i already shouting or calling to buy jtiasa when it was around 50cents 2-3 months ago.... that time this page is still very cold. was surprised to see so many comments here recently
For planters in Sabah and Sarawak, a 1.5% windfall tax will be slapped if CPO prices exceed RM3,000 per tonne. Jiasa palm all locate in Sarawak, CPO currently still surpass slightly above RN3000, so, just a very modest 1.5% on excess threshold is applicable for windfall tax only.
Jtiasa still in big advantage and its windfall profit is relatively unaffected if compared to peninsular planter in which, double up windfall tax rate or 3% windfall tax per tonne is imposed on planters in Peninsular Malaysia if CPO prices surpass RM2,500 a tonne,
Many glove stock afraid of potential windfall tax in coming budget due to earning profit too much, windfall profit give rise to glove stock sky rocket share price.
But, planter CPO already subject to windfall tax due to windfall profit above RM 3000, therefore, windfall profit will five rise to planter stocvk sky rocket share price too.
INDONESIA AIMS TO FINISH RESEARCH ON 40%-PALM-BASED BIODIESEL IN NOV Indonesia, the world's largest palm oil exporter, plans to finish research into biodiesel containing 40% palm oil by November, the head of the energy ministry's research department said on Wednesday.
The country will implement the mandatory use of biodiesel containing 40% palm oil, known as B40, in July 2021 as it seeks to increase domestic palm oil use while slashing regular diesel imports......
Malaysian companies could take advantage from the news that Indonesia may further increase palm oil export levies in future to support its ambitious biodiesel programme. Indonesia raised its levy on crude palm oil exports in June to $55 per tonne and the government has pledged 2.78 trillion rupiah financial assistance for the programme. Indonesia biodiesel programme is expected to limit its supply of palm oil for export purposes thus could result in a gap that is expected to be filled by Malaysia
The year was 1996. The Asian Stock Markets Were in the Hottest Euphoria. Amost every one was enjoying increasing profits. Many have resigned from their jobs to do full time trading in the stock market. Stock market tips and conversations were the order of the day. Everywhere in offices, homes, coffee shops, markets, eating places people talked only about the next “Limit Up” stocks.
In every trading Hall or Room there is no available seats. In RHB Bank HQ there isn’t even standing room. Cramped, jammed and packed with traders and specualtors from all walks of life. It Was The GoGo Years Before The Asian Financial Crisis!
One man stood out. Peter Lim of Singapore. He sold all his shares near the very peak and bought into just one counter – WILMAR the Plantation Stock.
On hindsight it was an uncanny but very accurate move. Next year in July 2nd 1997 George Soros attacked the Thai bath. The Thai bath collapsed and then contagion spread to Malaysia, Singapore, Hk, Korea, Indonesia – One by One Their Stock Markets Collapsed like tent pins.
At the height KLSE was 1332 and at the bottom it was only 262 points – A Crash of 81%
Nobody fully invested could have escaped such a carnage. It was a disaster for many. Tens of thousands went bankrupt. Many Banks & Financial Institutions were insolvent. Before the Asian Financial Crisis there were 49 Banks and Credit Companies in Malaysia. With the devastating carnage less than 10 Banks now standing. The rest became history.
Tycoon Peter Lim invested $10 millions into Wilmar – the plantation stock owned by Robert Kuok.
How come Peter was so “chun chun”? All $10 millions into one single stock. And he was right on target. Four years later in 2,000 Peter Lim “THE REMISIER KING” of Singapore sold his Wilmar shares for a cool $1.5 Billions!
So plantation stock investment if timed well can make you a billionaire!
As for Robert Kuok he became the Richest Man No. One in All of Malaysia with over Rm40 Billions.
Ha! Are we now entering another phase of market doom? Maybe yes or maybe no.
But This Is For Sure:
A POWERFUL EL NINO IS NOW ONGOING
Hmmm?
Let’s SEE if Plantation Stocks will create more millionaires and billionaires this round.
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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....
Newbieinshare
2,117 posts
Posted by Newbieinshare > 2020-09-20 23:59 | Report Abuse
i already shouting or calling to buy jtiasa when it was around 50cents 2-3 months ago.... that time this page is still very cold. was surprised to see so many comments here recently