Posted by yfchong > 2019-12-15 10:02 | Report Abuse

OK now... Now kung fu no enuf

Posted by enning22 > 2019-12-16 09:13 | Report Abuse

吉隆坡12月13日消息:周五马来西亚棕榈油局（MPOB）发布的海关文件显示，马来西亚上调了2020年1月份的毛棕榈油出口税，这也是一年半来首次上调。

2018年8月份马来西亚对棕榈油征收4.5%的出口税，自那之后就一直是零出口税。2019年5月到12月份期间，马来西亚对毛棕榈油免征出口税，以提振棕榈油出口。

马来西亚将2020年1月份的棕榈油参考价格定为每吨2571.16令吉，相当于616.59美元/吨。

贸易商称，印尼可能跟随马来西亚，也对棕榈油征收类似的出口税。

孟买的Sunvin集团研究主管称，现在市场在急切期待着印尼做出出口税决定，这也将有助于了解印尼30%生物柴油强制掺混的实施情况。。

交易商说，马来西亚将会出口更多精炼棕榈油，因为现在毛棕榈油有5%的出口税。

Posted by sarawakian63 > 2019-12-16 09:16 | Report Abuse

4.5-5 pls by 2021 state election. Higher more welcome.

Posted by cpo_ > 2019-12-16 15:22 | Report Abuse

CPO RM 2880 up RM 35 why down?

Posted by enning22 > 2019-12-16 21:29 | Report Abuse

patience is the key

Posted by cpo_ > 2019-12-17 11:41 | Report Abuse

CPO up is pang72 selling behind drop?

Posted by bensonlam33222 > 2019-12-17 17:02 | Report Abuse

Hence, effective Jan 1, 2020, a three per cent windfall tax per tonne will be imposed on planters in the peninsula while for planters in Sabah and Sarawak, a 1.5 per cent windfall tax will be imposed if the price exceeds RM3,000 per tonne.SOP IS NOT AFFECTED YET.

https://www.thestar.com.my/business/business-news/2019/12/17/primary-industries-ministry-optimistic-about-cpo-windfall-tax

Posted by bensonlam33222 > 2019-12-18 06:31 | Report Abuse

Sabah and Sarawak:

= 1.5% x Monthly FFB Production x (MPOB Malaysia Monthly Average CPO Price — RM3,000/tonne)

Posted by enning22 > 2019-12-18 11:36 | Report Abuse

the winfall tax proceed ,should be used only on subsidising the "biodiesel" program,and its research and developement

Posted by ValuePrice > 2019-12-18 12:09 | Report Abuse

From current market trend and consumption, CPO price is likely on the upward trend and may hit RM 3000. The next Quarter for SOP will reflect on the higher CPO price. Hopefully this will hit RM 4/4.5 range

Posted by enning22 > 2019-12-18 19:38 | Report Abuse

my quesstimate for 2019 fourth quarter profit to reach 50-60 million range, 0% export tax,0% windfall profit tax, just a reasonable figure.In the 2017 final quarter ,when cpo price was high, but the production was about 15% lower, SOP still can managed 60 million profit.

Posted by enning22 > 2019-12-18 23:36 | Report Abuse

this has something to do with extraction rate, sometime planters harvest too early,while fruits not in full ripeness. or sometime due to logistic problem , certain amount FFB from respective estates, were sold to nearby mills which belong to other people.

Posted by enning22 > 2019-12-20 21:54 | Report Abuse

https://www.theedgemarkets.com/article/b20-biodiesel-transport-sector-be-launched-phases-next-year-%E2%80%94-teresa-kok
PUTRAJAYA (Dec 20): The B20 biodiesel programme for the transport sector is expected to be launched in phases next year, that would give a fillip to the crude palm oil (CPO) price which is projected to reach RM3,000 per tonne.

Primary Industries Minister Teresa Kok Suh Sim said the programme would start in Langkawi, followed by Labuan, Sarawak, Sabah and subsequently in Peninsular Malaysia.

"A preliminary study and engineering design for the upgrading of the blending depot has also been approved with an allocation of RM35 million. This will involve 35 depots and are expected to be ready in the first quarter of next year," she told reporters after the Ministry of Primary Industries’ gathering here, today.

Advertisement

Kok said the launching ceremony for the programme would be officiated by the Prime Minister Tun Dr Mahathir Mohamad on Feb 20 next year.

She said the CPO price, which is now approaching RM2,800 per tonne, was expected to continue rising next year based on the positive trend, whereby the price was around RM1,700 per tonne in 2018 compared to now, as well as the high demand following the B20 implementation and the government's efforts to explore new markets to boost exports.

The increase in the CPO price would not only benefit the country's economy but also the industry especially smallholders, she said.

"The Christmas and Chinese New Year (celebrations) would see many countries importing palm oil from us and the implementation of the B20 programme would boost demand. If stock is low, price would go up,” she said.

Meanwhile, Kok said she would make a visit to Europe early next year to meet the commissioner and new parliament members of the European Union (EU) to present Malaysia's efforts and success in promoting sustainable oil palm industry.

"We want to present to them what Malaysia has done in the last two years. Europe wants sustainable palm oil and we are doing it, even the smallholders when the government helps them to get the Malaysian Sustainable Palm Oil (MSPO) certification. Our oil palm industry players replant forest trees and contributed to forest conservation," she said.

Highlighting one of Malaysia's efforts, Kok said the additional RM1 cess per tonne of palm oil produced would be collected and parked into a fund for green initiatives, which will be utilised for wildlife conservation purposes and green initiatives, especially replanting of forest trees.

She hoped the EU will accept and recognised Malaysia's green agenda and MSPO, thus import the commodity more as well as stop throwing accusations against palm oil.

On the MSPO certification, Kok said the target of 100% by Dec 31 was not achieved as the challenge was with the smallholders, however, they are now more aware of the need for the certification as well have shown interest following the promotion by the media.

She said industry players’ awareness on the certification had increased whereby 62.14% of the 5.85 million hectares of oil palm planted areas in Malaysia had achieved MSPO certification as at Dec 19 compared with only 17% when she headed the ministry.

Kok said she was confident that the target of 70% of the oil palm planted areas in Malaysia to be MSPO-certified could be achieved by February 2020.

Posted by bensonlam33222 > 2019-12-21 16:40 | Report Abuse

year 2020 is the year of palm oil stock .huat huat. RM6

Posted by Gabriel Khoo > 2019-12-21 19:30 | Report Abuse

Yes. SOP profit will hit record high possible to break 300m

Posted by enning22 > 2019-12-23 09:35 | Report Abuse

gentp .KLK , reacted more favourably.

Posted by LouiseS > 2019-12-23 17:05 | Report Abuse

SOP's earning performance has been overall unstable in last five years, whereby its earning per share overall fluctuated from 10.9 sen to 40.8sen. Its earnings mostly has been affected by high operating costs in the latest financial year. Dividend payout in the 2018 financial year totalled 6 sen per share, which corresponds to a dividend yield of 1.66%.

https://louisesinvesting.blogspot.com/2019/12/comments-on-sarawak-oil-palms-berhad.html

Posted by Gabriel Khoo > 2019-12-23 17:11 | Report Abuse

Cost cut and mechanisation lowered production cost We estimate SOP’s 9M19 all-in cost of production for its upstream ops at MYR1,665/t (-8% YoY). We understand the lower YoY cost was due to cost cutting measures undertaken and introduction of more mechanisation to counter rising wage bills. As for fertiliser, we understand SOP has applied ~90% of its full-year fertiliser requirement in 9M19 (9M18: ~85%).

Posted by enning22 > 2019-12-25 11:05 | Report Abuse

SOP's earning performance was unstable in last five years,largely due to CPO selling price fluctuation,the price trend was from a high of 2900 and drop to a low of 1800, a product break- even or negative level.There were many reasons contributed to this phenomena.One of them was over production in Indonesia, building a glut of palm oil supply.To remove the glut,Indonesia introduced ,and mandated effect 2020January,to put into effect B30 biodiessel (30%palmoil content)program to be used in vehicles of the country.Further to this B40,B50 are on the testing pipe line, waiting to be enforsed.Malaysia will also introduce B20 biodiessel program.Industry sources ,estimated 10 million ton of oil would be used in this program.Thus the oil glut situation is now effectively reduced, or removed, CPO selling price is now finally back to normal.

Posted by enning22 > 2019-12-25 15:06 | Report Abuse

https://klse.i3investor.com/blogs/bfm_podcast/2019-12-24-story-h1481914755-A_Year_in_Review_Palm_Oil.jsp

Posted by enning22 > 2019-12-26 15:45 | Report Abuse

棕榈油涨幅十年最大
2019-12-26

全球消费量最大的食用油棕榈油今年似乎时来运转，价格从五个月前的四年低点扶摇直上，全年涨幅可能创近十年来最大，预料2020年的前景将更光明，主要受印尼生物燃料政策、产量下滑及中国需求增加所带动。

20191226/ae73b0d740992765e215d7126db48462.jpg

马来西亚棕榈油基准期货价格在五个月前跌到四年来最低，因投资人担忧库存居高不下、印尼及中国的需求下滑，以及欧盟认为棕榈油可能有害环境而限制进口。

棕榈油两大生产国马来西亚和印尼在10月扬言扩大贸易争议，进一步打击棕榈油的销售与价格。

不过，日前参加巴厘岛产业会议的知名分析师警告，干旱气候和霾害将伤害棕榈油产量；同时，印尼正专注于强制推动B30生物燃料计划，可能使印尼成为全球最大棕榈油消费及供应国。

这也有助带动棕榈油延续涨势，从7月底的低点反弹50%至每吨逾2,900林吉特（700美元），今年可能上涨35%，可能是近十年来最大涨幅。

多数产业分析师预估，棕榈油明年将维持在高价位水准，预估明年的平均每吨价格中位数为2,600林吉特，可能是三年来最高，也将高于今年的2,240林吉特。

Posted by enning22 > 2019-12-26 18:00 | Report Abuse

kcpo end today reaching 3000 ringgit.

Posted by enning22 > 2019-12-27 11:43 | Report Abuse

吉隆坡26日讯）行业人士预测12月首20天棕榈油产量跌幅比预期严重，导致马来西亚棕榈油期货价格周四（26日）进一步扬升，达到3年来最高水平。

马来西亚交易所衍生品交易所棕榈油期货3月货上升1.1%，至2956令吉，是自2017年2月16日以来的最高水平。棕榈油价格年头至今已上扬38%，预期将是近10年来表现最佳的一年。

3月棕榈油期货合约周四5时报2993令吉，涨70令吉。

棕榈油交易商和分析员称，由于马来西亚及印尼今年初降雨量低，且减少使用肥料，棕榈油产量在2020年上半年将下降。孟买植物油经纪公司尚文集团（Sunvin Group）研究主管表示，马来西亚棕榈油协会预计12月首20天的棕榈油产量按月下滑16%；而市场的预测数据为下滑13%到15%左右。

此外，货运调查公司Intertek Testing Service指出，马来西亚棕榈油产品出口在12月1日至25日期间从上个月的119万吨，减少12.8%，至104万吨。

但马来西亚政府计划在明年2月之前，在交通运输业实施B20生物柴油计划，即在生物柴油参入更高的棕榈油成份，因此，市场人士认为国内消费有望增加。

印尼则在周一（23日）推出了含30%棕榈油燃料的生物柴油，是全球强制融入最高棕榈油成份的混合燃料。

Posted by EngineeringProfit > 2019-12-27 11:44 | Report Abuse

huat ar

Posted by Up_down > 2019-12-27 12:54 | Report Abuse

Market is quite efficient in responding theme play nowadays. Fast and furious!

Posted by EngineeringProfit > 2019-12-27 14:34 | Report Abuse

Too efficient

Posted by Gabriel Khoo > 2019-12-27 14:37 | Report Abuse

300M

Posted by EngineeringProfit > 2019-12-27 14:37 | Report Abuse

Can gap up or not?

Posted by Ningen > 2019-12-27 14:45 | Report Abuse

cpo futures third month RM3050 now , up RM45

Posted by PH_better > 2019-12-27 14:48 | Report Abuse

Sime Plant 5.4 loss QR why SOP much less?

Posted by Gabriel Khoo > 2019-12-27 15:13 | Report Abuse

1st SOP is an efficient planter now compared in 2017
2nd SOP lack of retailers, will slowly move up amd steady
3rd SOP is an fully intergrated + sustainable palm oil

Posted by Gabriel Khoo > 2019-12-27 15:14 | Report Abuse

If stay at this cpo for 2020. Profit will hit 300m

Posted by EngineeringProfit > 2019-12-27 16:18 | Report Abuse

VROOM......

Posted by Gabriel Khoo > 2019-12-27 16:22 | Report Abuse

Now still singer digit pe for 2020.

Posted by EngineeringProfit > 2019-12-27 16:26 | Report Abuse

Wow.....cool

Posted by gemfinder > 2019-12-27 16:58 | Report Abuse

up to rm5

Posted by EngineeringProfit > 2019-12-27 17:09 | Report Abuse

UP......UP........

Posted by ramada > 2019-12-27 19:19 | Report Abuse

Read this.
https://www.theedgemarkets.com/article/genting-plantations-sarawak-oil-palms-cpo-stays-above-rm3000tonne

Posted by bensonlam33222 > 2019-12-27 19:57 | Report Abuse

I am bullish about this stock

Posted by enning22 > 2019-12-28 12:49 | Report Abuse

印尼1月份将征收棕榈油出口税？棕榈油大涨逾3％

据印尼贸易部，鉴于棕榈油价高于729.72美元/吨的基准价，印尼将于2020年1月征收50美元/吨棕榈油出口税。

棕榈油主产区减产、降库存担忧、美豆期价上涨、印尼生物柴油政策等继续提振市场。

Posted by Gabriel Khoo > 2019-12-28 16:48 | Report Abuse

Indo levy favor malaysia cpo price

Posted by enning22 > 2019-12-28 19:37 | Report Abuse

Palm oil on track for best year in a decade

Bloomberg reported that growing worries about production disruptions and brighter outlook for its biofuel use are keeping the world's most-consumed cooking oil on track for the best year in a decade.
The third month CPO futures contract on Bursa Derivatives added RM67, or 2.2% to RM3,072 a tonne after estimates by the Malaysian Palm Oil Association showed output in Malaysia dropped 16.4% during Dec 1-20 from a month earlier.

https://www.thestar.com.my/business/business-news/2019/12/27/palm-oil-on-track-for-best-year-in-a-decade

Posted by pang72 > 2019-12-28 22:59 |

Post removed.Why?

Posted by pang72 > 2019-12-29 12:25 |

Post removed.Why?

Posted by pang72 > 2019-12-29 12:26 |

Post removed.Why?

Posted by gemfinder > 2019-12-29 14:03 | Report Abuse

Just now u said too late oredi.. oredi delete post. Now said aim for 10? Ular dua kepala ka

Posted by pang72 > 2019-12-29 14:22 | Report Abuse

.... I want to test who deleted my post mah....!!

Posted by pang72 > 2019-12-29 14:23 | Report Abuse

Hihi..

Posted by pang72 > 2019-12-29 14:55 | Report Abuse

Write good one, no one delete leh...

Why hur?

Posted by pang72 > 2019-12-29 14:55 |

Post removed.Why?