FGV HL Bank top CPO picks why nobody talk? TP RM 2.43 still has 40% upside.

PETRONAS Energy new name?

Who hold for dividend gain more.

PM is Ismail Sabri not Najib why PETRONAS CEO must listen ie takeover?

Today rebound so yes.

lionel messi

Positive news for palm oil stocks?

Malaysia may cut palm oil export tax by half amid global supply crisis
https://www.theedgemarkets.com/article/malaysia-may-cut-palm-oil-export-tax-amid-global-supply-crisis-says-zuraida

Hartalega even reported loss QR so Kossan QR the best among big 4 gloves?

Poor market even up today. Pity haters.

VC up 1 sen not Kanger.

Ask govn pay for Saji cooking oil subsidies.

Is it because Saji cooking oil cannot up? Why I see many supermarkets 5kg Saji cooking oil still sellling below RM 30?

manahin

When cpo rm5k fgv 2, when cpo rm6k fgv 2.01, when cpo rm7k fgv 2.02... Hahah!

4 hours ago

Kanger QR big loss not VC why whistlebower99 doesn't know? He newbie is real?

Kanger got cheap ESOS eg at 6.3 sen(compare to mother 6.5 sen) but not VC haha.

Am I only shareholders? Why haters post I must answer not others?

VC no mention need further RI. Still subject to shareholders approval on Antara acquisition.

So far is up. How does Kanger share react?

CPO still up so 20 sen dividend can maintain if not add more.

I choose Swk Plant because I am going to be rich.

Yesterday I talked avg RM 5K, RM 6K CPO, how about if actual CPO is RM 7K like today? Drop is you buy at discount not good?

SGD 1= RM 3.15; Antara service apartments sure S'porean can buy.

NST nobody read in i3 why? Very thick today meaning a lot of advertisement income for Media Prima.

Dividend over is for 2021. 2022 even more dividend.

Only 1 kilometer Antara from Resort World Genting. Sure sell very well when service apartment complete.

Kanger lousy company(cannot pay) so Chai Kin Kong sell to VC instead?

JJPTR

Vc only got 11m cash ,how to buy 246m worth of condo from Antara Asset?
By the way ,Kanger also buy 145m worth of condo from Antara Asset,Chai King Kong company.
So 225m cash most like willcome from massive multi billion right issues.
be careful. First stage of pump to print and print going on

13 hours ago

Why up not down instead if bad news?

USD 1=RM 4.36 good for gloves not true?

Cash increase(from gloves profit) so use cash to buy property not sound decision? Even gloves expansion put on hold.

No crash is true why haters cannot accept?

19-19.5 sen done. Pity haters.

EPF as sellers? Can retailers absorb? No wonder hard to go up.

2022-04-28

Insider

EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 791,000 shares on 25-Apr-2022.

EPF bought back when RM 1.8.

Zuraida says Malaysia can meet global palm oil demand after Indonesian export ban
-A+A
KUALA LUMPUR (April 28): With the world’s largest exporter of palm oil out of the picture, Minister of Plantation Industries and Commodities Datuk Zuraida Kamaruddin is confident that Malaysia will be able to meet global demand for the vegetable oil.

Following Indonesia’s halt in palm oil exports effective Thursday (April 28), there is concern of a global supply shortage, but Zuraida gave a reassurance that
Malaysia will be able to meet the international demand by raising production.

“Yes, we will still be able to [meet] global demand because with the borders reopened, foreign labour is coming in. We will be able to increase our production and productivity and we should be able to supply the [global market],” she said in a press conference after an event at her Ampang parliamentary constituency.

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Indonesia accounts for 56% of global palm oil exports, followed by Malaysia at 31%. With Indonesian exports halted, a large gap in supply is left to be filled.

Zuraida also commented on the Malaysian Palm Oil Board’s (MPOB) call for a temporary suspension of Malaysia’s biodiesel mandate to ensure adequate supply of palm oil for use in food, after the Indonesia ban on palm oil exports is implemented.

The minister stressed that there will be no changes to the biodiesel mandate.

“We are still proceeding with our biodiesel [mandate], but the concentration is not so much that now, as we are going into a circular economy of biomass,” she said.

On another matter, the minister said inflation may be an impending issue, as the Indonesian palm oil export ban, coupled with the Ukraine-Russia conflict will impact
global vegetable oil supply.

Forced labour issues may also usher the supply and demand situation into bad waters, as the ongoing forced labour dispute Malaysia faces with the European Union (EU) and the US remains unresolved.

Previously, Zuraida said Malaysia is seeking to meet the US Customs Border Protection (CBP) and the European Union in July to address the allegations, as well as the fallout from withhold release orders issued by the CBP to FGV Holdings Bhd and Sime Darby Plantation Bhd back in 2020.

Jakarta’s announcement on Wednesday of a broadening of the scope of its export ban on raw materials for cooking oil to include crude and refined palm oil, left markets bewildered.

This is because just a day earlier, the country’s coordinating minister for economic affairs, Airlangga Hartarto, reportedly said that the ban would only apply to palm olein.

Airlangga was quoted as saying that the export ban would stay in place until prices of bulk cooking oil fall to 14,000 rupiah (RM4.22) per litre.

The bulk cooking oil prices on Wednesday (April 27) stood at 19,000 to 20,000 rupiah (RM5.71 to RM6.01) per litre in Jakarta, according to Reuters.
https://www.theedgemarkets.com/article/zuraida-says-malaysia-can-meet-global-palm-oil-demand-after-indonesian-export-ban

CPO RM 6900 FGV make big profit not a dream? Last year avg CPO only RM 3600+ already big profit how about 2022 avg min RM 5K? My RM 5K avg is before Russia-Ukraine Crisis. If the Crisis drag until Dec 2022 perhaps RM 6K avg is not a dream.

Richman1688

Dreaming

8 hours ago

Ruberex property good location in Damansara you don't know? Is Damansara property lousy or cheap?

RTO by Chai Kin Kong?

tklim BLOODY CHEAP

ANYONE CAN DO A HOSTILE TAKE OVER ON THIS COMPANY
27/04/2022 8:15 AM

Vortex to buy RM246m worth of properties in Genting Highlands
theedgemarkets.com
/
theedgemarkets.com

April 28, 2022 20:29 pm +08
-A+A
KUALA LUMPUR (April 28): Information technology and property construction company Vortex Consolidated Bhd is acquiring 187 units of serviced apartments in an on-going property development called Antara @ Genting Highlands in Pahang that is undertaken by Aset Kayamas Sdn Bhd for RM246.35 million cash.

In a bourse filing on Thursday (April 28), Vortex said it has entered into a conditional sale and purchase agreement with developer Aset Kayamas for the proposed acquisition.

Spanning 2.163ha, Antara @ Genting Highlands features four blocks of serviced apartments with common facilities/amenities, commercial/retail space and an elevated car park podium. The proposed development, with a gross development value of RM2.24 billion, will be carried out in two phases, of which both phases are expected to be completed by the third quarter of 2025. As at April 20 2022, the proposed development was 16% complete.

Currently, Vortex’s property portfolio comprises a mix of commercial and residential properties. It said the proposed acquisition will enable the group to have exposure in sizable investment properties at strategic location to diversify and supplement its future income stream via rental income.

"This is also in anticipation that the demand for properties at or surrounding Genting Highlands is expected to increase in the future in view that the global and Malaysian economies are entering the endemic phase of the Covid-19 outbreak with the rollout of vaccines and the progressive recovery phase of the Malaysian economy, especially in the retail, commercial and tourism industries," said Vortex.

Vortex shares closed unchanged at 18 sen on Thursday, bringing a market capitalisation of RM194.18 million.
https://www.theedgemarkets.com/article/vortex-acquire-187-serviced-apartments-genting-rm246-mil

You are right. Look at his Hextar and Opcom. Both fly; hopefully Ruberex also?

Jnlee

Dato Eddie ong power

1 hour ago

July CPO >RM 6500/ton, expect very good QR ahead for CPO sector and FGV in 2nd and 3rd qtr 2022.

USD 1=RM 4.35 is good news for gloves sector.

USD 1=RM 4.35 is good for gloves sector.

1 more talk crap like Contrarian? Mkt very bad is it so jealous people a lot?

62 sen today not 43 DickyMe a liar.

China Covid-19 cases soar why no gain?

2.5% FD rate in 11 days, who sell not smart incl MS? FD must wait 1 year to get 1.7%?

HLIB TP RM 2.43.

HLBank Research Highlights
Author: HLInvest
|

Latest Post: Mon, 18 Apr 2022, 09:24 AM
This blog publishes research reports from Hong Leong Investment Bank

Plantation - 1-year Low Stockpile
Author: HLInvest
|

Publish date: Tue, 12 Apr 2022, 09:36 AM
Palm oil stockpile declined further, by 3.0% MoM to 1.47m tonnes in Mar-22, as output recovery was more than offset by higher exports and domestic consumption, coupled with lower imports. Maintain 2022-24 CPO price assumptions of RM4,300/3,300/3,300 per tonne. We believe palm oil prices will remain at elevated levels (possibly until 1H22), supported by (i) weaker production outlook for corn and soybean in South America, and (ii) geopolitical tension, which will likely result in supply disruption in sunflower and rapeseed oils., as well as protracted fertiliser supply. As such, we reiterate our OVERWEIGHT stance on the sector. Top picks remain FGV (BUY; TP: RM2.43); IOI Corp (BUY; TP: RM5.09), KLK (BUY; TP: RM32.43) and Sime Darby Plantation (BUY; TP: RM5.95).

DATA HIGHLIGHTS
Stockpile continued to trend down. Palm oil stockpile remained on downtrend (for the fifth consecutive month), declining by 3.0% MoM to 1.47m tonnes in Mar-22, as output recovery was more than offset by higher exports and domestic consumption, coupled with lower imports. The stockpile came marginally lower than Bloomberg consensus median estimate of 1.49m tonnes.

Output rebounded… By 24.1% MoM to 1.41m tonnes in Mar-22, as output contribution from all key producing states recovered from seasonal factor. Cumulatively, CPO output inched up by 3.9% YoY to 3.8m tonnes in 1Q22, driven mainly by an output surge in Jan-22.

Exports rebounded too… By 14.1% MoM to 1.27m tonnes in Mar-22, due mainly to supply disruption on sunflower and rapeseed oils (arising from Russia-Ukraine conflict, which has in turn boosted demand for palm oil from India and EU, we believe), and seasonal factor (historically, China’s demand for palm oil usually picks up when winter season ends).

Exports for the first 10 days of Apr-22. Preliminary data from independent cargo surveyors Intertek and Amspec indicated that palm oil exports for the first 10 days of Apr-22 declined by 25.6-26.8% MoM, due mainly to lower demand from China, EU and Middle East.

HLIB’s VIEW
Forecast. Maintain 2022-24 CPO price assumptions of RM4,300/3,300/3,300 per tonne. We believe palm oil prices will remain at elevated levels (possibly until 1H22), supported by (i) weaker production outlook for corn and soybean in South America, and (ii) geopolitical tension, which will likely result in supply disruption in sunflower and rapeseed oils and protracted fertiliser supply (which may result in planters (in particular smallholders) reducing fertiliser application to oil palms, hence derailing the anticipated yield recovery. Over the longer term, we continue to believe that a pullback in CPO price will materialise when palm oil output recovers, which in turn hinges on the entrant of foreign workers into Malaysian shores. Based on our estimates, every RM100/mt raise in our CPO price projection will lift earnings forecasts for plantation stocks under our coverage by 3.5-15.0%.

Maintain OVERWEIGHT. We reiterate our OVERWEIGHT stance on the sector, underpinned by (i) high near term CPO prices (which will in turn translate to good near term earnings prospects), (ii) easing ESG concerns, and (iii) decent valuations. Top picks remain FGV (BUY; TP: RM2.43); IOI Corp (BUY; TP: RM5.09), KLK (BUY; TP: RM32.43) and Sime Darby Plantation (BUY; TP: RM5.95).


Source: Hong Leong Investment Bank Research - 12 Apr 2022

CPO up why FGV down? No promoters is it?

Russia-Ukraine war still on, VC play also on?

Top volume in Bursa but not trending stock in i3 why?