Oil World analyst Thomas Mielke said he sees the potential for Malaysian palm oil futures to trade up to 2,350-2,450 ringgit/tonne ($575-$600) over the next 4-6 months vs current benchmark May futures at 2,157 ringgit/tonne ($527) based on the expected slowing of palm oil production growth and continued strong global demand. He sees 2019 global palm oil production rising to 75.3 MMT from 72.5 MMT last year vs the annual production increase in the previous two years of around 5-6 MMT/year.
Quite substantial amount of shares sold by KWAP.....who bought KWAP's shares. Logically, if want to privatize, Felda or relevant body appointed by Government should have already in the process of collecting shares from the open market so as to save the total buy up and the offer price should be agreeable by the shareholders in particular the Felda settlers.
In GE 14 ppl bet PH to change the future, after 10mth then only realize little rakyat suffer who ever rules the country. This happen else wer in whole world.
Now at the lowest point and also a turning point for FGV. No doubt debts are high, the APL that acquired need to be disposed as soon as they found good buyer. As for now, they need to ensure demand for palm oil demand in China, India, Norway keep going up. The stock pile need to do something.
"Dr M: ECRL to proceed if China agrees to significantly reduce price Read more at https://www.thestar.com.my/news/nation/2019/03/07/dr-m-ecrl-to-proceed-if-china-agrees-to-significantly-reduce-price/#mCev0fCXvDrDUlPW.99". In my opinion, actually if PH really wanted to rescue FGV, they still can negotiate with China on the reduced price but not significantly with a condition that they purchase palm oil (sum to be negotiated) from FGV. This will be a win win situation for both countries and not on one way ticket. If ECRL keeps on "dragging", it will not beneficial to Malaysia as we need to pay interest (recently just pay RM20 million). The longer it drags the more interest we need to pay and also other compensating expenses. On the other hand if cancelled will be worst as we need to pay penalty which is a very big amount and payable in 3 months." My 1 cent opinion".
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....
Undi_PKR
945 posts
Posted by Undi_PKR > 2019-03-07 08:57 | Report Abuse
Anak urges govt to reclaim Felda assets from FGV
https://www.nst.com.my/news/nation/2019/03/466675/anak-urges-govt-reclaim-felda-assets-fgv