Price of palm oil product fell QoQ% by 10.7% and price of palm kernel products fell QoQ% by 35% but revenue increased by 9% and operating profit increased by 44%. Given the age profile of their plantation, this company is going to be generating huge amount of growth especially when CPO price experiences a turnaround
whether to top up again? manage your own risk ... the uptrend was only started from 23/24-Aug ... may refer to previous uptrend, historically how long the run will extend :D
full year net profit easily exceed 300 millions ,can be even higher in years ahead as more plants come into maturity,what else to look for?how many listed companies can give this kind of result?
Good. TP revised upwards. To continue monitor the cpo price and the issues surrounding the plantation industry will lead you to right direction. Earning for 2H may not be higher than 1H. Especially Q3, may see some lower earnings i.e. around 55mil. Nevertheless, i would still believe the fy2017 profit will still beat maybank research report of rm183m. Good luck guy.
why suggest a q3 lower earning? what we have seen is higher FFB and cpo production figure, and higher global cpo price. it is amazing to suggest a smaller figure,which i think ,purely is a wild quess .AS usually q3 and q4 are strong demand seasons for oils/fats, as many festive seasons are around the corner.
2q earning figure is a surprise, and it came in much higher then my early projection,the 3q and 4q figures need to revise accordingly, thus we have a higher end year net profit figure.
you can't compare like this ;last year u got the effect of elnino drought which cut production in to very abnormal level.,this year we have normal /high production, plus reasonable high CPO price. This has establish a new norm or PRICE PATTERN.
Every 100 changes in cpo price will increase or decrease 7% of sop profit. Yes. Production will be higher.bear in mind that sop production in 2h 16 has returned to normal. This year production increase mainly from new acquition. And will off set by low cpo price compare to last year 2h16. And the forwars contract also try to stabilize the price at 2.8K. There is a reason i said 55m last year q3 profit about 37m. Mom for july about 115%. Q117 average selling price above 3k. Q217average selling price at2.8k. I believe q3 average selling price will be at 2.7k. Strenthen in rm will have negative impact on cpo as well.
外媒8月25日消息,马来西亚和印尼将讨论向中国出口毛棕榈油的计划。 马来西亚种植园工业和商业部长Mah Kew Siong上日表示,两国将商讨向中国出口毛棕榈油的计划。 Mah Kew Siong表示,由于环保日益严格,中国关注生物柴油的进口。他并称,实施B5项目将带来巨大的棕榈油市场。 他指出,因此印尼和马来西亚应该为满足中国的需求而合作。他并称,马来西亚希望向其他国家扩张生物柴油市场,例如印度和菲律宾。 PT Asia Trade Point Futures的分析师Deddy Yusuf Siregar表示,中国的B5项目将带来新的棕榈油需求,每年总计为900万吨。这意味着中国将成为印尼出口的潜在市场。 Deddy称,中的B5项目将给棕榈油价格寻获长期支撑带来新的机会。他认为,在2017年棕榈油产量增长的预期下,市场参与者会一再地出售棕榈油。 在2016年厄尔尼诺现象影响过后,不远的将来棕榈油供应可能增加。“今年棕榈油价格大涨的机会被产量增加的预期破坏,”他说道。 今年,印尼棕榈油产量预计同比将增加12.69%至3,550万吨。而马来西亚新的棕榈油供应预计将同比增加10.17%至1,950万吨。 产量复苏的预期打压棕榈油价格,市场参与者仍冀望于望需求上升,这种预期来自于中国的B5项目。
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Posted by luckypunting > 2017-08-23 11:19 | Report Abuse
It is moving now ... :D
Quarterly earning report will be out this month end.