Our Goal is to become No 1 Biggest producer for palm oil in the world. To achieve this goal we need to work in Team. It doesn't matter which Plantation you choose, just pick the plantation you like and trust me you are doing a great job to make Malaysia as the biggest producers of Palm Oil as Indonesia are facing difficulties due to Convid 19...
Palm oil trade between Malaysia and India has moved back on track with the latter running low on local stock. Our Plantation team in India are celebrating and rejoicing…unlike previous leadership, Modern Talking with our current Brother Louie leaders really works..
According to Australian Met .... La Nina now has a 70% chance of occuring. It would be Oct till Jan period normally. If correct Expect haevy Rains across Indonesia, Malaysia and Philipines. Palm Oil SUPPLY will be REDUCED but DEMAND expected to INCREASE due to China and India Stock Piling and festive season in Dec, Jan and Feb (CNY). Expect prices to Firm above Rm3000 with a HIGH probability.
D.S.Jo (CI) is moving in. 500-550mil shares (15%) to finish accumulating. DSJ knows how to unlock the value of this massive organisation. This is going to be a game changer for FGV.
While everyone is focusing on glove counters, many have forgotten that our CPO Price has been on the rise for the past few months. Approximate 45% increase in CPO price to a range of 2800 from the low of 1900 in May 2020. CPO exports have been on the rise after MCO has been lifted. The question is which countries are we exporting to?
The increased in our exports were mainly coming from China. In short, trade war between China and US will benefit Malaysia (as a replacement of soy bean) CPO Plantation industry. We should be able to see our export continue to grow as China economy is recovering from the pandemic at a tremendous phase and India will be importing more from Malaysia as the Malaysian Government have decided to keep its export duty on crude palm oil for August unchanged at zero percent (citing the national customs department).
According to news, “the Southeast Asian nation said in May it would defer the imposition of export duties on crude palm oil to Dec. 31 in efforts to boost palm oil exports and expand into new markets.” This could further improve the demand for our CPO until the year end.
The pullback that we expected was mild amid yesterday’s rebound off the middle Bollinger band that culminated into a gap up during today’s evening session. A new higher high structure was formed thus along with a fresh signal in the Stochastic, we opine the rising momentum could steer the FCPO price higher in the near term. SUPPORT - S1: MYR2,770 S2: MYR2,724 RESISTANCE - R1: MYR2,850 R2: MYR2,910 MOMENTUM - Momentum remains elevated TREND - Uptrend resume
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The pullback that we expected was mild amid yesterday’s rebound off the middle Bollinger band that culminated into a gap up during today’s evening session. A new higher high structure was formed thus along with a fresh signal in the Stochastic, we opine the rising momentum could steer the FCPO price higher in the near term.
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....
Mabel
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Posted by Mabel > 2020-09-01 17:27 | Report Abuse
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