I'm watching CPO counters like FGV, GENP, Sime Darby, CEPAT and TDM(my favorite). Mid autumn festival and Diwali festive are around the corner so I do predict export volume slowly pick up and price will follow suit.
Currently, CPO price must stay above RM2,253-2,259 should any price dip below this consider mission aborted. I'm buying GENP today for mid term investment. After FGV heavily acquired by LTH I'm shifting to Sime Darby as newly appointed PNB Chairman Tan Sri Abdul Wahid will strengthen Sime Darby's position as Top 3 most profitable GLC company. Because of this I also invest in Sime-C3 today.
Talked to my friend in the meteorologist department, understand that La Nina is very unlikely and this will put a dampen to the supply. This on top of a bad harvest induced by El nino. Hence we can see why GENP rationalise the expected decline in top line contribution with the push into GPO.
Expect to see a very stable sideway price movement until next year comes... Any purchase now is purely for door gift.
Its revenue contracted a marginal 2.8% to RM475.37 million from RM488.84 million, on lower contributions from its property developments which were at their early stages of construction, the group said in a stock exchange filing yesterday. Revenue from its plantation and downstream manufacturing segments, however, improved year-on-year mainly on higher fresh fruit bunch (FFB) production and an improved sales volume of derivative palm products.
GENP's earning performance has been overall decreasing in last five years, whereby its earning per share overall decreased from 46.6 sen to 20.5 sen. Return on equity is around 3.9%. Dividend paid to shareholders in 2018 is 13 sen per share. Dividend yield is around 1.23%.
President Trump has warned the US is "targeting" 52 Iranian sites and will strike "very fast and very hard" if Tehran attacks Americans or US assets.
The president's remarks followed the US assassination of Qasem Soleimani, a top Iranian general, in a drone strike.
Soleimani's killing was a major escalation between the two nations, and Iran vowed to take "severe revenge".
Writing on Twitter, Mr Trump accused Iran of "talking very boldly about targeting certain USA assets".
He said the US had identified 52 Iranian sites, some "at a very high level & important to Iran & the Iranian culture", and warned they would be "HIT VERY FAST AND HARD" if Tehran struck at the US.
Based on comparison of 44 plantation counters listed in Bursa Malaysia, GENTING PLANTATIONS is shown to be one of the TOP 8 plantation counters worthy to pay attention to and potentially invest in. GENTING PLANTATIONS stands out in performance indicators such as having consistently steady earning per share (> 10 sen per share), high market capitalization (RM 9,512 million) and high cash flow reserve (RM 950 million).
The plantation companies fared well in 3Q20 too, thanks to the rebound on crude palm oil prices. Genting Plantations Bhd’s quarterly profit leaped 241.8% y-o-y, Sarawak Oil Palms Bhd (138.8%), IOI Corp Bhd (86.5%) and United Plantations Bhd (58.3%). Meanwhile, both Sime Darby Plantation Bhd and FGV Holdings Bhd have turned profitable.
Malaysia to increase palm oil exports to Saudi Arabia BENTONG (March 12): Malaysia will increase its palm oil exports to Saudi Arabia from 300,000 tonnes to 500,000 tonnes worth approximately RM1 billion. Plantation Industries and Commodities Minister Datuk Dr Mohd Khairuddin Aman Razali said the volume was increased following Prime Minister Tan Sri Muhyiddin Yassin's visit to Saudi Arabia recently. It is among the accomplishments following the Prime Minister's visit to Saudi Arabia other than the growth in demand for palm oil in that country throughout the Covid-19 pandemic,” he told a press conference in conjunction with the National Immunisation Programme registration campaign for the plantation sector today. He also revealed that the Ministry would open a regional office in Jeddah, Saudi Arabia soon. It is to further expand our opportunities for the commodity in the African and Middle Eastern markets and we see Jeddah as the best hub. With the establishment of such office, hopefully our palm oil could be further marketed internationally,” he said. Meanwhile, Mohd Khairuddin said his Ministry is negotiating with the Ministry of Home Affairs and Ministry of Human Resources to secure foreign workers for the plantation sector which is in desperate need of manpower. He noted that there are currently more than 250,000 foreign workers in the plantation sector with some having returned to their respective countries upon expiry of their permits. He said his Ministry will propose measures for the plantation sector particularly in regard to standard operating procedures as a reassurance in recruiting about 32,000 more foreigners as harvesters. If we can get 32,000 of these harvesters, that will be another RM5 billion in palm oil-related income towards our RM75 billion target for this year. At the same time, we hope that locals would also venture into plantation which provides many benefits such as free housing,” he said. Earlier, Mohd Khairuddin spent some time visiting the living quarters of FGV Holdings Berhad's workers and palm oil mill in Mempaga here.
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....
pushparaj
205 posts
Posted by pushparaj > 2015-12-23 18:26 | Report Abuse
should see some window dressing, end of 2015.