Something that is unusual yesterday, plantation index rallied and most plantation stocks rallied. I think it should follow up very soon~ No major impact of Fed ends QE, Dutaland will goes back 0.8 ~~
Technicals showed palm oil is expected to climb to 2,295 ringgit per tonne, as it has found a support at 2,259 ringgit.
Malaysian palm oil stocks likely rose further to a 19-month high of 2.16 million tonnes at the end of October, as exports of the tropical oil dipped. – Reuters
Stocks that have exposure to palm oil such as Sime Darby Bhd ( Financial Dashboard), United Plantation Bhd ( Financial Dashboard), PPB Oil Palm Bhd ( Financial Dashboard) and Kuala Lumpur Kepong Bhd ( Financial Dashboard) may garner interest as the Malaysian Palm Oil Board is set to release the official figures on Malaysian palm oil inventory on Monday (Nov 10).
rolling 4 quarter result are better then 2013...good profit making company. Even this correction take a month finally you will be able to make good profit from it.
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jinv9
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Posted by jinv9 > 2014-10-28 15:22 | Report Abuse
Any news from this morning's AGM?