Blog: Plantation - Key takeaways from Bumitama’s conference call

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3 comment(s). Last comment by MuttsInvestor 2021-08-16 10:52

calvintaneng

56,632 posts

Posted by calvintaneng > 2021-08-16 09:46 | Report Abuse

Hedging was from Jan to June 21 and only up to 20%

80% still vey good from Market Rate

BUMITAMA NOW RELEASED FROM 1H LOW HEDGING WILL SEE MUCH BETTER TIMES

SO?

SO GO LOAD UP ON BUMITAMA!!!

calvintaneng

56,632 posts

Posted by calvintaneng > 2021-08-16 09:46 | Report Abuse

BAL has completed the delivery of its forward sales in 1HFY21. The group carried outminimal hedging in 2HFY21. Hence, BAL is expected to benefit from high CPO prices in 2HFY21.

MuttsInvestor

865 posts

Posted by MuttsInvestor > 2021-08-16 10:52 | Report Abuse

MOST critical is the Indonesia Govn Export Duties. They Reduced it at beginning of 2021. Now , very likely , they will Imposed the Taxes as Supplies of other editable OIL are also "tight". SUPPLIES in Indonesia and Malaysia is "Extremely TIGHT" in 2021 onwards. Couple with "Post Covid" of REVENGE spending ...... prepare for Spike in Demand. Add 1 + 1 = ....???

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