Posted by Sin2099 > 2020-01-15 12:22 | Report Abuse

CPO is down again. Lol, not higher and no reason to be higher

Posted by sctan > 2020-01-15 12:31 | Report Abuse

If CPO price can remain above 2500 for the whole year, is considered good for most of the plantation counters

Posted by hng33 > 2020-01-15 13:16 | Report Abuse

Please bear in mind, the CPO price have gone more than 50% in 3 month period from < RM 2000 was <RM 2000 in Q3 2019 to > RM 3000 in Q1 2020.

Posted by hng33 > 2020-01-15 13:22 | Report Abuse

The main reason for CPO to move up significantly are mainly due to Malaysia Gov policy and Indonesia policy change in which Malaysia to implement biodiesel from blending 7% to 20%, a massively 200% increment in use of palm oil blending.

On the other hand, Indonesia gov will mandatory implement biodiesel 20% in 2020 and to further increase to biodissel 30% in 2022

Posted by hng33 > 2020-01-15 13:26 | Report Abuse

The fact that Gov to tag WINDFALL TAX of CPO > RM 3000 is due to too massive profit margin enjoy by planter.

Therefore, if CPO can trade in a region RM 2800-3000, planter can avoid incur windfall tax on >RM 3000 which only benefited Gov coffer.

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

I'm holding only because the rebounds tend to be quicker than the falls...yet...the CPO is still bleeding out. articulation of the eventual profits is of course a logical debate that has merits regardless of tax or actual numbers since the crude oil was not shunned and only the refined oils. YET, traders are traders and CNY the chinese tend to sell out to fund their CNY. And hence the stocks' performance. The concern is closer to why the CPO is at a complete freefall atm and not finding any footing I reckon. 2.5% down today? and down yesterday and down the day before...etc?

Posted by sin20999 > 2020-01-15 14:36 | Report Abuse

saying that the CFO is within acceptable range is pointless...since traders correlate it direct to price. If we're already having such drops and still above 3000 then reaching 2500 we'd be an additional 50% down? haha...seems odd,no? it is a general seasonal selloff of stocks prior to CNY,no?

Posted by sin20999 > 2020-01-15 15:12 | Report Abuse

https://www.theedgemarkets.com/article/research-firms-maintain-overweight-plantation-sector

Posted by upsidedown119 > 2020-01-15 15:28 | Report Abuse

It's the Indian boycott now extended to CPO instead of just refined palm oil. Malaysia need to make peace fast.

Posted by ZStrader > 2020-01-15 15:58 | Report Abuse

plam oil price looking good this evening.. good sign for this stock

Posted by Jacky Lim Hung Sheng > 2020-01-15 16:08 | Report Abuse

http://mpoc.org.my/nst-leader-of-palm-oil-and-other-crude-things/

Posted by iskandar5156 > 2020-01-15 16:52 | Report Abuse

never trust politician word

Posted by iskandar5156 > 2020-01-15 16:53 | Report Abuse

they are champion in giving false hope

Posted by ramada > 2020-01-15 22:13 | Report Abuse

Don't know who chased high at RM0.45.

Posted by erkongseng > 2020-01-16 09:27 | Report Abuse

https://kongsenger.blogspot.com/2020/01/5113-rsawit-rm032.html?m=0

Posted by KAQ4468 > 2020-01-16 09:43 | Report Abuse

Hng33 mana ????




Stock: [RSAWIT]: RIMBUNAN SAWIT BHD

Dec 31, 2019 3:29 PM | Report Abuse

bought Rsawit at 43sen

Posted by KAQ4468 > 2020-01-16 09:44 | Report Abuse

are u ok today Hng33 ?????








Posted by hng33 > Dec 31, 2019 3:29 PM | Report Abuse

bought Rsawit at 43sen

Posted by KAQ4468 > 2020-01-16 09:47 | Report Abuse

aiyooo Ah Heng .....are u ok Ah Heng after add more RS @ 43 cents ??











Posted by hng33 > Jan 3, 2020 10:42 AM | Report Abuse

add more RS at 43sen

Posted by KAQ4468 > 2020-01-16 09:58 | Report Abuse

woii Ah Heng .... are u OK or KO now ...


kah kah kah

Posted by smallfisher > 2020-01-16 10:43 | Report Abuse

rebound

Posted by KAQ4468 > 2020-01-16 12:05 | Report Abuse

aiyooo Ah Heng .....are u ok Ah Heng after add more RS @ 43 cents ??











Posted by hng33 > Jan 3, 2020 10:42 AM | Report Abuse

add more RS at 43sen

16/01/2020 9:47 AM

Posted by maggiemee > 2020-01-16 12:26 | Report Abuse

Big News!

https://m.malaysiakini.com/news/507001

Menteri nafi India boikot sawit Malaysia
13 Jan 2020, 9:34 malam (Dikemaskini 13 Jan 2020, 9:34 malam)
Bernama | Berita

A A
Menteri Industri Utama Teresa Kok menafikan wujudnya usaha pihak di India untuk memboikot minyak sawit keluaran Malaysia.

Sebaliknya kata beliau, menerusi beberapa perbincangan dilakukan, pembeli minyak sawit di negara berkenaan mahu kerajaan Malaysia meningkatkan eksport minyak sawit mentah (MSM) dan mengurangkan pengeksportan bekalan berkenaan yang telah diproses.

“Mana ada boikot. Mereka cuma minta kita (Malaysia) lebihkan eksport MSM ke sana dan kurangkan minyak yang telah diproses. Apa pun, mereka perlu bersedia untuk membayar duti eksport sebanyak lima peratus yang dikenakan oleh kerajaan Malaysia ke atas MSM,” katanya kepada pemberita selepas program taklimat Pensijilan Minyak Sawit Mampan Malaysia (MSPO) dan sesi dialog bersama penanam sawit Selangor di Kuala Selangor, hari ini.

Turut hadir, Ketua Pengarah Lembaga Minyak Sawit Malaysia (MPOB) Dr Ahmad Parveez Ghulam Kadir dan Ketua Pegawai Eksekutif Majlis Pensijilan Minyak Sawit Malaysia (MPOCC), Chiew Jit Seng.


Teresa Kok
Beliau berkata demikian bagi mengulas laporan akhbar baru-baru ini mengenai dakwaan ada pihak di India mahu memboikot minyak sawit dari Malaysia.

Dalam pada itu juga, Kok turut menyeru supaya lebih banyak pekebun kecil sawit di Selangor mendapatkan pensijilan MSPO bagi tanaman mereka.

Ini kerana menurutnya, hanya 4.5 peratus daripada 45,000 hektar kawasan tanaman kelapa sawit milik pekebun kecil di negeri ini mempunyai sijil berkenaan dan angkanya disifatkan sebagai amat rendah.


Sementara itu, Ahmad Parveez berkata pihaknya sedang mengeluarkan surat amaran kepada mana-mana kilang memproses buah sawit dan ladang-ladang kelapa sawit yang belum memulakan proses pensijilan MSPO.

“Mulai bulan ini, kita akan keluarkan surat amaran kepada kilang dan ladang sawit. Jika mereka ingkar, mulai Julai nanti kita akan mula mengenakan kompaun.

“Dan bermula awal tahun depan, jika pihak berkenaan masih lagi tidak melakukan gerak kerja untuk memperoleh MSPO, MPOB tidak akan teragak-agak untuk menggantung atau menarik lesen mereka," katanya.

Sehingga Jumaat lepas, sebanyak 76.3 peratus atau 345 kilang buah sawit di seluruh negara telah memperoleh sijil MSPO manakala sebanyak 3.67 juta hektar daripada 5.85 juta hektar kawasan tanaman sawit mempunyai pensijilan berkenaan.

Posted by Henry8833 > 2020-01-16 13:39 | Report Abuse

https://www.thestar.com.my/business/business-news/2020/01/16/impact-of-indias-move-on-malaysian-palm-oil-seen-minimal

Posted by sin20999 > 2020-01-16 15:01 | Report Abuse

dead cat bounce? CPO still going down...

Posted by Bob02 > 2020-01-16 15:46 | Report Abuse

CPO just need to stay above 2700 for companies to make returns

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

itu sawit mau buat gas untung terbang ka?

Posted by KAQ4468 > 2020-01-16 16:38 | Report Abuse

aiyooo Ah Heng .....are u ok Ah Heng after add more RS @ 43 cents ??











Posted by hng33 > Jan 3, 2020 10:42 AM | Report Abuse

add more RS at 43sen

Posted by KAQ4468 > 2020-01-16 17:47 | Report Abuse

are u ok Ah Heng 33 ??

no more posting here ????



kah kah kah

Posted by TheGreg > 2020-01-16 20:09 | Report Abuse

Latest Great News!!!! LIMIT UP TOMORROW!!!

NEW DELHI, Jan 16 — India’s Commerce Minister Piyush Goyal denied that the country has imposed any curbs on imports from Malaysia.
https://www.malaymail.com/news/money/2020/01/16/india-denies-curbs-on-imports-from-malaysia/1828711

Posted by upsidedown119 > 2020-01-16 21:47 | Report Abuse

Teresa Kok, the Minister of Primary Industries, must have done some heavy diplomatic work behind the scenes.

Posted by samyew1234 > 2020-01-16 21:48 | Report Abuse

politicians like to pusing pusing

Posted by SK1200 > 2020-01-17 06:50 | Report Abuse

Untung la Sapa sapu rendah...

Posted by hng33 > 2020-01-17 08:49 | Report Abuse

https://www.thestar.com.my/business/business-news/2020/01/17/crude-palm-oil-prices-expected-to-stay-firm

Posted by hng33 > 2020-01-17 10:54 | Report Abuse

With clarification from Indian minister of commerce and reinstate by our Minister of primary industry Kok dismissed reports that India has called for a boycott of Malaysian palm oil. She said it was learned from several discussions that Indian palm oil buyers wanted Malaysia to increase its export of crude palm oil and reduce the export of refined palm oil

Posted by KAQ4468 > 2020-01-17 12:18 | Report Abuse

aiyooo Ah Heng .....are u ok Ah Heng after add more RS @ 43 cents ??











Posted by hng33 > Jan 3, 2020 10:42 AM | Report Abuse

add more RS at 43sen

Posted by samheong78 > 2020-01-17 13:48 | Report Abuse

My personal opinion only: India will not be substituting import of palm oil from Malaysia as it will be more expensive importing from other country.The rumors was spread intentionally to generate cost savings of hundreds of millions. Malaysia is exporting almost 50% of India needs so malaysia's price is already cost competitive due to the large scale of production. The price dip in CPO will only be very temporary and price will climb back towards RM3000 very soon.

Posted by lee_m2020 > 2020-01-17 15:47 | Report Abuse

PRICE WILL BE UPP... RSAWIT doesnt have to follow the sentiment of TDM. TDM dropped because the CHAIRMAN sell large... RSAWIT i hardly seen any significant figure or company selling... why DROP by mere sentiment...???
BUYx33333!!!!!

Posted by lee_m2020 > 2020-01-17 15:48 | Report Abuse

YEA!!!! EXPLODED ... THANK YOU>>>

Posted by lee_m2020 > 2020-01-17 15:49 | Report Abuse

COME ON all bilisssss... buy!!!!

Posted by sin20999 > 2020-01-17 17:39 | Report Abuse

lol....CPO down more... sold it down...made back in other stocks...seems silly to hold this downwards when the others are rallying.

Posted by sin20999 > 2020-01-17 17:42 | Report Abuse

india side hit.... now china demand also at risk https://www.theedgemarkets.com/article/uschina-deal-could-hurt-malaysia-palm-oil-exports-china-%E2%80%94-malaysian-official?fbclid=IwAR2w7N68VjX4SnVsaA0udaEFV15tI3kaogQKqNAx78xHvQo9XF1Tauu_Dp0

Posted by Depeche > 2020-01-17 19:48 | Report Abuse

6% export tax for CPO....cutting more into profit margin....just when this sector begins to see some light.

Posted by upsidedown119 > 2020-01-17 22:05 | Report Abuse

No lah. The export price will adjust upwards so that net will more or less equal the domestic price. Therefore if export price is too low after deducting 6%, then local mills will just sell to domestic buyers like the oil refiners.

Posted by upsidedown119 > 2020-01-17 22:07 | Report Abuse

And China had said that the trade deal with the US will not e at the expense of their other suppliers. In fact it will be good. The rice in soya bean oil as a result of China buying will allow CPO price to rise further since the two are substitutes for each other.

Posted by sin20999 > 2020-01-18 02:44 | Report Abuse

hmm...rise in soy oil price= palm oil price rise...hmm...i do see the logic...but the whole reduction of soy oil use was what caused the rise of palm oil price.no? Hence,although you're right in an infinite demand environment but this isn't such an inelastic environment. As soy oil needs was previously substituted for palm oil and now it only goes to say that the reverse would be true with soy oil being increased again? I would agree soy oil rise = palm oil rise only if it was an inelastic demand. But it isn't?

Posted by Sin2099 > 2020-01-19 16:05 | Report Abuse

https://www.theedgemarkets.com/article/palm-clocks-worst-weekly-fall-over-11-years-indias-curbs-weigh

Posted by lee_m2020 > 2020-01-20 10:33 | Report Abuse

Price is lowering now... better go to steel like anjoo, MELEWAR MASTEEL..first before the next CPO wave coming again...

Posted by lee_m2020 > 2020-01-20 10:33 | Report Abuse

RSAWIT is my best CPO counter anyway

Posted by FellowAqim > 2020-01-20 11:45 | Report Abuse

up up up soon?

Posted by upsidedown119 > 2020-01-20 15:56 | Report Abuse

CPO futures price up today. Double digit gains.