As the price still at very low level and most of the stocks has completed V shape rebound, now is plantation sector's turn to start the price recovery.
Depend. Let's see. Because Based on 2016,q result shown in red. But stock price is steady based on stable cpo. And also FGV in the past also rm1+ even 3 quarter is red.
TSH production may be affected from its Kalimantan concessions as the impact from drought happened in the last Qtr of 2019 will be reflected now. Production would be significantly lower
Told u alrdy. Oil palm stocks only refer to cpo price. Jtiasa n Rsawit have the lowest production per arc but they r the most bullish oil palm stocks in every oil palm rally. The Indian used to b very snobbish saying palm oil is low class edible oil. Now every countries in recession India will consume more palm oil so do other countries. Low production can boost CPO price. CPO price is the most important catalyst for oil palm stocks.
KUALA LUMPUR (May 29): Malaysia’s crude palm oil (CPO) futures benchmark price may trade higher in June and July at RM2,400 per tonne if the world’s second largest edible oil producer maintains its higher export figures, including its export to India.
“Meanwhile, as China and US trade remains uncertain, China may not be pursuing its purchase of soybean oil from the US and turn to Brazil. But as COVID-19 impacted many in the agriculture sector, China has a window to shift its edible oil purchase to Malaysia and Indonesia...and given its cheaper price, Malaysia may benefit more". ........ from The Edge Markets.
Previous insurance claim by Eko Wood factory { TSH subsidiary} amounted to 47million plus. TSH in their press released said the factory is fully insured. Extend of the damage not know { at this point of time}
KUALA LUMPUR (June 11): India is expected to import an average of 800,000 tonnes of palm oil a month in the third quarter of this year, Indian Vegetable Oil Producers (IVPA) said today.
Speaking in a webinar organised by the Malaysian Palm Oil Council (MPOC), IVPA president Sudhakar Desai said India’s imports of the commodity averaged 650,000 tonnes a month during the fourth quarter of last year and the first quarter of this year.
During the current third quarter, however, monthly imports fell to 400,000 tonnes in April and May. But it is expected to recover to 650,000 tones in June, said Sudhakar, who is also the CEO of Emami Agrotech Ltd.
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....
Investorrr
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Posted by Investorrr > 2020-05-19 17:08 | Report Abuse
Should be 27 may