closing 2677

nowadays any news related with medical, share price fly...

He adds that the group is looking at producing medical-grade fabric as part of the transformation of the manufacturing business. KPower is one of the companies called upon by the Ministry of Health to explore the possibilities of producing medical equipment to ensure sustainability of supply in a pandemic.
KPower is still in discussions with potential technology partners to produce medical-grade fabric and other medical devices and equipment, says Mustakim. The group is also looking at mergers and acquisitions to realise this initiative.

When split

20 cents to 40 cents : wave # 1

40 cents to 60 cents : wave # 2

60 cents to 80 cents : wave # 3



wave 2 start.. very soon wake 3

split..kpower can go 3.5

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives (BMD) is likely to trade within a narrow band amid profit-taking following sharp gains recorded in the previous week.
Singapore-based Palm Oil Analytics owner and co-founder Dr Sathia Varqa said, nevertheless, CPO futures were expected to still have stamina to climb higher next week.

"The most active month (July) is likely to test RM2,800 per tonne before scaling back. The sharp rise in the futures and cash market has made palm less competitive to its nearest rival, soybean oil,” he told Bernama.
The palm oil prices must fall to reclaim the US$70 discount to soybean oil or the latter's prices must rise at a faster pace to palm, he said.

Sathia said CPO price movements have been, and will, likely continue to be influenced by the general trend in major commodities particularly crude oil and soybean oil.
For the week just ended, the CPO futures contract traded firmer for a third consecutive day, tracking the surge in rival oils.
On Friday’s closing, August 2020 rose RM285 to RM2,890 per tonne -- the highest since Feb 5.
Meanwhile, BMD continued its growth path in trading activity for two days when the total daily trading volume for CPO futures contract (FCPO) touched a new record exceeding 70,000 lots, compared with the average total trading volume for FCPO of 50,000 lots.
On a Friday-to-Friday basis, the CPO futures contract for August 2020 rose RM285 to RM2,890 per tonne, September 2020 surged RM300 to RM2,854 per tonne, October 2020 added RM258 to RM2,778 per tonne, and November 2020 jumped RM213 to RM2,713 per tonne.
Weekly volume increased to 311,950 lots from last Friday’s 278,651 lots while open interest widened to 259,670 contracts from 246,199 contracts.
On the physical market, August South advanced RM180 to RM2,880 per tonne. - Bernama

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives (BMD) is likely to trade within a narrow band amid profit-taking following sharp gains recorded in the previous week.
Singapore-based Palm Oil Analytics owner and co-founder Dr Sathia Varqa said, nevertheless, CPO futures were expected to still have stamina to climb higher next week.

"The most active month (July) is likely to test RM2,800 per tonne before scaling back. The sharp rise in the futures and cash market has made palm less competitive to its nearest rival, soybean oil,” he told Bernama.
The palm oil prices must fall to reclaim the US$70 discount to soybean oil or the latter's prices must rise at a faster pace to palm, he said.

Sathia said CPO price movements have been, and will, likely continue to be influenced by the general trend in major commodities particularly crude oil and soybean oil.
For the week just ended, the CPO futures contract traded firmer for a third consecutive day, tracking the surge in rival oils.
On Friday’s closing, August 2020 rose RM285 to RM2,890 per tonne -- the highest since Feb 5.
Meanwhile, BMD continued its growth path in trading activity for two days when the total daily trading volume for CPO futures contract (FCPO) touched a new record exceeding 70,000 lots, compared with the average total trading volume for FCPO of 50,000 lots.
On a Friday-to-Friday basis, the CPO futures contract for August 2020 rose RM285 to RM2,890 per tonne, September 2020 surged RM300 to RM2,854 per tonne, October 2020 added RM258 to RM2,778 per tonne, and November 2020 jumped RM213 to RM2,713 per tonne.
Weekly volume increased to 311,950 lots from last Friday’s 278,651 lots while open interest widened to 259,670 contracts from 246,199 contracts.
On the physical market, August South advanced RM180 to RM2,880 per tonne. - Bernama

today cpo closing 2700..bplant still undervalue

naik cepat turun cepat

Uncle buying top glove

Today 20% up....

K1... no power

PRODUCTION UP....

X

FFB
Jun-20 101,309
May-20 86,223
Apr-20 82,849
Mar-20 71,636
Feb-20 68,405
Jan-20 69,811
Dec-19 75,290
Nov-19 81,466
Oct-19 95,445
Sep-19 82,556
Aug-19 79,379
Jul-19 78,101
Jun-19 73,580
May-19 75,938
Apr-19 79,217

next target price 0.48

Now masuk wave 2

Many people KO in this counter....

Still loss

I buy 0.46

buy before fly....

40 cents to 60 cents : wave # 2

cpo up 2700

Everyday price lower

as long as CPO above 2600...Bplant target price Wave #2

sop,kretam, tsh back to january level... BPlant soon back to Rm 0.60

CPO closed 2612..huhu

Time to collect 15.00

limit down, people all in buy again..Bursa halt again haha

cpo up....2600..swtich glove to oil palm

waiting RM2.5

me too

kpower back to 3.00 soon

cpo 2600.....

tomorrow up to 1.00

Buy before late

Volume high, break through... fly... buy before late

Tmr sure push back

Still can buy, 30 soon

Don’t worry, kpower got fundamental

Soon 0.41 again

K1 back to normal haha

Today closing 0.5

Soon break 0.47

0.60 coming soon

Crude palm oil cpo relationship

PETALING JAYA: Plantation companies are expected to report higher earnings on a quarter-on-quarter (q-o-q) and year-on-year (y-o-y) basis in the second quarter of this year.

According to CGS-CIMB Research, this will be driven by a 14% y-o-y rise in the average crude palm oil (CPO) price and a 7.4% y-o-y improvement in CPO output from the local estates.

In an early peek into planters’ Q2 results, the research unit said “earnings are projected to be much better than 1Q20 as a 34.5% quarter-on-quarter (q-o-q) increase in output will more than offset the 16% q-o-q fall in CPO price.

“We also expect CPO prices to trade in the range of RM2,200-RM2,500 per tonne this month and an estimated average of RM2,300 per tonne for 2020.”

In its latest report, CGS-CIMB has projected that local palm oil stocks to rise by 6% month-on-month (m-o-m) to 2.01 million tonnes at end-July as “we expect output to be flattish, while exports are expected to fall by 10% m-o-m as we do not expect the high export base in June to be sustained”.

Positive outlook: TA Securities believes that exports will continue to recover in the next two months due to the decline in palm oil inventories in China and India, coupled with an attractive CPO discount against other edible oils.Positive outlook: TA Securities believes that exports will continue to recover in the next two months due to the decline in palm oil inventories in China and India, coupled with an attractive CPO discount against other edible oils.

On MPOB’s newly released palm oil statistics for June, CGS-CIMB said recovering demand helps to pare down palm oil stocks by 6.3% m-o-m to 1.9 million tonnes, lower than its forecasts, due to higher exports and domestic usage.

“We suspect there could be the continuation of restocking activities by consumers as the economy reopened after the lockdown in April, ” it added.

The research unit expects the restocking activities to continue this month but “at a slower pace” in view of the zero export tax in Malaysia and low palm oil stock levels in China and India.

CGS-CIMB also said that the lower stockpiles were supportive of near-term CPO prices.

Meanwhile, Affin Hwang Research has remained cautious on the CPO price outlook.

There has been price recovery in June, partly attributable to the pickup in demand from several key importing countries due to restocking activities.

Nevertheless, the research unit said: “We expect CPO prices to fall under pressure in the second half of 2020 amid rising stock levels in producing countries (as we think palm-oil production will outweigh total consumption in 2H20).

“There is also rising concerns on a Covid-19 second wave at key importing countries and potentially slower demand from China as they rebuild their swine population (which means more crushing of soybeans for feeds and more supply of soy oil in the China market), ” it noted.

Hence, Affin-Hwang Research is maintaining its CPO price assumption for 2020-2021 at RM2,100-RM2,250 per tonne.

This is given its more cautious stance on the demand outlook and a weak crude oil price environment.

It added that the catalyst for CPO prices in the short term would likely be demand due to restocking activities and reopening of economies.

However, the downside to the research unit’s CPO forecast would be from prolonged uncertainties in the market due to COVID-19 and low crude oil prices.

According to TA Securities Research, although the palm oil inventory in June fell to below the two million tonnes threshold, the output growth rate was more than expected. “This may probably put some downward pressure on CPO prices, ”it said in its latest report.

On a positive note, TA Securities believes that exports will continue to recover in the next two months due to the decline of palm oil inventories in China and India coupled with attractive CPO discount against other edible oils.

However, when the buffer is sufficiently restocked, the procurement rhythm is expected to slow down and normalised.

“There is no change to our average CPO price forecast of RM2,400 per tonne in 2020.

“Going forward, the focus should centre on the strength of China and India’s inventory replenishment as well as the potential Indonesia’s production cuts, ” it added

3 days down

0.410 big shark collect

Push push

Collect... before 4.00