Posted by enning22 > 2020-07-03 14:54 | Report Abuse

now investors attention are on electronics, rubber glove ,stocks,

Posted by GPS_Sarawak > 2020-07-08 12:06 | Report Abuse

I no talk nobody will protect?

Posted by GPS_Sarawak > 2020-07-08 12:07 | Report Abuse

GPS jump PN gone?

Posted by Investorrr > 2020-07-09 17:37 | Report Abuse

Soon price to spike to rm3.9 after brief consolidation

Posted by Investorrr > 2020-07-09 17:37 | Report Abuse

Bullish

Posted by Investorrr > 2020-07-09 17:41 | Report Abuse

2nd target rm6..order keep coming in from India
China ,middle east,US

Posted by bluered > 2020-07-10 12:48 | Report Abuse

555-tp 8

Posted by power88 > 2020-07-10 13:14 | Report Abuse

Eps 26 ... if pe 20= 5.2

Posted by power88 > 2020-07-10 13:26 | Report Abuse

Rm 3.00.... cheap

Posted by emily > 2020-07-10 15:56 | Report Abuse

NEW DELHI (July 10): As the highest ranks of the world’s palm oil industry gathered in a virtual conference last month, it became clear they were anxious about the same issue: The oil has a severe image problem in India.

Posted by emily > 2020-07-10 15:56 | Report Abuse

The South Asian nation, home to more than US$5 billion (RM21.35 billion) in palm sales a year and the top export market, is no longer enthralled with the oil. Demand, mostly driven by the service sector, has dried up due to the Covid-19 lockdowns, and households just don’t want it.

Posted by emily > 2020-07-10 15:56 | Report Abuse

The hurdle is that palm is viewed as a cheaper, less healthy option, and households prefer oils made from soy, sunflowers and mustard seed. With restaurants, hotels and school cafeterias (the largest buyers) unlikely to return to normalcy any time soon, the industry needs to find a way to change people’s minds

Posted by emily > 2020-07-10 15:56 | Report Abuse

During the early years, palm was distributed in India through ration shops, which gave it the tag of being a poor man’s oil,” said Atul Chaturvedi, the president of the Solvent Extractors’ Association of India. “No attempt was ever made to rectify this wrong perception about this wonderful gift of nature.

Posted by emily > 2020-07-10 15:57 | Report Abuse

In the southern state of Tamil Nadu, state-run ration shops sell refined palm oil to impoverished communities at a subsidized price of 25 rupees (33 US cents or RM1.42) per litre, more than a third cheaper than usual. Meanwhile, retail prices of cooking oils such as soyoil and sunflower oil cost between 125 rupees to 200 rupees a litre, giving them the air of being better oils

Posted by bluered > 2020-07-10 18:56 | Report Abuse

very very soon.........

Posted by power88 > 2020-07-13 15:15 | Report Abuse

Collect... before 4.00

Posted by power88 > 2020-07-14 08:13 | Report Abuse

Crude palm oil cpo relationship

PETALING JAYA: Plantation companies are expected to report higher earnings on a quarter-on-quarter (q-o-q) and year-on-year (y-o-y) basis in the second quarter of this year.

According to CGS-CIMB Research, this will be driven by a 14% y-o-y rise in the average crude palm oil (CPO) price and a 7.4% y-o-y improvement in CPO output from the local estates.

In an early peek into planters’ Q2 results, the research unit said “earnings are projected to be much better than 1Q20 as a 34.5% quarter-on-quarter (q-o-q) increase in output will more than offset the 16% q-o-q fall in CPO price.

“We also expect CPO prices to trade in the range of RM2,200-RM2,500 per tonne this month and an estimated average of RM2,300 per tonne for 2020.”

In its latest report, CGS-CIMB has projected that local palm oil stocks to rise by 6% month-on-month (m-o-m) to 2.01 million tonnes at end-July as “we expect output to be flattish, while exports are expected to fall by 10% m-o-m as we do not expect the high export base in June to be sustained”.

Positive outlook: TA Securities believes that exports will continue to recover in the next two months due to the decline in palm oil inventories in China and India, coupled with an attractive CPO discount against other edible oils.Positive outlook: TA Securities believes that exports will continue to recover in the next two months due to the decline in palm oil inventories in China and India, coupled with an attractive CPO discount against other edible oils.

On MPOB’s newly released palm oil statistics for June, CGS-CIMB said recovering demand helps to pare down palm oil stocks by 6.3% m-o-m to 1.9 million tonnes, lower than its forecasts, due to higher exports and domestic usage.

“We suspect there could be the continuation of restocking activities by consumers as the economy reopened after the lockdown in April, ” it added.

The research unit expects the restocking activities to continue this month but “at a slower pace” in view of the zero export tax in Malaysia and low palm oil stock levels in China and India.

CGS-CIMB also said that the lower stockpiles were supportive of near-term CPO prices.

Meanwhile, Affin Hwang Research has remained cautious on the CPO price outlook.

There has been price recovery in June, partly attributable to the pickup in demand from several key importing countries due to restocking activities.

Nevertheless, the research unit said: “We expect CPO prices to fall under pressure in the second half of 2020 amid rising stock levels in producing countries (as we think palm-oil production will outweigh total consumption in 2H20).

“There is also rising concerns on a Covid-19 second wave at key importing countries and potentially slower demand from China as they rebuild their swine population (which means more crushing of soybeans for feeds and more supply of soy oil in the China market), ” it noted.

Hence, Affin-Hwang Research is maintaining its CPO price assumption for 2020-2021 at RM2,100-RM2,250 per tonne.

This is given its more cautious stance on the demand outlook and a weak crude oil price environment.

It added that the catalyst for CPO prices in the short term would likely be demand due to restocking activities and reopening of economies.

However, the downside to the research unit’s CPO forecast would be from prolonged uncertainties in the market due to COVID-19 and low crude oil prices.

According to TA Securities Research, although the palm oil inventory in June fell to below the two million tonnes threshold, the output growth rate was more than expected. “This may probably put some downward pressure on CPO prices, ”it said in its latest report.

On a positive note, TA Securities believes that exports will continue to recover in the next two months due to the decline of palm oil inventories in China and India coupled with attractive CPO discount against other edible oils.

However, when the buffer is sufficiently restocked, the procurement rhythm is expected to slow down and normalised.

“There is no change to our average CPO price forecast of RM2,400 per tonne in 2020.

“Going forward, the focus should centre on the strength of China and India’s inventory replenishment as well as the potential Indonesia’s production cuts, ” it added

Posted by power88 > 2020-07-15 16:03 | Report Abuse

Volume high, break through... fly... buy before late

Posted by power88 > 2020-07-15 22:41 | Report Abuse

cpo 2600.....

Posted by johoran > 2020-07-16 00:16 | Report Abuse

Glove stock rest, Plantation stock moving

Posted by Gabriel Khoo > 2020-07-16 00:27 | Report Abuse

Im back...back sop agains after sold in q42019...looking forward for good return.

Posted by enning22 > 2020-07-16 11:40 | Report Abuse

if cpo price touchs 3000 rm , stock price would shoot up like rocket.

Posted by bluered > 2020-07-16 13:40 | Report Abuse

3.6 .....benchmark.

Posted by Gabriel Khoo > 2020-07-16 16:46 | Report Abuse

CPO 2.3K RM3.6+
CPO 2.4K RM4.0+
CPO 2.5K RM4.8+

Posted by Albukhary > 2020-07-16 16:54 | Report Abuse

Yes, after Glove Trend come down, next trend will be Palm Oil.

CPO is like Glove ASP.

Every RM100 increase is CPO price, will affect the Plantation Company profit by 100%-150%. So many loss making plantation counter will turn profit.

Posted by jojo85 > 2020-07-16 17:15 | Report Abuse

Hello im new..Where to monitor fcpo live?

Posted by Jaack1 > 2020-07-16 17:42 | Report Abuse

https://www.bursamalaysia.com/market_information/derivatives_prices

Posted by VenFx > 2020-07-16 20:34 | Report Abuse

3.40 COMING ?

Posted by Gabriel Khoo > 2020-07-16 22:27 | Report Abuse

4

Posted by PH_better > 2020-07-17 10:22 | Report Abuse

4 no hope? Why GPS no jump to PH?

Posted by enning22 > 2020-07-17 10:40 | Report Abuse

cpo price today climbs 50 rm up in theearly morning session , traded currently at 2665 rm/ton for august delivery

Posted by jojo85 > 2020-07-17 10:43 | Report Abuse

Come on FCPO...

Posted by enning22 > 2020-07-17 11:12 | Report Abuse

sop --low risk,sure money stock , where to find.

Posted by Gabriel Khoo > 2020-07-17 11:38 | Report Abuse

Yes....enning22 whenever below rm3...i will buy

Posted by enning22 > 2020-07-17 11:50 | Report Abuse

that needs dr.m come out and poke fire, make quarrels with India government ,so create another round of India import boycott.

Posted by Gabriel Khoo > 2020-07-17 13:16 | Report Abuse

So i bought now see return

Posted by ryan_och > 2020-07-17 15:53 | Report Abuse

easily break

Posted by enning22 > 2020-07-17 17:06 | Report Abuse

crazy lah,fcpo up almost 100 rm for the full day.

Posted by jojo85 > 2020-07-17 17:33 | Report Abuse

I got my ticket at 2.98..see next week pulak..congrats to all ticket holder..

Posted by Unfair > 2020-07-18 04:43 | Report Abuse

Pity CPO sector unlike glove or tech sector which commands high PE.

Posted by enning22 > 2020-07-18 07:59 | Report Abuse

tech stocks still look very promising, rubber globe -stocks only for short term, vaccine for the pandemic would be available soon , after that who know what will happen, CPO stocks likely or should enjoy abit of the bullish strength , atleast ,till the end of the year.

Posted by EngineeringProfit > 2020-07-18 22:02 | Report Abuse

PE 40 = 10.00

huat ar

Posted by Gabriel Khoo > 2020-07-19 22:01 | Report Abuse

https://www.cnbcindonesia.com/market/20200717103857-19-173462/lockdown-dibuka-mgro-optimistis-harga-cpo-membaik-di-q3-2020

Posted by Gabriel Khoo > 2020-07-19 22:01 | Report Abuse

https://www.cnbcindonesia.com/market/20200719155956-17-173787/melesat-lebih-dari-34-harga-cpo-tiru-pola-resesi-2008

Posted by ryan_och > 2020-07-20 09:18 | Report Abuse

PE 80 = 20.00 haha

Posted by bclassinvest > 2020-07-20 10:24 | Report Abuse

Q1 profit after tax(strip off derivative gains) = RM33m. EPS =5.8c

Posted by bclassinvest > 2020-07-20 10:26 | Report Abuse

Q2 profit will be higher. RM4 short term.

Posted by jojo85 > 2020-07-20 11:03 | Report Abuse

Done TP...hope will get it for 2nd round when it retraces

Posted by enning22 > 2020-07-22 11:31 | Report Abuse

it realy needs cpo 3000 rm/ton to shake up people's mind.

Posted by skyea > 2020-07-22 14:55 | Report Abuse

halo, government say all malaysians must follow sop strictly. i think government want to push this counter.