Someone definitely has a touch of manic euphoria. Have JTiasa catch up with TaAnn in governance, transparency and stakeholders trust before taking on the redoubtable UtdPlt. Their current gap is wider than the Pacific Ocean.
Malaysian palm oil futures were around MYR 4,090 per tonne after briefly hitting MYR 4,140 in the prior session, amid a further drop in crude oil prices and weakness in rival vegetable oils on the Chicago Board of Trade. Meanwhile, top buyer India's palm oil imports sank to a 9-month low in February as buyers reduced their palm oil orders to increase buying of sunflower oil. Still, the contracts remained near their highest level in over 7 months, with fresh data from the industry regulator indicating palm oil stocks at the end of February fell to their lowest level since July 2023 while production hit a 10-month low owing to unfavorable weather and a shortage of workers. At the same time, bets of robust demand sustained ahead of the Ramadan fasting month and Eid-al Fitr festival. On cargo surveyor data, shipments of Malaysian palm oil products for March 1-10 grew 6.2% to 325,543 tonnes from the same period in February, according to independent inspection company AmSpec Agri Malaysia.
When Indonesia banned Cpo export in year 2022 the cash market for Cpo spiked to Rm7,200 while the Cpo future jumped over Rm9000 MT
After Indonesia resumed Cpo export price dropped back
Then with EU making lots of noise against palm oil killing orang utans Indonesia decide to speed up B30 to B35 and soaked up palm oil as biofuel to save on foreign exchange import of high crude oil price
As a result Fcpo is well supported
Indonesia grit its teeth and will further increase B35 to B100 one day By then when B100 if fully implemented 77% of all Cpo produced by Indonesia will go into biofuel and remaining 23% for its own domestic use as Cooking oil and other by products
Only Malaysia got less then 20 million Mt for export and can ask for a fair price of Rm6000 to Rm8000 per ton
Last time Saudi Arabian oil only sold for Usd3.00 a barrel After Opec form oil cartel they now sell Brent crude at Usd80 a barrel Imagine from Usd3.00 to Usd80.00
So can't Malaysia raise its cpo from Rm3,000 to only Rm8,000 MT which only up by not much compared to Opec raising its oil price
Posted by calvintaneng > 11 hours ago | Report Abuse
Why can't Malaysia ask for up to Rm8,000 a MT??
Last time Saudi Arabian oil only sold for Usd3.00 a barrel After Opec form oil cartel they now sell Brent crude at Usd80 a barrel Imagine from Usd3.00 to Usd80.00
So can't Malaysia raise its cpo from Rm3,000 to only Rm8,000 MT which only up by not much compared to Opec raising its oil price
EngineeringProfit
16,512 posts
Posted by EngineeringProfit > 11 hours ago | Report Abuse
Msial boleh ke- you think the gomen so able like singapore? Unless you come here to be pm lah
SOLD 500 JTiasa @ $1.51 & $1.52. Partial RELEASE of some capital trapped since 2014. Shifting the funds to another fellow Sarawakian timber/plantation co. Important that I didn't lose to that OLD KONYY!
We have selected RSawit to replace Bplant in Top 10 Palm oil Picks
RSAWIT (5113) A Palm Oil Turnaround Due to High Cpo over Rm4,100 MT Plus Very Very Undervalue Assets that are Easy to Liquidate for High Profits, Calvin Tan
SOLD all my remaining JTiasa except for 200 shrs, @ $1.46 after pocketing the latest dividend & definitively escaping, with a small capital gain, the KonYY trap that so many others have fallen into! 🤗
Cash-printing machine stops printing today. Everything is going swimmingly for this company, operation-wise, relatively speaking. The company was able to sell much more than it produced last quarter, as announced. The coming quarterly EPS is likely to exceed 2sen. The EPS for FYE 2024 can touch or exceed RM0.20. Fingers crossed.
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....
Berlin
261 posts
Posted by Berlin > 2 months ago | Report Abuse
Someone definitely has a touch of manic euphoria. Have JTiasa catch up with TaAnn in governance, transparency and stakeholders trust before taking on the redoubtable UtdPlt. Their current gap is wider than the Pacific Ocean.