At the close, the CPO futures contract for the spot month of July 2022 improved RM251 to RM5,049 a tonne, August 2022 increased RM283 to RM4,985 a tonne, the benchmark September 2022 rose RM258 to RM4,922 a tonne, October 2022 was RM237 higher at RM4,905 a tonne, November 2022 added RM236 to RM4,918 a tonne, and December 2022 expanded RM224 to RM4,935 a tonne.
Total volume shrank to 54,371 lots from 76,254 lots last Friday, while open interest widened to 266,928 contracts from 215,808 contracts previously.
The physical CPO price for July South was RM250 higher at RM5,150 a tonne.
Posted by Jonathan Keung > 47 minutes ago | Report Abuse Bplant bar chart showed the line chart undergoing consolidation phase. Expect sideway trading with trading between 80- 88 price range
Recent market sell-down has rendered the sector even more attractive considering the sector’s defensive business and solid asset base.
We are upgrading the sector from NEUTRAL to OUTPERFORM.
Our top integrated pick is KLK (OP, TP: RM30.00) which offers strong YoY earnings growth in FY22, a beneficiary of firm prices of edible oils and biofuels with strong balance sheet and track record.
We also like mid-cap such as BPLANT (OP, TP RM1.00) and HAPLNT (OP, TP RM3.30) for generous dividends and TSH (OP, TP RM1.90) for long-term growth as it seeks to expands its planted area from under 40k Ha to 60-65K Ha over the next 6-8 years.
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....
Mikecyc
47,016 posts
Posted by Mikecyc > 2022-06-27 19:44 |
Post removed.Why?