All in ,don't worry 100% gap up towards 0.50 and next 0.60 to 0.70 Totally no risk compare to other penny stocks BPLANT prime lands are more valuable than its current share price
many of Bplant plantation valuation is more than 20 years ago. The land worth far more than it current book value. As such it actual NTA per share at least rm2.00+. Unfortunately they are not going to revalue or sell the land. I am hopping they can pay good dividend as b4. So the price can return to rm1 above..
Top 10 reasons why Palm oil stocks will go into a bull run
1. China hit by 3 massive typhoons in its North-West. Heilongjiang the bread basket of China has been flooded. It's soybean crops are destroyed
2. As a result China must buy soybean from Usa.
3. Last year China swine fever wiped off many pigs. Soybean is also needed as feedmeal for pigs
3. Us now in drought as soybean production is less.
4. Argentina and Brazil soybean crops won"t be ready until Feb 2021
5. So with increasing demand and dwindling supply soybean prices are rocketing upward
6. Soybean going up will pull up palm oil as their prices are co-related
7. India now will turn to cheaper palm oil as soyoil becomes too expensive
8. Malaysian palm oil stocks are depleting due to lack of Indonesia workers due to mco Again less stock means higher prices
9. Last quarter result of March to May cpo prices were weak. Buy cpo prices have surged from June to August quarters so palm oil stocks are expected to report very good results in Nov 2020
10. Best of the best now in Sept 2020 soybean oil has almost reached Usd35.00 and Cpo future going to cross Rm3,000 barrier
All these converging factors will propel palm oil stocks into bull run just like coronavirus powered up medical gloves
Buy early before others are aware
Bplant Wtk Jtiasa Tdm Mhc Cepat Hs plant Chinteck if you can hold longer term
https://www.marketscreener.com/quote/future/SOYBEAN-OIL-FUTURES-ZL-3885097/charts/# .... Soya also Just Broke the resistance of US$34.28 ........... Two Major BUYERS of CHINA and INDIA will have to look for Cheaper alternative. And Not even Peak demand season. Soya looks to continue UP ....... as US is the ONLY supplier with Capacity and Stocks for 2020. ............... So ???
CPO RM2,930 per metric tonne today BPLANT continues bullish up trend tomorrow and will cross over 0.50 for the first time since government implemented MCO started from 18 March, 2020
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....
ThePowerOfGlove
3,963 posts
Posted by ThePowerOfGlove > 2020-09-14 20:51 | Report Abuse
keep up the good work