KUALA LUMPUR: Crude palm oil (CPO) price is expected to remain at elevated levels, possibly until the first half of 2022 (1H22), said Hong Leong Investment Bank Bhd (HLIB).
This will be supported by weaker production outlook for corn and soybean in South America as well as geopolitical tension.
HLIB said the geopolitical tension would likely result in supply disruption in sunflower and rapeseed oils, as well as protracted fertiliser supply.
Over the longer term, HLIB continues to believe that a pullback in CPO price will materialise when palm oil output recovers, which in turn hinges on the entrant of foreign workers into Malaysian shores.
Don't buy into the foreign workers factor too much Foreign worker decrease, output decrease, price increase Foreign worker increase, output increase, price decrease Same same
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Quite evident from recent price movements that Market "excitement" over economy opening is over. Only real earning numbers will further drive share price.
Posted by Sharefisher > 8 hours ago | Report Abuse
Two weeks already moving within 4.60 to 4.70........ New trend should be coming soon... Hope up, not down. Haha ha... -----------------------------------------------------------------------------
Price moving at lower highs and lower lows over the past couple of weeks. Huge volume done from 4.63 to 4.68. Upside or downside chance which is higher?
Posted by Sharefisher > 8 hours ago | Report Abuse
I think close to the date of QR announcement, big boys will get the information earlier than us.... Need to monitor closely about that time. ---------------------------------------------------------------------------------
-GenS may report only S$10m net profit for 2022 Q1. 2021 Q4 net profit already dropped drastically to $35m.
-Highlands shd see better Q1 net profit compared to previous quarter.
-USA region including RWLV shd see EBITA of abt rm210 to rm250m for 2022 Q1. The EBITA for USA region during 2021 Q3 and Q4 (including RWLV) was in this range for both quarters.
-GenP may see 2022 Q1 net profit increase by at least 30% compared to the previous quarter.
-GentB's 2021 Q4 Net LOSS attributable to shareholders was rm130m due to very high tax expense. My estimate guess for 2022 Q1 is Net PROFIT attributable to shareholders at abt rm100m.
All of GentB's casinos already fully opened during 2021 Q4 but yet it was still a loss making quarter. We need big whale China gamblers to start visiting our casinos before we can go back to those good old days of much stronger earnings. When will the china whales come?
Dont focus China people come to contribute to GenM first, focus the casino in New York better ....USD vs Rm ..... US population is about 330 million ......cant compare v Malaysia which is only 7 million can gamble...
USA casinos are opened since last year..... No very positive results... That is why we are here kicking 4.60 to 4.70 here .....if next QR still no good, can say bye bye liao...
GB will show much greater results with 3QR revenues & net profit. Businesses are only recovering 2QR World in top gear by 3QR. Wait to profit or invest in other stks.
我不信风水,可是我信风水轮流转!genting should be performing well at current situations, if genting is not performing well, how to get higher price? Yes, you can keep dreaming. But sure people will say bye bye and move to other opportunities.
Posted by Sharefisher > 8 hours ago | Report Abuse
Two weeks already moving within 4.60 to 4.70........ New trend should be coming soon... Hope up, not down. Haha ha... -----------------------------------------------------------------------------
Price moving at lower highs and lower lows over the past couple of weeks. Huge volume done from 4.63 to 4.68. Upside or downside chance which is higher?
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....
Mini2021
1,557 posts
Posted by Mini2021 > 2022-04-12 16:43 | Report Abuse
KUALA LUMPUR: Crude palm oil (CPO) price is expected to remain at elevated levels, possibly until the first half of 2022 (1H22), said Hong Leong Investment Bank Bhd (HLIB).
This will be supported by weaker production outlook for corn and soybean in South America as well as geopolitical tension.
HLIB said the geopolitical tension would likely result in supply disruption in sunflower and rapeseed oils, as well as protracted fertiliser supply.
Over the longer term, HLIB continues to believe that a pullback in CPO price will materialise when palm oil output recovers, which in turn hinges on the entrant of foreign workers into Malaysian shores.