Expecting lower palm oil exports from Indonesia. The Indonesian government has recently urged the local cooking oil producers to ramp up palm oil supply to the domestic market by 50% to 450,000 mt for the next 3 months to meet rising demand ahead of the festive celebration.
You cannot compare like that You need to compare month to month due to seasonal factor Jan 2023 production of 158kmt actually improved vs 2022 Jan of 137kmt, while 174kmt for Dec 2022 improved against Dec 2021's 162kmt
qoq is lower but yoy is growing in revenue and net profit...since the yoy already hit target i believe they allocate the earnings for the coming year..since the cpo price above 4k their earning will continue for 2023
Expensive because still comes with RM1 divvy Furthermore, with their hedging strategy it means even at current RM3.6K+ CPO price, they will sell higher than market price of maybe around RM4K
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....
DestinyL
4,744 posts
Posted by DestinyL > 2023-01-04 15:46 | Report Abuse
I'll collect again around 6