Bplant cpo cost is around 2050 per ton, current cpo price is 2820. They are making RM 780 per ton. Coming quarter earning will be very impressive. I was told the new ceo is Malay elite and passionate to perform. This is will be a turnaround theme play.
Bplant owned the palm oil estates at prime location which is near to its mills thus can minimise the transportation cost. 2050 cost has actually priced in the financial cost. Next quarter, bplant will make a strong come back with estimated profit of 30 millions, at least
I have seek advise from friend who is working in palm oil industry in east Malaysia and west Malaysia. He recommended me to buy Bplant as much as I can, because he see new Bplant CEO has make a great changes in term of management, cut substantial amount of wastage and most importantly, stop the ”leakage” due to some man made disasters which is inherited from previous company culture.
CPO Price closed at 2,860 per metric tonne for November, 2020 contract BPLANT will gap up tomorrow and try to break 0.475 again KLK plantation strongly rebound today CPO Price will rise above 3,010 by year end
Honestly speaking buying 40sen is a bargain, when deep in side your mind knew last quarter average is RM2200-RM2300 per ton. Upcoming quarter average is RM2600 per ton with 25% more tonnage. Collect when its cheap.
BPLANT share price will hit to RM1 and above before year end BPLANT will report for excellent quarterly result for the next 2 months due to continuously improving the CPO Price from the beginning of 1,945 per metric tonne this year to recently 2,900 per metric tonne
After healthy correction, BPLANT will move upwards again and its share price will break historical high again
Expect demand for palm oil for food consumption to improve ahead of the celebration of the mid autumn festival on October 1(in China) and recovery in demand from the hotel,restaurant and cafe sector
Both Malasiu and Indo .... Largest PO producers. Both now have COVID caese spiking ( lahat Datu and Kalimantan ) Will COVID affect harvesting of PO ???
https://tradingeconomics.com/commodity/soybeans ............ SOya Bean prices JUST spike . ..... Huge Spike. Will the Price difference between SB and PO ..... Cause PO prices to spike too??
All in,Boustead Plantation is a prime privatisation target.May propose selective capital reduction and repayment exercise of Boustead Plantation pursuant to section 116 of the Companies Act,2016
Retained earnings 1,127,453,000 Cash and bank balances 48,842,000 Net Tangible Asset 1.14 KWANTAS(6572) privatisation offer is at 1.65 per share,wheares i guess Boustead Plantation is offer 0.80 per share Watch out and monitor carefully before 27 October, 2020
CPO 5K also no power, made announcement saying take over a glove company,immediately, the price will shoot up to limit up .Nowadays KLSE is a very powerful gambling ground, the regulator one eye closed on market activities .MMAG shoot up to 1.16 ringgit,no need to pay dividend,no need to profit on the business,no need to bother NTA but made announcement related to glove or vaccine !!!!!!!!!!
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....
abcb
3,116 posts
Posted by abcb > 2020-09-09 22:50 | Report Abuse
Tomorrow try to break 0.475 again,then jump up to 0.50 to 0.62 soon