Tab haji invested in many many non performng companies. Urusharta was entrusted by MOF to oversee & restored Tab haji financial status. Apparently a big chunk of Tab haji portfolio consist of poorly held securities. Urusharta is financing Tab haji by disposing off good viable investment to balance up the mismatch & delinquent accounts { over a period of time} And apparently Swk is one of the few performing counters that is above their investment cost. just my 2 sen! Why Urusharta is selling when all IB's are calling a super bull period for CPO plantation counters. Only Urusharta have the answer
The amount of shares hold by Urusharta Jamaah is 18,791,400 shares. As per last Tuesday (22/Feb), it has disposed 20% (3,748,500) of the shares. The average daily disposal in the past 7 days is around 400,000 shares per day. Deducting the 3 days (23/Feb ~ 25/Feb) pending announcement, it will need another 34 trading days to clear all. By calculation, this is around middle of April 2022. So just be patience.
The above 3 stocks are performing very well. Who is so smart to say that QoQ drops, the share price cannot perform. Please do not bullshit in front of me.
Possibility of Urusharta has stopped their plantation shares disposal. Look at THP shares climbing. No more new additional announcement coming out. Swk plant may surprised the market to play catch up
Taann up 0.35 today. Aiyo, Taann boss must talk to MOF mah, en bloc buy the Urusharta Jamaah shares. Follow what Hap Seng Consolidated did 3 years ago, en bloc bought the whole 66,074,500 Hap Seng Plantations shares held by Urusharta Jamaah.
Urusharta Jamaah left with 5.1% (14,242,900 shares) as of last Wed (23 Feb 2022). Pace of disposal also getting faster (800,000 shares per day). Tomorrow should announce ceasing as substantial shareholder. Foresee brighter days in another 2 weeks.
I remember Swkplt was hovering around RM2 some 14 years ago and it remained so only until recently it started to be active until today. I believe this plantation rally is unprecedented and it should continue to be for sometime in the near future.
Datuk Wong {Ta Ann} and his team has turn around & upped SWK performance { based on their estate's cost & production figs } Datuk Wong { Ta Ann } have big plans for SWK. Look at his comments { when he acquired the SWK stake}
Yes. Malaysia FCPO hit a new record high of $8,000 per tonne for March '22 position { following yesterday US market overnight SBO closed at 76 per IB} Dalian {China} grains all up
Ukraine & Russian exports of sunflower oils, rapeseed oils, corn & wheat all disrupted indefinetly. Oil shipments from the Blacksea accounts for 60% - 75% of world sunflower outpu & export. The port of Maruipol {Ukraine} has been damaged by Russia shelling & bombarment Oversea grains market { Dalian, Zhenghou, Chicago & Mumbai } all recorded hefty gains & uptrend for SBO, rapeseed, corn, wheat & palm oil
This is what the IBs been saying for 2 years . Yet CPO break new record so often . There must be fundamental reason why it is so . ?????????- Posted by apple168 > 2 hours ago | Report Abuse
Such high price of palm oil price is not sustainable! Soon will go into long hibernating cycle again.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
mamatede
3,950 posts
Posted by mamatede > 2022-02-24 17:46 | Report Abuse
https://www.klsescreener.com/v2/news/view/955383
gosh Rm7k per tonne. and even worst, this few days people will bid higher to secure demand while guessing how the war will turn out