Yesterday only 4 of the Mabel 11 Plantation was RED. These 4 Plantation are the Blue Chips Plantations and they include Sime Darby, KLK and IOI Corp. Palm oil plantation shares fell at the closing bell. Shares in the world's largest palm giants FGV plunged 8.7%, while Sime Darby Plantation tumbled 5.2%..
The US CBP is checking our Plantations to protect their Corn and Soya Industries while our Malaysian politicians are too busy. Really Miss my Sister Teresa Kok...
USDA reports large declines in U.S. grains stocks, lifting prices for soybeans, corn and wheat.
Published: Sept. 30, 2020 at 1:00 p.m. ET By Myra P. Saefon
The U.S. Department of Agriculture on Wednesday reported big declines in U.S. stocks of soybeans, corn and wheat from year-ago levels. The Grain Stocks report showed U.S. soybean stocks at 523 million bushels, down 42% from Sept. 1, 2019. Corn stocks were down 10% from a year ago at 2 billion bushels and all wheat stocks were down 8% at 2.16 billion bushels, the USDA data showed. The report revealed "unexpectedly large declines," leading to a rally in prices for the grains, said Sal Gilbertie, president and chief investment officer at Teucrium Trading. November soybeans SX20, +0.07% traded at $10.26 a bushel, up 33 cents, or 3.4%. December corn CZ20, +0.85% added 16 cents, or 4.4%, to $3.80 3/4 a bushel and December wheat WZ20, -1.42% added 30 1/2 cents, or 5.5%, to $5.80 a bushel.
@Mikecyc Haha Lari Lari Lari dari Plantations loh ... 02/10/2020 7:10 AM
Run and miss the fun?
Remember Top Gloves? When TG Shares plunge, I did not run. I collect more. TG and her 3 Fantastic Four sisters has been great to me..
Studies have shown that more than 90% of the investors including professional lose money in the stock market. Under such a discouraging investment climate, I would like to share with you my winning strategy.
Covid 19 pandemic is affecting everyone’s movement, businesses and all listed and non-listed companies. As a result, the demand for gloves far exceeds supply and all the glove manufacturers are continuously increasing their selling prices to make more and more profit. The additional selling price is pure profit because it does not involve production cost. That is why each of the glove stocks has shot up a few hundred percent in the last 6 months. As long as the Covid 19 pandemic is still not under control, the demand for gloves will continue to exceeds supply and all the glove makers will continue to make more and more profit. Many scientists predicted that the pandemic will not be under control for at least 1 or more years despite the discovery of the vaccine.
Hence any prudent investors should have glove stocks and wait patiently to maximise profit. You should only sell your glove stocks when the glove companies start to report reduced profit. You should not sell as long as the glove companies continue to report increasing profit in every quarter.
The same with Plantation. We are dealing with an industry that is feeding more than 3 billion people across 200 countries. My view is very little downside. Yes, the danger could be my bigger plantations like Sime Darby, IOI and KL Kepong. All use the same labor practice.
This is an industry that is affecting many farmers and our country. Surely more action is installed in the pipeline. As long you dont sell you dont lose anything. Plantation and Healthcare are two industry that I view as part of giving back after gaining so much..
That's why I told you many time not to hang out with Chicken...
Top 10 reasons why Palm oil stocks will go into a bull run
1. China hit by 3 massive typhoons in its North-West. Heilongjiang the bread basket of China has been flooded. It's soybean crops are destroyed
2. As a result China must buy soybean from USA
3. Last year China swine fever wiped off many pigs. Soybean is also needed as feed meal for pigs
3. US now in drought as soybean production is less.
4. Argentina and Brazil soybean crops won"t be ready until Feb 2021
5. So with increasing demand and dwindling supply soybean prices are rocketing upward
6. Soybean going up will pull up palm oil as their prices are co-related
7. India now will turn to cheaper palm oil as soyoil becomes too expensive
8. Malaysian palm oil stocks are depleting due to lack of Indonesia workers due to MCO Again less stock means higher prices
9. Last quarter result of March to May CPO prices were weak. Buy CPO prices have surged from June to August quarters so palm oil stocks are expected to report very good results in Nov 2020
10. Best of the best now in Sept 2020 soybean oil has almost reached Usd35.00 and Cpo future going to cross Rm3,000 barrier
All these converging factors will propel palm oil stocks into bull run just like coronavirus powered up medical gloves
Aiyo Europe is ban on deforestation .. now US is ban on force labour n child labour .. FGV is represent at least 25 % of Malaysia CPO monthly output per MPOB data..
Labouring over our foreign workers PLANTATIONS Friday, 02 Oct 2020
PETALING JAYA: Malaysian companies that are highly dependent on foreign labour need to strengthen their practices, as allegations have arisen about forced labour in the country.
More developed countries are placing emphasis on environmental, social and corporate governance (ESG) initiatives to measure sustainability and societal impact of businesses and are tightening their labour practices as part of the ESG measures, which previously focused more on environmental issues.
The new focus is having a telling impact on corporate Malaysia as the US Customs and Border Protection (CBP) agency has banned imports of palm oil and palm products from FGV Holdings Bhd following an investigation into claims that it uses forced labour.
The US agency said the ban was the result of a year-long investigation that “revealed signs” of forced labour by the world’s largest crude palm oil producer.
This comes on the heels of Top Glove Corp Bhd, the world’s biggest producer of rubber medical gloves, getting a detention order on its subsidiaries from CBP, also for alleged forced-labour issues back in July.
In 2019, FGV derived 5.3% of its total revenue from the US and Canada, Ng pointed out.
The bulk of its revenue, about 56%, came from Malaysia, 10% from India, 7% from Pakistan, 4.3% from China, 2.5% from Europe and 15% from other markets, mainly in Asia
>>EMPHASIS OF MATTER We draw your attention to Note 42 to the financial statements where various significant and material misstatements have been adjusted retrospectively in the 2018 financial statements. These errors have affected the financial position, results and the relevant disclosures of the prior years. Our opinion is not modified with respect to this matter.
note : Depreciation n amortisation is ( 20,836,000)
#Refer to FY20 QR1 ended March 2020 :
Revenue Profit/ ( Loss)
Plantations 57,120,000 ( 6,502,000)
Healthcare 61,915,000 3,008,000
#FY19 QR4 ended December 2019 :
Revenue Profit/ ( Loss)
Plantations 58,754,000 5,426,000
Healthcare 65,101,000 5,770,000
Note : Profit is reduced and become in Loss , and a lots of court cases , one court case is instructed to deposit RM 1.0 million as to winding up case.
>> note : Depreciation n amortisation is ( 20,836,000), Hospitals equipments n facilities is too Old .. sudden Huge amortisation although each years had done the amortisation .
Currently, high on my agenda are 4 sectors and they are sitting on Top 4 Position in my Business Plan for this year (KLSE and Nasdaq) Here are my Top 2 Sectors..
P1. Healthcare, I have a collection of 12 companies under Healthcare including Gloves Fantastic Four. My motivation is to contain Convid 19. One of them is the World No 1 Producer of Gloves and Malaysia is the World Largest Exporter of Gloves. TDM completes my Health Care collections.
P1 Healthcare is already on AutoCruise
P2. Plantation, I have a collection of 11 Plantations. My motivation is to feed more than 3 billion peoples across 200 countries. One of my Plantation is World No 1 Biggest Palm Oil Plantation and Malaysia is the World 2nd Largest Producers of Palm Oil.
Another Plantation, FGV has 60,000 hectares of rubber plantations which is process to produce premium Standard Malaysian Rubber (SMR) which compliments my Gloves Collection. Malaysia is the World 3rd Biggest Producer of Rubber
P2 Plantation is currently on Engagement Mode as I'm in collection mode..
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
46,774 posts
Posted by Mikecyc > 2020-10-02 06:53 |
Post removed.Why?