Posted by upsidedown119 > 2020-01-09 11:55 | Report Abuse

Also it's 10 million tonnes they want. Indon production cannot meet demand. They want their CPO for their 100% CPO based bio-diesel.

Only people like George Soros can beat the market but only on a single transaction like shorting the GBP.

Posted by paperplane > 2020-01-09 11:56 | Report Abuse

https://www.theedgemarkets.com/article/india-bans-imports-refined-palm-oil-most-which-are-malaysia

Posted by upsidedown119 > 2020-01-09 12:02 | Report Abuse

And if India wants to buy refine palm oil from other countries? Where? From Amsterdam, Europe? Hahaha! From China? Hahaha? Malaysia has the best and cheapest refine palm oil in the world.

India's surely cutting its nose to spite its face.

Posted by upsidedown119 > 2020-01-09 12:07 | Report Abuse

The figures to watch are not the twists and turns of Indian policies but the CPO futures price. And they respond only to demand and supply in arguably the freest market in the world - the CPO market. The same goes for all commodities.

No one can corner the market for virtually any commodity, wittingly or unwittingly (in India's case), without going bankrupt in the end.

Posted by sin20999 > 2020-01-09 13:54 | Report Abuse

Agreed,....the CPO price doesn't lie... https://www.investing.com/commodities/crude-palm-oil for latest...and it shows the recovery.

Posted by upsidedown119 > 2020-01-09 14:17 | Report Abuse

And today's demand and supply correlate virtually at the speed of light.

Posted by sin20999 > 2020-01-09 14:33 | Report Abuse

well...i think the price isn't rallying today 1.)people unnerved by yesterday's drop 2.)the obvious news and 3.)the supply and demand sorting itself out for the immediate term. I think mid term it will rally back once the supply and demand is at equilibrium again.

Posted by upsidedown119 > 2020-01-09 15:20 | Report Abuse

Not rallying today? Check again your link.

Posted by upsidedown119 > 2020-01-09 15:23 | Report Abuse

Also there was no 'drop' in CPO price in Malaysia yesterday. The MPOC settled price ended overall virtually unchanged at RM3041.

Posted by sin20999 > 2020-01-10 12:49 | Report Abuse

https://www.thestar.com.my/business/business-news/2020/01/10/malaysian-palm-oil-price-surges-as-india-restricts-refined-palm-oil-imports

Posted by upsidedown119 > 2020-01-10 15:27 | Report Abuse

All CPO prices including futures shooting up at this very moment. So let the bears sell. The BO will be more explosive!

Posted by Tony Wong > 2020-01-10 16:11 |

Post removed.Why?

Posted by upsidedown119 > 2020-01-10 16:30 | Report Abuse

The bulls are merrily collecting.

Posted by Avantador > 2020-01-10 16:56 | Report Abuse

It's true ....
https://www.tradingview.com/symbols/MYX-FCPOH2020/

Posted by upsidedown119 > 2020-01-10 17:15 | Report Abuse

Dec 2019 crude inventory is down 11% over November. That is what driving CPO prices.

Posted by newbie0718 > 2020-01-11 09:04 | Report Abuse

https://www.theedgemarkets.com/article/cpo-futures-end-higher-anticipation-tight-supply

Posted by newbie0718 > 2020-01-11 09:06 | Report Abuse

Gonna gap up and soar next monday

Posted by newbie0718 > 2020-01-11 09:13 | Report Abuse

https://www.enanyang.my/news/20200111/12%e6%9c%88%e5%87%8f11%e8%87%b3201%e4%b8%87%e5%90%a8-br%e6%a3%95%e6%b2%b9%e5%ba%93%e5%ad%98%e9%80%be2%e5%b9%b4%e6%96%b0%e4%bd%8e/

Posted by sin20999 > 2020-01-11 15:07 | Report Abuse

https://www.thestar.com.my/business/business-news/2020/01/11/cpo-futures-to-trend-higher-next-week

Posted by Sin2099 > 2020-01-12 15:05 | Report Abuse

https://www.malaymail.com/news/malaysia/2020/01/12/minister-malaysia-pakistan-to-extend-cooperation-in-palm-oil-trade/1827129

Posted by Depeche > 2020-01-13 05:14 | Report Abuse

Will rebound soon...now will consider to enter...see can get 0.37 or not

Posted by kelvin61 > 2020-01-13 08:37 | Report Abuse

RSawit consolidating before the next push to take out the resistance of 0.46. Thereafter smooth sailing to the sixties, cheers.

Posted by upsidedown119 > 2020-01-13 09:39 | Report Abuse

I can't believe it. With soaring cpo prices, RSawit still down at the moment.

Posted by newbie123456789 > 2020-01-13 10:09 | Report Abuse

going up soon..just wait. don worry....

Posted by Depeche > 2020-01-13 12:38 | Report Abuse

0.37...wish granted...got lower?

Posted by Linus168 > 2020-01-13 21:31 | Report Abuse

Still can hold?

Posted by bose00 > 2020-01-13 22:37 | Report Abuse

This explains the sell down ...India shun mpo .

Posted by upsidedown119 > 2020-01-14 09:38 | Report Abuse

But Malaysian CPO prices still high - well above RM3K per tonne. At this price all oil palm plantation companies, not just RSawit, will make hugh profits.

Posted by Depeche > 2020-01-14 09:47 | Report Abuse

That piece of bad news is a big blow....market is reacting negatively...Operator smells blood and drive down the price....let operator do his job...Wait to buy lower with them.

Posted by schaaini > 2020-01-14 09:51 | Report Abuse

Why this counter keep falling?

Posted by bose00 > 2020-01-14 09:51 | Report Abuse

Already make 100% profit.. ape lagi mau.

Posted by LouiseS > 2020-01-14 11:41 | Report Abuse

RIMBUNAN SAWIT's main business segments include oil palm plantations and milling operations.

Its earning performance has been overall fluctuating in last five years, whereby its earning per share overall fluctuated from -6.54 sen to 0.23sen. The Group experienced considerable losses (-6.54 sen per share) in year 2018. The reduction was mainly due to significant cut in CPO price despite improving revenue on the back of higher sales volume.

https://louisesinvesting.blogspot.com/2020/01/comments-on-rimbunan-sawit-bhd-5113.html

Posted by sin20999 > 2020-01-14 15:30 | Report Abuse

isn't rsawit more crude than refined? shouldn't it be gaining ?.lol

Posted by sin20999 > 2020-01-14 15:34 | Report Abuse

https://www.theedgemarkets.com/article/impact-indias-refined-cpo-import-policy-may-not-be-significant india can fly kites....their economy in shambles anyway.

Posted by hng33 > 2020-01-14 16:02 | Report Abuse

bought more rsawit at 34sen

Posted by upsidedown119 > 2020-01-14 16:17 | Report Abuse

Mahathir said that he will seek a solution with India on the palm oil boycott.

Posted by sin20999 > 2020-01-14 16:37 | Report Abuse

09-Jan-2020 Insider TAN SRI DATUK SIR DIONG HIEW KING @ TIONG HIEW KING (a substantial shareholder) disposed 4,800,000 shares on 07-Jan-2020.
09-Jan-2020 Insider TAN SRI DATUK SIR DIONG HIEW KING @ TIONG HIEW KING (a substantial shareholder) disposed 4,275,000 shares on 06-Jan-2020.
09-Jan-2020 Insider TIONG TOH SIONG HOLDINGS SDN. BHD. (a substantial shareholder) disposed 4,800,000 shares on 07-Jan-2020.
09-Jan-2020 Insider TIONG TOH SIONG HOLDINGS SDN. BHD. (a substantial shareholder) disposed 4,275,000 shares on 06-Jan-2020.

Posted by dalpinia > 2020-01-14 16:58 | Report Abuse

Switched to MKH as India will buy more CPO from Indonesia, MKH plantation 100% in Kalimantan will be benefited

Posted by sin20999 > 2020-01-14 17:23 | Report Abuse

@dalpinia...that actually sounds like a good idea..it's a lot less volatile a stock too....but....assuming there's no rebound here. Problem with selling out at lows is when a rebound happens it tends to be quick. Think it's a tough call.

Posted by SaveMsiaFromPHGov > 2020-01-14 18:13 |

Post removed.Why?

Posted by sin20999 > 2020-01-14 18:34 | Report Abuse

https://www.theedgemarkets.com/article/fbm-klci-ends-lower-cpo-prices?fbclid=IwAR3sANUiLiHTMx_f7_RRYQk5GKacQo80cQsPhdoEVIqX7IglJw0RdY02NT8#.Xh2YKsTbob8.facebook "Bursa Malaysia plantation shares tracked lower crude palm oil (CPO) prices"

Posted by sin20999 > 2020-01-14 20:30 | Report Abuse

https://www.thestar.com.my/business/business-news/2020/01/14/crude-palm-oil-slips-further-from-three-year-high?fbclid=IwAR06BYhAYZZXfk8zQ7wH2tY8C4x_EsP1jr8CA0FseH1WoBFpaa1QZhPDT7k

Posted by maggiemee > 2020-01-14 22:14 | Report Abuse

All panic to sell

Posted by Legend > 2020-01-14 22:26 | Report Abuse

No angpow this CNY...

Posted by hng33 > 2020-01-15 08:27 | Report Abuse

https://www.theedgemarkets.com/article/impact-indias-refined-cpo-import-policy-may-not-be-significant

Posted by hng33 > 2020-01-15 08:30 | Report Abuse

Indian government and industry sources have told Reuters that Prime Minister Narendra Modi's Hindu nationalist government was seeking to target Malaysia, after recent criticism of India by Malaysian Prime Minister Mahathir Mohamad


PM: I’m ready to step down
https://www.thestar.com.my/news/nation/2020/01/15/pm-im-ready-to-step-down

Posted by hng33 > 2020-01-15 08:42 | Report Abuse

With PM step down soon, Indian boycott refine palm oil will soon lifted or Indian will further increase CPO purchase instead of import refine palm oil.

These higher import CPO to refine locally in Indian is to protect their refinery industry. Malaysia CPO is price lower if compared to Indonesia CPO due to lower freight cost, shorter distance.

Posted by newbie0718 > 2020-01-15 09:17 | Report Abuse

BUY CALL NOW....

Posted by newbie0718 > 2020-01-15 09:18 | Report Abuse

BUY ON DIP FOR REBOUND

Posted by hng33 > 2020-01-15 10:52 | Report Abuse

CPO price gain back, higher today