@pang72 yes sounds very familiar... early 2020: Tutup Mata hamtam any gloves stock.. early 2021: Tutup Mata hamtam any tech stock.. early 2022: Tutup Mata hamtam any plantation stock.. early 2023: ????
Titan, thank you for selling your Taann to us yesterday cheaply. You are such a kind fellow. Hehehe.. ??????????? Posted by Johnzhang > 1 day ago | Report Abuse
Just bought 120,000 share at $4.93 this morning. Can?t go wrong for a share that earned over 70 sen /share last year.
Haha Johnzhang I am the nett buyers yesterday lor I bought twice your volume at an average cost of 4.89 but my que to sell at 5.50 is not removed yet. But will put up another que at 5.80 you can have them all since you are very sure of at least 7.50 hehe
Perfectly ok for Dato Wong to take some profit as this year he will be 71 years old. Time to enjoy the fruits of his labour. Well done. He has already given us very handsome 30 sen dividend for year 2021 & this year starting with 5 sen appetizer & more to come.
When two different worlds collide, which path should ikan bilis follow? a) Ta Ann - directors disposed 3,080,000 shares (about RM 15.5 million) b) TSH - director acquired 6,000,000 shares (about RM 8.9 million)
More soya and corn farmers in US and Europe will shift to planting wheat as wheat return is better especially farmers are facing shortage of fertilizer and glyphosate . There is no hope of getting more edible oil from next season. ????????- SINGAPORE/LONDON (March 2): The world's staple grains extended their blistering rally as Russia's war on Ukraine stifles shipments from some of the biggest suppliers.
Wheat futures rocketed past US$10 a bushel for the first time in more than a decade, and corn leapt to a nine-year high. Soybean oil also hit a record. That is giving fresh impetus to accelerating global food inflation, while the turmoil unleashed by Russia's invasion has the potential to dislocate markets for years to come.
The supply disruptions are likely to spill over into the next season, and potentially for even longer. Ukrainian farmers ? many engaged in the defence of their country ? appear unlikely to plant spring crops as usual, and Russia is facing sweeping penalties on its financial system. Plus, infrastructure is being damaged in the midst of the war.
Palm oil earning will shot up a lot as long as the CPO price hover at around RM6,000. They are just like glove stock as the fixed cost will not move a lot... whatever increase in selling price will be recognised as profit.
the violent wide ,up down in the futures market, partly due to some market circulated talk of large oil importer like India, requested to wash out shipments of cargo, to avoid the supply squeeze on near months delivery.
4 broad trends that will let you conclude the price trend of palm oil. 1) World population grew from 6 billion in year 2000 to 7.9 billion in 2021 2) Worldwide Palm oil production grew from 22.22 million Tons a year in 2000 to 71 million tons in 2020. 3) Land used for palm oil production was 10.39 million ha in 2000, peaked at 20.26 million ha in 2015 and now dropped to 18.92 million ha in 2018. 4) 68% of palm oil is used for food, 27% for industrial applications and 5% for bio energy. What's clear is that population is growing while land available for palm oil is dropping, and usage of palm has added the bioenergy element. Make your own conclusion on the price trend.
Yau YH, one more important trend to add : Climate change /global warming : wild weather such as drought, floods, high temperatures, etc is is big challenge to agriculture production globally. This will get worse. To achieve the climate change goals, governments are expected to put a stop to expansion of cultivation area . As such , additional supply of edible oil is limited going forward.
Sell all steel stocks and palm oil stocks to buy MSC. Miss universe stock has just been changed from Hiaptek to MSC. MSC will be next PMBTECH. Target price for MSC is RM20.
It is quite obvious that people are going for dividend yield. Sime plant went up despite not being an efficient producer but declared 12.50 sen div compared with our darling Taan 5 only even though the next one will be better but nobody wants to look that far
Malaysia is Asia?s ?new gold ?amid market volatility -Modular March 07, 2022 10:03 am +08 (March 7): Modular Asset Management will increase its already long exposure to ringgit-denominated assets as they are the new gold amid increased market volatility, said strategist Wai Ho Leong.
Resource exporters like Malaysia are the new gold. It is in a unique sweet spot, being Asia?s only net energy and edible oil exporter, said Singapore-based Leong.
It will start to stand out in stark contrast to Thailand, India and the Philippines, which are among the largest importers of oil, metals and food, Leong added.
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....
mamatede
3,950 posts
Posted by mamatede > 2022-03-02 15:52 | Report Abuse
the sell down after quarter was a great opportunity to collect a lot. this two days have been very eggcelent. Take profit first.