I'm old enough to remember SOP's public issue/IPO in early 1990s. I can't remember the exact price but it was around RM2.20. Most investors back then didn't care too much about it.
The top plantation counters to buy back then were KLK (which I had bought at RM3.30 one time), IOI, Golden Hope. But it's heartening to note that SOP is still doing fine. IB analysts like from Maybank also rate it highly. At this current level, I'd say SOP is a reasonably safe counter to buy.
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Posted by calvintaneng > 2021-09-10 01:02 | Report Abuse
In Spore Merris red palm oil by SOP retails at S$11.35 or Rm36 for 500ml
In Malaysia Saji 5kg palm oil at Mydin supermarket sells for Rm29. 70
So red palm oil is 10x (times) more expensive than normal palm oil