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.
Haha calvin still recalled what is the replanting cost per hectare per year as i posted in Fgv .... why Fgv is in Loss even during CPO price is ard RM 4200 ....
Yes. Please do not write off or discount off plantation stocks. The price of global jet fuel has nearly shoot thru the roof hitting major airlines profit, bottom line & their earnings { despite the sizeable improvement in recoveries and opening of the world economy} China has produced the world first biofuel jet fuel at their Sinopec plant using recycled cooking oil or called "gut oil" locally " palm oil is the world's most common & cheapest used cooking oil far out reach its other soft oil competitors { corn oil, rapeseed, sunflower, coconut or SBO} recycled bio jetfuel oil has an added advantage of cutting down half of carbon dioxide emission over its life circle. IAE agency estimated usage of jet biofuel will balloon up from current 0.1billion litres used to 2billion - 6billion litres in the coming next 3-4years. News from REUTERS
At the close, the CPO futures contract for spot month July 2022 improved RM110 to RM5,159 a tonne, August 2022 increased RM77 to RM5,062 a tonne, benchmark September 2022 rose RM67 to RM4,989 a tonne, October 2022 was RM53 higher at RM4,958 a tonne, November 2022 added RM35 to RM4,953 a tonne, and December 2022 expanded RM33 to RM4,968 a tonne.
Total volume increased to 63,130 lots from 54,371 lots on Monday, while open interest widened to 272,086 contracts from 266,928 contracts previously.
The physical CPO price for July South was RM100 higher at RM5,250 a tonne.
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....
i3lurker
13,606 posts
Posted by i3lurker > 2022-06-28 00:19 | Report Abuse
if cannot see better dun buy loh
if somebody did an EcoWorld to you again, its not my problem loh
Problem belong you.