i say stay away from plantation counters for now as the outlook is not promising. besides most are trading at high PE. We are entering the bumper months of production yet stockpiles here are increasing despite taxes being cut so low. Biggest buyer India is not buying more given their problems.
palm oil future close at 2498 yesterday and today up more than 40 point and reach 2540 till now...great news for palm oil stock... bullish for palm oil and palm oil stock is back..
Palm oil future for Dec'13 close at RM 2605 up RM 48 and Jan'14 close at RM 2598 up RM 49... Market very bullish on the Palm oil price.. Time to take a look on the palm oil stock again...
Even when cpo is on the low end, TSH is not much affected due to increasing ffb , with cpo prices trending upward, TSH is going to outperform ,my 2 cent.
Today Palm oil future up another RM 30 for Jan'14 contract and break Rm 2600 point close at RM 2623... Very strong bullish signal and sustainable at high price.
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....
hawk
273 posts
Posted by hawk > 2013-01-02 17:40 | Report Abuse
Wah this one faster than I thought.......thanks to sifu diablo!!