Tomorrow RSI rebounded back >50%, End of this month QR released estimated EPS around 5 sen no dividend, QoQ +200%, YoY -28% NTA1.59. February QR release predicted 6 sen, Dividend 3-5 sen, QoQ +20%, YoY+20% NTA 1.65, how much it worth?

Oversold d

https://www.bangkokpost.com/business/general/2893076/palm-oil-exports-halted-as-prices-rise
Thailand indirectly goreng FCPO price.......

When largest world palm oil producer Indonesia ban palm oil export in 2022, palm oil price hit 7000, when 3rd largest producer Thailand ban palm oil export for 2 months, palm oil price may hit 5000. Let see! Coincidentally this quarter is
high production period within one year, just imagine what will happen to profit in QR to be released in February!
https://www.thestar.com.my/aseanplus/aseanplus-news/2024/10/31/thailand-bans-export-of-raw-palm-oil-as-production-takes-a-hit

Short term target 1.33, next month 1.40, next year 1.68. congratulation to those buying at RM1

As Insurance company mainly keep bonds for their investment, bond price appreciation will be good when US economy slow down and cut rate.
https://www.ram.com.my/pressrelease/?prviewid=6736

More than expectation. I thought 8 sen only

probably tomorrow AGM

Because this year CPO production lower than last year due to El nino, thus price can maintain high. China start releasing water into the pool, commodities prices rebound.

How much is expected Dividend to be announced?

Jtiasa got chance to BO 1.15? Let's watch

Soyoil future just broke out from double bottoms above neckline 42.50 due to China moderate financial stimulus yesterday, so did FCPO, however upside is limited as WTI oil haven't break out

The reason for palm oil lower production in 2024 than 2023 is very clear now-El Nino effect. August data suggested Penisular companies production not much affected but Sabah YoY reduced 39%, Serawak YoY reduced 29%!
https://bepi.mpob.gov.my/index.php/stock/313-stocks-2024/1173-monthly-closing-stock-of-oil-palm-products-2024
FCPO Report: Malaysian palm oil futures fell below MYR 3,890 per tonne, retreating for the third consecutive session as traders reacted to monthly data from the country's Palm Oil Board. Palm oil stocks at the end of August increased by 7.34% from the previous month to 1.88 million metric tons, the highest level in six months, according to the industry regulator. Meanwhile, production grew by 2.87% in August from July to 1.89 million tons, while exports fell by 9.74% to 1.53 million tons. In Indonesia, the top palm oil producer, Jakarta is preparing to lower export duties to improve competitiveness and raise farmers' incomes, which could further impact Malaysia’s export market. In India, the world’s largest palm oil consumer, purchases of the commodity plunged by 27% in August due to abundant stock levels. Elsewhere, crude oil prices declined on persistent concerns over weak demand from China. Still, strength in rival oils on the CBoT on Monday limited the decline.

Promotion time RM2+?

Palm oil export rebound after middle of August from MoM -20% to -9% end of August.
FCPO Report:
Malaysian palm oil futures surged around 1% to near MYR 3,980 per tonne after hitting as low as MYR 3,901 in the prior session, buoyed by a steady decline in ringgit. Prospects of sluggish output due to dry weather also uplift sentiment, as the Southern Peninsular Palm Oil Millers Association noted production edged down 1% during the first 25 days of August. Meanwhile, top grower Indonesia will launch a mandatory 50% palm oil-based biodiesel blending next year after the deforestation rules by the EU. However, weakness in Dalian rival oils limited the upturn. Meanwhile, cargo surveyors' data pointed to lower exports in August, with Intertek Testing Services saying shipments of Malaysian palm oil products fell by 9.9%. Also, there was a potential increase in import tax on vegetable oils in top buyer India, which could lower demand for palm oil. Elsewhere, crude oil prices were subdued after recent heavy losses, as concerns over China’s economic outlook offset supply disruptions in Libya.
Malaysian palm oil futures surged around 1% to near MYR 3,980 per tonne after hitting as low as MYR 3,901 in the prior session, buoyed by a steady decline in ringgit. Prospects of sluggish output due to dry weather also uplift sentiment, as the Southern Peninsular Palm Oil Millers Association noted production edged down 1% during the first 25 days of August. Meanwhile, top grower Indonesia will launch a mandatory 50% palm oil-based biodiesel blending next year after the deforestation rules by the EU. However, weakness in Dalian rival oils limited the upturn. Meanwhile, cargo surveyors' data pointed to lower exports in August, with Intertek Testing Services saying shipments of Malaysian palm oil products fell by 9.9%. Also, there was a potential increase in import tax on vegetable oils in top buyer India, which could lower demand for palm oil. Elsewhere, crude oil prices were subdued after recent heavy losses, as concerns over China’s economic outlook offset supply disruptions in Libya.

Any mentioned of loss in logging business in this QR?

Noted thanks. hng33 and SSlee, have to look forward QR

Therefore 2023 4Q EPS should read as 4sen and 2024 4Q should read as 3 sen

Last year 4Q there is a tax refund make it PBT40331 turn to nett profit of 60161? This year 4Q is a reverse play of last year? More tax deduction make the profit lower from PBT 31065 to nett profit of 15617. Therefore, we should look at PBT to compare?

HI, SSLee, kindly acknowledge us what happen to PnL of this QR? Below expectation

Jtiasa QR will be good, but it may dragged down a bit by loss in logging business like Taann, expect EPS 5sen, Dividend 3 sen
FCPO Report: Malaysian palm oil futures surged over 1% to near MYR 4,000 per tonne, rising for the second day while heading for robust weekly gains amid a weaker ringgit and strength in rival oil prices on the Dalian and the CBoT markets. Meanwhile, concerns about adverse weather and low output mounted after Malaysia forecasted thunderstorms from Aug. 30 to Sep. 5. The contracts are set to end August on a strong note, jumping around 2% after losses in the prior two periods, as top grower Indonesia plans to launch a mandatory 50% palm oil-based biodiesel blending next year following the deforestation rules by the EU. Simultaneously, crude oil prices edged higher due to tight global supply. Capping the bullish notion was caution as key importer India was considering an increase in import tax on vegetable oils, that could reduce demand for palm oil. Meanwhile, China will report official PMI figures for August Saturday, with markets expecting the manufacturing sector to shrink for the fourth month.

Aiyo 239.7M, below expectation, 4.15 support

Genting Plantation profit 85M, Dividend 8sen, anyone can help to calculate GenS+GenP still short of how much to achieve 480M?
(Stock: [GENTING]: GENTING BHD
1 week ago | Report Abuse
Genting QR to be released after market tomorrow 22 August. This time expecting Genting Plantation contribute bigger portion, GENM contribute higher than last Q to compensate disappointed Genting Singapore. Can 480M be achieved? Dividend 7sen? Dividend 7sen?)

FCPO report-Malaysian palm oil futures surged over 1% to above MYR 3,970 per tonne, increasing for the fifth session, its longest rally in six weeks, amid a weaker ringgit and strength in rival oils on the Dalian and CBoT markets. Prices hit a one-month peak, boosted by top exporter Indonesia's plan to raise its biodiesel blending rates as President-elect Prabowo Subianto hoped to launch a mandatory rate of 50% next year. Meantime, the Southern Peninsular Palm Oil Millers Association said output fell around 0.9% during the first 25 days of August. Separately, concerns about adverse weather grew after Malaysia forecasted thunderstorms from Aug. 26 to Sep. 1 in nine of its 16 states. However, weak exports limited the bullish impulse, as cargo surveyors' data noted shipments of Malaysian palm oil products for August. 1-25 sank between 14.05% to 14.9% from the same period in July. Meanwhile, crude oil prices eased after rising in the prior three sessions, due to worries over shaky demand from China.

Palm oil export increased after Anwar visited India!
FCPO report: Malaysian palm oil futures climbed around 1.5% to above MYR 3,920 per tonne, up for the fourth session to notch an over 3-week peak amid strength in Dalian's palm oil contract. Meanwhile, crude oil prices rose for the third session, on mounting fears of a broader conflict in the Middle East. Bets of robust demand from top buyer India continued to buoy sentiment, as the nation braced for a festive season between Sept. and Nov. In the world's largest exporter Indonesia, President-elect Prabowo Subianto hoped to launch mandatory 50% palm oil-based biodiesel blending next year. Meanwhile, Indonesian officials said they plan to raise the blending to 40% in January 2025, from the current 35%. A test for B50 is being carried out. Capping the upside momentum were lower exports in August, marked by fresh data from cargo surveyors. Shipments of Malaysian palm oil products for Aug. 1-25 fell between 14.05% to 14.9% from the same period in July, Intertek Testing Services and AmSpec Agri said.

it seems first target 1.20

August production is increasing. Export start increase after middle of August. Share price small uptrend will be noticed end of August.

FCPO Report: Malaysian palm oil futures hovered above MYR 3,730 per tonne after touching as low as MYR 3,698 in the prior session, lifted by firmer rival oils on the Dalian and the CBoT markets. Traders were also upbeat amid buying interest from top buyer India ahead of the festival season between September and November. Meanwhile, inventories at the end of July were low, with Malaysia's palm oil stockpiles at 1.73 million metric tons, the least since March. In the world's largest producer Indonesia, Jakarta is working for the rampant use of palm-oil-based B40 biodiesel in 2025. Capping the rise was a strong ringgit. At the same time, concerns about weak exports grew, with cargo surveyors noting shipments of Malaysian palm oil products for the first 20 days of August sank between 16.7 to 18.5% from July. Elsewhere, crude oil prices fell for the fourth session, pressured by an unexpected rise in US crude inventories, signs of easing tensions in the Middle East, and uncertain demand outlook in China.

Genting Malaysia (GENM) will be reporting its 2Q24F results on 29 Aug 2024F?

Hopefully after selling ytlpower, fund have reserve to change from growth stock to value stock....

Genting QR to be released after market tomorrow 22 August. This time expecting Genting Plantation contribute bigger portion, GENM contribute higher than last Q to compensate disappointed Genting Singapore. Can 480M be achieved? Dividend 7sen?

FCPO: Malaysian palm oil futures fell over 1% to around MYR 3,710 per tonne after hitting as high as MYR 3,761 in the prior session, dragged by mounting concerns of weak exports after fresh data from cargo surveyors indicated Malaysian palm oil products slipped between 20.2% and 22.3% from July during the first 15 days of August. The contracts are pointing to the fourth straight weekly drop, down nearly 1% so far, as economic recovery in key buyer China was uncertain, highlighted by weak activity data for July. Still, strength in rival oils on the Dalian Exchange and a weaker ringgit capped the fall. Regarding inventories, palm oil stocks at the end of July fell 5.35% from June to the lowest since March of 1.73 million metric tons. In top producer Indonesia, supply may be tightening after its shipments of crude palm oil and its derivatives contracted in July. Turning to India, the world's largest palm oil importer, markets projected robust demand for August, ahead of upcoming festivals.

https://www.malaymail.com/news/money/2024/08/16/us-regulator-files-complaint-against-genting-bhd-resorts-world-las-vegas-for-allowing-suspected-or-proven-criminals-to-gamble/147167#:~:text=The%20NGCB's%2031%2Dpage%20complaint,organised%20crime%E2%80%9D%2C%20according%20to%20a
US government want money?

FCPO report: Malaysian palm oil futures hovered around MYR 3,700 per tonne, slipping for the second session amid declines in rival oils on the Dalian and CBoT markets. Meanwhile, there were signs of deteriorated exports, with early data from cargo surveyors indicating Malaysian palm oil products sank between 12.2% and 17.7% from July during the first ten days of August. Simultaneously, monthly data from the industry regulator showed production in July jumped 14% from the prior month to 1.84 million tons. Regarding crude oil, prices broke a five-day streak of gains, due to demand concerns after OPEC cut its forecast for 2024 demand growth in the face of softer figures in China. A weaker ringgit limited the bearish notion, along with reports that palm oil purchases in top buyer India surged 39% from June to 1.09 million metric tons, the highest in 13 months. Meantime, inventories at the end of July shrank 5.4% to 1.73 million tons, according to the Malaysian Palm Oil Board.

利好不涨是看空？
https://theedgemalaysia.com/node/722470
KUALA LUMPUR (Aug 12): Malaysia’s palm oil exports surged 39.92% to 1.69 million tonnes in July 2024 from 1.21 million tonnes in June 2024, according to the Malaysian Palm Oil Board (MPOB). At the same time, CPO production rose by 13.97% m-o-m to 1.84 million tonnes, from 1.62 million tonnes in June, while palm kernel output was up by 16.17% m-o-m to 427,342 tonnes, from 367,852 tonnes in June.

利好不涨？
FCPO report: Malaysian palm oil futures traded around MYR 3,730 per tonne after hitting as high as MYR 3,767 in the prior session, weighed by falls in rival oils on the Dalian and CBoT markets. Meanwhile, monthly data from the industry regulator showed that output surged 14% from the prior month to 1.84 million tons in July. At the same time, there were signs of weak exports in August, marked by the latest readings from cargo surveyors that Malaysian palm oil products during August 1-10 each slipped between 12.2% and 17.7%. Capping the decline were fresh figures from the Malaysian Palm Oil Board that indicated inventories at the end of July shrank 5.4% to 1.73 million tons. In top importer India, palm oil purchases in July surged 39% from June to 1.09 million metric tons, the highest in 13 months, dealers said. Elsewhere, crude oil prices rose for the fifth session, amid mounting tensions in the Middle East and strengthening bets of an imminent rate cut in the US, which all could lift demand.

Genting Singapore QR release after hour on 2024-08-13, if market screener is correct.

FCPO Report-Malaysian palm oil futures were below MYR 3,770 per tonne, falling for the second session to notch their lowest level in six months as contracts for rival oils on the Dalian and CBoT markets tumbled while ringgit slipped further. Market participants also stayed vigilant ahead of crucial data this week from key buyer China, notably trade figures and inflation numbers. Separately, industry regulator data for July will be released next week. Potential bargain-hunting activities capped the bearish notion, along with forecasts of solid exports last month, marked by cargo surveyors' data that noted Malaysian palm oil shipments may rise between 22.8% and 30.91% from June. In top buyer India, palm and soybean oil purchases soared to their highest in a year for July, with refiners preparing for a potential import duty hike. Elsewhere, crude oil prices jumped after falling in the prior three sessions, as fears of a wider conflict in the Middle East prompted fresh buying.

Foreign fund nett sell -336M, Retail nett sell -210M, Thanks to local fund absorbed 546M yesterday. Today we noticed fund transfer from growth stock to value stock (eg Genting) to prepare for US potential recession (https://fred.stlouisfed.org/series/SAHMREALTIME 0.43-->0.53, US inverted rate curve flatten, Yen carried trade sold off and returned). Foreign fund is waiting confirmation with this week another US job report while Genting is waiting for Genting Singapore QR report next week..............

FCPO Report-Malaysian palm oil futures were below MYR 3,900 per tonne following solid gains in the prior session, rattled by a stronger ringgit and weaker Dalian rival oils. Meantime, crude oil prices hovered at an 8-month low, due to mounting fears of a recession in the US. Still, strong export estimates limited the fall, as cargo surveyors' data noted Malaysian palm oil shipments may rise between 22.8% and 30.91% from the prior month in July. Meanwhile, Societe Generale de Surveillance said exports were at 1.48 million tons, surging 23.6% from June. Turning to key buyer China, clients continued to refill inventories, ordering cargoes for palm oil delivery until September. Meanwhile, Chinese services activity in July emerged from an 8-month low. In the world's largest edible oil importer India, palm and soybean oil purchases for July soared to their highest levels in a year, with refiners increasing their buying following a price correction while anticipating a potential import duty hike.

FCPO Report: Malaysian palm oil futures hovered around MYR 3,900 per tonne, halting losses in the previous two sessions amid a rise in palm oil contracts on the Dalian market. Higher export estimates also helped sentiment, with cargo surveyors' data noting Malaysian palm oil shipments may rise between 22.8% and 30.91% mom in July. Meanwhile, Societe Generale de Surveillance said exports were at 1.48 million tons, a 23.6% surge from June. However, prices are on track to dip for the second week, down around 1%, so far, squeezed by recent strength in ringgit. Meantime, the Malaysian Palm Oil Association implied robust production in July, as figures from the first twenty days climbed almost 15% due to a seasonal better yield. In top buyer India, palm oil consumption was modest in July, with festival demand not yet accelerating. Meanwhile, crude oil prices are heading for the fourth straight weekly fall as weak Manufacturing PMI data in the US and China sparked renewed concerns about economic outlook.

FCPO report: Malaysian palm oil futures hovered near MYR 3,925 per tonne after retreating to as low as MYR 3,861 in the prior session, helped by a rise in the palm oil contract in the Dalian Exchange. Meanwhile, hopes of robust exports strengthened after cargo surveyors Intertek Testing Services and Amspec Agri said exports soared 31% yoy during the first 25 days of July. Further, Societe Generale de Surveillance estimated shipments of 1,193,049 metric tons, compared with 908,517 tons on June 1-25. Limiting the rise were reports that India's palm oil consumption remained modest as festival demand has yet to pick up while purchases of rival edible oil soybean oil also grew. Meantime, crude oil prices traded near a seven-week low, due to a softer demand outlook, particularly from China. In Indonesia, the world's largest palm oil producer, the government will review domestic market obligation rules for the commodity, potentially changing the prices for the portion and types of products sold locally.

FCPO Report: Malaysian palm oil futures were below MYR 3,920 per tonne after rising to as high as MYR 3,970 in the prior session, due to weakness in rival oils on the Dalian market and recent strength in ringgit. Meanwhile, signs of higher output mounted after the Malaysian Palm Oil Association said production for the first 20 days of July surged near 15% mom, due to seasonal increased yield and more rainfall in Southeast Asia. Cautious traders continued to follow early reports that Indonesia, the world's largest palm oil producer, is planning to review domestic market obligation rules for the commodity, potentially changing the prices for the portion and types of product sold locally. Capping the fall were signs of strong exports, with data from cargo surveyors noting shipments of Malaysian palm oil products for July 1-25 surged 31%. In top buyer India, palm oil purchases in July likely climb 26% to a record 1.92 million tons, ahead of an anticipated hike in import levies and upcoming festivals.

FCPO: Malaysian palm oil futures plunged more than 1.0% to below MYR 3,920 per tonne, withdrawing for the second session amid falls in rival oils on the Dalian and CBoT markets. Meanwhile, signs of higher output in July strengthened, as data from the Southern Peninsular Palm Oil Millers showed palm oil production jumped 17.8% month-over-month from July 1 to 20. Simultaneously, crude oil prices fell for the second day as worries about weaker demand prevailed. Capping the bearish mood was a sentiment of robust exports, highlighted by cargo surveyors' data that shipments of Malaysian palm oil products soared between 39.2 to 41.4% from July 1 to 20. In the world's biggest buyer India, purchases of edible oil imports surged are expected to jump 26% to a record 1.92 million tons, due to lucrative prices and ahead of an anticipated hike in import duties. In top producer Indonesia, the government is planning for the use of palm-oil-based B40 biodiesel in 2025, replacing the current B35 blending.

Positive for Genting also. Delay Licensing meaning delay CAPEX, thus GMNM have sufficient cash to distributed to mother Genting in near term.
(Posted by neohts > 5 hours ago | Report Abuse
https://theedgemalaysia.com/node/720114
New York downstate casino licence to be awarded by end-December 2025, positive for GenM — Phillip Capital)

Bursa Market Foreign fund nett selling Day 1 yesterday -147M. if KLCI index unable to return above short term support 1630 in 3 days, market may settle down for portfolio rearrangement for future Trump presidency until Olympic games finish. Genting is the beneficiary of week dollars, thus should be good near Olympic games ended. Watch 4.85

Coming! FCPO report: Malaysian palm oil futures hovered near MYR 3,980 per tonne, rising for the fifth session amid strength in rival oils on the Dalian and CBoT markets. Bets of strong exports in July also strengthened after data from cargo surveyors showed shipments of Malaysian palm oil products surged between 39.2 to 41.4% for July 1-20. In top buyer India, palm oil buying this month could reach 850,000 metric tons, compared with 788,000 tons in June, as upcoming festivals loom. Turning to key consumer China, policymakers moved to further help a fragile economy after last week's Third Plenum by cutting key lending rates to fresh lows and delivering the first rate cut for its short-term policy rate. A stronger ringgit capped the bullish notion. Meanwhile, figures from the Southern Peninsular Palm Oil Millers Association implied palm oil output rose by 8.7% on the month during the first half of July. Regarding crude oil, prices were mixed after US President Biden decided to bow out of the election race.

Foreign fund nett buying Day 16 last Friday +93M, Local institution keep nett selling -102M. KLCI short term support 1630 unfortunately broken down so easily, let see if today can close above 1630. If today is a bearish engulfing or evening star candlestick, market may settle down for portfolio rearrangement for future Trump presidency until Olympic games finish. It seems foreign fund temporally trapped by local institutions. Genting is the beneficiary of Trump presidency, thus should be good near Olympic games ended. Watch 4.85

Foreign fund nett buying Day 15 yesterday +21M, Local institution keep nett selling -55M. KLCI short term target 1630 broken D2, if D3 can close above 1630, next week outlook will be bright. It seems foreign fund start buying Genting. Watch 4.85

FCPO: Malaysian palm oil futures were around MYR 3,940 per tonne, touching more than 4000, increasing for the third session as rival oils on the Dalian and the CBoT markets strengthened. At the same time, exports for July are expected to grow robustly, driven by strong demand from top buyer India ahead of upcoming festivals. Data from cargo surveyors Intertek Testing Services and AmSpec Agri showed shipments of Malaysian palm oil products for July 1-15 climbed between 65.9% and 75.6% from a month before, as shipping disruptions eased. Meanwhile, worries over a potential La Nina event emerged as the weather may bring higher rainfall in Southeast Asia, weighing supply. Elsewhere, the Malaysian Palm Oil Association said the contracts are projected to average between MYR 3,850 to MYR 4,000 this year, a slight rise from 2023. A firmer ringgit capped the upside notion, however. Separately, crude oil prices were near their lowest in a month, rattled by signs of weakening demand in China, the world's largest oil importer.

Foreign fund nett buying Day 13 yesterday +64M, Local institution keep nett selling -84M. KLCI short term target 1630 seems broken, let see closing index if can maintain above 1630. Any successful breakout will bring KLCI towards 1680! Is Genting turn this round? Watch 4.85