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?
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pushparaj
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Posted by pushparaj > 2022-02-09 18:55 | Report Abuse
Buy and keep. Wait for the windfall