Best counter to accumulate on price pull back...integrated palm oil player...besides producing FFB,CPO + PK,company has its own palm oil refinery that produces RBD Palm oil,RBD palm olein and RBD palm sterin.And to top it up,company has its own fertiliser plant...so able to manage escalation cost of fertiliser plus able to profit from sales to other oil palm cultivators as well...
Many European nations are considering reversing a ban on palm oil, not just because of the shortage of sunflower and rapeseed oils, but also because Russia and Ukraine produce 70 per cent of the supplies.
It is a blessing in disguise for Malaysia when it comes to palm oil.
Many political and economic pundits are saying that European nations did not expect that they may have to reverse the ban on palm oil after all the allegations that Malaysia is one of the palm oil-producing countries that indulged in deforestation.
(April 5): Oil palm growing nations will continue to supply the tropical oil to Europe as consumers in the region switch to alternatives due to the shortage of sunflower oil, according to the Council of Palm Oil Producing Countries.
Buy and keep till year end maybe. Not for short-term, risky. CPO up 3% does not have effect, EU can suddenly says My uses force labour and choose other different oil like soybean. So this really for long-term, short-term maybe makan ketam can la...
kretam has good upside, looking at few factors 1) price upside still there (current price 61c is still the same as what it was in early Feb), 2) decent Q result of 1.97 eps, and assume x4 thats PE of 7.6x; 3) usd to rm exchange rate enables better earnings (as CPO sold in us$), 4) lower harvest dragged eps lower so had upside in next Q.... happy investing
A decade ago, Kretam ROE underperformed those of my 2 reference Bursa plantation companies – Bplant and KLK. But over the past 2 years, Kretam had caught up with them and even surpassed that of BPlant. https://www.youtube.com/watch?v=9KhboTCMdEg But I was dissuaded from digging further into Kretam when I found the following ROE vs price trend. https://i.postimg.cc/DyWybKnR/Kretam.png I think that the market had priced in the improvements. What do you think?
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Winstar Capital Berhad, a specialist in the extrusion of aluminium profiles and fabrication of aluminium ladders aims to list on the ACE Market!
MQ Trader 160 views | 23 h ago
0:17
New IPO: Topvision Eye Specialist Berhad, specializing in medical eye care services aims to list on the ACE Market!
MQ Trader 100 views | 3 d ago
0:17
New IPO: TMK Chemical Bhd, a provider of total chemical management of inorganic chemicals aims to list on the Main Market!
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....
maestro85
248 posts
Posted by maestro85 > 2022-03-04 12:08 | Report Abuse
definitely time to buy