hmm...wouldn't really collect as it goes down...it won't suddenly reverse...it'll have a sideways move before rallying up i reckon....better time to collect then? otherwise,kinda costly even with cost averaging to keep collecting.
TDM's main business segments include oil palm plantations, milling operations and hospitals operations.
Its earning performance has been overall fluctuating in last five years, whereby its earning per share overall fluctuated from -4.48 sen to 3.66sen. The Group posted a lower Revenue and loss before tax of RM68.1 million in FY2018, due to depressed prices of CPO, one-off impairment charges related to its Kalimantan estate and foreign enxhange losses from fixed income investments. The dip in revenue contribution by its plantation business was offset to a degree by higher revenue from the Healthcare Division, which achieved revenue of RM209.6 million, representing a 14.3% increase over RM183.4 million in FY2017.
...... All the gorenging cannot dispute profits will go up due to CPO all time high and strong demand at least for 2020 or part of it. So back to 18c?... 32c? Calculated risks... Up to you.
Temporary situation only bc Indonesia does not hv enough supply to meet all of Indus ‘s needs , and after awhile when things cools down a bit ... then rally continues
India's recently implemented import restrictions are on REFINED PALM OIL only, commonly designated as 'refined, bleached & deodorised' (RBD) palm oil.
NO restrictions at all on 'crude palm oil' (CPO)
refined palm oil = product obtained from crude palm oil (CPO) AFTER undergoing REFINING process
Restriction on imports of REFINED PALM OIL implemented only to protect India's (food oils) refinery industry
So, India will still need to be importing crude palm oil (CPO) from Malaysia, to be REFINED in India. Or else, what (food oils) refinery industry is going to continue to exist in India? Refining what? Refining water?
Indonesian CPO is never going to be enough to meet India's immense palm oil needs, becos Indonesian CPO is mostly consumed internally in Indonesia itself. What with their latest implementation of B30 biodiesel taking up even more of their CPO produced.
You cannot have a viable & productive REFINERY industry - whether refining petroleum crude oil, or palm crude oil (CPO) - without having a sustainable & reliable supply of the crude oil for you to REFINE.
An average food oils refinery in India is very likely at least 20 times bigger than an average food oils refinery in Malaysia, due to the much bigger target consuming population. So they would be costing like several hundred US$ million each to build, if not a few US$ billions.
So, they need to be continuously operating & producing refined oils, in order to recoup their initial capital outlay.
And how could they be doing that, if they do not have enough supply of the crude oil - in this case crude palm oil (CPO) - for them to be REFINING?
This is the correct news. Restriction is on REFINED palm oil only, not on crude palm oil (CPO).
Anything other than the above is hearsay, confusion-triggered, fabricated, fake news.
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Posted by WealthSoWonderful > 2020-01-14 15:14 | Report Abuse
Recovering soon