Still no sign of recovery for CPO. Wait until Sept 2015. Will revisit this page again. TP RM3.50.. Most CPO company down, KLK, IOICorp, Sime etc... over supply like Oil. Can wait la..
the investment climate currently is at low ebb,sentiment is bad due to corruption at high places ,in particular issue like "1mdb" scandals, etc,would see better time , once these factors go away.
enning22 . sorry , need your opinoion, as I checked back sop dividend yield history actually very low ? when the time sop got highest till 7ringgit , dividend yield still damn low one,so do you know why
different company got their own dividend policy, some give 30%,40% 50%,of their annual net profit,the rest are kept as reserve fund.for past few years were very bad year for plantation companies, due to ever increasing Indonesia,planting acreage, thus selling price was low,heading for unprofitable level .From this year on ,they exercise a control,on new planting, and also implement B20 program on biodeasel, which help to increase the usage of palmoil, and lower carry-over stock.As the result his year plantation stock profit should be higher then last,if you check the quarterly report on earning , will prove this point.hope thing could get better, best of luck!!
in fact ,I rather prefer TAANN, more diversified stock.past dividen record as high as 15%-20%
"muscle: But sarawakian stil sleeping.. Stil voting bn n hope for mire brim money... Wat a pity" Dude, tell to Perakian as well. Why chose BN at PRK K. Kangsar and Sg. Besar? Pity u, low mentality person. Ptuihh!
where i can now or read return on asset for this company? or others to jira154 if u want to tell about politic not relate to this stock or involve politic to this stock can u move on to others forum???
Palm prices to drop 19 pct by November as output recovers -Mistry - Reuters News 23-SEP-2016 03:30:00 PM
KUALA LUMPUR, Sept 23 (Reuters) - Crude palm oil prices are expected to drop around 19 percent from current levels to 2,200 ringgit ($534) per tonne over the next two months as production recovers in the new oil year, a leading industry analyst, Dorab Mistry, said on Friday.
In the current oil year ending September, palm prices have gained 9 percent as dryness linked to an El Nino weather event curbed yields across top producers Indonesia and Malaysia. Benchmark futures 1FCPOc3 hit a five-month high on Thursday and are now trading at 2,700 ringgit per tonne.
While global palm oil output for 2015/16 is seen declining by significantly more than the previous forecast of 2.5 million tonnes, a strong recovery next year should offset the deficit.
"Overall in oil year 2015/16, palm oil production will decline by over 6 million tonnes, a decline which has never before been seen in history," Mistry said at industry conference Globoil India. But production next oil and calendar year could see a strong recovery of almost 6.5 million tonnes, he added.
"Let us not ignore the rapid expansion of palm oil production in Central and South America."
However, for 2015/16, Mistry said he expects a sharper-than-estimated annual drop in output from Indonesia and Malaysia.
He forecast a 3.5-4 million tonne decline in Indonesia's output, versus a fall of 1.2 million tonnes projected before. For Malaysia, he pegged output at 17.83 million tonnes, versus his previous estimate of 18.44 million tonnes.
For the calendar year 2016, he sees Indonesia churning out 28.5 million tonnes of palm oil, lesser than a prior forecast of 31 million tonnes, and Malaysia producing 18.2 million tonnes.
In other vegetable oils, Mistry said he sees prices of soyoil, palm's rival, falling to $650 per tonne on a free-on-board basis if palm declines to 2,200 ringgit, adding that lauric oil prices are also due for a correction.
We wish to inform that Eric Kiu Kwong Seng (name of the principal officer) has given notice of his intention to deal in the securities of Sarawak Oil Palms Berhad (“SOPB”) during the closed period prior to the targeted date of announcement of SOPB’s unaudited results for the third quarter ended 30 September 2016.
The details of Eric Kiu Kwong Seng ‘s interest in the company are set out as follows:-
We wish to inform that Hj. Hasbi Bin Suhaili (name of the Director) has given notice of his intention to deal in the securities of Sarawak Oil Palms Berhad (SOPB) during the closed period prior to the targeted date of announcement of SOPBs unaudited results for the third quarter ended 30 September 2016.
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Posted by Ah Ha > 2015-03-23 16:20 | Report Abuse
today drop so much.. look no good for Next Q result. TP revise down 10% to TP 4.30.