INDONESIA CUTS 2020 PALM OIL EXPORT OUTLOOK BY 12%
5/20/2020
Jakarta, May 20 (Reuters) - Indonesia is likely to export 12% less palm oil in 2020 than previously expected, an official at the country's Estate Crop Fund (BPDP), a government agency in charge of collecting and managing palm oil export levies said on Wednesday. "Right now, it is rather difficult to export as some countries are in lockdown," Fajar Wahyudi, head of the fund disbursement division at BPDP told a virtual briefing.
"We project that there will be a decline in palm oil exports by more or less than 12% (than previously expected)," he said.
Demand is expected to be weak in 2020 as Covid-19 has negatively impacted the HORECA segment. Mistry added the current high vegetable oil import to India is mainly due to replenishment of the current low pipeline.
>> Additionally, Mistry also expects the Indian government to increase import duties on palm oil by 5% to 10% within the next few months — a measure designed to provide additional revenue to the Indian government and also support local vegetable oil produces.
>> Additionally, Mistry also expects the Indian government to increase import duties on palm oil by 5% to 10% within the next few months — a measure designed to provide additional revenue to the Indian government and also support local vegetable oil produces.
-Mikecyc haha a con always a kon .. 03/08/2020 10:56 AM
-Mikecyc Diving at 0.235 platform ke .. haha 03/08/2020 10:57 AM
Plantation 31/7/2020 a Hammer has been formed, hence we should be looking at a potential to rebound this week...Oct - Nov. FCPO prices is expected to hit $2890 per tonne.
I'm waiting patiently for my subsequent collection at 22 sen...
+GoldenHarvest1 too frequent aircraft crashes in the last year or so also mabel
both also involving the new latest airbus aircraft
one in indonesia the other in nigeria or somewhere around there
I've had it with flying now
no more
I'll just stick to road or rail transport from now on 03/08/2020 10:06 AM
+GoldenHarvest1 sorry typo
not Airbus but Boeing 737 MAX 03/08/2020 10:19 AM
Noted GoldenHarvest1,
Our ECRL Project is on scheduled. This works involved a list of companies under Mabel Visit Malaysia Year Program Boutique and Mabel Digital Economy Boutique such as Mabel Construction, Mabel Properties, Mabel Steels, Mabel Technologies, Mabel Telco and Mabel Banking. Soon the journey on East Coast will be a pleasant and pleasurable journey.
It will run through 20 stations from Kota Baru to Kuala Terengganu, Kuantan, Mentakan, to Jelebu, Bangi/Kajang, Putrajaya Sentral and onto Port Klang. All 6 Mabel Properties companies have big land bank along HSR and ECRL routes and Profitable. These companies are part of Mabel Inc Visit Malaysia Year Program.
Mabel Construction Gadang Holdings Bhd’s wholly-owned unit Gadang Engineering (M) Sdn Bhd has secured two contracts worth a combined RM81.18 million from China Communications Construction (ECRL) Sdn Bhd in respect of the East Coast Rail Link (ECRL) project. Soon another Mabel Construction company AZRB will join forces with Gadang.
ECRL will passed through TDM and FGV Plantations as it cruises at 160 km/h.. Soon all properties along the ECRL will also appreciate in price. Mabel Battleship T7 Global whose headquarters in Kemaman will also benefits from ECRL.
The ECRL is scheduled for completion for the East Coast Rail Link (ECRL) is December 31, 2026, would have 640km rail network linking Kota Bharu to Port Klang. The RM44 billion rail project is expected to cut travel time between Kota Bharu and Putrajaya to just four hours.
It will be romantic ride to the East Coast. Likewise, it will provide the same experience when HSR is ready for those who want to travel down under
CPO price has recovered from its correction with the gap up this morning and currently trading at the level of 2700ish. Yet, the Counters such as JTIASA, RSAWIT and TDM which are positively correlated with the CPO price... haven't shown movement. Looking at the volume, all 3 counters are still quite low.
Looking to the technical side:
All 3 currently offering reasonable risk and return
*Jtiasa = currently trading at 0.59 (support at 0.580) - resistance 0.695
While
*Rsawit = Currently trading at 0.295 which is also its support (second support at 0.280) - resistance 0.340
while
TDM = currently trading at 0.235 (support at 0.215) - resistance 0.29
I found that on today's trading day only TAANN that follows the recovery movement from the CPO price ( the volume is quite big)
Bargain because market hasn't realised yet or market is still waiting and doesn't want to take risk?
Or Because most of the Investors are still busy with Gloves and Health Care counters...
Among the glove-making behemoths, Top Glove Corp Bhd rose as much as 3.79% or 98 sen to RM26.86 before paring gains to RM25.88, bringing it a market capitalisation of RM72.07 billion. It was the sixth top gainer on Bursa this morning. The counter also saw some 9.68 million shares exchange hands.
Hartalega Holdings Bhd rose as much as 88 sen or 4.34% to RM21.16 before paring gains to RM20.88, placing it as the 10th top gainer on Bursa and valuing it at RM71.57 billion, after some 8.17 million shares were traded.
Supermax Corp Bhd rose as much as RM1 or 5.41% to RM19.50 earlier today before paring gains to RM19.34 at the noon break, valuing it at RM24.95 billion. The counter saw about 11.71 million shares exchange hands. It was the fourth top gainer on Bursa.
Meanwhile, Kossan Rubber Industries Bhd climbed as much as 66 sen or 3.75% to RM18.26 earlier before paring gains and closing 50 sen or 2.84% higher at RM18.10, bringing it a market capitalisation of RM23.1 billion. The counter saw about 3.62 million shares done.
Please read what I wrote regarding the forecast. I was being honest and transparent...
TDM issues has been factored in the current price...hence I'm not worried. In fact I'm waiting at 22 if it continue to drop..
Palm oil is palm oil...It the same oil that can be extracted from any of my 11 Plantations. As long I can feed 3 billions in 200 countries across the Globe, I should be happy..
BTW, how's your HLT?
I heard Madam Wong dispose her share...
How come you also get scolded in that forum too?
That's why I told you to quit smoking that cigars....it's not helping you to think straight...
KUALA LUMPUR (Aug 3): Only three out of the 30 component stocks chalked up gains today, indicating the selling across the blue chips, amid mounting concern over the likelihood of a fresh wave of Covid-19 infection after the relaxation of the movement control order despite the low daily new infection figure.
Mabel Top Glove Corp Bhd, Mabel Hartalega Holdings Bhd and Mabel KLCC Stapled Group Bhd are the only three component stocks that are in the green. Top Glove soared 3.86% or RM1 to a new peak of RM26.88, valuing it at some RM72.69 billion. Meanwhile, Hartalega gained 1.09% or 22 sen to RM20.50, giving it a market value of RM70.27 billion. KLCC Stapled Group went up 1.28% or 10 sen to RM7.90, valuing it at some RM14.26 billion.
There were 663 decliners across the board, outnumbering 426 gainers with 417 counters unchanged.
Meanwhile, its healthcare division under Kumpulan Medic Iman Sdn Bhd manages four specialist hospitals, which offer affordable healthcare services.
The four hospitals are Kelana Jaya Medical Centre in Selangor; Kuantan Medical Centre in Pahang; Kuala Terengganu Specialist Hospital and TDMC Hospital in Kuala Lumpur.
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
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: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
MQ Trader 158 views | 18 h ago
0:17
New IPO: An enterprise IT solutions provider that provides implementation services, maintenance, support and professional services, Vetece Holdings Bhd aims to list on the Ace Market!
MQ Trader 406 views | 4 d ago
0:17
New IPO: A manufacturing and trading of biomass fuel products, particularly PKS and wood pellets company, Elridge Energy Holdings Bhd aims to list on the Ace 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....
GoldenHarvest1
2,693 posts
Posted by GoldenHarvest1 > 2020-08-03 07:36 | Report Abuse
heh heh heh
was just kidding around mabel
me have my own chopper? umm doesn't look so likely anytime soon
I'm not in that league yet mabel
very probably not ever