In my opinion, this quarter might just post result with minimal profit, less than RM20 mil, as the low CPO price on July this year. Part of the low CPO price factor will offset by high production volume on Aug & Sep this year..... Aim for the better result on Q2 FY2020 :-)
CPO price rebound recently but plantation sector rebound can only be seen in Feb result only. The coming quarter report expected to be weak again, I would say better don't put too much hope on coming Q1.
during June to SEPTEMBER the CPO price was between 1700-2200 and JTIASA publish a good result overall. But now the CPO price was 2600 so will the next QR good?
Still another 2 months to go for Q2, need depend on Nov & Dec FFB production & also the next month CPO price trend..... Hopefully the timber division can stop / reduce from continue bleeding
Jaya Tiasa’s shares experienced a sell-off in the middle of this year, as it posted its second consecutive loss-making financial year in the period ended June 30, 2019 (FY19).
FY19 net loss widened to RM275.65 million from RM80.16 million, while revenue dropped 24.23% to RM637.74 million from RM841.69 million, no thanks to wider losses and lower top line from both its palm oil and timber operations.
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....
Molly Ngui
409 posts
Posted by Molly Ngui > 2019-11-12 16:29 | Report Abuse
Collecting Dsonic now, buy when everyone fear, when you know the chart is drop dead gorgeous you're smiling while collecting..