Selling Affin bank may make sense . Bstead is going after a digital banking license.

https://newswav.com/A2111_faKP2s?s=A_cBIRbsB

KUALA LUMPUR (Nov 18): Sime Darby Plantation Bhd said on Thursday (Nov 18) its third-quarter net profit from continuing operations more than tripled to RM635 million from RM190 million a year earlier, driven by the stronger performance of its upstream segment,

KUALA LUMPUR (Nov 18): Sime Darby Plantation Bhd said on Thursday (Nov 18) its third-quarter net profit from continuing operations more than tripled to RM635 million from RM190 million a year earlier, driven by the stronger performance of its upstream segment,

KUALA LUMPUR (Nov 18): Sime Darby Plantation Bhd said on Thursday (Nov 18) its third-quarter net profit from continuing operations more than tripled to RM635 million from RM190 million a year earlier, driven by the stronger performance of its upstream segment,

KUALA LUMPUR (Nov 18): Sime Darby Plantation Bhd said on Thursday (Nov 18) its third-quarter net profit from continuing operations more than tripled to RM635 million from RM190 million a year earlier, driven by the stronger performance of its upstream segment,

KUALA LUMPUR (Nov 17): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher on Wednesday owing to a higher overnight Chicago Board of Trade (CBOT) soybean oil market as well as expectation of stronger demand, palm oil trader David Ng said.

He told Bernama the recent export estimates by cargo surveyors point to higher demand.

KUALA LUMPUR (Nov 17): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher on Wednesday owing to a higher overnight Chicago Board of Trade (CBOT) soybean oil market as well as expectation of stronger demand, palm oil trader David Ng said.

He told Bernama the recent export estimates by cargo surveyors point to higher demand.

KUALA LUMPUR (Nov 17): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher on Wednesday owing to a higher overnight Chicago Board of Trade (CBOT) soybean oil market as well as expectation of stronger demand, palm oil trader David Ng said.

He told Bernama the recent export estimates by cargo surveyors point to higher demand.

KUALA LUMPUR (Nov 17): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher on Wednesday owing to a higher overnight Chicago Board of Trade (CBOT) soybean oil market as well as expectation of stronger demand, palm oil trader David Ng said.

He told Bernama the recent export estimates by cargo surveyors point to higher demand.

KUALA LUMPUR (Nov 17): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher on Wednesday owing to a higher overnight Chicago Board of Trade (CBOT) soybean oil market as well as expectation of stronger demand, palm oil trader David Ng said.

He told Bernama the recent export estimates by cargo surveyors point to higher demand.

Yes. Unbelievably price for Dec delivery is touching $5,300. Clear visibility for very good Q 4 results to come.

@intrinsic99, this is for you just in case you missed it
https://themalaysianreserve.com/2021/11/16/strong-3q-earnings-expected-for-boustead-plantation/

https://themalaysianreserve.com/2021/11/16/strong-3q-earnings-expected-for-boustead-plantation/

I think many of us already knew this months ago . Analysts always behind the curve for reason known to themselves.

@Intrinsic99, have you examined why ATAIMs performed badly in Q3 ? Are the same factors affecting ATAIMs also apply to oil palm industry?
It is very weak argument to based the poor results of one company from an entirely different industry to generalize.
Please tell us why oil palm companies will not do well in Q3 and even next qtr .

@Intrinsic99, just tell us the facts and figures why palm oil stocks are trap . No point to repeat the same thing again.

Calvin, The following shareholders are also traditional palm oil investors who are top 30 shareholders of Bplant:
NO 5. Lembaga Kemajuan Tanah Persekutuan (it is FELDA)
No 17 Key development ( Gan Teng Siew Group)
No 18 ChinChoo Investment ( Gan Teng Siew group)
No 26 Gan Teng Siew Realties

Gan Teng Siew Group themselves own quite some oil palm estates in West malaysia.

Intrinsic99, based on my knowledge and 30 years career associated with this sector, myself also eagerly promoting Palm oil stock including Taann . Could you pls share with all the readers the FACTs and FIGURES why you see palm oil stocks , especially Taann , does not worth a look . May be we can learn something from you .

@Intrinsic99, notwithstanding that myself also anxiously promoting Palm oil stock including Bplant, could you pls share with all tge readers the FACTs and FIGURES why you see palm oil stocks , especially Bplant , does not worth a look . May be we can learn something from you .

Golden Agri up 65% Ytd , but Taann up only 7%

Golden Agri share price up 65% ytd , but Bplant only up 8%

Golden Agri share price up 65.63% ytd , but THplant up only 18%.

Golden Agri-Resources share price up 65.63% ytd. IOI down 12+% ytd. Something wrong?

Palm oil producer Golden Agri-Resources has reported earnings of US$115 million for 3QFY21 ended Sept 30, up 580% y-o-y from a loss of US$5 million.
Revenue in the same period was up 76% y-o-y to US$2.8 billion,
The company notes that the on-going La Nina weather pattern will impact supply.
Yet, demand has not been “significantly affected” despite the high prices.
“Notwithstanding the more conducive market environment, we remain cautious of any uncertainties from the lingering global Covid-19 pandemic,” the company states.
“Looking forward, industry prospects continue to be positive given palm oil’s important role in supplying the growing global vegetable oil demand.”
Golden Agri-Resources closed Nov 11 at 27 cents, down 1.85% for the day and up 65.63% year to date.

Golden Agri-Resources up 65,63% ytd. Simepltn down 19.4% ytd .
Can you believe it ?

Palm oil producer Golden Agri-Resources has reported earnings of US$115 million for 3QFY21 ended Sept 30, up 580% y-o-y from a loss of US$5 million.
Revenue in the same period was up 76% y-o-y to US$2.8 billion,
The company notes that the on-going La Nina weather pattern will impact supply.
Yet, demand has not been “significantly affected” despite the high prices.
“Notwithstanding the more conducive market environment, we remain cautious of any uncertainties from the lingering global Covid-19 pandemic,” the company states.
“Looking forward, industry prospects continue to be positive given palm oil’s important role in supplying the growing global vegetable oil demand.”
Golden Agri-Resources closed Nov 11 at 27 cents, down 1.85% for the day and up 65.63% year to date.

Palm oil producer Golden Agri-Resources has reported earnings of US$115 million for 3QFY21 ended Sept 30, up 580% y-o-y from a loss of US$5 million.
Revenue in the same period was up 76% y-o-y to US$2.8 billion,
The company notes that the on-going La Nina weather pattern will impact supply.
Yet, demand has not been “significantly affected” despite the high prices.
“Notwithstanding the more conducive market environment, we remain cautious of any uncertainties from the lingering global Covid-19 pandemic,” the company states.
“Looking forward, industry prospects continue to be positive given palm oil’s important role in supplying the growing global vegetable oil demand.”
Golden Agri-Resources closed Nov 11 at 27 cents, down 1.85% for the day and up 65.63% year to date.

Palm oil producer Golden Agri-Resources has reported earnings of US$115 million for 3QFY21 ended Sept 30, up 580% y-o-y from a loss of US$5 million.
Revenue in the same period was up 76% y-o-y to US$2.8 billion,
The company notes that the on-going La Nina weather pattern will impact supply.
Yet, demand has not been “significantly affected” despite the high prices.
“Notwithstanding the more conducive market environment, we remain cautious of any uncertainties from the lingering global Covid-19 pandemic,” the company states.
“Looking forward, industry prospects continue to be positive given palm oil’s important role in supplying the growing global vegetable oil demand.”
Golden Agri-Resources closed Nov 11 at 27 cents, down 1.85% for the day and up 65.63% year to date.

Palm oil producer Golden Agri-Resources has reported earnings of US$115 million for 3QFY21 ended Sept 30, up 580% y-o-y from a loss of US$5 million.
Revenue in the same period was up 76% y-o-y to US$2.8 billion,
The company notes that the on-going La Nina weather pattern will impact supply.
Yet, demand has not been “significantly affected” despite the high prices.
“Notwithstanding the more conducive market environment, we remain cautious of any uncertainties from the lingering global Covid-19 pandemic,” the company states.
“Looking forward, industry prospects continue to be positive given palm oil’s important role in supplying the growing global vegetable oil demand.”
Golden Agri-Resources closed Nov 11 at 27 cents, down 1.85% for the day and up 65.63% year to date.

Palm oil producer Golden Agri-Resources has reported earnings of US$115 million for 3QFY21 ended Sept 30, up 580% y-o-y from a loss of US$5 million.
Revenue in the same period was up 76% y-o-y to US$2.8 billion,
The company notes that the on-going La Nina weather pattern will impact supply.
Yet, demand has not been “significantly affected” despite the high prices.
“Notwithstanding the more conducive market environment, we remain cautious of any uncertainties from the lingering global Covid-19 pandemic,” the company states.
“Looking forward, industry prospects continue to be positive given palm oil’s important role in supplying the growing global vegetable oil demand.”
Golden Agri-Resources closed Nov 11 at 27 cents, down 1.85% for the day and up 65.63% year to date.

Per annual report 2020, Chan Kam Leong hold about 940,000 shares or 0.45%.

I don’t think Chan Kam Leong ‘s dealings in company’s share in small lots signify anything. He is just an independent non executive director who is 80 yrs old . He is an individual like all of us entitle to buy/sell for his own reason. No need to panic .

Chan Kam Leong , 80 years old , is a independent non Executive Director . He is not a significant shareholder or hold key management position. Bear in mind , he is an individual like anyone of us and is absolutely normal for him to buy and sell share . His dealings in the company’s share , more so in small lots, does not signify anything at all. Just my view .

@Calvin, if what you said about Surin having bought big chunks of MPHBcap at $2.20 is correct, isn't it means something ? Surin is certainly not naive and ignorant to over-pay!

Excellent profit despite MCO lockdown during the qtr.

@aliyusof, Surin’s ‘ more intimate touch’ on MPHB yet to create some spark after so long . The irony is a 18.4% maiden touch on Transocean enough to create euphoria and drove its share price to $3.75 which is a 330% ytd gains. It’s more insulting if you look into Transocean’s financial.
Per 31/6/21 qtr report, Transocean has the following numbers:
Revenue 1H 21. $9.3 m
Profit 1 H 21. $117k
EPS 0.26 sen
NA. $0.81
Accumulated loss $18 m
Shareholders’’ equity $38.3 m
Mkt capitalization based on today’s price $$169 m ( which is 4.4 times of shareholders equity)
I am speechless.
Hope there will be similar euphoria once insurance sales is completed and/or new high impact business announced and/or a generous dividend is announced and/or privatization.

https://newswav.com/A2111_cw8rB5?s=A_6BK84Ld
This development is good for petronM and hengyuan

KUALA LUMPUR (Nov 11): Transocean Holdings Bhd hit limit up on Thursday morning after billionaire Tan Sri Surin Upatkoon emerged as the second largest shareholder of the company with an 18.43% stake.

The logistics service provider, which was the top gainer, surged 86 sen or 29.76% to RM3.75.

Interesting news on Surin ,though not related to MPHB.

https://newswav.com/A2111_w1cI6O?s=A_iKZcJZz

Both Public Investment and CGS-CIMB set a "neutral" call on the plantation sector.

Maybank Kim Eng, however, set a "positive" call on the sector.

"CPO price will stay relatively lofty till the first quarter of 2022 on supply concerns as the industry is likely to enter into low production cycle for the next three months.

"Given better-than-expected CPO average selling price (ASP) in recent months, we now raise our 2021 CPO ASP forecast to RM4,300 per tonne (from RM3,500 per tonne), and 2022 ASP to RM3,200 per tonne (from RM2,800 per tonne)," Maybank Kim Eng said in a note on Thursday.

Both Public Investment and CGS-CIMB set a "neutral" call on the plantation sector.

Maybank Kim Eng, however, set a "positive" call on the sector.

"CPO price will stay relatively lofty till the first quarter of 2022 on supply concerns as the industry is likely to enter into low production cycle for the next three months.

"Given better-than-expected CPO average selling price (ASP) in recent months, we now raise our 2021 CPO ASP forecast to RM4,300 per tonne (from RM3,500 per tonne), and 2022 ASP to RM3,200 per tonne (from RM2,800 per tonne)," Maybank Kim Eng said in a note on Thursday.

Both Public Investment and CGS-CIMB set a "neutral" call on the plantation sector.

Maybank Kim Eng, however, set a "positive" call on the sector.

"CPO price will stay relatively lofty till the first quarter of 2022 on supply concerns as the industry is likely to enter into low production cycle for the next three months.

"Given better-than-expected CPO average selling price (ASP) in recent months, we now raise our 2021 CPO ASP forecast to RM4,300 per tonne (from RM3,500 per tonne), and 2022 ASP to RM3,200 per tonne (from RM2,800 per tonne)," Maybank Kim Eng said in a note on Thursday.

Danny123, why you always feel people trying to con you ? Have you been so often conned by people? I am just curious.

I pick up 65,000 share at $0.65 this morning. Whichever way the price goes work well for me .

https://newswav.com/A2111_Rf9BJH?s=A_PlLlUfw
Interesting news !

https://newswav.com/A2111_Rf9BJH?s=A_PlLlUfw
Diesel shortage in US. Tell Biden we can help with palm based biodiesel. Hehehe

https://newswav.com/A2111_Rf9BJH?s=A_PlLlUfw
Diesel shortage in US. May be US need our palm based biodiesel. Hehehe

Correction: CPO for Nov actually closed up $140

CPO for Nov closed up $140 instead of $119 I mentioned earlier.

CCWONG, I fully agree with you that the strong fundamentals of CPO remain intact.
Although Oct closing stock went up 4.42% to 1.83 mil MT, the inventory is merely 1.2 month buffer ((1.83/18.0)x12 ) which is very low for a food, industrial and biofuel products. The ‘comfortable’ inventory level may be about 3 to 3.2 mil mt in order to safely meeting the growing usage as edible oil and renewable biofuels .
Seasonally low production period start this month until March 2022. The closing inventory until March 2022 or beyond likely to stay tight and thus support CPO price at high level for awhile. This probably explains why CPO price for Nov went up $119 despite 4.42% increase in inventory.
Fund managers and Analysts may continue to forecast higher production/stock into 2022 and hence forecast substantially lower CPO in next year (anyway, they have never got it right in the past 12 months). I think they will get it wrong again.
Overall CPO production next year will still be about the same as this year. Because of MCOs (hampering delivery of fertilizer) and labour shortage , fertilizer application this year is seriously delayed and shall adversely affect FFB yield next year . Field upkeep is not up to the mark .
Labour shortage will still be a problem with covid resurgence as high risk . Fertilizer application for 1H next year will face another setback due to extremely tight supply of certain essential fertilizer from China. Under such scenarios, how can the palms yield more next year ?? I have my reservations.