Plantation goes through it's ups and downs because it's cyclical. I am sure Taann should bounce back again. If oversold good to pick up some at dirt cheap prices..
Not sure how IB does their analysis, reduced profit by the quarter. But it is still a profit. Show us one company that every quarter perpetually increase in profit or revenue for unlimited quarters or financial years.
Haha, don't read too much. Info overload. Make your own judgement. Many so called experts comment with vested interest to influence price down or up for them to buy or sell. In the stock market, don't believe everything you read or hear. Always do your own homework.
KUALA LUMPUR (March 2): Fitch Solutions Country Risk and Industry Research has held unchanged its near-term palm oil price forecasts of annual averages of RM3,800/tonne through 2023, with upside risks, and RM3,400/tonne through 2024.
Fitch Solutions said it sees prices falling to RM2,200/tonne in 2027 alongside a gradual loosening of the global production balance, on the back of a continued decline in EU palm oil demand, while noting downward pressures on production growth in Indonesia and Malaysia.
This is a div stock but ardy given 10 sen not long ago if buy now have to wait for the next payout. I would recommend SOP now coz there will be one in April !
TAAN and SOP are both solid stocks with Taan giving generous div while SOP is very stingy on div and also bcoz of many call warrants issued on SOP it is always subject to manipulations !
Plantation stock is going through glove path. Giving generous dividend but share price continue to depress. If you take too glove as example, you lose till pant drop so be taann
I certainly do not believe plantations going the gloves path. They are world apart actually , CPO even at RM3500 to RM4000 Per tonne the most ineffecient ones will still make money
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....
Pinky
2,772 posts
Posted by Pinky > 3 weeks ago | Report Abuse
It will be more rewarding to hold,Q4 not fully reflect China reopening effects.
CPO above 4200 now!