EU not yet ban palm oil as biofuel until year 2030
In any case they want to protect their rapeseed oil Now Malaysia will also ban buying fighter jet planes from them unless they allow 50% of palm oil as barter trade
According to Peter Lynch the two most important factors for a share to go up are increasing profits or reducing cost of operation
Now that Cpo prices have more than doubled in price from last year the profit is up by more than 100% even though it is producing the same amount of palm oil
No extra effort needed
The price goes up due to palm oil being so profitable now
Today Chinteck share price up more than 5% in one day after good results out
Putting money in Bank FD for one year only get 1.75%
Imagine Chinteck with so small 28,000 acres of palm oil could make 100% extra profit by producing the same amount of FfB without more effort just by Cpo price increase of more than 100% how much more will Tsh, Thplant and Jtiasa make with palm oil land size over 200,000 acres strong each?
Be very careful when anyone quote from his religion. Either he is a Christian, Muslim, Buddhist or Hindu. I have seen many such men in my life time. BTW, i am a Christian.
i agree with you plantation companies in general will report improve profits. Even the badly managed one. Only a blind man won't see that. Is it cheap? So what's cheap? For me, i would first look at historical PE plantation stocks have been trading at? By comparing plantation stocks PE and technology stocks PE, it's like comparing apple and orange. The fact is, can palm oil price sustain? I believe so, at least till 2022 if the reports i read are correct. Then again, same for gloves counters earnings growth in 2020? But i detest people quoting their god in their sharings on profit to convince people. Elijah was a holy man and his life was about serving and not profiting. You would be another one who gonna claim "i don't need the money, i am just helping you" right?
I already hesitated from quoting from Bible until now as I know beforehand they will be people and even Christians who will have misunderstanding and past remarks
Nevertheless what was used are facts
The very fact that Elijah's widow only got one vessel and Elisha's got unlimited potential (only limitation was the lack of more empty jars )
this is to illustrate companies with the largest upstream palm oil acreage will benefit the mostest in palm oil price rise
And why People allow high P/E for tech stock now is the current trend only
As for palm oil 10 to 15 years ago people also assign high P/E in those days
Calvin. Then you are using your logic and not hearing God's voice in your quiet time. Bible told me to be careful of those who claiming to be his disciples (from their life, not their words. Since i don't know you, i can only judge by your words. Though i find no flaws in your claim that palm oil price is high, i once highlighted few months back when you were promoting Jaya Tiasa that i disagreed with buying Jaya Tiasa while i agreed plantation could be good buy? I stated my general observations too. Btw, Jaya Tiasa bosses are mainly Methodist from Sibu.
While i don't know how much longer commodities gonna run, probably a lot longer. I won't buy below 3 companies because of these reasons. I understand Calvin logic behind buying these companies, which should have lower PE i presume? Sorry, i didn't study in details and just a quick guide. 1. I presume THplant and FGV both GLC? 1 rule i have is not to touch GLC if i am looking at long term investments. I believe you have seen enough scandals with GLC to know why? Even i got the privilege to run GLC, i don't mind doing it for free cos i will become very rich anyway wink wink 2. Jtiasa. Cautious with 2nd generation successors. Few succeed (eg YTL) but majority are embroiled in power struggle. When everyone is busy with politic, you think they got time to care for the long term well being of businesses? That's why i miss Dr. M. From my memory, his dictatorship period was the best economically for Malaysia. Changing PM every year won't bring Malaysia anyway, no matter who the PM is.
calvintaneng Paktua73
Now CPO price has gone into World record high
Remember you did very well buying Hlt during Glove Bull?
Out of all the plantation companies, you chose 2 GLC. Thplant and FGV. And Jtiasa which lost money when others double their profit. Stop quoting bible in your research
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....
calvintaneng
56,624 posts
Posted by calvintaneng > 2021-08-01 16:22 | Report Abuse
note: the miracle performed by Elijah was during a period of 3 1/2 years of acute famine when there was no rainfall in those years