Posted by Mikecyc > 2020-10-01 08:49 |

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Posted by Mikecyc > 2020-10-01 08:50 | Report Abuse

Refer to MPOB : 2020 Jan to August

export to U.S.A is 387,347 MT

export to China is 1,842,142 MT vs 2019 1,395,697 MT : + 32 %

export to India is 1,176,274 MT vs 2019 3,597,563 MT : - 67.3 %

export to Europe is 1,341,780 MT vs 2019 1,419,722 MT : - 5.5 %

Posted by Mikecyc > 2020-10-01 08:50 | Report Abuse

Scary figure ...

Posted by Mikecyc > 2020-10-01 08:53 |

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Posted by Mikecyc > 2020-10-01 09:00 |

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Posted by Mikecyc > 2020-10-01 09:02 |

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Posted by bulldog > 2020-10-01 09:18 |

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Posted by Mabel > 2020-10-01 09:18 |

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Posted by bulldog > 2020-10-01 09:18 |

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Posted by VolatileIsMyGold > 2020-10-01 09:36 | Report Abuse

Uptrend resuming

Posted by VolatileIsMyGold > 2020-10-01 09:36 | Report Abuse

Very good

Posted by Mabel > 2020-10-01 09:41 | Report Abuse

Indeed..

8 of my Plantation is very Green today. So the Industry is still intact.

Only FGV, IOI Corp and Sime Darby is RED.

IOI and Sime Darby could turn green by end the day.

FGV took the biggest HIT!

https://www.theedgemarkets.com/article/fgv-disappointed-over-cbp-decision-says-has-been-taking-steps-2015-address-issues

Management better act fast to restore Industry confidence. TS did well in the recent TG Ban fiasco with the US.

Long Live Sawit!

Meow

Posted by Mikecyc > 2020-10-01 09:47 |

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Posted by Mikecyc > 2020-10-01 09:48 |

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Posted by Mikecyc > 2020-10-01 09:49 |

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Posted by Mikecyc > 2020-10-01 09:50 |

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Posted by Mikecyc > 2020-10-01 09:52 |

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Posted by Mikecyc > 2020-10-01 09:52 |

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Posted by Mikecyc > 2020-10-01 09:55 | Report Abuse

wah KLK is the worst ..

Posted by Mikecyc > 2020-10-01 10:02 |

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Posted by Mikecyc > 2020-10-01 10:07 | Report Abuse

wah KLK manyat turun lah .. teruk lah .

Posted by Mikecyc > 2020-10-01 10:09 |

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Posted by Mikecyc > 2020-10-01 10:13 |

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Posted by Mikecyc > 2020-10-01 10:23 |

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Posted by Mabel > 2020-10-01 10:28 |

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Posted by Mikecyc > 2020-10-01 10:51 |

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Posted by Mikecyc > 2020-10-01 10:51 |

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Posted by Mikecyc > 2020-10-01 10:52 |

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Posted by Mikecyc > 2020-10-01 10:54 |

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Posted by bulldog > 2020-10-01 10:55 |

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Posted by bulldog > 2020-10-01 10:56 |

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Posted by bulldog > 2020-10-01 10:57 |

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Posted by Mabel > 2020-10-01 11:53 | Report Abuse

@Mikecyc wah KLK manyat turun lah .. teruk lah .
01/10/2020 10:07 AM

KLK was the biggest plantation gainer last week. So when some plantations are so red, people took profit and move their fund here or elsewhere.

I collected two batches of FGV this morning. Now put another queue' Let see how far it go down this time.

TDM still intact...

Meow

Posted by Mabel > 2020-10-01 11:59 | Report Abuse

@Mikecyc haha why only comparatively small plantations is Green but the Big Plantations is Red ...
01/10/2020 9:47 AM

Yes..First TOPGLOV now FGV. From the report, FGV is aware of the issues. They have started to address the issues since Aug 2019. FGV issued a statement over the weekend outlining its commitment to human rights, including steps it was taking to make sure its workers have access to their passports and wages.

Ironically we are still hit. Why target Malaysia? Maybe they thought can bully Malaysian for being too friendly with China. In their country, Muslims are terrorists but in other countries they try to act saviour to all Muslims. US says it will block palm oil from large Malaysian producer. The impact is huge. It impacts not only the volume FGV export to US. FGV also selling to other palm oil companies like Sime Darby, IOI, KLK etc. This may result in other companies forced to suspend buying from FGV. Even many companies in China or India are owned by US companies and may suspend buying too.

However in the latest updates...

Quote

CBP said it was not able to share total imports by FGV but that the ban "will not have a significant impact on total U.S. imports of palm oil and palm oil products."

There have been $147 billion worth of U.S. imports of palm oil products since August 2018, CBP said in an e-mail.

UnQuote

CPO >RM 2700 not FGV benefits? Why down? Why CPO up even US ban? CPO imports not from US?

Moral of the story is USA wants to protect its Corn and Seeds Oil industries.

So just like TG, this is a temporary set back and FGV need to respond fast like TS Lim of TG did..

Meow

Posted by Mabel > 2020-10-01 12:03 | Report Abuse

There are several risks factors on any Plantation earnings estimates, price target and rating. Key risks to the palm oil sector are:

(i) weather anomalies resulting in poorer-than-expected output growth -Let's hope for a good weather the next coming 3 months.

(ii) lower than-expected CPO price achieved – On Target and currently CPO is still Up trending

(iii) negative policies imposed by import countries – Positive. The exemption of CPO export duty by the government of Malaysia till Dec 2020 will be positive for CPO exports (especially to India) and will help support CPO price which is expected to be under pressure in 3Q20 due to the anticipated stockpile build-up amid seasonal production recovery. Negative in US for FGV right now. It should not affect other company shipments.

(iv) unfriendly policies imposed by the Malaysian and Indonesian government on upstream or downstream segments – Already factored on India’s move to restrict the importation of refined palm oil*. This will result in quicker build-up of MPOB stockpile when output recovers from 2Q20, and cap CPO price upside

(v) sharply lower crude oil prices which makes palm biodiesel demand not viable – Brent has already breached USD 40

(vi) weaker competing oil prices (like soybean and rapeseed- On Target. Alternative Oil Prices is on the rise which make Palm Oil very attractive.


Meow

Posted by Mikecyc > 2020-10-01 16:18 |

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Posted by Mikecyc > 2020-10-01 16:19 |

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Posted by Mikecyc > 2020-10-01 16:22 |

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Posted by Mikecyc > 2020-10-01 16:25 |

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Posted by bulldog > 2020-10-01 16:30 |

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Posted by bulldog > 2020-10-01 17:47 |

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Posted by bulldog > 2020-10-01 17:47 |

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Posted by bulldog > 2020-10-01 17:48 |

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Posted by Mabel > 2020-10-01 18:56 | Report Abuse

Yes I'm holding tight.

In fact I collected more FGV today..

4 down 7 up..

The WRO does not have any material financial and operational impact on FGV Group

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3092680

Posted by Mabel > 2020-10-01 18:57 | Report Abuse

Mickey so happy today his MHC period is over today..

I'm happy too.. TDM also up today..

Soon it will be over like my Top Gloves..

Meow

Posted by Mikecyc > 2020-10-02 06:38 |

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Posted by Mikecyc > 2020-10-02 06:39 |

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Posted by Mikecyc > 2020-10-02 06:45 |

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Posted by Mikecyc > 2020-10-02 06:46 |

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Posted by Mikecyc > 2020-10-02 06:47 |

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