KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives ended higher for the eight consecutive day yesterday on anticipation of lower supply.

Phillip Futures Sdn Bhd derivatives dealer David Ng said worsening weather conditions in key growing areas in Malaysia had disrupted crude palm oil production.

“Production is expected to decline by between 12 to 16 per cent month-on-month and might alleviate the stockpile in the country. This will bolster prices going forward,” he said.

Ng said the support level was located at RM2,230 a tonne with immediate resistance at RM2,320 a tonne.

January 2015 rose RM48 to RM2,298 a tonne, February 2015 increased RM42 to RM2,294 a tonne, March 2015 gained RM36 to RM2,286 a tonne and April 2015 added RM30 to RM2,279 a tonne.

3 mths time Glut expected to deplete n possible cut in production.

What I can see Dir trying to save d compony from being delisted so effecting cooperate exercise.Either inject assets or cash or other mesns deems fit so possible uptrend...just my 2c.

My Remiser a lady knows nothing... She says everything in d net n you can read!!!

http://www.thisdaylive.com/articles/opec-should-cut-crude-oil-output-says-algeria/197890/

No! waiting for expert to comment!

(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the earlier announcement, where applicable, unless stated otherwise or defined herein.)

Reference is made to the Company’s announcements made on 19 August 2014, 11 September 2014, 15 October 2014 and 12 November 2014 in relation to the Corporate Exercises.
On behalf of the Board of Directors of ETI Tech, Public Investment Bank Berhad wishes to announce that the solicitor of the Company had on 29 December 2014 received a sealed copy of the court order from the Shah Alam High Court sanctioning the Schemes of Arrangement pursuant to Section 176 of the Companies Act, 1965 in respect of the Debt Restructuring.
This announcement is dated 29 December 2014.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1838613

http://www.bloomberg.com/news/2014-12-28/asian-index-futures-signal-gains-while-dollar-holds-climb.html

http://www.bloomberg.com/news/2014-12-29/oil-climbs-as-libyan-output-threatened-by-fire-at-storage-tanks.html

More than 800,000 barrels of crude - at least two days production - was destroyed by the fire which continued to engulf three storage tanks, the National Oil Corporation said on Sunday. Libya's total oil production stands at 385,000 barrels per day, it added.

Both U.S. crude and Brent climbed on renewed geopolitical concerns and the possibility of increased demand for oil on new fiscal stimulus packages by China and Japan.

4 hours ago
SINGAPORE: U.S. crude rose more than US$1 in early Asian trade on Monday, reversing a fall in the previous session as escalating clashes in Libya threatened oil exports and supply disruptions from the OPEC member.

What happened? I see many buyers then sellers! Looks like moving!

" The USD Index moved higher earlier this month and reached the strong resistance area created by the 2009 and 2010 highs. On Friday, we saw a breakout above these levels, which is a strong bullish signal that suggests further increase to the next upside target - the 38.2% Fibonacci retracement level based on the entire 2002 - 2008 decline (around 89.80). What does it mean for crude oil? Based on a negative correlation between the commodity and the U.S. currency that we noticed in recent weeks, it seems that light crude could move lower once again in the near future. Nevertheless, we should keep in mind that despite the greenback's new high, crude oil didn't hit a fresh multi-year low on Friday, which is positive sign for the commodity.

Taking the above into account, and combining it with the fact that the space for further growth in the USD Index seems limited, we think that even if the USD Index moves little higher, crude oil could show strength - similarly to what we saw in May, the first part of Jun and also in Sep. Additionally, if the index reverses and moves lower in the coming days, we'll see a rebound in crude oil as a weaker U.S. dollar makes the commodity less expensive for buyers in other currencies"....extract from Bloomberg.

Saudi authorities pledged to curb wages and push ahead with investments next year as the world’s largest oil exporter seeks to counter the effect of tumbling crude prices on the economy.

The government said it expects the budget deficit in 2015 to widen to 145 billion riyals ($39 billion), from 54 billion riyals this year, the Finance Ministry said today. That amounts to about 5 percent of gross domestic product, according to Arqaam Capital, a Dubai-based investment bank.

The Finance Ministry said the government will continue to invest in areas such as education and health care, while exerting “more efforts” to curb spending on wages and allowances, which make up about 50 percent of spending. The kingdom will resort to borrowing and use of reserves to plug the budget deficit, the state-run Saudi Press Agency said, citing Economy Minister Mohammad Al-Jasser.

Give some phase for O&G stocks to move.Alam/Perisai down by 40%.Componies do business for revenue n d crude price hv found d floor n eventually hv to find d equilibrium b4 it rebounce.Culprits r Shale n Libya caused over priduction.US is experiencing economy boom with low crude n Nesdaq is going sky high but not fair to oil producers who may go bust so got to hv check n balance.Eventually they hv to cut production right now in oil glut.I see 3 mths from now possible bounce...time to accumulate oil stocks.....just my2c.

http://www.bloomberg.com/news/2014-12-25/libya-oil-ports-guard-calls-in-air-strikes-on-islamist-militias.html

PETALING JAYA: AirAsia Indonesia has confirmed that Flight QZ8501 from Surabaya to Singapore has lost contact with Indonesian air traffic control.

"AirAsia Indonesia regrets to confirm that QZ8501 from Surabaya to Singapore has lost contact at 07:24hrs this morning.

“At the present time we unfortunately have no further information regarding the status of the passengers and crew members on board, but we will keep all parties informed as more information becomes available,” they said in a statement posted on their Facebook page on Sunday......lets pray all passengers r safe.

Crude Stockpiles

Both grades gained more than 1 percent earlier on fighting in Libya and on a report that Saudi Arabia expects prices to rise. The state-run National Oil Corp. said today that several tanks were on fire at the Es Sider terminal as Islamist militias attacked Libya’s largest petroleum port. Saudi Arabia, OPEC’s biggest producer, is assuming an oil price of $80 a barrel for 2015, said John Sfakianakis, a former economic adviser to the country’s government.
........@Ring currently price not moving due to GLUT so d Libya crisis may reduce output to reduce Glut!!!

With its gains on Friday, the Nasdaq Composite Index sits just about 200 points shy of the vaunted 5,000 level, which it has not seen in nearly 15 years - and its all-time intraday high of 5,132.52 reached on March 10, 2000, isn't far off.

"I think Nasdaq will test and probably achieve higher highs than we did in 2000 because I think we're in a secular bull market that has another eight to 10 years left to run," said Jeffrey Saut, managing director at Raymond James & Associates......@Ring extract from Starmobile

In Libya, a rocket hit a storage tank at the country's biggest export terminal, Es Sider, setting it on fire as armed factions allied to competing governments fought for control, officials from both sides said on Thursday.
On Friday, officials said the blaze had spread to two more tanks.- Reuters

Fighting in Libya has cut output there to 352,000 barrels a day, or about half November's average, state oil company spokesman said on Thursday. This countered the U.S. Department of Energy's (DOE) report showing a big stockbuild.

Flood causung disruption in supply may push price up!

.Sumatec Resources Bhd has yet to finalise the financing methods for the purchase of two new assets worth US$250mil (RM794mil) in Kazakhstan.In July, Sumatec announced that it had entered into a framework agreement with Abu Talib Abdul Rahman and Dr Murat Safin to buy the entire equity interest in Borneo Energy Oil and Gas Ltd for US$250mil, which in turn has rights over Bazachi Neft LLP, which is an independent upstream oil and gas company involved in the exploration, production and trading of oil and natural gas.In November, PDZ Holdings Bhd proposed to set up a LPG production plant in Kazakhstan and launch itself into the cooking gas business in a US$205mil (RM656mil) deal.To pay for the new business venture, PDZ Holdings said it would raise at least RM672mil via the sale of new shares and a rights issue with warrants.....@Ring extract from Starmobile

Just for reading pleasure: we hv Malay/Chinese/Indian n English private schools. Rural ppl can only afford to go to vernacular schools while ppl in urban n who can afford to private sch.The rich either to Singapore or elsewhere overseas."Obviously double standard" n does d Govt can realise! It is time also to introduce Govt English schools n start on a hd hoc basis from Std one n see d response from d malays (tgt group) especially d kampong. Once they r happy n convinced slowly spread it throughout d country n replace d malay schools wt English.U must understand in spite of d handouts n special privileges there is a lot of setback which is contagious n can lead to social evil n one is Mat Rampit.Conclusion handout is a failure so now give d correct education which is English wt a compulsory pass in BM.

Saudi Arabia’s 2015 budget is probably assuming an oil price of $80 a barrel, and will be seen as a sign of confidence in the market, according to a former economic adviser to the country’s governm

Saudi cash reserve depleting n consumer spending may reduce which is bad for economy damage done so now Saudi want 80....n may fluctuate 80-85 stable for O&G.

Saudi was telling even if drop to 20 they r not bothered now talking of 80....so price hv to go up...US economy booming due to cheap energy but Saudi reserves depleting!!!!!

Due to flood crop affected palm oil production expected to be downtrend positive for palm oil stocks.Fgv,Sime n IOI expected to go up.....yr money risk is yours.

Just for reading pleasure: we hv Malay/Chinese/Indian n English private schools. Rural n ppl cannot afford go to vernacular schools while ppl in urban n who can afford to private sch.The rich either to Singapore or else where overseas."Obviously double standard" n does d Govt can realise! It is time also to introduce Govt English schools n start on a hd hoc basis from Std one n see d response from d malays (tgt group) especially d kampong. Once they r happy n convinced slowly spread it throughout d country n replace d malay schools wt English.U must understand in spite of d handouts n special privileges there is a lot of setback which is contagious n can lead to social evil n one is Mat Rampit.Conclusion handout is a failure so now give d correct education which is English wt a compulsory pass in BM.

Just for reading pleasure: we hv Malay/Chinese/Indian n English private schools. Rural n ppl cannot afford go to vernacular schools while ppl in urban n who can afford to private sch.The rich either to Singapore or elsewhere overseas."Obviously double standard" n does d Govt can realise! It is time also to introduce Govt English schools n start on a hd hoc basis from Std one n see d response from d malays (tgt group) especially d kampong. Once they r happy n convinced slowly spread it throughout d country n replace d malay schools wt English.U must understand in spite of d handouts n special privileges there is a lot of setback which is contagious n can lead to social evil n one is Mat Rampit.Conclusion handout is a failure so now give d correct education which is English wt a compulsory pass in BM.
27/12/2014 13:38

Govt shd send a form to all listed companies to give their detail year of planting,material n their annual yield etc.Should collect all d data n compute n put in one spread sheet n do d comparison.This will put them in a better light to compare GLC n non GlC Co performance.Hope Govt understands when Cos get less YIELD which means less profit which also means less corporate tax affecting d coffers n this is due to somebody not doing their job....very sad state of affairs.

Now by right palm oil price shd go up due to d current calamity but India is increasing d import duty which is a severe blow for price to go up.Crude oil is going to stabilise around 80 which is a negative news for biodiesel.We have living examples UP/KLK with price above 20 n dividend 70-100%.Is our Govt blind! cant they see or any of their personnel reading our forum.GLC companies their yield is only 20mt which can be increased to 23 or to 25 with good genes.If they dont understand shd copy from their peers.Field costing can be reduced n yield increased with 100% supervision.AEB/GH/SIME merged becoz d issue of low dividend paid by this co was raised in Parliament so they merged to cut Corporate n other related expenses to enable to pay higher dividend.I read in d press Si...committed to pay 50cts dividend which is not happening.Recently I read in d press that Malaysian Cos' r good at paying good bonus.Yield not going up due to unprofessional m'ment n lacking field supervision why shd they be given bonus between 5-10 mths n d poor workers gets peanuts.During Asian crisis palm oil saved d nation becoz price was around 3000 so d Govt shd treat palm oil as a golden crop. Govt shd send a clear message either they give d similar to UP or give them d boot.Why share holders cannot get good dividend but their emoloyees with low yield get high bonus.By right d shareholders shd be considered first b4 d bonus for employees.What I can see Govt trying to make d citizens happy but not talking of d dividend for shareholders.I am raising a serious issue here hope d message gets across to PAC for their intervention.PAC shd uograde themselves n make them more professional by doing field audit.Even d internal auditors instead of doing paper work in d estates shd go on full field audit.

The inputs indicates for sure no free fall on crude instead to stabilise around 80.Some US rigs r stopping scooping becoz its expensive to transport oil using large old vessels from d cold is far too expensive.All this contribute for oil to rebound!!!

http://www.bloomberg.com/news/2014-12-26/yen-heads-for-second-weekly-drop-ruble-rises-to-three-week-high.html

http://www.bloomberg.com/news/2014-12-25/saudi-arabia-seen-by-former-adviser-assuming-80-oil.html

Can anybody translate this mandarin messgae!....tks

http://www.dailymail.co.uk/wires/afp/article-2887024/19-Libya-soldiers-killed-Islamist-militia-military-source.html

http://www.dailymail.co.uk/wires/afp/article-2887024/19-Libya-soldiers-killed-Islamist-militia-military-source.html

http://www.citypress.co.za/business/oil-prices-rise-following-attacks-libyan-oil-terminals/

http://www.citypress.co.za/business/oil-prices-rise-following-attacks-libyan-oil-terminals/

http://www.bloomberg.com/news/2014-12-25/saudi-arabia-sees-wider-2015-budget-deficit-as-oil-prices-plunge.html

http://www.bloomberg.com/news/2014-12-25/saudi-arabia-sees-wider-2015-budget-deficit-as-oil-prices-plunge.html

By Sharon Cho Dec 26, 2014 4:58 PM GMT+0800 21 Comments Email Print

Oil traded above $60 a barrel in London amid the highest volatility in more than three years on speculation that Saudi Arabia, the largest crude exporter, is signaling confidence that prices will rally.

Brent futures swung between gains and losses. Saudi Arabia’s assumption of oil at $80 a barrel next year is sending a message that the government expects a price rebound, according to John Sfakianakis, a former economic adviser to the kingdom’s finance ministry. Implied volatility for at-the-money options this week increased to the highest since October 2011, data compiled by Bloomberg show.

By Sharon Cho Dec 26, 2014 4:58 PM GMT+0800 21 Comments Email Print

Oil traded above $60 a barrel in London amid the highest volatility in more than three years on speculation that Saudi Arabia, the largest crude exporter, is signaling confidence that prices will rally.

Brent futures swung between gains and losses. Saudi Arabia’s assumption of oil at $80 a barrel next year is sending a message that the government expects a price rebound, according to John Sfakianakis, a former economic adviser to the kingdom’s finance ministry. Implied volatility for at-the-money options this week increased to the highest since October 2011, data compiled by Bloomberg show.

"Why? The reason is simple: critical thinking is a different ball game altogether. It forces you to think and it challenges your mind to see beyond the obvious. It’s your grey matter constantly working out. Simply put, it’s not something we’ve cultivated; it’s something quite foreign to most of us.
But a more important question is: Are we ready for it?
In advanced economies, where youth education is of prime importance, changing systems and formats right in the middle of the year is almost unheard of. Never mind the fickle-mindedness of swapping from English to Bahasa and then back to English again or to dual-language. You can’t just change horses in mid-stream and be nonchalant about the outcome".....@Ring this is what is going on in our education system, how to create entrepreneurs???????

Comparison should be "apple to apple" not "orange to apple"....If both d companies r on 100% oil palm can compare. What u want to compare??? Sim...yield is 20 n Fgv also 20...Why compare S to Fgv instead shd compare to UP!!!

Thats a good info sustain @ 80 is a good news for a start n next 90.....

Front-month Brent crude prices were trading at US$60.40 at 0240 GMT, up 16 cents, while US WTI's front-month contract was up 24 cents at US$56.08 a barrel in thin trading as many countries were still on Christmas holiday. – Reuters