PALM OIL The recent spike in palm oil price seem to have hit resistance of the downtrend channel line. The rise seems to be manipulated by vested parties thus indicating a fake demand or induced supply suppression to hike up futures price. It may and should fall back below RM3000 and find support around RM2600 or better below RM1800.
Based on comparison of 44 plantation counters listed in Bursa Malaysia, it is found that currently FGV is not ranked as one of the TOP 8 plantation counters worthy to pay attention to and potentially invest in. However, FGV stands out in performance indicators such as having high cash flow reserve (RM 1,096 million).
In February imports could be negligible at less than 10,000 tonnes as almost every Indian buyer has switched to Indonesia, they said.
"Traders stopped buying from Malaysia after the government gave verbal instructions. This month's shipments are from the contracts signed before the government instructions," said a Mumbai-based dealer with one global trading firm.
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....
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Posted by 11395861 > 2020-01-20 12:01 | Report Abuse
Politic counter...be carefully