Biasalah, research houses always change target prices. When prices up, market looks good, they up the target price and the other way round. So not surprise this Kelvin change target prices for CPO.
GOOD EVENING!! BELUM TIDUR LAGI THE GREAT SIFU MG9231!!
Yes, don't listen to what others say,
Calvin still stick to the CPO Target Price of Rm6,000 a tonne by 2018.
in general the break even cost is about RM1900, if CPO price is about RM2400 should be considered good profit. I don't think CPO price will touch RM2800 so soon due to present poor economy.. I'm more concerned about the performance of logging business of JTiasa , as I expect CPO price should not lower than RM2200.
Research house always has a strong disclaimer, they only give opinion. Investors or speculatotors are buy at your own risk.
Yes Sifu MG9231,
Still remember Rubhd? Rubhd at Rm1.20? Haha! You missed it.
Never mind you loaded up on KFC & I got QSR.
Both rubhd, Kfc & Qsr all taken private.
Funny thing is Ranhill is now relisted & I heard Qsr going to relist again. I think these shares taken private with value sucked out are now brought back to con unsuspecting newbies.
Hi guys,the Company's new oil palm area is roughly about 30% new area of the Company total oil palm area, representing 3-5 year-old palm tree start contributing fruit ( has hit above Monthly FFB 100,000 tonne - yearly FFB target is 900,000 tonne) or revenue to the Company this year. Furthermore, palm oil price is up to about RM2,600 per tonne and is expected to be RM2,700 per tonne by Dec 2016 due to good demand for palm oil from Asia particularly India and China and soybean price is high about USD960 per tonne; timber price is average.You can monitor that this counter shares is always puchased at RM1.20 to RM1.25. Target price for this counter share is RM 1.55 by this year. Good luck !!
Current CPO is alrdy good for small estate planters but dun forget gov taxes, increase in fertiliser and uncertainties on foreign workers may dampen the income.
Above statement on the tax is not right...yes they raise the tax but only when the price is between RM2851 to RM3000 per tonne. If price is between RM2250 to RM2850, then tax remain at current level which is 4.5%. Below RM2250, zero tax.
mememe, if you don't like you can just ignore it...but do not complain or threaten ppl here....everybody has right to comment, pls learn how to respect ppl. For me, every comment from hng33 is very useful and he leads us how to make profit in stock market.
Monthly FFB production volume, timber production volume and CPO price publish clearly in website. It is NOT a rocket science to expect much better financial result next for Jtiasa.
What i understand is that a holder do not want this to go up. That's why each time it tries to move, it is being pushed down again and again! This is what i hear...
In time of weak price, just accumulate more, then, wait, during these investment time, allow time play magic until market notice these gem ...momentum will back again, in time of strength, just lock profit later.
KUALA LUMPUR (Sept 20): Malaysian palm oil futures surged to their highest in five months on Tuesday, recording a third straight session of gains, in response to tight supplies and strength in rival oils.
Benchmark palm oil futures for December on the Bursa Malaysia Derivatives Exchange surged 1.9% to RM2,693 (US$651) a tonne at the end of the trading day.
It earlier touched an intra-day high of RM2,725, its highest since April 22.
Traded volumes stood at 57,726 lots of 25 tonnes each, higher than the 2015 average of 44,600.
The market is up on tight supplies, said a trader in East Malaysia, adding that rising soyoil on the Chicago Board of Trade and China's Dalian Commodity Exchange also lifted palm
Palm oil output from Malaysia, the world's second-largest producer, is still showing lagging effects of last year's dry weather El Nino, resulting in lower than average crop yields.
Malaysian production in August rose 7.3%, but registered its lowest August levels since 2012.
"Exports were also not too bad," the East Malaysian trader added, referring to export data from cargo surveyors which fell less than expected.
Palm oil shipments from Malaysia fell 11–12% during the Sept. 1–20 period versus the same duration last month.
Traders were expecting a sharper dip after record exports in August of 1.8 million tonnes, according to data from industry regulator the Malaysian Palm Oil Board.
A narrowing spread between palm and rival oilseed soy has shifted some demand to soy, dampening palm shipments in recent weeks. Consumers tend to prefer soyoil for cooking to palm and both compete for a share of the global edible oils market.
Chicago soybeans rose for a fourth straight session as excessive rains in parts of the US delayed harvesting and raised concerns about crop quality.
The Chicago Board of Trade's soybean oil December contract rose 1.6%, while the January soybean oil contract on the Dalian Commodity Exchange also gained 3.1%.
Palm oil is expected to rise to RM2,761 per tonne, as it has cleared a resistance at RM2,651, according to Reuters market analyst for commodities and energy technicals Wang Tao.
in jtiasa case i prefer to use ffb to forecast its earning bcoz its cpo production not yet fully operated ie +-20% normal rate as compared to now around 14% only. FFB price per ton = cpo price * 19% assume average price of cpo in the months of july august september is rm2500 , FFB : 2500*19% : rm475 per ton cost of production for jtiasa i put max cost rm350 as compared to united plantation less than rm100 per ton production of jtiasa for these 3 months is 300000 tons
earning forecast for jtiasa plantation business ended september 2016 is rm475-rm350 * 300000 tons : 37.5 millions =eps 4 sen
its timber business not include in my calculation. N today cpo cash market price is almost 2889 , nov cpo price is 2743. in my calculation i only use rm2500 cpo price. i foreseen its coming q result will be better than my today forecast. Good luck all...
@jpx535499: sebab dia nak potong queue jual pada harga 1.27, kalau dia queue 1.27, dia tak dapat jual sebab depan dia ada ramai yang tunggu nak jual. akhirnya, dia jadi jual pada 1.27 juga, harga 1.26 yang dia key in itu merupakan harga minimum yang dia sanggup jual.
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....
unhappy
2 posts
Posted by unhappy > 2016-09-16 21:32 | Report Abuse
see now...