CPO prices are trending higher this quater ( jan'16 - Mar'16 ) far more better than 2015. Most companies will report weaker earnings based on their FY 2015 reporting. The average price for 2015 is app RM 2,000 . Sabah & Sarawak are reporting far lower prices due to discount. Plantations are highly taxed in terms of levy, windfall tax, export tax plus salary hike.
Earnings upgrade will only applies for this FY quater. recently IOI was penalised by RSPO for breahing their rules. This bring more Funds dumping their plantation (IOI). Most plantations will reduce their dividends ( based on last year result ). FGV was the biggest disappointment after their IPO. Local funds are still stuck with their IPO offerings. plantation blue chip are rich in valuations ( unless you play on those smallish counters ). This is my view while counters are not moving
Sometimes share some, maybe a bit good insight. The rest of time author seems too boastful to extend I term as arrogrant, lansi or singkalan....I believe really rich guy wouldn't write here. They got better things to do.
agreed cheoky. most investors will look at reports but look for information which they feel is relevant. This is trend you look not only here but beyond our shores. CPO is part of the 7 major oil trends. Big MNC ( Wilmar ) have operations in Africa, South America, Central Asia etc
Taan and SOP will also go up in price as All Oil Palm stocks and all Oil Palm related stocks will rise in tandem. However I think WTK the laggard is better than Taan in term of value. As some Palm Oil counters are slowly moving up there are still some laggards left.
Everyday, I hope to buy a little more on weakness.
I like to buy in a down day. For today the market is up I find less bargains.
I only managed to get 800 shares of KM Loong today at Rm3.34 in panic sell this morning. Total cost is a mere Rm2,672. Actually nothing to shout about.
I only believe oil palm price will continue higher if a) world soybean price go up b) crude oil price continue up, more than usd 50/60 . Currently oil palm slightly up but harvest volume down, earning back to square.
Since you are so sincere and sweet, I hope my answer will be of help to you and others.
So far I make money from Calvintan's Jtiasa bot at 1.18 and 1.31, NTPM(0.84), Supermix (bot 2.51 and sold 2.92), YILAI (b 0.86, s 1.02), KPSCB(b0.49 s0.63). Some of his counters I lose money but overall, I gained or in paper profits.
Now I am holding his WTHORSE (2.40), MPHB(1.53), Tmakmur(1.56), MUI(0.18),Nylex(0.585), PMCORP(0.27) and recent buys like YTLPWR(1.46), Cepat(0.75), Dutaland (0.495),CBIP(2.28), Daiman(2.28), Kwantas(1.50), HSPLANT(2.45), THPLANT(1.25) and MHC(0.94).
My other sifus are TTB(icap IPO since 2005 with top-ups occasionally), kcchong (Padini@1.60, Magni@adjusted 3.43, Apollo@4.90, Perstima@5.10, ECS@1.70, Ptaras 3.50, Hexza 0.775, Scientx 7.78)
I also have counters like Dlady, Topglove, Panamy, Amway,Uchitec, CCB, Parkson, UPA, etc from my own research and Investment Bank Analysts.
Just follow them if you feel comfortable with their track record. Always buy/hold/take profits or cut losses accordingly.
I am writing all these to show fellow investors in i3 not to judge negatively Calvintan or others just because they lose money following their recommendations. We buy at our own risks whether on our own or follow others' promotions. Always blame ourselves when we lose money in the share market. Never blame others.
I always buy cash and hold the above shares mainly in 1000 or 2000 shares and it is not meant to ask you to buy or sell them. This comment is strictly for sharing purposes and no other ulterior motives.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
moneySIFU
5,862 posts
Posted by moneySIFU > 2016-03-30 10:26 | Report Abuse
Talk like he is having millions ringgit, buy everything he write.