It has very, very low likelihood of going down much more, becos it is now already hovering around rock bottom range. Due to its not so good recent financial performances.
OTOH, with current surging CPO, it is well placed for a good performance turnaround.
Plus also, it is profoundly loaded with value, in terms of assets.
Indian has refiners which need to run almost 24 hrs to cover the cost of refinery.. Where could they get big supply.. Only Indon & Msia.. Doing business with Indonesia is not easy.. Esp this kind of business.. A lot of cheating in the specs.. So the Indians are trying to play game only...
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BountyOfTheBourse
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Posted by BountyOfTheBourse > 2019-11-15 02:18 | Report Abuse
New CPO deals signed with supply chain managers from India & China
https://www.freemalaysiatoday.com/category/nation/2019/11/14/minister-downplays-indian-boycott-after-latest-palm-oil-deal-signed/