Expecting a Bonus Issue? 1) The RM 247 M Share Premium must soon be utilized for the Bonus Issue. 2) Base on the past year treatment, Bonus Issue will be offered 6 month after a Rights Issue is completed.
America soyabean crop this year looks as not growing well as earlier expected., soyabeans price keep firming up, so far up 5% from low.CPO price turns steady as well.
don't be silly,BN helds themselves only nor for anybody else.SOP 4 rm by year end is possible as profit result would be excellence.Drought condition is developing in US farm belt, if that happens,best for CPO price.
Palm hits two-month high on stronger soyoil July 25, 2017 20:55 pm MYT KUALA LUMPUR (July 25): Malaysian palm oil futures surged nearly 3% to two-month highs on Tuesday evening, supported by expectations of lower than forecast production in July and tracking strong gains in soyoil on the Chicago Board of Trade (CBOT). The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange was up 2.9% at RM2,626 (US$613.55) a tonne at the close. That was the highest since May 23 thanks to the best daily gain in more than three months. Traded volumes stood at 53,471 lots of 25 tonnes each in the evening. "The palm market was up, riding the CBOT rally on reports of crop damage," one Kuala Lumpur-based futures trader said. The October soybean oil contract on CBOT rose by 0.9%, in line with soybean prices that hit two-week highs after the US Department of Agriculture said that recent dry weather had damaged more of the crop than expected. Palm oil prices track movements in related edible oils that compete for a share in the global vegetable oils market. The trader said the market had lowered its forecast for palm oil production in July, supporting prices in early Tuesday trade. Palm oil production in Malaysia, the second-largest producer behind Indonesia, is seen rising in the second half of the year, but gains could be limited by the lingering impact of the crop-damaging El Nino in 2015. Production in 2017 is estimated to reach between 18.7 million tonnes and 19.5 million tonnes, up by about 10% from 2016 levels but below the record high of 19.96 million tonnes in 2015. Palm oil seems to have stabilised around support at RM2,541 a tonne and could rise towards resistance at RM2,591, said Wang Tao, a Reuters market analyst for commodities and energy technicals.
Palm, soy and crude oil prices at 1208 GMT
Contract Month Last Change Low High Volume MY PALM OIL AUG7 2650 +57.00 2603 2650 1612 MY PALM OIL SEP7 2635 +71.00 2578 2640 7290 MY PALM OIL OCT7 2625 +73.00 2565 2631 25817 CHINA PALM OLEIN SEP7 0 +0.00 0 0 0 CHINA SOYOIL SEP7 0 +0.00 0 0 0 CBOT SOY OIL DEC7 34.32 +0.23 34.2 34.62 14980 INDIA PALM OIL JUL7 484.80 +5.30 480.00 485.3 1415 INDIA SOYOIL AUG7 644.3 +5.50 641.05 646.5 32010 NYMEX CRUDE SEP7 47.24 +0.90 46.38 47.27 204153 Palm oil prices in Malaysian ringgit per tonne
CPO price today climbs to 2679 rm for spot delivery.fantastic price for plantation stocks.if CPO price reaches 3000rm per tonnes, like last year,many FUNDS would come in for sure.
due to annual seasonal variation in supply and demand and pricing factors, the four quaterly results can be estimated in this pattern ,for SOP: 1Q--70M, 2Q-45/50M , 3Q--45/55M, 4Q--70/80M. as rough estimate.so a minimum of 200m plus is assured, as investment stock,not too bad .
SOP dividend yield is unattractive. It will worth a lot more only if Management is a bit more generous in dividend. Steady and very safe business, sure profitable be it good time bad time.
New Delhi, Aug 11 (PTI) The government today hiked the import duty on crude palm oil to 15 per cent from 7.5 per cent and on refined to 25 per cent from 15 per cent to curb cheaper shipments and boost local prices for supporting domestic farmers and refiners. The import duties on other crude edible oils like soya and sunflower have been raised to 17.5 per cent from 12.5 per cent, according to a notification issued by the Central Board of Excise and Customs. The hike in import duty of crude and refined palm oil will help restrict cheaper imports from Malaysia and Indonesia and benefit farmers which are in distress due to fall in prices of oilseeds below minimum support price because of bumper production. On July 27, an inter-ministerial panel headed by Finance Minister Arun Jaitley had reviewed edible oil availability in the country and discussed ways to deal with rising imports. A committee was set up later to look into import duty structure for checking cheap cooking oil shipments. Edible oil industry body Solvent Extractors Association (SEA) welcomed the step, saying the move would help farmers to some extent but wanted duty difference between the crude palm oil and refined palm oil to be 15 per cent to support domestic processors. "This is a welcome step to support the farmers. At the same time, the government could have raised the duty difference between crude palm oil and refined palmolein to 12.5-15 per cent to support domestic refiners for value addition," SEA Executive Director B V Mehta told PTI. He said the decision would help in restricting cheaper imports to protect domestic farmers and processors. "We import 70 per cent of the edible oil requirement. So, the landed cost of imported oil be such that it do not affect domestic farmers and processors," Mehta said. India imports about 14.5 million tonnes of vegetable oils (edible and non-edible) per year to meet domestic demand. Vegetable oil imports increased by 15 per cent in June at 13.44 lakh tonnes, according to industry data. In the first eight months of the current 2016-17 oil marketing year, the import of vegetable oils rose marginally at 98,63,572 tonnes compared to 97,63,043 tonnes. The move is also expected to give a boost to sowing of oil seeds in the ongoing season. PTI MJH LUX MR
Coldinvestor, do you mind to share more about trend investing? I'm very agreed on trend investment, but the problem I face is I don't know how to measure how long the trend will continue.
For example, if SOP share price increase from RM3.50 to RM3.80, how I know whether the uptrend will continue or it will reverse back to RM3.50? Even if I make a right decision bought at RM3.80, and it continue uptrend to RM4.50, should I sell or hold?
I have many counter in my portfolio, when it raise 20-30%, I didn't sell it, then it reverse back. I have also have many counter, where I sell it with 30% gain, but it continue uptrend 200%-300%.
But I'm still confuse that how to measure how long the trend will going on.
For example, assume Crude Oil has been moving uptrend from USD43 on May'17, until USD60 on Sep'17, and many newspaper / analyst expect Crude Oil can reach USD70 by Dec'17.
At the same time, news come out that Soybean yield dropping, due to El-Nino, and Palm Oil price has been moving uptrend from RM2600 - RM3000 on Sep'17, and many newspaper / analyst expect Palm Oil can reach RM3400 by Dec'17.
Assume now is end of Sep'17, and SOP price is RM4.50 (up from RM3.50), would you jump in to buy SOP based on the above scenario? How you predict Palm Oil and Crude Oil will continue uptrend as per those analyst said? How can we know whether OPEC will suddenly increase production, or suddenly China impose import tariff on Palm Oil, or suddenly EU announce not to consume Palm Oil...etc?
I remember last year December, Palm Oil price increase to above RM3000, many analyst predict this trend will continue, as El-Nino effect will affect western country soybean production, Najib meet China President and China will import more Palm oil from Malaysia..blar..blar..blar. Then few month later, Palm Oil drop to RM2600.
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Ckk2266
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Posted by Ckk2266 > 2017-06-06 16:27 | Report Abuse
Bought SOP @ 3.46