Maybe someone wants jack up the warrants price before disposal. Buying for dividends also does not make sense bcoz the final div will be only 5 to 10 sen the most as the result for the qtr ending December 31 will be even lower than the previous Qtr you can see for yourself the CPO price for the last 3 months !
Fuiyoh ... TAANN 3.75 close. +10 sen. Together with other stocks, helped made my portfolio reach new all time highs again. This is the 7th time this happened this month. Thank-you TAANN.
Sell ! Switch to undervalued property stocks. CPO Will average RM4K/tonne only. What profit are you expecting ? If it's bcoz the land some plantations have then might as well go direct to property stocks !
On 24 February 2022, Russia invaded Ukraine, FCPO shot up to above RM6,900 thereafter. Today, tension in Red Sea is causing disruption in food transit. Situation is more dire as drought in Central America has led to a drop in water levels in the Panama Canal, significantly reducing the amount of traffic able to cross the essential route. https://www.dailyexpress.com.my/news/227698/un-reports-42-drop-in-suez-traffic-following-houthi-attacks/
Can TAANN hit RM4? Today decent close +2.71% challenging resistance. Intraday looks like rejection and price might fall for a while but the overall attack since Mar 2023 low looks promising in the near future.
The higher lows over past 12 months doesn't make it easy to accumulate. It means there's buyers each time these higher lows were revisited. Someone's accumulating.
Good odds we'll be laughing anywhere in the next 1-12 months ...
Taann's NPAT is RM20,402K, after deducting Stock Write Off of RM9,782K and Fair Value of Biological Assets change of RM32,772K. Otherwise, the NPAT is favorable.
Net Cash position is RM182,254K (Total Cash - Total Borrowings).
Generally, this year 2023's Dividend paid is RM0.250/share is satisfactorily.
Company announced today (28-02-24) to purchase back own shares.
In view of the above, going into year 2024 with favorable CPO price of RM3,800K+/ton, we hope and assume Qtr 1 of year 2024 will be a much better financial performance by Taann, and we are long term investor, we are not bothered with these little discomforts.
Stock written off (Rm9,782,000) This is one off Change in fair value of biological assets (Rm32,772,000) Above no loss at all. only paper depreciation. When TAANN revalue its Assets it will go back up
From above WE SEE TAANN DID VERY WELL FROM NORMAL OPERATIONS
KUALA LUMPUR: Indonesia's 2024 palm oil exports are seen at 29.50 million metric tonnes, down from 30.25 million tonnes last year, the Indonesia Palm Oil Association (GAPKI) said at an industry conference on Wednesday (March 6).
Meanwhile, palm oil output in the world's biggest producer of the edible oil is expected to rise by 2.26% to 54.4 million tonnes, GAPKI official Fadhil Hasan said, while domestic consumption is seen higher due to demand for biodiesel feedstock.
Indonesia's end-2024 palm oil stock is estimated at 5.25 million tonnes.
"There is a possibility of the new incoming government increasing B35 to B40," Fadhil said, referring to Indonesia's mandatory bio-content mix that currently stands at 35% of biodiesel. This could take place in the second half this year, he said.
"One of the programmes by the candidate likely to be elected is intention to raise to B50, but that is maybe for after 2025," he added.
Pollsters have said that Defence Minister Prabowo Subianto is the likely winner of the Feb 14 general election. The election committee has until March 20 to verify votes.
Meanwhile, the impact of El Nino dry weather pattern last year has turned out to be insignificant on 2024 production as it hit mostly Java and southern regions of Sumatra, which are not palm oil producing centres, Fadhil said. - Reuters
Congratulation! Calvintaneng, your Jtiasa and Taann rally today while other stocks remain flat after their quarter results.These so called fundamantally stocks will only go up 1 week in the month of their quarter results.
11 March marks the 4th anniversary of COVID-19 pandemic. We pay tribute to the plantation sector that has contributed immensely during the pandemic. While not undermining the sacrifices by the front-liners and others in the fight against COVID-19, this sector has played its part in ensuring food security, job security, and health security not just for the nation but the world over. Despite rising cost challenges and falling output, the sector still made huge monetary contribution of >MYR23b over the past 4 years in various forms of direct and indirect taxes, and contributions.
*>MYR23b in “social” contribution to the grateful for*
Between 2020 and 2023, the plantation sector has contributed approx. MYR6.1b in windfall profit levy, MYR3.7b in export duties, MYR1.3b in MPOB CESS (see Fig.1), MYR0.2b in Prosperity Taxes, >MYR6b in Sabah and Sarawak Sales Taxes (our back-of-the-envelope estimates), and easily >MYR6b in corporate income taxes and individual taxes (by the smallholders) to the Malaysian government . The sector is said to be among the highest tax contributor in terms of total taxes (including windfall profit levy, export duties, CESS, and Sabah and Sarawak Sales Taxes, in addition to corporate taxes). Monies collected by the government were channelled to (among others) nation building and running of many social programmes including free COVID vaccinations given to the people and cash handouts given to the needy during the pandemic.
*Food & health security roles often taken for granted*
Palm oil holds more than 50% market share in the global vegetable oils trade. Hence, its continuous availability is crucial to global food security as well as health security. Throughout the pandemic, palm oil exports never stopped as the government allowed palm oil cultivation to proceed.
Besides food use, the continuous availability of palm oil and palm products also meant there was the much-needed ingredients to make personal cares and cleaning products such hand wash, soap, laundry detergents, hand sanitisers, etc that the world desperately needed in its fight against the highly infectious COVID-19 virus.
*Job security for the locals as well as guest workers* Many people lost their jobs at the start of the pandemic and had to draw down their hard-earned life savings to make ends meet. Prior to the pandemic, the sector has a strong workforce of 437,400 in Malaysia comprising local and guest workers. During the pandemic, the plantation sector was among the few granted special approval by the government to operate. Social distancing at workplace was inherent in the estates given that one worker typically covers more than 10 hectares of estates, providing a naturally safe working environment. Workers were even given free COVID vaccinations by their employers. At the height of the pandemic, outsiders had limited access to the staffs’ housing quarters and estate operations to ensure the safety of their workers and families. While country borders were mostly closed initially, guest workers remained employed throughout and were paid decent wages (plus incentives) that allowed them to repatriate the much-needed income to provide for their families back home (presumably equally affected by the pandemic).
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....
titan3322
2,865 posts
Posted by titan3322 > 2024-01-02 10:43 | Report Abuse
Kakakaka after the div gone ex the share price drop like shxt 🤣