HLIB Research said it believed that CPO price will remain lacklustre in the next few months, possible until 2Q24, on three accounts, including CPO’s unattractive price discount against soybean oil (US$258/mt in end-2023 vs. 3-month and 6-month average of US$367/mt and US$499/mt, respectively)

https://themalaysianreserve.com/2024/01/04/hlib-research-neutral-on-plantation-buy-calls-for-ioi-corp-hap-seng-plantations/

Still early to make that conclusion, 8dragon 😅

El Niño expected to have minimal impact on palm oil production. Way to calm the market down ..
https://theedgemalaysia.com/node/694502

@singkalin. Haha, trued. That's one of the questions that needed to be brought up during the AGM next year

@singkalin. Those're traders. Don't worry, its share price still sustains at above 80 cents

The export of palm oil will also increase in Dec 😀

I prefer dialog over knm in terms of fundamentals

Lol, wbuffet2. That's a bit exaggerated 😅 But I like that spirit, hehe

nice, breaking Rm2 alrdy. Sentiment for oil market is slwly coming back

https://www.freemalaysiatoday.com/category/highlight/2023/12/13/palm-oil-sector-to-gain-from-joharis-cabinet-appointment/

Hope for the best for Palm oil industry next year 😀

Palm oil industry players have welcomed Johari Ghani’s appointment as plantation and commodities minister following yesterday’s Cabinet reshuffle and expect him to improve the agricultural sector’s governance and practices.

Start rebounding after EPF tapped in 🙂

It will get lifted certainly as Malaysia and Indonesia will continue to collaborate to shore up palm oil’s credibility

really reach lowest low (1-year low) currently ...

https://www.nationthailand.com/world/asia-pacific/40032678

El nino effect will increase demand and the price of palm oil as well

Kenanga like MAHSING for: (i) its efforts to keep its net gearing ratio in check, with a 3QFY23 reading of 0.13x being the lowest since creeping up to 0.34x in 2QFY22, (ii) lifestyle-focused products to provide ease of entry for first-time home buyers, and (iii) sound land bank management and turnaround which minimises carrying costs.

i guess it's fine and they might do it for fy2024 as palm oil market is going to have positive outlook next year. https://theedgemalaysia.com/node/692125

...Thought they will declare dividend when they announced QR

Going down when IBs buy call 😅

Of course MBL will still make profits and I guess they will make more than RM3 mil in net profits 🙂

waiting 80 cents to average ..

I estimate that MBL can generate more than Rm3 mil of net profits in q3

quiet going up before Q3 result is out?

Is that old news?

good Q1 result but share price still hanging around 2.12 there. ha

MBL probably will move up end of this month ; )

It will hang around at 0.84 there before its q3 is out this month end I think..

MBL still a cash rich company despite of that levy

TP 3.36 from Aminvest

end of this month I guess, like 28 or 29 Nov

Property counter goes up today. Is it because of strong MYR?

its q3 is going to be released this month, let's look forward to it 😀

Tap in a bit at 61 cents as expect it will deliver good q3

not gonna happen for it to dip below 0.40 as MBL is going to show us excellent qr next month

Followed local institutions enter

Queuing at 45.5 cents to tap in a bit again 🤓

One of the good catalyst: Mah Sing on track to achieve 2023 property sales target of RM2.2 billion

https://theedgemalaysia.com/node/687198

It seems like 61 cents is a great deal for accumulation 😃

cheap sale and lelong sale at 47 cents and you don't wanna miss it

shorties are the problem...

El Nino phenomenon will further boost the CPO price and the demand of palm oil

Declare 2.4 cents of dividend, highest one so far !

Tp 70 cents after pp 😀

Don't forget MBL is traded almost 50% lower than its current NTA (0.93 cents). Lelong price still

P/E for UEMS is much more higher than Mahsing. Pick Mahsing better

keep calm, hektar is still moving steadily above 60 cents and we are going to receive great dividend next Monday

prepare to chip in when it reaches Rm2 and below ...

MBL certainly is undervalued now, especially given the looming El Nino-driven palm oil trends

https://www.cbsnews.com/news/el-nino-continue-spring-2024-forecast-climate-predict-noaa-national-weather-service/

Next week hit Ambank's TP ? 🤓