Mabel today very busy with Mabel Energy Battleships and Super tankers as all of them cruising at full speed. So many missiles to fires....I think one of the missiles hit Mickey Mouse Plantation - MHC - Mickey Horrible Counter ...HiHiHi....
Three-quarters of global energy demand is still met by fossil fuels, with less than a fifth by non-nuclear renewables. The rest will be coming from our Plantation Bio Fuel and Malaysia is the 2nd Biggest Exporter of Palm Oil.
Crude palm oil (CPO) futures price rose to RM5,000 a tonne for the first time on Tuesday. Our palm oil exports is expected to grow by 39% m-o-m and 0.3% y-o-y in September 2021 to 1.62 million tonnes, likely due to higher exports to India, China and the EU (European Union)
Meanwhile Fossil Energy prices continue to surge to fresh records as renewed fears stoke panic of the worst shortage in decades. India has warned it has only four days of coal reserves left, German power plants are running out of fuel and China just unloaded an Australian coal shipment despite an import ban and icy relations. Supply is just not there as economies rebound from a pandemic-induced lull, while problems like logistical logjams and transport bottlenecks are adding to the pressure.
Bigger picture: OPEC+ didn't come to the rescue yesterday as the group decided to continue its original plan of gradually releasing 400,000 additional barrels of oil per month. That's despite calls from world leaders, including the White House, to bring more crude on to the market and keep a lid on prices.
It's looking good guys from both Frontiers. Mabel Energy Battleships and Supertankers as well as Bio Fuel Plantation are cruising at full speed.
Mickey Mouse is back in action after his jonny kena chewed 5X...
The FBMKLCI Index skyrocketed yesterday on the back of strong buying interest in plantation names as the spot price for palm oil hit MYR5,000 for the first time in history. Despite mixed performance in the regional markets, the benchmark index gained 29.00pts or 1.89%, to end the day at 1,559.42, led by advances in SIMEPLT, DIALOG, KLK and IOICORP.
Market breadth turned positive with gainers outnumbering losers by 612 to 433. A total of 4.47b shares valued at MYR3.42b changed hands.
But we can "SEE" the Signs ahead & they tell us Bullish Events are Unfolding
1) China shut down its factories due to lack of electric power - leading to little Soybean milling. Without milling there won't be enough soymeal & soy oil
SO CHINA MUST BUY PALM OIL TO MEET THE SHORTFALL
2) NOVEMBER 14 is DIWALI CELEBRATION FOR INDIA's 1.35 BILLION PEOPLE
3) DECEMBER 25 IS CHRISTMAS & FOLLOWED BY NEW YEAR CELEBRATION OF YEAR 2022
Every cake, ice cream or feasting involves palm oil
4) FEBRUARY 1ST 2022: 1.4 BILLION STRONG CHINESE CELEBRATE CHINESE LUNAR NEW YEAR WITH 15 DAYS OF FEASTING - LOTS OF PALM OIL NEEDED
5) VERY COLD WINTER AHEAD: SO HIGH CRUDE OIL PRICES EXPECTED - HELPING TO KEEP PALM OIL ELEVATED AS IT IS USED AS ALTERNATE BIODISEL FOR GREEN ENERGY
6) THEN USA TURNING ITS FOSSIL FUEL REFINERY TO BIODISEL REFINERY WILL GIVE BIODISEL A SUSTAINED UP-LIFT
THESE AND OTHER MULTIPLE FUNDAMENTAL STRUCTURAL FACTORS ARE GAME CHANGERS FOR PALM OIL BULL RUN TIME
HOW LONG WILL PALM OIL BULL RUN LAST?
THAT WE CANNOT TELL
BUT IT WON'T BE FORESTALLED LIKE GLOVE DUE TO IMMENSE GLUT & THE CHINA FACTOR
WHY?
ANSWER: UNLIKE GLOVE WHEN CHINA COULD SET UP NEW GLOVE FACTORIES IN JUST 4 TO 6 MONTHS YOU NEED LAND & PLANTING TIME FOR PALM OIL TO GROW TILL FIRST FRUIT : AT LEAST 5 YEARS TO SEE COMPETITION (SO PALM OIL HAS HIGH TIME BARRIER TO ENTRY TILL YEAR 2026)
.......................................................................................................................................................... kong73 FGV IPO price 4.55/unit..now cheap sale from 80 sens last year and now only 1.50 sens/unit...still undervalued
FGV Records Higher PBZT of RM501 Million in 2Q FY2021 KUALA LUMPUR, 30 August 2021 – FGV Holdings Berhad (FGV) registered a significantly higher profit before zakat and tax (PBZT) of RM501 million for its second quarter ended 30 June 2021 (2Q FY2021), against PBZT of RM18 million in the previous corresponding quarter. The Group’s revenue for the quarter under review rose 42% to RM4.68 billion versus RM3.29 billion in 2Q FY2020. The strong performance of the Group’s PBZT driven by higher operating profit of RM338 million in 2Q FY2021 compared to RM115 million in the same period last year, mainly attributed to increased palm products margin, improved gross profit margin for its Sugar business, as well as higher throughput and cargo volume handled by its Logistics business. In addition, the Group reported fair value gain on Land Lease Agreement (LLA) of RM180 million compared to fair value charge on LLA of RM76 million registered in the previous corresponding quarter. The gain on LLA for the current quarter was attributed mainly to the revision in the yield assumption used in arriving at the LLA liability. For the period under review, the Group has recorded higher average crude palm oil (CPO) price realised of RM3,333 per metric tonne (MT) which is 44% higher compared to average CPO price realised in 2Q FY2020 of RM2,309 per MT. This contributed to a turnaround of more than 100% yearon-year (y-o-y) for the Group’s Plantation Sector. For 1H FY2021, the Group posted a PBZT of RM516 million against a revenue of RM8.08 billion, compared to the previous corresponding period’s loss before zakat and tax (LBZT) of RM145 million against a revenue of RM6.08 billion. Mohd Nazrul Izam Mansor, Group Chief Executive Officer of FGV said, “Despite the ongoing challenges of the pandemic, as well as the lagging effect of dry weather, I am pleased to report that FGV posted strong operating profit. We remained resilient in our efforts in these unprecedented times, which has translated into the significant improvement of our financial results for this quarter.” The operating profit for FGV’s upstream segment under the Plantation Sector increased to RM247 million for 2Q FY2021 compared to RM106 million in the previous corresponding quarter, due to improved palm products margin despite an increase in CPO ex-mill cost. In the upstream operational parameters, the FFB production and yield both lower by 11% against the previous corresponding quarter to 1.06 million MT and 4.18 MT/Ha respectively, due to lower FFB production from the young, mature and prime age palm categories, as well as a shortage of skilled harvesters. CPO production decreased by 14% y-o-y to 0.70 million MT due to lower FFB processed, especially from external parties. Oil extraction rate (OER) however, improved slightly to 20.16% compared to 20.02% a year earlier, resulting from improved mills performance through stringent process control. FGV’s downstream segment under the Plantation Sector came in 21% stronger with an improved operating profit of RM29 million compared to RM24 million in the previous corresponding quarter, attributed by 64% higher margin realised from crude palm kernel oil (CPKO) sales. The Group’s Sugar Sector under its 51% owned subsidiary, MSM Malaysia Holdings Berhad (MSM) continued its positive momentum by posting a RM23 million PBZT against a revenue of RM554 million for the quarter under review, a significant improvement from a LBZT of RM27 million against revenue of RM447 million in 2Q FY2020. 2 “The performance is primarily driven by higher gross profit margin of 8% resulted from an increase in overall sales volume by 12% attributed to less restrictive imposition of the nationwide MCO 3.0 compared to MCO 1.0 in March last year,” added Mohd Nazrul. In addition, FGV’s Logistics Sector recorded a similar PBZT of RM22 million in 2Q FY2021, majorly contributed by its bulking business segment which recorded 11% growth y-o-y due to a 3% increase in total throughput and bulking volume. The transport business segment, however, posted a lower PBZT by 50% of RM2 million in 2Q FY2021 compared to RM4 million in the same period last year due to increase in variable operating costs by 19%, despite an increase in total tonnage carried and an average transportation rate by 1% and 11% respectively. Going forward The ongoing pandemic, the new Delta variant and the imposition of the Movement Control Order (MCO) 3.0 continue to affect Malaysia’s palm oil industry as a whole. In curbing the impact of COVID19 especially at its plantations, FGV is expediting its vaccination programme for all workers as part of its mitigation effort in managing the risk of infections at its operating locations. “We are currently at the final stage of acquiring the vaccines and shall commence the vaccination programme by the first week of September 2021,” said Mohd Nazrul. Besides that, on 16 August 2021 one of FGV’s core sectors, FGV Integrat
Going forward The ongoing pandemic, the new Delta variant and the imposition of the Movement Control Order (MCO) 3.0 continue to affect Malaysia’s palm oil industry as a whole. In curbing the impact of COVID19 especially at its plantations, FGV is expediting its vaccination programme for all workers as part of its mitigation effort in managing the risk of infections at its operating locations. “We are currently at the final stage of acquiring the vaccines and shall commence the vaccination programme by the first week of September 2021,” said Mohd Nazrul. Besides that, on 16 August 2021 one of FGV’s core sectors, FGV Integrated Farming Sdn Bhd (FGVIF), entered into a Memorandum of Collaboration (MOC) with FELCRA Berhad (FELCRA) and Baladna Food Industries (BALADNA), Qatar’s largest locally-owned food and dairy producer, to carry out a comprehensive feasibility and technical study on an opportunity to potentially co-invest in an integrated dairy farm business in Chuping, Perlis. The potential initial areas of collaboration include doubling the current production of Malaysian fresh milk within two years, and creating a farm for ten thousand milking cows with an annual production of 100 million litres of milk per year. Other potential areas include utilising Malaysian agricultural land to produce largely the required animal feed for the dairy farm, as well as using the joint venture farm as a hub that supports small rural farms in developing small cattle fatting farms and animal feed farms by 2024, among others. EN
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....
strattegist
23,459 posts
Posted by strattegist > 2021-10-05 08:08 |
Post removed.Why?