The Malaysian Palm Oil Board stated that with the decline in production and the increase in demand, Malaysian palm oil depots have been normalized again. The three major sellers of palm oil in Malaysia-China, India and Pakistan, currently have new low inventories. I believe that while the economy is recovering, demand will continue to grow.
At the same time, the Malaysian Palm Oil Board remains optimistic about future palm oil prices. The Malaysian government will continue to maintain good diplomatic relations with palm oil importing countries.
#Tanhboon More analysts have been making Buy calls for plantations —, 08/09/2020 10:22 AM
%Tanhboon Cpo RM2000/Ton. Tdm. 18 sen Cpo Rm3200/Ton. Tdm. 43 sen Cpo. Rm2900/ ton. Tdm 23 sen ?? Upswing .......,,,40 sen tp .... 08/09/2020 10:24 AM
Plantation will be the next interesting sector after Gloves. We are going to India, Europe and China. Once the FCPO rebound above 2850 (Nov contract), then will be confirmation that FCPO continue strong bullish. Around Noon yesterday it just touches 2850 before dropping. These few days will determined if FCPO give a solid breakout above the resistant line or not.
According to analyst report, buying will continue from India / Europe / China due to overall supply stock lower in Malaysia and demand is increasing with festive season consumption.
Today FCPO breaches Nov 2020 Contract RM 2800. It even go as high as RM 2882 before settling down and closed at RM 2870
This is very interesting development. Once it breaks RM 2900 R2, if we follow the up-trending projection, FCPO may be hitting 3100-3200 range pretty soon. In 2008, it was above 4000.
The lack of workers has plagued Malaysian growers for years. Despite incentives like free housing, electricity and social amenities, locals shun the labour intensive process of harvesting palm fruit, pushing the industry to employ migrant workers from Indonesia, Bangladesh and India. Dependence on foreign labour is now more than 80%
FCPO (RM2,871, +67) ended higher on Tuesday, snapping a two-day losing streak and climbing as much as 3%, tracking sharp gains in rival soybean oil, although concerns over rising September production lingered. Lower Ringgit, sharply higher palm olein and bean oil on Dalian and improving Sept export outlook provided the lift to palm futures to locking in 66 points. Market participants are now waiting for supply and demand data from the Malaysian Palm Oil Board on Thursday. A Reuters survey forecast August stockpiles rising 5% to 1.79 million tonnes from July. Support and resistance of FCPO to be seen at 2800 and 2920.
Come Friday, all Plantation stock will move,,, all green
Mickey Mouse is totally run of idea Every day parroting same cerita He will face the same fate like in Armada When the tsunami happens he will be MIA...
This is how life in North Sea where Armada is operating at Kraken. The Group reported 2QFY20 core net profit of RM108.2m (+20.5% QoQ) on the back of RM606.8m (+9.8% QoQ) revenue. This was mainly due to strong uptime and performance of FPSO Armada Kraken.
I'm holding tight to my Armada, just like I'm holding tight to my TDM.
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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....
Mikecyc
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Posted by Mikecyc > 2020-09-07 09:01 | Report Abuse
Referred to FY20 (Q2):
a) Financial assets
.
Trade and other receivables 45,659,000
Cash and bank balances 137,857,000
total = 183,516,000
b) Financial liabilities
Loans and borrowings 472,097,000
Trade and other payables 184,179,000
Lease liabilities 58,378,000
total = 714,654,000
a) - b ) = ( 531,138,000 )
High risk...