Yesterday Jim Rogers said he’ll buy an agriculture index right away, reiterating his view that prices of such commodities have been depressed for some time.(Source: Bloomberg)
some chinese news papar has mixed up SOP and Sarawak plant,i am refering to Oriental News report.they gave a inaccurate, and wrong reporting, please take care and read carefully.
India, the world's biggest edible oil importer, raised its import tax on crude palm oil to 44% from 30% and lifted the tax on refined palm oil to 54% from 40%, in a bid to support local farmers.
Absolute SOP Is a good company, but DY is too low, who will attend in coming AGM, can feed back to management please generous and fair to share the profit to their investor and supportor. Hope can get surprise announce in coming AGM.
target price 6rm has not changed, the current disappointing and depressed state of affair was mainly set off by the increase palmoil production, coming from Indonesia which depressed cpo price., and added to this ,INDIA enforced hefty and high import duty for palmoil.Fortunately there is a drought exited in ARGENTINA ,which reduced the soya bean crop by about 20 millions tonnes this year,and so helped to rebalance the supply and demand situation in global oil/fats market.CPO price looks holding well,and as time progress . China is implementing her B10 biodessel programe , currently only 1/3 of the country enforce the policy ,by 2020 the whole country will be under B10 programme.so with forth coming increase demand would gradually improved price for CPO. As now for SOP ,current price at 3.60 RM could be the rock bottom price, can improve further if market sentiment is improved. 22/03/2018 16:13
this company made payment to reduced the high corporate debt,at the result devidend pay out is less , and make it unattractive in stock pricing.but some people collecting at this low price.
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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....
limch
3,062 posts
Posted by limch > 2018-02-06 08:28 | Report Abuse
PE 9.46 why still drop?