FCPO chart show side way range rm3700++ , last 3 day show a up trend to rm3867. Are we moving uptrend on CPO. If Trump become president with make US great again , more anti china policy will be implemented. China will stop buying soy oil and buy more palm oil . With PM anwar talk of doing trade with India using rupee or RM for trade. Palm oil will be one comodity
Despite our local analyst remain “neutral” siting on the fence for 2025 while others are giving an “outperform”. Plantation companies in Nusantara performed well as the market closed on December 31st due to several factors:
High Crude Palm Oil (CPO) Prices: The prices of crude palm oil have been climbing, which positively impacts the revenue and profitability of plantation companies.
Tight Supply: There has been a reduction in Malaysia's palm oil inventory, leading to concerns about tight supplies.
Strong Demand: There is strong buying ahead of upcoming festive seasons, which has kept CPO prices high.
Biodiesel Mandate: Indonesia's plan to implement biodiesel containing a mandatory 40% blend of palm oil-based fuel (B40) from January has also contributed to the bullish sentiment in plantation stocks.
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....
WongGK92
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Posted by WongGK92 > 2024-08-21 19:44 | Report Abuse
Today sell on good QR ....? https://www.thestar.com.my/business/business-news/2024/08/21/klk-earnings-forecast-to-improve-in-4q24