1. Priceworth 2. Jaya tiasa 3. Subur tiasa 4. Wtk 5. Ta Ann
This will shoot up in Tandem loh....!!
Lumber and timber company limit up as lumber prices climb to highest lvl
Posted by Hush77 at Aug 22, 2020 10:39 AM | Report Abuse Canadian wood producers surge as lumber futures rise by exchange limit
Aug. 19, 2020 3:59 PM ETWest Fraser Timber Co. Ltd.(WFTBF)By: Carl Surran, SA News Editor8 Comments
Five of the largest Canadian producers - West Fraser Timber (OTCPK:WFTBF +4.6%), Norbord (OSB +4.9%), Canfor (OTCPK:CFPZF +7%), Interfor (OTC:IFSPF+5%) and CanWel Building Materials (OTC:CWXZF +1%) - all set new 52-week highs in Toronto, driven by new record high prices for lumber and wood panel products due to continuing robust demand from renovation and new home markets.September lumber on the Chicago Mercantile Exchange earlier jumped by the exchange maximum $29, or +3.85% to $783 per 1,000 board feet, after settling yesterday at a record $754
I think the plantations are mainly unmatured and not yielding. Hope the current high lumber price and subsequent maturing palms will bring co to profit soon
Jaya Tiasa Holdings Bhd is an investment holding company, operates as a timber producer in Malaysia. Business activity of the group is breakdown into various segments which include logs trading, manufacturing, oil palm, and others. Through its subsidiaries, the company manufactures a product such as sawn timber, blockboard, plywood, veneer and related products which are sold in the market of Asia Pacific, Middle East, Europe and Latin America.
Jtiasa is BEST proxy for CPO price recovery.. All it’s planted palm oil already in PRIME MATURITY, CPO production volume increase with better CPO price above. RM 2800 = windfall profit for Jtiasa
The FCPO (CRUDE PALM OIL FUTURES) has opened with a bullish start and has smashed the 2nd line Resistance of RM 2900 with very good strength and volume
The Palm Oil Futures also tested above 12 YEAR LONG RESISTANT LINE, with good strength to push towards 3000.
WHERE WILL FCPO BE HEADING TOWARDS?
In 2008, it was above 4000. Following the up-trending projection of the FCPO, the FCPO may be hitting 3100-3200 range soon. All Plantations will benefits from this uptrend movements.
I don't know about you guys, I'm using my gain from Gloves to plough into all Plantation counters.
This is where the money is for the next 6 months...
cost of production for large cap plantation is USD400-450 pmt. Now CPO physical is trading at RM2950 equivalent to USD705-710. Can you imagine how big is the profit....?
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....
xoxo88
36 posts
Posted by xoxo88 > 2020-08-13 12:47 | Report Abuse
palm oil is still uptrending.