Already warned long time ago, tapi degil! Palm Oil - Long term crash coming soon ada ingat x? Now all FCPOs trading below RM4000. It just took about six months.
i3lurker must be happy for buying again for the dividend. So much for efficiency!
Diu.... fundamental counter, cheated by its past result, should believe my TA rather than its fundamental...operator should have knew it just now thus dumped at the last hour.
Just that Bplant make use of their good fortune now....to clear & settle some outstanding issue of the accounts mah!
Remember look for the positive hints of bplant mah!
1. The net borrowing of Bplant has dropped alot despite paying out huge div. 2. The guidance of Bplant prospect going fwd is positive. 3. Their sell of kulim land that fectched Rm 100m, will be realized in Q4, this will fetched Rm 90m of profits mah!
Between Year 2014 to 2018 the average CP0 price was trading at around $2000 - 2600 per tonne. The lowest was betw $1,800 - 1,900 per tonne during the slump in soft oil & crude oil prices. Slowly CPO and other soft oils gradually recover from their low in 2nd half of 2019 to 2022 { present day } from $2,600 - 3600 per tonne. The unprecented high CPO price {$7,500 per tonne} in March this year was at the height of Ukraine conflict { not forgetting the sudden imposition of a export ban by Jokowai } We must not forget and remember that CPO is influence and affected by other soft oils & crude oil movements. Our windfall tax levy kicks in once CPO prices breach past the $ 3.000 per tonne for Peninsular and $3,500 for East Malaysian states. Historically, most planter's view $3,600 - 4,000 per tonne price range is positive and very favourable. Currently CPO is now trading at $4,000 per tonne. Not a buy call but just my own personal view
Fertilizer price increase, palm oil price remains high. Now performance of oil palm upstream companies count on their management efficiency. KLK and United Plantations are good example of good management judging from their latest QR results.
On 15 November 2022 world population reach 8 billion.
Did anyone know how can you feed the world population and keep the population healthy, smell good, look good and feel good (hygenic, personal care,toiletries, cosmatic, soap and detergent are among some of products make from palm oil and palm kernal oil) without palm oil?
For far too long the Western media are using propaganda to undermine the palm oil industry and suppressed palm oil price (With misinformation on health and enviornment issues) because they know their oil seeds cannot compete with palm oil. And if you cannot compete, then the only way you can win is by smear campaign or strong-arm tactic and I am sad they are still Malaysians parroting their propaganda.
Palm oil is an incredibly efficient crop, producing more oil per land area than any other equivalent vegetable oil crop. Globally, palm oil supplies 40% of the world’s vegetable oil demand on just under 6% of the land used to produce all vegetable oils. To get the same amount of alternative oils like soybean, coconut, or sunflower oil you would need anything between 4 and 10 times more land. Malaysia and Indonesia already long ago stop any new land opening for palm oil.
Yes. Totally disappointed that some ignorant Malaysian are still echoing and buying the western funded NGO scandalous accusation without looking at basic and rudimentary facts and figures. Corn oil, SBO oil, canola oil, sunflower oil and other soft oils vs palm oil cooking oil. Palm oil wins hand down vs all the other competing oil in terms of pricing, demand, productivity and the ability to feed the world growing population as well as a feedstock for fuel. The recent Ukraine crisis has shown there is no substitute for palm oil. Without going into trade tariffs and taxes. a bottle of 3 litre canola oil cost RM 45-RM 50 vs a 5 litre of Palm oil that sells below RM 30. Palm oil has overtaken SBO in the last 20 odd years as the most consumed edible oil in the world. Do I need to say more?
Thanks to Bplant's committed dividend policy, my holding cost of Bplant has dipped so much that I don't even care about the fluctuation in its daily share price, and my holding cost keeps dipping down as I know the dividends will keep coming in.
No regrets in investing for Bplant share in long term basis, even for > 10 years.
Of late, many FCPO Analysts are saying FCPO for year 2023 & even 2024 will dip very low and say the future strong earnings of listed oil palm companies are past/history.
FCPO depends on lots of factors which I don't need to deliberate & elaborate here, but I would like to express my opnion that palm oil is a food security issue in the world & the differential pricing of CPO against Soyabean is about RM2,700-00.
Come 2024, after 2023, economic conditions may turn the better with demands for edible oils esp' with palm oil may exceed supplies, and so, investing for consistent long term is the best & safe option.
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It happens to Bstead a few days earlier. So what’s the fuss of changing BOD? It’s normal for a GLC post elections. Of 4, 3 Of them are BN members. Remember PMX directive on all gov appointed post in GLCs to be removed?
4 out of 5 BPlant chairman and directors that resign are UMNO members. This is the cleansing that the current Unity Government trying to do to by removing political appointees and replaced with capable and qualified GLC directors. This is very2 good news for BPlant moving forward and other GLCs.
Bertanding buat pertama kali di kerusi Dewan Undangan Negeri Juasseh yang merupakan kubu kuat Barisan Nasional pada Pilihan Raya Umum Ke-14 memberi laluan mudah kepada Datuk Ismail Lasim.
Datuk Indera Mustaffar Kamal Ab Hamid merupakan calon Barisan Nasional mewakili Parti UMNO bertanding kerusi Dewan Undangan Negeri (DUN) N12 Beserah, Pahang pada Pilihan Raya Umum (PRU) Ke-15.
Datuk Din Adam adalah calon Barisan Nasional (BN) bagi Parlimen Dungun pada Pilihan Raya Umum (PRU) Ke-14. Beliau menyadang jawatan Ketua Umno Bahagian Dungun.
Mohd Azahar Ibrahim pernah memegang jawatan Bendahari Pemuda UMNO Bahagian Labis (2004-2008) serta Ketua UMNO Cawangan Kampung Paya Merah, Labis.
Newspaper report only report 1 side of story, sometimes you need to do your own research on why this is happening. I just need to do 20 mins google search and come out with this conclusion.
First and foremost please convey my many thanks to the Board of Directors for giving another RM 3.3 cent dividend for Q4 financial end 31th Dec 2022.
While checking on 2021 Annual report page 155 for more information of land held under Geran Mukim 577, Lot 15 and Geran 39039, Lot 1314 and partial of land under Geran 32397, Lot 277 Mukim Padang China,Daerah Kulim, Kedah measuring 300 acres for a total cash consideration of RM98.0 million.
The recorded show: Bukit Mertajam Estate, Kulim, Kedah 2,727.1 hectares, Oil palm estate, Freehold with book value RM 207.1million
On further scrutiny I am surprised that the Malakoff Estate, Tasek Glugor, Pulau Pinang 562.3 hectares, Oil palm estate, Freehold with book value RM 63.9 million reported in 2020 Annual report Page 162 was missing in 2021 Annual report.
My questions; Question 1: Is this an oversight or Malakoff Estate is now under land use conversion from agriculture land to property development land? Please clarify ASAP
Question 2: I refer to 109th ANNUAL GENERAL MEETING Answers to Questions Submitted by Shareholders Currently we are undertaking the sale process of Sarawak by appointing the relevant advisors for the said transaction. We will make the necessary announcement upon finalization of the said disposal as required by the Main Market Listing Requirements. For FY2022, we plan to dispose our Sarawak Assets
May I know what the progress of the aboves disposal of Sarawak assets is?
Thank you Have a good day and a quick response will be appreciated.
300 acres of Bukit Mertajam Estate, Kulim free hold land dispose for RM 98 million so the whole Bukit Mertajam Estate, Kulim, Kedah 2,727.1 hectares, Oil palm estate, Freehold with book value RM 207.1million should worth how much?
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....
DickyMe
14,932 posts
Posted by DickyMe > 2022-11-22 21:10 | Report Abuse
Already warned long time ago, tapi degil!
Palm Oil - Long term crash coming soon ada ingat x?
Now all FCPOs trading below RM4000.
It just took about six months.
i3lurker must be happy for buying again for the dividend.
So much for efficiency!