KUALA LUMPUR (April 5): Malaysian palm oil futures surged to their highest in six weeks on Friday evening, charting a fifth straight session of gains, on expectations of dwindling stockpiles and improved exports.
The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange was up 0.9% at 2,224 ringgit (US$544.16) a tonne at the close of trade.
It earlier rose 1.4% to 2,235 ringgit, its highest since Feb 25.
Palm is up this week by 5.6%, a second weekly gain in three.
A futures trader in Kuala Lumpur said the market jumped in the evening, on expectations of higher exports in April.
Palm oil futures had risen this week on expectations that March data from industry regulator, the Malaysian Palm Oil Board, to show a decline in inventory levels.
Malaysia's palm oil stockpiles are likely to have dropped during March to its lowest level in five months, according to a Reuters survey, as a hefty jump in exports outpaced production gains.
March inventories are expected to have fallen 6.4% from February to 2.85 million tonnes, the lowest since October 2018, while exports are pegged to come in at 1.63 million tonnes, a 23.4% rise from the previous month.
The Malaysian Palm Oil Board is scheduled to release March data on April 10.
@limweebeng Give NTA 1.39 around 30% discount should be RM 1.0 - RM 1.1
Take note palm oil already break resistance and Malaysia palm oil going to release palm oil data on April 10 where we know the inventories expected to fall thus increase in palm oil price !
Go look for other counter. This one is full of crap. RHB research house are part of the crap too. People just sit in office and write good review to cheat.
MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER) JAYA TIASA HOLDINGS BHD
Type Announcement Subject MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER) Description MONTHLY CROP AND LOGS PRODUCTION The Company is pleased to announce that crop and logs production of the Group for the month of February 2019 are as follows:
1) Fresh Fruit Bunches - 57,140 metric tonnes
2) Crude Palm Oil - 10,567 metric tonnes
3) Palm Kernel - 2,290 metric tonnes
4) Logs - 11,149 cubic metres
This announcement is dated 14 March 2019.
Announcement Info Company Name JAYA TIASA HOLDINGS BHD Stock Name JTIASA Date Announced 14 Mar 2019 Category General Announcement for PLC Reference Number GA1-14032019-00005
24,641,000 kg cpo divide rm579,000,000 market capital= 0.0425 kg cpo monthly output .if we invest rm 1 jtiasa share. Compare to united plantation just about 0.003kg cpo output monthly. IF calculate base on everage monthly cpo output about 17,000 tons. JTIASA 10x more than united plantation. Which one shall we choose?
Jtiasa may have liquidity problem.. take RM1 billion borrowings x 6% interest = RM60,000,000 finance costs p. a. In this tough environment, unless this company’s management can get great magician to help (the interest cost maybe less than 6% but the borrowings more than 1b)
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....
kentyap11
76 posts
Posted by kentyap11 > 2019-04-06 23:15 | Report Abuse
don know when will jtiasa engine start. just bought at low. l don want to be a sour grape .