Posted by markgold > 2022-04-14 15:51 | Report Abuse

Changing to other plantation counters and so that can sleep soundly.

Posted by Mabel > 2022-04-14 19:51 | Report Abuse

Today Mabel decided to top up FGV...

Posted by Mabel > 2022-04-14 22:47 | Report Abuse

CRUDE PALM OIL FUTURES (FCPO) ACTIVE CONTRACTS, DAILY CANDLESTICK CHART (MYR6,135)

The selling pressure was mild as the ongoing trend structure remained supportive thus suggesting the uptrend is set to resume once the ongoing selling pressure normalizes.

Posted by Richman1688 > 2022-04-15 09:08 | Report Abuse

SELL before too late

Posted by Mabel > 2022-04-15 18:04 | Report Abuse

... and miss the fun?

Posted by manahin > 2022-04-15 18:23 | Report Abuse

Cpo up! , rubber up! No worries ....

Posted by 8888_ > 2022-04-18 10:06 | Report Abuse

CPO up why FGV down? No promoters is it?

Posted by 8888_ > 2022-04-18 10:12 | Report Abuse

HLBank Research Highlights
Author: HLInvest
|

Latest Post: Mon, 18 Apr 2022, 09:24 AM
This blog publishes research reports from Hong Leong Investment Bank

Plantation - 1-year Low Stockpile
Author: HLInvest
|

Publish date: Tue, 12 Apr 2022, 09:36 AM
Palm oil stockpile declined further, by 3.0% MoM to 1.47m tonnes in Mar-22, as output recovery was more than offset by higher exports and domestic consumption, coupled with lower imports. Maintain 2022-24 CPO price assumptions of RM4,300/3,300/3,300 per tonne. We believe palm oil prices will remain at elevated levels (possibly until 1H22), supported by (i) weaker production outlook for corn and soybean in South America, and (ii) geopolitical tension, which will likely result in supply disruption in sunflower and rapeseed oils., as well as protracted fertiliser supply. As such, we reiterate our OVERWEIGHT stance on the sector. Top picks remain FGV (BUY; TP: RM2.43); IOI Corp (BUY; TP: RM5.09), KLK (BUY; TP: RM32.43) and Sime Darby Plantation (BUY; TP: RM5.95).

DATA HIGHLIGHTS
Stockpile continued to trend down. Palm oil stockpile remained on downtrend (for the fifth consecutive month), declining by 3.0% MoM to 1.47m tonnes in Mar-22, as output recovery was more than offset by higher exports and domestic consumption, coupled with lower imports. The stockpile came marginally lower than Bloomberg consensus median estimate of 1.49m tonnes.

Output rebounded… By 24.1% MoM to 1.41m tonnes in Mar-22, as output contribution from all key producing states recovered from seasonal factor. Cumulatively, CPO output inched up by 3.9% YoY to 3.8m tonnes in 1Q22, driven mainly by an output surge in Jan-22.

Exports rebounded too… By 14.1% MoM to 1.27m tonnes in Mar-22, due mainly to supply disruption on sunflower and rapeseed oils (arising from Russia-Ukraine conflict, which has in turn boosted demand for palm oil from India and EU, we believe), and seasonal factor (historically, China’s demand for palm oil usually picks up when winter season ends).

Exports for the first 10 days of Apr-22. Preliminary data from independent cargo surveyors Intertek and Amspec indicated that palm oil exports for the first 10 days of Apr-22 declined by 25.6-26.8% MoM, due mainly to lower demand from China, EU and Middle East.

HLIB’s VIEW
Forecast. Maintain 2022-24 CPO price assumptions of RM4,300/3,300/3,300 per tonne. We believe palm oil prices will remain at elevated levels (possibly until 1H22), supported by (i) weaker production outlook for corn and soybean in South America, and (ii) geopolitical tension, which will likely result in supply disruption in sunflower and rapeseed oils and protracted fertiliser supply (which may result in planters (in particular smallholders) reducing fertiliser application to oil palms, hence derailing the anticipated yield recovery. Over the longer term, we continue to believe that a pullback in CPO price will materialise when palm oil output recovers, which in turn hinges on the entrant of foreign workers into Malaysian shores. Based on our estimates, every RM100/mt raise in our CPO price projection will lift earnings forecasts for plantation stocks under our coverage by 3.5-15.0%.

Maintain OVERWEIGHT. We reiterate our OVERWEIGHT stance on the sector, underpinned by (i) high near term CPO prices (which will in turn translate to good near term earnings prospects), (ii) easing ESG concerns, and (iii) decent valuations. Top picks remain FGV (BUY; TP: RM2.43); IOI Corp (BUY; TP: RM5.09), KLK (BUY; TP: RM32.43) and Sime Darby Plantation (BUY; TP: RM5.95).


Source: Hong Leong Investment Bank Research - 12 Apr 2022

Posted by 8888_ > 2022-04-18 10:13 | Report Abuse

HLIB TP RM 2.43.

Posted by babanono > 2022-04-19 18:49 |

Post removed.Why?

Posted by kevinobc > 2022-04-20 09:11 | Report Abuse

https://markets.businessinsider.com/news/commodities/iceland-reverses-palm-oil-ban-as-ukraine-war-hits-food-prices-11186091

Posted by wan > 2022-04-21 10:20 | Report Abuse

cpo theme play

Posted by strattegist > 2022-04-21 10:37 | Report Abuse

sustain

Posted by strattegist > 2022-04-21 10:37 | Report Abuse

maintain

Posted by manahin > 2022-04-21 10:58 | Report Abuse

Anxiously waiting & waiting for the explosion!

Posted by lionel messi > 2022-04-21 14:41 | Report Abuse

Can they make another general offer in the very near future lets say at RM3? What will happen to those already accepted at RM1.30? Padan muka?

Posted by Richman1688 > 2022-04-21 16:59 | Report Abuse

Wake up every one, don’t cheat yourself, Hopeless company like 1mdb

Posted by zackboy > 2022-04-25 08:16 | Report Abuse

KUALA LUMPUR, April 24 — Malaysia is confident it can meet global demand for palm oil after Indonesia's announcement that it has banned exports of the commodity, said Plantation Industry and Commodities Minister Datuk Zuraida Kamaruddin.

https://www.malaymail.com/news/money/2022/04/24/zuraida-positive-malaysia-able-to-meet-global-palm-oil-demand-after-indones/2055429

Posted by ImCK > 2022-04-25 09:26 | Report Abuse

FGV is time go back to KLCI top 30 king of plantation

Posted by manahin > 2022-04-25 09:30 | Report Abuse

Very laggard....will catch up soon!

Posted by ImCK > 2022-04-25 09:39 | Report Abuse

FGV 7billion market cap only ? shamless ? goverment linked plantation ? 400k hecktar plantation in malaysia only 7billion market cap ? IOICORP KLK all 30billion market cap !!!!!

Posted by birdparadise > 2022-04-25 09:53 |

Post removed.Why?

Posted by ImCK > 2022-04-25 09:56 | Report Abuse

FGV market cap 7billion PE 6 revenue netprofit almost same with KLK BTKAWAN IOICORP why cannot at least need X3 of share price to have same value with IOICORP. FGV is king of plantation when plantation is the highest

Posted by ImCK > 2022-04-25 09:57 | Report Abuse

400k hectar the most largest plantation landbank in malaysia

Posted by ImCK > 2022-04-25 10:00 | Report Abuse

LANDBANK LARGEST !!! GOVERMENT SUPPORT !!!! LARGEST FERTILIZER PRODUCER !!!! LARGEST LOGISTIC TEAM

Posted by seekingbeta > 2022-04-25 10:36 | Report Abuse

Wow, FGV back to game ?

Posted by strattegist > 2022-04-25 10:42 | Report Abuse

kebun sawit subur menghijau

Posted by DickyMe > 2022-04-25 10:45 |

Post removed.Why?

Posted by zackboy > 2022-04-25 11:19 | Report Abuse

Russia and Ukraine are main players in fertilizer but they are being disturbed by the current war. FGV stands to gain enormously here.

Posted by lionel messi > 2022-04-25 12:08 | Report Abuse

Russia will be treated like pariah even after the war. Not many countries will buy their products. Whoever can replace the things they sell will benefit big time.

Posted by Bee808 > 2022-04-25 12:18 | Report Abuse

FGV to the rescue ! Up, Up and away !

Posted by Mabel > 2022-04-25 18:56 | Report Abuse

Haha Plantation did well today on the local bourse. Most of Mabel Plantation are top gainers today.

Thank you Indonesia for banning their palm oil exports.

Meow Meow Meow

Posted by Mabel > 2022-04-25 18:58 | Report Abuse

#DickyMe Distribution of "SEDEKAH" through GLC/GLIC under the banner of CSR is ongoing for the upcoming RAYA. RAYA sakan lah tu.
25/04/2022 10:45 AM

Haha Dick, do you know that Mabel still keep 1000 AA shares even though Mabel Air Asia 1 year return is only -12% while Mabel Singapore Airlines return is +12%?

Mabel has been waiting for your RM4.50 cumming for long time. My Blonde hair has already turn white waiting to taste that RM 4.50 cumming...

Have you ever wonder why Mabel still keep AA?

....that's right...so that everyone can fly with Dick's AA

Actually Stock Investing is not scary, ignorance is...

Investing is not gambling; we are buying businesses and companies; we own it...

The Formula is very simple...Buy on weakness, Sell on Strength...

Now Mabel already made many round fantastic profit in FGV...

To Our Success !

Mabel Musk

Posted by Richman1688 > 2022-04-26 09:37 | Report Abuse

Sell

Posted by purple70 > 2022-04-26 11:44 | Report Abuse

Can we make use of this forum for valued added and fundamental views...no one needs distraction. Time is precious

Posted by 8888_ > 2022-04-27 11:35 | Report Abuse

July CPO >RM 6500/ton, expect very good QR ahead for CPO sector and FGV in 2nd and 3rd qtr 2022.

Posted by strattegist > 2022-04-27 14:02 | Report Abuse

good

Posted by atm2020 > 2022-04-28 00:31 | Report Abuse

Indonesia stuns markets as it widens ban to include CPO, refined palm oil

JAKARTA: Indonesia widened the scope of its export ban on raw materials for cooking oil to include crude and refined palm oil, among other products, its chief economic minister said on Wednesday, leaving markets in shock over the latest policy reversal.

The announcement flipped the minister's statement a day earlier, in which he had said the export ban would only cover refined, bleached, and deodorized palm olein.

The change was "in line with the president's decision and after taking into account the feedback and views from the people," Airlangga Hartarto said in a short statement.

President Joko Widodo said in a separate statement that people's need for affordable food trumped revenue concerns for now.

"Once domestic needs have been met, of course I will lift the export ban because I know the country needs taxes,...foreign exchange,...a trade balance surplus, but meeting the people's basic needs is a more important priority," he said.


Jokowi, as the president is popularly known, said Indonesia has enough capacity to meet domestic demand and it was "ironic" that the country is facing cooking oil shortages.

Palm oil markets have been jittery ahead of the ban and Indonesia deployed navy ships and personnel in an effort to thwart illegal shipments.

The new rules were due to take effect at midnight local time (1700 GMT), and the navy and other agencies had been instructed to step up patrols of Indonesian waters to ensure compliance, said navy spokesperson Julius Widjojono.
Palm oil futures on the Malaysia exchange surged by 9.8% on Wednesday, as some market participants feared exporters in Indonesia, the world's biggest palm oil producer, could not get their products onboard vessels in time before the ban starts.

US soyoil futures jumped more than 4% to a record high after Indonesia extended ban to include CPO.

"SHOCKED"

It was unclear if palm oil companies had been informed of the latest policy change.

Industry sources and traders, who requested anonymity because of the sensitivity of the issue, said they were shocked by the latest development.

"It's a drastic measure to rein in the prices and we hope it has the intended effect within a short period, and avoid hurting the industry," a palm industry source said.

"This is crazy. We are paying a price for Indonesia policy flip-flops. Every vegetable oil is going through the roof. Securing supplies of any vegetable oil for May shipments is a challenge," said a New-Delhi based dealer with a global trading firm.

Eddy Martono, secretary general of the Indonesia Palm Oil Association (GAPKI), earlier on Wednesday said the industry was trying to "operate as usual while continuing to monitor market movements."

Eddy said that with such short notice on the ban, first announced by President Joko Widodo on Friday evening, there was no way exporters could rush their products out.

"Its impossible to get a vessel instantly, everything would've been chartered," he said.

Indonesia's restrictions have driven up global edible oil prices as supplies were already choked by factors like drought and shortages after Russia's invasion of major crop producer Ukraine.

Indonesia's ban on palm oil exports is unlikely to last more than a month due to limited infrastructure to store the surplus oil and because of mounting pressure from buyers to resume shipments, industry officials said.

STUBBORNLY HIGH PRICES

The ban would remain in place until prices of bulk cooking oil dropped to 14,000 rupiah (US$0.9720) per litre, Airlangga said.

In Jakarta, bulk cooking oil prices were offered at around 19,000-20,000 rupiah (US$1.32-US$1.39) on Wednesday and in other regions prices could be higher, Reynaldi Sarijowan, a senior official at the traditional market traders' association, said.

In Riau province on Sumatra island, small farmers already saw a drastic drop in price of palm oil fruits due to the export ban, local planters said, and they fear that palm oil companies will stop buying from independent farmers.--REUTERS

Posted by kevinobc > 2022-04-28 08:23 | Report Abuse

https://www.bloomberg.com/news/articles/2022-04-27/palm-oil-advances-as-market-prepares-for-indonesia-export-ban

Posted by Richman1688 > 2022-04-28 12:55 | Report Abuse

Dreaming

Posted by 8888_ > 2022-04-28 21:44 | Report Abuse

CPO RM 6900 FGV make big profit not a dream? Last year avg CPO only RM 3600+ already big profit how about 2022 avg min RM 5K? My RM 5K avg is before Russia-Ukraine Crisis. If the Crisis drag until Dec 2022 perhaps RM 6K avg is not a dream.

Richman1688

Dreaming

8 hours ago

Posted by 8888_ > 2022-04-28 21:47 | Report Abuse

Zuraida says Malaysia can meet global palm oil demand after Indonesian export ban
-A+A
KUALA LUMPUR (April 28): With the world’s largest exporter of palm oil out of the picture, Minister of Plantation Industries and Commodities Datuk Zuraida Kamaruddin is confident that Malaysia will be able to meet global demand for the vegetable oil.

Following Indonesia’s halt in palm oil exports effective Thursday (April 28), there is concern of a global supply shortage, but Zuraida gave a reassurance that
Malaysia will be able to meet the international demand by raising production.

“Yes, we will still be able to [meet] global demand because with the borders reopened, foreign labour is coming in. We will be able to increase our production and productivity and we should be able to supply the [global market],” she said in a press conference after an event at her Ampang parliamentary constituency.

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Indonesia accounts for 56% of global palm oil exports, followed by Malaysia at 31%. With Indonesian exports halted, a large gap in supply is left to be filled.

Zuraida also commented on the Malaysian Palm Oil Board’s (MPOB) call for a temporary suspension of Malaysia’s biodiesel mandate to ensure adequate supply of palm oil for use in food, after the Indonesia ban on palm oil exports is implemented.

The minister stressed that there will be no changes to the biodiesel mandate.

“We are still proceeding with our biodiesel [mandate], but the concentration is not so much that now, as we are going into a circular economy of biomass,” she said.

On another matter, the minister said inflation may be an impending issue, as the Indonesian palm oil export ban, coupled with the Ukraine-Russia conflict will impact
global vegetable oil supply.

Forced labour issues may also usher the supply and demand situation into bad waters, as the ongoing forced labour dispute Malaysia faces with the European Union (EU) and the US remains unresolved.

Previously, Zuraida said Malaysia is seeking to meet the US Customs Border Protection (CBP) and the European Union in July to address the allegations, as well as the fallout from withhold release orders issued by the CBP to FGV Holdings Bhd and Sime Darby Plantation Bhd back in 2020.

Jakarta’s announcement on Wednesday of a broadening of the scope of its export ban on raw materials for cooking oil to include crude and refined palm oil, left markets bewildered.

This is because just a day earlier, the country’s coordinating minister for economic affairs, Airlangga Hartarto, reportedly said that the ban would only apply to palm olein.

Airlangga was quoted as saying that the export ban would stay in place until prices of bulk cooking oil fall to 14,000 rupiah (RM4.22) per litre.

The bulk cooking oil prices on Wednesday (April 27) stood at 19,000 to 20,000 rupiah (RM5.71 to RM6.01) per litre in Jakarta, according to Reuters.
https://www.theedgemarkets.com/article/zuraida-says-malaysia-can-meet-global-palm-oil-demand-after-indonesian-export-ban

Posted by 8888_ > 2022-04-29 11:37 | Report Abuse

Yesterday I talked avg RM 5K, RM 6K CPO, how about if actual CPO is RM 7K like today? Drop is you buy at discount not good?

Posted by manahin > 2022-04-29 12:01 | Report Abuse

When cpo rm5k fgv 2, when cpo rm6k fgv 2.01, when cpo rm7k fgv 2.02... Hahah!

Posted by 8888_ > 2022-04-29 16:46 | Report Abuse

Is it because Saji cooking oil cannot up? Why I see many supermarkets 5kg Saji cooking oil still sellling below RM 30?

manahin

When cpo rm5k fgv 2, when cpo rm6k fgv 2.01, when cpo rm7k fgv 2.02... Hahah!

4 hours ago

Posted by 8888_ > 2022-04-29 16:47 | Report Abuse

Ask govn pay for Saji cooking oil subsidies.

Posted by masterus > 2022-05-04 06:48 | Report Abuse

Oil prices are hitting all-time highs worldwide, creating long lines and panic buying. If that reads like an old story, consider this: we're not talking about fuel oil here. We're talking about food oil, and sunflower oil and palm oil in particular.

In the case of sunflower oil, it's because of a sharp decrease in supply due to the war in Ukraine. Russia and Ukraine together accounted for 75 percent of sunflower oil production before the war began, with Ukraine the world's largest exporter. With harvests in Ukraine stalled , and sanctions in place against Russian firms, production and exports have slumped: exports from Ukraine are down 95 percent since the invasion, and if the war grinds on, Ukrainian farmers risk missing their harvesting and planting windows.

The sunflower oil shortage has hit some Western countries particularly hard. Sunflower oil is one of the most popular cooking oils in Germany and the UK, both of which love their deep-fried foods and value (or valued) sunflower oil for its relatively low price point and comparatively high smoke point. The shortage has created runs on sunflower oil in both countries, with grocery stores rationing sales after shelves were cleared of all supplies, and some restaurants in Germany taking fries off the menu.

Posted by junkit > 2022-05-05 17:06 | Report Abuse

2022年最大涨幅的棕油股 - FGV:
https://youtu.be/V6HZye504TE

Posted by Mabel > 2022-05-08 08:57 | Report Abuse

https://www.bharian.com.my/bisnes/lain-lain/2022/05/952480/eropah-mula...

Here is More Good New for Mabel Oil...

Huat Chaii...

Posted by Mabel > 2022-05-08 09:11 | Report Abuse

Oil prices are hitting all-time highs worldwide, creating long lines and panic buying. If that reads like an old story, consider this: we're not talking about fuel oil here. We're talking about food oil, and sunflower oil and palm oil in particular.

In the case of sunflower oil, it's because of a sharp decrease in supply due to the war in Ukraine. Russia and Ukraine together accounted for 75 percent of sunflower oil production before the war began, with Ukraine the world's largest exporter. With harvests in Ukraine stalled , and sanctions in place against Russian firms, production and exports have slumped: exports from Ukraine are down 95 percent since the invasion, and if the war grinds on, Ukrainian farmers risk missing their harvesting and planting windows.

The sunflower oil shortage has hit some Western countries particularly hard. Sunflower oil is one of the most popular cooking oils in Germany and the UK, both of which love their deep-fried foods and value (or valued) sunflower oil for its relatively low price point and comparatively high smoke point. The shortage has created runs on sunflower oil in both countries, with grocery stores rationing sales after shelves were cleared of all supplies, and some restaurants in Germany taking fries off the menu.

Mabel Farmeow