don't want Calvin to buy innoprise. he tell people buy then he sell and vice versa. inno is a clean counter with good growth potential and strong dividends.
although I bought late at 1.28, I'm going to hold this counter for many years and top up each time it falls below 1.28. palm oil prices are cyclical and every 2 years will have a boom
Good or potential counters no one promoting. Banks/funds also want to collect the stocks too. When they are promoting or giving verdict to buy, it’s they are selling it.
now the banks and funds are slowly accumulating, later when they wanna sell only they will put out analysis report with TP to trap retail so they can sell high
inno is not a hype stock like taan or chintek who's share price will fly when palm oil price is high. later when cpo price fall abit stocks like taan will drop 20%
look at TAAN and SOP today. all hype stocks taking profit. Inno is a strong growth company 11% dividend yield at this price after dividend announcement end of the month. price and dividend will continue to rise
“The cost of production has in general risen very considerably for all plantation companies. The CPO windfall profit tax (WPT) constitutes a significant amount with higher prices and all these factors will to a certain extent negate the positive impact of higher CPO prices" - Bek-Nielsen, United Plantations.
@nuke, Sure it will. But Bek Nielsen never tell the public how much is the NETT positive impact on plantation profitability . People in the industry can confirm that the profit increase arising from the historic high CPO price is many times more than the production cost increase.
there's no reason for price to go down. lower ffb production throughout the industry, very high fertiliser costs, lack of manpower, higher shipping costs through the supply chain. price will continue to rise
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....
Traderjoes
248 posts
Posted by Traderjoes > 2022-01-28 15:02 | Report Abuse
don't want Calvin to buy innoprise. he tell people buy then he sell and vice versa. inno is a clean counter with good growth potential and strong dividends.