i am not saying there will not be increat on cost of production but unlike other plantation it will be manageable ... anyway agree to disagree i have my eyes on utdplt to collect more ....
“This is just one step in the southward journey in palm oil,” Mistry said. Prices will not reach a bottom until there’s a ceasefire in Ukraine and walled-up supplies of products like sunflower oil, wheat and corn come onto the market, he said, adding prices could slump to RM2,500-3,000 when the war ends.
Other comments from Mistry:
Stockpiles in Malaysia may rise to over two million tonnes by end-August, before climbing as high as 3 million tonnes by December or January. Demand has been “destroyed by extremely high prices”. Demand will also be hurt as the world enters a “shallow recession”. Indian import growth may be flat as additional incentives for imports are unlikely. China’s demand will also be flat as the No. 2 importer faces a slowdown in economic growth. ---------------------------------------------------------------------------- UTDPLT hedge more than 80% more than 3500 ? thats why can sleap well with this stock unlike others
Someone must be dam...82 anxious to unload kikiki, promoting kaw kaw. Please dun give false info lah. Cash of 500m due to drawdown of shorterm borrowing 335m.
Aiyoyo, small fry Unker comeback already ar? Below are your comments, why buy at such high price le? Base on your comment below, you are also a small fry loser now ar?
'Nvm rm12.50 i support utdplnt and buy back..' 'Ok la ..i give up... RIP PALM OIL... I m off from here. Palm oil for losers....'
As long as price is above RM3000, the dividend yield will be good. Furthermore, couple with severe drought in Northern hemisphere and La Nina in South America again, the price should not drop a lot even next year is recession.
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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....
supersinginvestor
3,369 posts
Posted by supersinginvestor > 2022-07-04 21:47 | Report Abuse
Ok la ..i give up...
RIP PALM OIL...
I m off from here.
Palm oil for losers...