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

cepatwawasan june results out.

Posted by bluered > 2020-07-22 19:59 | Report Abuse

555- tp 8

Posted by ryan_och > 2020-07-23 11:10 | Report Abuse

next target 4.3

Posted by enning22 > 2020-07-23 14:52 | Report Abuse

massive flooding in china,destroyed crops, as the result ,they should import more palm oil and related products.,orders should come by one or next two months time.

Posted by enning22 > 2020-07-23 15:11 | Report Abuse

cpo up like crazy, today up 40 rm ,reaching ,2790 /ton,and still going strong.

Posted by ryan_och > 2020-07-23 15:44 | Report Abuse

gogogo, break3.79, another uptrend

Posted by ryan_och > 2020-07-23 15:49 | Report Abuse

no more selling pressure, previous up volume still holding

Posted by ryan_och > 2020-07-23 15:55 | Report Abuse

Feb CRUDE PALM OIL 26,036
March CRUDE PALM OIL 29,374
Apr CRUDE PALM OIL 31,281
May CRUDE PALM OIL 32,889
June CRUDE PALM OIL 33,897

Posted by jojo85 > 2020-07-24 00:44 | Report Abuse

May hits rm 4 as soon as tomolo

Posted by Maybank8 > 2020-07-24 09:41 | Report Abuse

Maybank TP no revise?

Posted by Maybank8 > 2020-07-24 09:45 | Report Abuse

RHB TP highest? How much?

Posted by Maybank8 > 2020-07-24 09:46 | Report Abuse

Penta, TGuan why rerating?

Posted by enning22 > 2020-07-24 09:51 | Report Abuse

https://klse.i3investor.com/blogs/savemalaysia/2020-07-22-story-h1510689692-Palm_oil_industry_may_see_full_recovery_in_4Q20_if_pandemic_manageable_.jsp

Posted by ryan_och > 2020-07-24 10:12 | Report Abuse

just wait

Posted by Gabriel Khoo > 2020-07-24 10:46 | Report Abuse

Rm6

Posted by Gabriel Khoo > 2020-07-24 10:47 | Report Abuse

https://www.klsescreener.com/v2/news/view/706711

Posted by Gabriel Khoo > 2020-07-24 10:47 | Report Abuse

https://www.klsescreener.com/v2/news/view/706705

Posted by bclassinvest > 2020-07-24 11:09 | Report Abuse

Hold on tight. Good news coming.

Posted by jojo85 > 2020-07-24 12:23 | Report Abuse

Why drop suddenly? Earthquack or what?

Posted by bluered > 2020-07-24 13:08 | Report Abuse

esos on profit taking

Posted by skyea > 2020-07-24 14:35 | Report Abuse

https://www.theedgemarkets.com/article/indonesias-palm-oil-reserves-seen-slumping-16month-low

Posted by enning22 > 2020-07-24 14:43 | Report Abuse

these analysts talked about the price of CPO,, should not chase up too high, currently 2800rm , or higher that may not last , that is reasonable, 2500--2600 , be more reasonable, at these price , plantation houses, still fetched good profit, as the prodiction cost ranged between 1800-2000.

Posted by skyea > 2020-07-24 14:50 | Report Abuse

JAKARTA (July 23): Palm oil stockpiles in Indonesia, the world's top grower, will probably plunge to their smallest in 16 months by the end of July as production hits the lowest in more than two years after floods in major growing regions disrupted the harvest and delivery of fruit to mills.

Reserves are forecast to fall more than 10% from a month earlier to three million tons, according to the median estimate from five analysts and plantation executives compiled by Bloomberg. Production will drop 8.3% to 3.54 million tons from an estimated 3.86 million tons in June, the survey showed.


meanwhile, bursa announcements show SOP is able to increase production yoy.

so the indon's predicament is propping up prices, while SOP mthly statistics show that it is able to increase production yoy to capture the rally in palm prices.

Posted by Gabriel Khoo > 2020-07-24 16:00 | Report Abuse

SOP production cost around 1650 per mt
Based on 2600 SOP could generate 200M +

Posted by Gabriel Khoo > 2020-07-24 16:01 | Report Abuse

With average PE of 17.5
TP should be above RM6

Posted by Plantermen > 2020-07-24 16:03 | Report Abuse

Peat soil planting cost is sustainably higher

Posted by Gabriel Khoo > 2020-07-24 16:15 | Report Abuse

SOP is managing it well. SOP has now become an efficient intergrated plantation company after years of transformation and its still on going especially towards automation.
Rank no 7 in term of size.
Cheapest valuation in the market.

Posted by Gabriel Khoo > 2020-07-24 16:16 | Report Abuse

No more planting in peat soil since 2014.

Posted by enning22 > 2020-07-24 17:50 | Report Abuse

i think ,palmoil market is experiencing a " squeeze" for oil for near team , bursa fcpo climbs up 100 rm.

Posted by jojo85 > 2020-07-24 18:09 | Report Abuse

Buy rate 62%...price not jump..insti wants to buy cheap..look at TSH perfomance today, up more than 10%.

Posted by gemfinder > 2020-07-24 23:22 | Report Abuse

Rm6 at least

Posted by 5354_ > 2020-07-27 11:41 | Report Abuse

TP RM 4.2.

Posted by ryan_och > 2020-07-27 16:03 | Report Abuse

FCPO below 2723, run first

Posted by 5354_ > 2020-07-27 17:34 | Report Abuse

IBs' goreng gloves not CPO why ah?

power88 Sop very soon 4.5
24/07/2020 10:35 PM

gemfinder Rm6 at least
24/07/2020 11:22 PM

Posted by skyea > 2020-07-27 18:45 | Report Abuse

united plantation result out...super strong

Posted by enning22 > 2020-08-03 10:58 | Report Abuse

today fcpo touched 2800/per tonnes again

Posted by Gabriel Khoo > 2020-08-03 17:40 | Report Abuse

Malaysia's palm oil exports in July rose 5.8 per cent from June, cargo surveyor Intertek Testing Services said on Friday.

Posted by enning22 > 2020-08-04 15:11 | Report Abuse

high demand for oil ,usually will begin on September, preparing for year end festive seasons.

Posted by enning22 > 2020-08-05 12:13 | Report Abuse

today GCB in focus.

Posted by johoran > 2020-08-07 17:04 | Report Abuse

collect more..cheap sale

Posted by johoran > 2020-08-07 17:04 | Report Abuse

cpo still 2750 above

Posted by Gabriel Khoo > 2020-08-09 21:58 | Report Abuse

CPO might trigger MIB analysts to raise TP to 5.6...

Posted by Teoh09 > 2020-08-10 14:51 | Report Abuse

But why is the price keeps going down?

Posted by ChoCho > 2020-08-11 00:58 | Report Abuse

SOP tracks the CPO price closely. Currently both are forming bullish flag in 1hr chart. Hopefully can breakout anytime soon.

Posted by Gabriel Khoo > 2020-08-12 00:37 | Report Abuse

BIBM:-
Sector Update
Plantation: MPOB Monthly Statistics July 2020

Neutral ◄►

Inventory eased further to 1.70m tonnes in July

CPO production contracted to 1.81m tonnes vs. 1.89m tonnes in June

Palm oil exports surged 4.2% mom to 1.78m tonnes.

We revised our average CPO price forecast for 2020 to RM2,500/MT from RM2,300/MT previous estimate. Neutral call on the sector retained.

Posted by Gabriel Khoo > 2020-08-12 00:38 | Report Abuse

Previous TP was based on CPO of 2300
Now 2500...new TP?

Posted by Cheong88 > 2020-08-13 17:43 | Report Abuse

Monthly production figures for SOP:
Jan 2020
FFB 97,494
CRUDE PALM OIL 28,983
PALM KERNEL 6,358

Feb 2020
FFB 94,091
CRUDE PALM OIL 26,036
PALM KERNEL 5,562

March 2020
FFB 102,082
CRUDE PALM OIL 29,374
PALM KERNEL 6,512

April 2020
FFB 107,627
CRUDE PALM OIL 31,281
PALM KERNEL 6,483

May 2020
FFB 113,066
CRUDE PALM OIL 32,889
PALM KERNEL 6,941

June 2020
FFB 123,951
CRUDE PALM OIL 33,897
PALM KERNEL 7,387



EPS on Jan -Mar 2020: 12.47 sen

Taking consideration of reduced price on April and May, (https://markets.businessinsider.com/commodities/palm-oil-price), with the increment of production, i think it can offset the price reduction.

I think the coming QR should be as good as Jan- Mar (like what happened in united plantation)

Another hopeful thing is that Malaysia palm oil export is still increasing.
http://mpoc.org.my/monthly-palm-oil-trade-statistics-2020/

If the coming QR is about the same with Jan-Mar, PE would be very much lower compared to others in the plantation sector.

Posted by Cheong88 > 2020-08-13 20:29 | Report Abuse

https://simplywall.st/news/theres-a-lot-to-like-about-sarawak-oil-palms-berhads-klsesop-upcoming-rm0-05-dividend/

Old article, but worth reading.

Posted by EngineeringProfit > 2020-08-13 22:37 | Report Abuse

huat ar

Posted by power88 > 2020-08-14 08:46 | Report Abuse

KUALA LUMPUR: Despite the current crude palm oil (CPO) price rally, the momentum may not be sustainable in the fourth-quarter of this year as stockpile is expected to rise during the peak production period.

PublicInvest Research has revised its average CPO price to around RM2,500 per tonne in 2020 from RM2,300 per tonne previously to account for the rise in the year-to-date price of the commodity.

With the upward adjustment to its CPO price assumption, it has also raised its price-to-earnings ratio valuations across the companies under its coverage by two times to reflect improved outlook compared with the pre-movement control order period.

PublicInvest Research liked upstream plantation companies, as their earnings are more sensitive to the fluctuation in CPO movements.“Upstream producers will be more sensitive to CPO prices as margins will at least double on the back of stronger sales as well as a sharp decline in CPO production cost.

“Almost all plantation companies under our coverage recorded stronger fresh fruit bunch (FFB) production on a year-on-year and quarter-on-quarter basis with Sarawak Plantation Bhd seeing the strongest FFB production growth of 47.4% year-on-year, ” it said.“Our sensitivity analysis suggests that a RM100 per tonne jump in CPO prices will see earnings recover by as much as 10% to 20%.”