareholder has 7 months to collect enough shares to take Pinepac private. With that 2.4 million he can buy 6000 lots at current price of 40 sen.
All the remaning oil palm plantations are located in neighboring country. The price of oil palm oil there is much better than Malaysia. The share price of the company should have skyrocketed, to at least 70 cents a share, especially since the company has net cash of over RM120 million.
India export reduced 85 % , China export reduced 45 % , Europe export reduced 15% ,WHO said covid-19 vaccine only be ready in 18 months ( SARS 20 months ) .
Last year, the EU, under its Delegated Regulation Supplementing Directive 2018/2001 of the European Union Renewable Energy Directive II (Delegated Act), classified palm oil as unsustainable.EU RESTRICTIONS on palm oil base biofuels.
The worst is our palm oil estate do not have a typical FSC sustainable certification. It is not that still have what % of forestry.
Europe export will be further reduced to more than 15 % as 2019 Q4 GDP is reduced to 0.1%
>>> (brownfield land), UP will comply fully with its No Deforestation Policy and will also transform the Subject Properties to produce certified sustainable palm oil in accordance with the criteria of the Round Table on Sustainable Palm Oil (RSPO)”, said UP’s Chief Executive Director, Dato’ Carl Bek
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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....
investopology
1,978 posts
Posted by investopology > 2019-12-30 11:52 | Report Abuse
today 55c?