Does anyone realise CPO at around RM2,122 and ringgit to USD about 3.50. Despite oil price dropping to less than US$60 CPO still remain at that level. Is it because of the exchange rate. We cannot eat crude oil but people eat CPO as cooking oil. It has not drop much since reaching 2,100
there is always a question raised on whether to average down or cut loss, when a company is still profitable, while share price declining, i think it is better to average down instead of cutting losses :) fcpo price has formed strong reversal of going up, especially there is always a cyclical of bullish movement before new year, it is good to bot lower price :)
Remember every year there are floods and holidays around the period. Cannot harvest. So a few days no harvest can affect CPO. Memory not so good. Did it affect CPO prices in Jan-Feb?
fcpo price will be push further higher, flood likely to affect production to be delivered, is it a good news for plantation counter ? :) year end rally cyclical likely to repeat itself :)
this counter share price may looks like in down trend period, but based on its past results, this company actually are expanding extremely fast, from the land bank of only 13K hectares increased to around 100K hectares land within 8 years. This counter probably suitable for long term investing, and u might only can get the lower price now, but not in the future when their Palm trees getting matured. Besides that, I do earning great profit margin% too for last 2-3 times.
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....
eftee
1,210 posts
Posted by eftee > 2014-12-17 19:52 | Report Abuse
Does anyone realise CPO at around RM2,122 and ringgit to USD about 3.50. Despite oil price dropping to less than US$60 CPO still remain at that level. Is it because of the exchange rate. We cannot eat crude oil but people eat CPO as cooking oil. It has not drop much since reaching 2,100