"The Group achieved higher revenue of RM111.2 million, an increase of 38.0% from RM80.5 million on 30 September 2020. This was principally due to favourable growth in average selling price on FFB, CPO and PK throughout the quarter by 44.5%, 35.9% and 29.7% respectively where the average selling price for FFB, CPO and PK was at RM481, RM2,643 and RM1,349 for 3 months ended 30 September 2020 respectively."
Let see next QR report result when CPO above RM3,000
I belive all profits has been expense out on planting and maybe buliding Mills...Unlike Jtiasa, WTK etc has Timer Biz, presently in doldrums that will drag down Palm Oil profits...
RSawit is expected to record strong profit recovery in the last quarter of the year. This is because the ASP of CPO will be averaging RM3k and above, cheers.
TDM make profit to pump into four hospital. So no benefit to shareholders. Have to wait for long term. So I think Rsawit better and the price is still low. GO! GO! GO!!!
densim SH selling shares is not a good sign.... 08/12/2020 7:11 PM
HE HOLDING JTIASA: GO BUY JTIASA!
Posted by kelvin61 > Dec 10, 2020 7:48 AM | Report Abuse
Most traders have neglected the super bull run on CPO prices that will bring windfall profits to the Plantation companies. There are still many selling for a song, cheers.
CORRECT!!
FCPO CLOSED AT ABOVE RM3600 MEANS MORE THAN 100% PROFIT FOR ALL PALM OIL COMPANIES
FEB 2021 FANTASTIC RESULTS FOR ALL PALM OIL STOCKS WILL REGISTER HUGE PROFITS
WHY?
ANSWER:
OCTOBER, NOVEMBER & UNTIL DEC 10TH NOW CPO HAS FCPO HAS BEEN HOLDING FIRMLY ABOVE RM3400 TO RM3600
Let's calculate the Feb 2021 figure
October 30 days
November 30 days
December 31 days
Total days of last quarter for 2020 is 91 days
Today is 10th day of Dec
So 2 months & 10 days = 70 days
70/91 = 76.9% of the Feb 2021 results will reflect These Very High Profit months
Even if production of FFB decrease by 10% to 15% the Huge Increase in CPO prices over ride all to Excel
Without prejudice. the tiong family circle knows what exactly in store for rsawit or jtiasa. Both control by the family patriarch but one run by the son and the other by his daughter. Uptrend in CPO prices beneficial for all planters. family fortunes ties with timber, Plantation and properties
I'm very pity of those who bought this counter, now most of the plantation companies is making a lot of profits from last quarter but this company is still suffering huge losses, what else can you expect from this company. If you are still hoping this counter will fly than I advise you to dream for the cow could fly is more realistic.
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....
8Bull8Watcher8
8 posts
Posted by 8Bull8Watcher8 > 2020-11-25 15:39 | Report Abuse
"The Group achieved higher revenue of RM111.2 million, an increase of 38.0% from RM80.5
million on 30 September 2020. This was principally due to favourable growth in average
selling price on FFB, CPO and PK throughout the quarter by 44.5%, 35.9% and 29.7%
respectively where the average selling price for FFB, CPO and PK was at RM481, RM2,643
and RM1,349 for 3 months ended 30 September 2020 respectively."
Let see next QR report result when CPO above RM3,000