@ skycity6888.. currently due to pandemic no plan to extend the operation area. For now, we are looking forward to do a JV with some other domestic counterparts, in Sabah area especially ..which has been discussed internally.
good observation @investory321.. but now the situation is different, since Musa Aman is no longer in power and these politician had learned their lessons after they failed previously, now they will be very careful in terms of getting "funds" from the local Company or committing any act of bribery..
Excellent result!!! A good turnaround from losses last year to huge profit this year with improved cash flow and reduce debt level at the same time...now let see whether company will announce how much dividend in next quarter
Currently IOI is aiming to buy kretam to increase their volume of CPO due to RSPO policies that aren't allowed any new land clearing for new planting..
i saw from IOI website they already has a refinery in sandakan, is it possible they will want to buy over kretam which also has a refinery located in sandakan?
Their refinery location is not suitable for long term due to it is close to the nearby housing area that could expose them with complaints from the village people... however, kretam refinery is located in the industrial area..which is expendable and they dont have biodiesel plant..but we do have it.
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....
Hillary8890_32
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Posted by Hillary8890_32 > 2020-09-15 11:28 | Report Abuse
@ skycity6888.. currently due to pandemic no plan to extend the operation area. For now, we are looking forward to do a JV with some other domestic counterparts, in Sabah area especially ..which has been discussed internally.