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 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
3,532 posts
Posted by Pinky > 2023-02-24 17:56 | Report Abuse
Oh no! Holland already