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
#Pinky Palm oil stocks are back? 12/05/2023 11:09 AM
#pang72 What is up? TAANN up? 12/05/2023 3:26 PM
Indeed Guys!. Ta Ann is the Biggest Gainer for Mabel Palm Oil on Friday..
Thanks God there is enough supply of Mabel Oil across the Globe during Ramadan and for people to continue celebrating during this month of Syawal. April stockpile hit 13-month low. Despite tight April palm oil stockpile at 1.5mt, the market seems unimpressed. This is, in part, because CPO price has lost its competitiveness vis-Ă -vis other major competing oils. Competing oils prices have come under substantial pressures since the start of the year. FCPO prices now trade a 6%/8% discounts to 1M FCPO which suggest that market is anticipating supply recovery in the coming months.
There were significant price pressures on sunflower oil, soyoil and rapeseed oil since the start of the year. CPO price has significantly narrowed its discounts to other major competing oils compared to 6 months ago. Reuters reported recently that Indian buyers have opted to cancel 75,000t of palm oil purchases for the first time in many years and switch to rival oils for May shipments, including sunflower oil and soyoil. We maintain our cautious view that CPO spot price will continue to stay volatile in the near term while trending lower by midyear on supply recovery.
The legal framework and infrastructure for carbon trading is aggressively being implemented by the Sarawak state government. Taann's reforestation work stands to gain from credits earned. This is not reflected at all In it's revenue.
Soybean prices jumped more than 5% higher after USDA lowered 2023 acreage estimates to 83.5 million acres (down 5% from 2022). A flash sale to China and lower-than-expected stocks added to today’s bullish sentiment. July futures climbed 74.75 cents to $15.5775, with August futures up 72.75 cents to $14.4050
Malaysian palm oil futures jumped more than 4.5% to around MYR 3,950 per tonne, rising for the third straight session while approaching their highest level in three months, due to a rally in rival soyoil on concerns over smaller US planting and inventories. The US Department of Agriculture Friday reported much lower-than-expected 2023 soy plantings and June 1st stocks. Meantime, Russia’s envoy to the United Nations in Geneva said there were no grounds to maintain the “status quo” of the Black Sea grain deal that is set to expire on July 18th, according to the Russian news outlet Izvestia said. On the supply side, exports of Malaysian palm oil products for June fell 6.9%, cargo surveyor Intertek Testing Services reported. Another cargo surveyor, AmSpec Agri Malaysia, said exports rose 0.6%. Meantime, Indonesia plans to raise its mandatory palm oil-based biodiesel blending to 40% in the next few years after increasing it from 30% to 35% in February. .
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
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Posted by titan3322 > 2023-03-10 13:19 | Report Abuse
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 !