Posted by Mabel > 2020-09-04 22:34 | Report Abuse

We need to break R2 ...

From my 1st night honeymoon experience, it does take times to break this R2...

Meow...

Posted by Mabel > 2020-09-04 22:41 | Report Abuse

What this sector need is something exciting, catalysts...

Let's try to list what are the catalyst

1. USD has been depreciating against MYR since the beginning of April 2020. Based on historical data, whenever there is a drop in USD against MYR, CPO price will tend to trend upwards. For instance, back in December 2020, when USD depreciated from 4.25 to 4.10 against the MYR, CPO price climbed to RM 3,000.00 per tonne.
2. Demand from India
3. Demand from China
4. 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.
5. Biodiesel Program


Please add...

Posted by jk20598 > 2020-09-04 22:59 | Report Abuse

WTF,FGV Sudah boleh bungkus!

Posted by Mabel > 2020-09-05 09:02 | Report Abuse

The end to a rather hectic week. Not many flourished this week as we witnessed the bonus issue of Mabel Gloves TOPGLOV and SUPERMX. Surely their corporate action has rocked the healthcare sector in general which saw things generally go sideways. I believe once all the investors have digested this price action, there will be more significant movements next week. US markets made deep corrections last night which saw the stock market, crude oil and gold all made tremendous drops which has no doubt affected our market in a way or two. With that said, I hope all of you made it through the week well as we seek for a better week next Monday.

Meow..

Posted by dam82 > 2020-09-05 17:37 | Report Abuse

For APL — which FGV impaired some RM700 million on goodwill in 2018 — the group has seen five interested parties, and is looking forward to complete a sale by year end.

Posted by Mabel > 2020-09-05 17:51 | Report Abuse

Brilliant that will be additional right back into their Balance sheet!

Meow

Posted by Mabel > 2020-09-05 17:56 | Report Abuse

Let's try to list what are the catalyst

1. USD has been depreciating against MYR since the beginning of April 2020. Based on historical data, whenever there is a drop in USD against MYR, CPO price will tend to trend upwards. For instance, back in December 2020, when USD depreciated from 4.25 to 4.10 against the MYR, CPO price climbed to RM 3,000.00 per tonne.
2. Demand from India
3. Demand from China
4. 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.
5. Biodiesel Program
6. For APL — which FGV impaired some RM700 million on goodwill in 2018 — the group has seen five interested parties, and is looking forward to complete a sale by year end. Potential right back that will improve FGV Balance Sheet!

Meow

Posted by TheBullCapital > 2020-09-05 20:41 | Report Abuse

Why FGV Holdings Bhd?
Since its listing on the Main Market of Bursa Malaysia, FGV has undergone a series of questionable investments, massive impairments and several changes of CEO, all of which led to the stock taking a beating over the years. Two weeks ago, FGV reported a second-quarter net profit of RM20.55 million versus a net loss of RM52.2 million a year earlier on factors including an improvement in the group's oil palm plantation operations and narrowing losses at the sugar sector. The worst appears to be over for FGV Holdings Bhd? May the plantation giant worth a second look?

Technical Analysis?
- A Strong downward trend line since Sept 2016 to be broke very soon
- Cup and handle formation which backed with a strong FCPO price (September contract) which reaffirm breakout
- A strong upward breakout from symmetrical triangle can be expected since FCPO breakout from 12-years downward resistance trend line
- A higher high and higher low formation can be seen in price movement

Catalyst?
- Malaysia's crude palm oil (CPO) stocks decline further to a three-year low (source: MPOB)
- Restocking activity due to low stocks in consuming countries (i.e. India, China, Europe) and stronger demand from end customers as the economy reopens.
- Malaysia’s exports to India, China and EU will remain robust for the rest of this year, due to improved diplomatic ties and extension on zero export tax on crude products till December 2020.
- Indonesia has raised its export levy on CPO shipments, starting June 1, 2020, by US$5 per metric tonne (MT) to US$55 per MT as the government seeks to raise funds for its biodiesel programme. This also improved the competitiveness of Malaysia’s palm oil against Indonesia’s.
- China will increasingly turn to palm oil instead of canola and soybean oil, due to political spats with US, Canada and Australia. “Canada and Australia — the two largest suppliers of canola to China — are facing political tensions spilling over to trade. Although China has been fulfilling the buying of soybeans from the US since the Phase 1 trade deal was signed, the progression of the deal is in question.
- Soybean oil-to-palm oil spread will be crucial in dictating prices. The spread in the physical market has been very volatile. Currently, it is at around US$250, but it was at US$80 to US$100 in August. The market will be cognisant of the fact that lower palm oil prices mean higher discounts to soybean oil. higher palm discounts mean more buyers will move from soybean oil to palm oil.
- A potential La Nina in 2H 2020 could shift the global outlook for vegetable oil supply, but it should favour palm oil. Based on past trends, the weather phenomenon is positive for palm oil production and prices at the expense of lower production of soybean as La Niña can cause a drought in soybean-growing regions and reduce supply.
- Although high rainfall could temporarily hurt palm oil production by delaying harvesting and causing damage to infrastructure, it will lift oil yields in the subsequent years.
- Demand for palm oil for food consumption to improve ahead of the celebration of the mid-autumn festival on Oct 1, 2020 and Diwali festivities in November as well as Chinese New Year 2021.
- Labour troubles will not be occurred when production ramps up in fourth-quarter as Deputy Human Resources Minister Awang Hashim said the foreign worker hiring freeze would be lifted for the construction, plantation and agriculture sectors (Source: Parliament - July 2020)

Posted by Mabel > 2020-09-05 22:00 | Report Abuse

Thank you TheBullCapital!

You also did an excellent analysis on one of my collection of Fossil Fuel Battleships, Serba Dinamik. Serba Dinamik is now sitting in P1 in my collection of 18 Fossil Fuel Battleships. Well done!

I won't be surprised if FGV will move to P1 in my collections of 11 Bio Fuel Plantations.

To Sir with Loves...

https://www.youtube.com/watch?v=yTapoA5RQyo

Meow...

Posted by Jeffreyteck > 2020-09-06 11:45 | Report Abuse

Weaker demand to weigh on CPO futures..... looks like only management talks may able to temporary push up for trading purpose as MT remains dim despite other counters looks impressive.

Posted by strattegist > 2020-09-06 12:24 |

Post removed.Why?

Posted by TheBullCapital > 2020-09-06 12:37 | Report Abuse

Date Settlement Price RM
3 Sep 20 2891
2 Sep 20 2811
1 Sep 20 2784
28 Aug 20 2738
27 Aug 20 2682
26 Aug 20 2662
25 Aug 20 2615
24 Aug 20 2662
21 Aug 20 2681
19 Aug 20 2737

Posted by TheBullCapital > 2020-09-06 12:37 | Report Abuse

http://mpoc.org.my/daily-palm-oil-price/

Posted by TheBullCapital > 2020-09-06 12:39 | Report Abuse

https://www.bursamalaysia.com/market_information/derivatives_prices?code=FCPO

Futures crude palm oil prices

Posted by TheBullCapital > 2020-09-06 13:50 | Report Abuse

https://klse.i3investor.com/blogs/TheBullCapital/2020-09-05-story-h1513345961-The_Worst_Appears_To_Be_Over_For_The_Plantation_Giant_FGV_Holdings_Bhd_.jsp

Posted by Mabel > 2020-09-06 22:09 | Report Abuse

Brilliant TheBullCapital!

I always adore smart man...

Meow

Posted by strattegist > 2020-09-06 22:18 |

Post removed.Why?

Posted by Mabel > 2020-09-07 07:34 | Report Abuse

Mabel Plantation FGV Holdings Bhd aims to implement an electronic wallet (e-wallet) cashless payroll system catering to its entire plantation segment, including its estates in Sabah and Sarawak. She will join Mabel Technology Revenue to drive Miss Mabel cashless Digital Economy agenda.

https://www.nst.com.my/business/2020/09/621964/fgv-implement-e-wallet-payroll-next-year#.X1VqVs41HNY.linkedin

Meow

Posted by mf > 2020-09-07 07:40 |

Post removed.Why?

Posted by EatCoconutCanWin > 2020-09-07 07:41 | Report Abuse

Open red..

Posted by Jeffreyteck > 2020-09-07 08:17 | Report Abuse

Interesting. This is like mbsb in banking sector where all banks are still making profit but mbsb already two Qs in holland.

Posted by Mabel > 2020-09-07 08:45 | Report Abuse

I love Holland..

I started blonding my hair after visiting Holland..

Many of them have blue eyes. Mine is GREEN..

Meow

Posted by strattegist > 2020-09-07 09:44 | Report Abuse

relax

Posted by Mabel > 2020-09-07 10:13 | Report Abuse

Someone is shorting with one shares?

Anyway, my queue has been matched again..

Thanks for selling..

Meow

Posted by dam82 > 2020-09-07 10:16 | Report Abuse

Yes ..someone pressing price down ...CPO price increasing...FGV will do some reverse their impairment....non - performing asset sale ..cost efficiency all should lead to more positive news and profit yet share price pressed down

Posted by Shadows > 2020-09-07 10:22 | Report Abuse

Cpo is dropping?

Posted by dam82 > 2020-09-07 10:26 | Report Abuse

So long within 2500 FGV will profitable..anything above is extra ..was that Azhar statement..amyway I am here long term lets see

Posted by Mabel > 2020-09-07 10:37 | Report Abuse

#dam82 Yes ..someone pressing price down ...CPO price increasing...FGV will do some reverse their impairment....non - performing asset sale ..cost efficiency all should lead to more positive news and profit yet share price pressed down
07/09/2020 10:16 AM

#dam82 So long within 2500 FGV will profitable..anything above is extra ..was that Azhar statement..amyway I am here long term lets see
07/09/2020 10:26 AM

Indeed...dam82!

FGV for long term. If you look at all plantation company FGV actually aggressively re-planting. FGV is a 440 Hectares Plantation. It’s the 2nd biggest plantation after SimeDarby. All lost making JV are being disposed. Right sizing employee WIP. Cost Saving also achieved and more to come. Dairy business and Animal Feed business. Paper pulp – WIP. Bio Gas /FMCG and cross plantation. For Asian Plantation Limited Ventures — which FGV impaired some RM700 million on goodwill in 2018 — the group has seen five interested parties, and is looking forward to complete a sale by year end. Potential right back that will improve FGV Balance Sheet!

The Malaysian Palm Oil Board stated that with the decline in production and the increase in demand, Malaysian palm oil depots have been normalized again. The three major sellers of palm oil in Malaysia-China, India and Pakistan, currently have new low inventories. I believe that while the economy is recovering, demand will continue to grow.

At the same time, the Malaysian Palm Oil Board remains optimistic about future palm oil prices. The Malaysian government will continue to maintain good diplomatic relations with palm oil importing countries. In the past June quarterly report, Malaysian palm oil listed companies, KLK, FGV, TSH, etc. have all delivered outstanding results..

Meow

Posted by Mabel > 2020-09-07 10:38 | Report Abuse

#Shadows Cpo is dropping?
07/09/2020 10:22 AM

CPO uptrends is intact. Plantation will be the next rally after Gloves.

Date Settlement Price RM
3 Sep 20 2891
2 Sep 20 2811
1 Sep 20 2784
28 Aug 20 2738
27 Aug 20 2682
26 Aug 20 2662
25 Aug 20 2615
24 Aug 20 2662
21 Aug 20 2681
19 Aug 20 2737

Meow

Posted by strattegist > 2020-09-07 10:53 |

Post removed.Why?

Posted by TheBullCapital > 2020-09-07 10:57 | Report Abuse

coool.... meowwww

Posted by Jeffreyteck > 2020-09-07 13:04 | Report Abuse

FGV Holdings Bhd menyasar melaksanakan sistem dompet elektronik (e-dompet) bagi pembayaran gaji tanpa tunai untuk seluruh sektor perladangannya termasuk di Sabah dan Sarawak menjelang suku pertama 2021. Big deal. Hopefully farmers know how to save their $$$ instead of finish all $$$ unnecessary.

Posted by Mabel > 2020-09-07 13:19 | Report Abuse

Sure..

Bursa 2800 on its way...

Meow

Posted by TheBullCapital > 2020-09-07 13:59 | Report Abuse

E-wallet is good to prevent corruption and save cost, hopefully they can achieve want they promise.

Posted by dam82 > 2020-09-07 14:01 | Report Abuse

“What we have done over the past 1½ years is to bring down our costs through efforts on the field. We have brought it down to RM1,500 per metric tonne ... RM1,500 per metric tonne plus RM300 is RM1,800, so we have some headroom there. This really helps in terms of improving the profit of FGV,” says Haris


-------------------------------

CPO now 2900

Posted by Ninja _07 > 2020-09-07 14:54 | Report Abuse

Dropping .. run run

Posted by EatCoconutCanWin > 2020-09-07 15:29 | Report Abuse

red...whooff

Posted by strattegist > 2020-09-07 15:43 |

Post removed.Why?

Posted by dam82 > 2020-09-07 16:03 | Report Abuse

WTF

Posted by Shadows > 2020-09-07 16:31 | Report Abuse

This e-wallet is another mechanism to loot money from fgv? What is the use of e-wallet.

Posted by Mabel > 2020-09-07 17:13 | Report Abuse

E wallet make it more transparent. No middle man in any transaction.

It should safe cost.

Meow

Posted by Mabel > 2020-09-07 17:16 | Report Abuse

Today 4 of my 11 Plantations are green. The rest are all Red..

Those that are green are Sime Darby, IOI, KLK and BP Plantation

Meow

Posted by EatCoconutCanWin > 2020-09-07 17:20 | Report Abuse

red red whooff whofff

Posted by wajatimur_28 > 2020-09-07 17:44 | Report Abuse

Up up slowly...down down rapidly..aiyo

Posted by jk20598 > 2020-09-07 17:58 | Report Abuse

Haha,really Holland stock!

Posted by EatCoconutCanWin > 2020-09-07 18:01 | Report Abuse

pls la , this stock where got hope la.. just up up and pushing down.haha

Posted by yameyamo > 2020-09-07 18:04 | Report Abuse

only when FGV sell off pahang land then only got hope otherwise drop till 0.88 buy

Posted by Mabel > 2020-09-07 18:15 | Report Abuse

We are going to India, Europe and China..

Once rebound above 2850 (nov contract), then will be confirmation that fcpo continue strong bullish. Around Noon it just touches 2850 before dropping. Today FCPO closed at 2802.

These few days will determined if FCPO give a solid breakout above the resistant line or not.

According to analyst report, buying will continue from India / Europe / China due to overall supply stock lower in Malaysia and demand is increasing with festive season consumption.

Meow

Posted by Mabel > 2020-09-07 18:17 | Report Abuse

Today 4 of my 11 Plantations are green. The rest are all Red..

Those that are green are Sime Darby, IOI, KLK and BP Plantation. Except for BP Plantation, the 3 Blue Chips have been beaten last week. So it is natural for a rebound.

Meow

Posted by EatCoconutCanWin > 2020-09-08 07:38 | Report Abuse

Open flat