Aluminium price is surging this week. Will be good for LBA

Because sentiment in Bursa is really poor .

Which Step are we in now ? Hahaha

May be wind of privatization?

Soybean, corn and canola are surging again . So is palm oil ?

A least some interesting development in new business now.

May be another attempt to privatize it with seemingly good premium over today’s price ?

@stockraider , it purposely done to ‘punish ‘ minorities.

Because CPO and other edible oil going strong today. Hahaha..

@TheContrarian, I hope your prayers come true . Hahaha…

Holding grudges against minority shareholders who voted against the SCR?

https://www.theguardian.com/world/2021/dec/21/fda-approve-paxlovid-molnupiravir-covid-pills
US shall approve Covid treatment pills that claim to be very effective in reducing severe symptom and hospitalization. With so much new productions capacity globally, the glove business is under pressure

Oil palm tree is very hardy plant, won’t be killed by few days of sporadic flooding. Once flood subside shortly every back to normal. The impact to profit is negligible or none.

KUALA LUMPUR (Dec 21): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives reversed Monday’s losses to close higher on Tuesday. Gain were supported by the expectation of weaker output in the coming weeks.

Meanwhile, Mumbai-based Sunvin Group commodity research head Anilkumar Bagani said the market ended higher on Tuesday following the move by the Indian government to cut base import duty on refined palm oil to 12.5% from 17.5% as part of efforts to increase domestic supplies and bring down the retail prices of cooking oil.

Bagani said the market was also influenced by the announcement by India’s Ministry of Commerce and Industry about the relaxation of import restrictions on refined palm oil till Dec 31, 2022.

Malaysia and Indonesia have a relatively large supply of refined palm oil products and were eyeing fresh buying support from destination markets.

“If origins maintain the competitive pricing of refined palm oils, India may switch to it from CPO and even from soft oils, depending on the net spread at the cellulose nanofiber (CNF) market,” Ng said.

At the close, CPO futures contract for January 2022 increased RM96 to $4,853. The physical CPO price for January South was RM80 higher at RM4,900 .
22/12/2021 6:57 AM
Johnzhang

KUALA LUMPUR (Dec 21): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives reversed Monday’s losses to close higher on Tuesday. Gain were supported by the expectation of weaker output in the coming weeks.

Meanwhile, Mumbai-based Sunvin Group commodity research head Anilkumar Bagani said the market ended higher on Tuesday following the move by the Indian government to cut base import duty on refined palm oil to 12.5% from 17.5% as part of efforts to increase domestic supplies and bring down the retail prices of cooking oil.

Bagani said the market was also influenced by the announcement by India’s Ministry of Commerce and Industry about the relaxation of import restrictions on refined palm oil till Dec 31, 2022.

Malaysia and Indonesia have a relatively large supply of refined palm oil products and were eyeing fresh buying support from destination markets.

“If origins maintain the competitive pricing of refined palm oils, India may switch to it from CPO and even from soft oils, depending on the net spread at the cellulose nanofiber (CNF) market,” Ng said.

At the close, CPO futures contract for January 2022 increased RM96 to $4,853. The physical CPO price for January South was RM80 higher at RM4,900 .
22/12/2021 6:57 AM
Johnzhang

KUALA LUMPUR (Dec 21): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives reversed Monday’s losses to close higher on Tuesday. Gain were supported by the expectation of weaker output in the coming weeks.

Meanwhile, Mumbai-based Sunvin Group commodity research head Anilkumar Bagani said the market ended higher on Tuesday following the move by the Indian government to cut base import duty on refined palm oil to 12.5% from 17.5% as part of efforts to increase domestic supplies and bring down the retail prices of cooking oil.

Bagani said the market was also influenced by the announcement by India’s Ministry of Commerce and Industry about the relaxation of import restrictions on refined palm oil till Dec 31, 2022.

Malaysia and Indonesia have a relatively large supply of refined palm oil products and were eyeing fresh buying support from destination markets.

“If origins maintain the competitive pricing of refined palm oils, India may switch to it from CPO and even from soft oils, depending on the net spread at the cellulose nanofiber (CNF) market,” Ng said.

At the close, CPO futures contract for January 2022 increased RM96 to $4,853. The physical CPO price for January South was RM80 higher at RM4,900 .

In the news today;

AFTER a stellar financial performance in the first nine months of its financial year ending Dec 31, 2021 (9MFY2021), thanks to higher crude palm oil (CPO) prices, Sime Darby Plantation Bhd (SDP) is looking to ensure consistent, stable income growth in FY2022 and beyond.

The group reported a 73% year-on-year increase in net profit to RM1.79 billion in 9MFY2021 . This was attributed to a solid performance from its upstream sector, which was supported by a 43% y-o-y increase in realised CPO prices during the period to RM3,545 pmt.

For its downstream sector in 3QFY2021, when it saw a decline in profitability. Its downstream segment, Sime Darby Oils, faced a challenging quarter as profit before interest and tax declined to RM7 million from RM71 million in the previous year, mainly attributable to lower profits generated by its Asia-Pacific operations.

In an email response to questions from The Edge, SDP says its downstream segment in 3QFY2021 was impacted by an unrealised loss on commodity hedges due to rising CPO price.

SDP adds that it has also secured most of its fertiliser requirements for next year, which is expected to increase its production costs by 10% to 15%.

On how Cukai Makmur — the one-off prosperity tax announced in Budget 2022 to be imposed on companies with a chargeable income of above RM100 million in year of assessment 2022 — would impact the group, SDP says the tax is not applicable to group-wide profits.

“The one-off prosperity tax is applicable to Malaysian companies with profits above RM100 million and not the group-wide profits. Thus, it is not expected to significantly affect net profit after tax.”

@Goh, don’t risk your hard earned money to buy cheap stocks. Better buy undervalued stock . Cheap price doesn’t mean undervalued. Talam at 2.5 sen , AT at 4 sen, saudee at 6 sen etc are very very cheap , but they are probably not undervalued. Mphb cap is truly undervalued.

Amid US pressuring Opec to increase production substantially to ease high inflation, Opec said what it has to say. Though Covid will be lingering around , i think economic activities and travels will continue progressing to normalcy in 2022/23.

Climate change havoc, decarbonisation policy and ESG compliance will significantly change the market dynamics of O&G and Agriculture sectors.
Curtailment of new investment in O&G and agriculture which actually started 2-3 years ago, will result extremely tight supplies going forward as opposed to continuous demand growth for these commodities.
Ultimately, these commodities will fetch good prices and consumers will suffer hyperinflation.

Upstream O&G producers and oil palm plantation companies are the beneficiaries from this development for years to come Consumers are the losers paying higher prices permanently

What will happen once US and its allies done with the release of their strategic oil reserve ?
Opec has the power to regulate supply and keep price higher.
There has been minimum new investment in Oil exploration and new oil field development for last few years which will result very tight supply in years to come.

The decision to INVEST is based on mid term trend, structural changes in mkt/industry and regulator's policy. Investors shouldn't be agitated by day-to-day price fluctuation.
The decision to TRADE is based on day-to-day and week-to-week changes. Traders are concern of day-to-day price fluctuation.

Even if CPO maintain $4,000 , plantation companies earning will be very good too.

KUALA LUMPUR, Dec 20 -- The production of crude palm oil is expected to return in earnest next year in both Malaysia and Indonesia, OCBC Treasury Research said.

With the Malaysian Palm Oil Board’s (MPOB) palm stocks returning above two million tonnes in the third quarter of 2022, it means prices are expected to remain supported through the first half of 2022, it said in its Commodity Outlook 2022.

“In addition, our expectations of higher soybean prices mean the palm complex is also expected to be lifted higher,” the research house said.

OCBC has forecast palm oil to be RM4,750 next year.

Climate change havoc and ESG pressure will stifle agriculture production in many years to come . Edible oil price will stay elevated for years , thus benefiting oil palm plantation companies .

KUALA LUMPUR, Dec 20 -- The production of crude palm oil is expected to return in earnest next year in both Malaysia and Indonesia, OCBC Treasury Research said.

With the Malaysian Palm Oil Board’s (MPOB) palm stocks returning above two million tonnes in the third quarter of 2022, it means prices are expected to remain supported through the first half of 2022, it said in its Commodity Outlook 2022.

“In addition, our expectations of higher soybean prices mean the palm complex is also expected to be lifted higher,” the research house said.

OCBC has forecast palm oil to be RM4,750 next year.

Subject to the Tabung Haji Act 1955 (Act 535), Azman and the TH board will be responsible in managing all matters pertaining to haj pilgrims. He will also be responsible in the corporate management as well as the direction of TH's strategic development,

Azman, 60, served as Managing Director of Khazanah Nasional Berhad as well as chairman of the Axiata Group Bhd.

KUALA LUMPUR: Tan Sri Azman Mokhtar has been named the new chairman of the Tabung Haji (TH) board effective Dec 20.

@Goh123, why you worry ? Afterall you have no more this stock . Hehehe..

OCBC has forecast for CPO next year at $4,750. This is well above the forecast given by the local IBs. Let’s see who is more professional.

https://newswav.com/A2112_I45SWE?s=A_GOkxxVM

OCBC is most bullish on CPO next year .

KUALA LUMPUR, Dec 20 -- The production of crude palm oil is expected to return in earnest next year in both Malaysia and Indonesia, OCBC Treasury Research said.

With the Malaysian Palm Oil Board’s (MPOB) palm stocks returning above two million tonnes in the third quarter of 2022, it means prices are expected to remain supported through the first half of 2022, it said in its Commodity Outlook 2022.

“In addition, our expectations of higher soybean prices mean the palm complex is also expected to be lifted higher,” the research house said.

OCBC has forecast palm oil to be RM4,750 next year.

OCBC is the most bullish bank for CPO next year .

KUALA LUMPUR, Dec 20 -- The production of crude palm oil is expected to return in earnest next year in both Malaysia and Indonesia, OCBC Treasury Research said.

With the Malaysian Palm Oil Board’s (MPOB) palm stocks returning above two million tonnes in the third quarter of 2022, it means prices are expected to remain supported through the first half of 2022, it said in its Commodity Outlook 2022.

“In addition, our expectations of higher soybean prices mean the palm complex is also expected to be lifted higher,” the research house said.

OCBC has forecast palm oil to be RM4,750 next year.

As announced in Generali ‘s website, the expected completion date of the acquisition is in the second quarter of 2022. The acquisition is deem completed when the share and payment change hand between buyers and sellers. Working backwards, that may means regulators approval can be secured quite soon from now for final due diligence on MPI and Axa-Affin to start . Due diligence normally takes a couple of months.
I guess the final due diligence on MPI should be a lot quicker as Generali is already a 49% shareholder of MPI and have knowledge of the accounts.

How can one day flood over the weekend affect the company’s profitability ? That senile old man just bulldoze thru anything . Some more, steel products can not be so easily damaged by water mah ! If there is any loss at all due to flood , it is definitely covered by insurance.
Old fox simply sensationise any issue just to drag hiaptek down. Bad intention!

Don’t know what OTB thinks of KYY’s logic ?

He will soon declare he has sold AYS.

That old senile fellow pandai pusing pusing.

GENERALI SIGNS AGREEMENT IN MALAYSIA TO ACQUIRE MAJORITY STAKE IN AXA AFFIN JOINT VENTURES AND PLANS TO PURCHASE 100% OF MPI GENERALI
22 JUNE 2021 - 07:02

The transactions transform Generali’s activities in Malaysia to become the #2 P&C insurer in the country, in line with its strategy to strengthen its leadership position in high potential markets
Generali to increase its current 49% stake in MPI Generali Insurans Berhad to 100%
Generali to acquire a 70% stake in AXA Affin Life Insurance joint venture (49% from AXA and 21% from Affin) and approximately a 53% stake in AXA Affin General Insurance joint venture (49.99% from AXA and 3% from Affin and minorities)
AXA Affin General Insurance and MPI Generali to be merged following the acquisitions creating one of Malaysia’s leading general insurance operations, with Generali holding a 70% stake

Generali, AXA, Affin Bank and MPHB Capital are working together to obtain the required regulatory approvals. Generali will commence the necessary integration planning to develop an organisation that leverages the skills, experience and expertise of all the staff of the combined business. The expected completion date of the acquisition is in the second quarter of 2022.

Is KYY picking another fight ?

Happy to see some small gain for those I picked up at 45-46sen. Hoping to see good QR to give further boost to steel counters.
---------------------------------------------------------------

Posted by Johnzhang >Dec 5,2021

I decide to top up at 45-46 sen level and hold it for 6-12 months. I think the selldown of steel counter is overdone. Steel prices is down but NOT out.

Yes. quickly sell. The more the merrier so that I can gradually built a bigger position.

@Plantermen, I am a bit more optimistic than you with regards to average CPO price for 2022. I personally think it will average above $4,000, unless there is the unlikely bumper crops of soya, rapeseed and sunflower seed. I don't see production in Malaysia and Indonesia going higher for next year due to a numbers of constraints.

@airfan99, take another careful read of my post on 10th Dec. Also, you may go to Bplant forum where I have on even date wrote what constitute Cost of Production.
Pls share your "Not so straight" facts and figures if what you have are different . NO use to just say " Not that straight calculation".
---------------------------------------------------------------------
Posted by Airfan 99 >Dec 14,2021
Have you take into consideration of the fertilizer and chemical cost which also up and also the Sarawak government tax. Not that straight forward calculation.

https://newswav.com/A2112_EJ5xMv?s=A_H4qzJzq
This is good news for longer term

It is very good for TSH if the land disposal in Kalimantan can go thru. It's only at heads of agreement stage , no SPA yet. A lot more details and conditions to work out especially the condition on conversion from HGU (right to use for agriculture) to HGB (right to use for building). I think this will be the biggest hurdle to cross, not a easy hurdle.