Indonesia has clarified that the export ban only affects refined, bleached and deodorised (RBD) palm olein. Indonesia exported an average of roughly 620,000 tonnes per month of RBD palm olein in 2021. CI Holdings mostly sells RBD palm olein and will greatly benefit from this.
News 25 May 2022: The government has ruled out curtailing cooking oil exports as it has enough supplies to meet local demand. Malaysia aims to fill the world gap in the edible oil world market caused by the Russia-Ukraine war.
only thing i can think of is spillover effect from rapeseed oil drop.. Those selling probably feel may impact cooking oil margin as rapeseed oil dropping kaw kaw leading the way.
No research house covers this stock and gives any target price. If I remember correctly, a few years back, there was once the company suddenly took out a few hundreds millions loan and then the money went to receivables. Ever since then, I dared not consider this company for investment. It’s not clear where they do the oil packing based on the property list in annual report.
fair value loss on derivatives financial instruments RM 79 mil. Management need to explain what is this about and is this a misjudgment causing such huge losses?
I don't foresee any improvement in the next quarter from the impact of sales volume from Africa and Middle East regions (Review of Performance in 4th quarter 2024 Report). The increase of Final Dividend to 20 sen could just be a sweetener.
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lcng123
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Posted by lcng123 > 2022-02-16 17:53 | Report Abuse
NP to SH wrongly stated as RM29,497,000. Actually is RM16,219,000 compared to previous year RM12,692,000
After a week finally they made the correction. Too slow action