Posted by calvintaneng > 2022-06-25 09:37 | Report Abuse

Kenanga IB has turned from neutral position to OVERWEIGHT POSITION ON TSH AT RM1.90?

NOW TSH IS ONLY RM1.08
PLEASE BACK UP YOUR WORDS BY YOUR ACTIONS

BUY TSH NOW AND SHOW ALL YOU ARE IN TOP HOLDERS OF TSH IN NEXT ANNUAL REPORT

Posted by loneranger > 2022-06-27 08:13 | Report Abuse

Totally agree with that. Kenanga IB, please don't simply give high TP without any concrete market analysis. And don't forget to push Hsplant price to RM 3.30 as well. Otherwise, stop giving unrealistic TP.

Posted by Plantermen > 2022-06-27 11:55 | Report Abuse

Plantation sector is resilent and certainly a safer bet vs current market volatilely. Earnings are here to stay despite market dropping from their multi year high. From $6,300+ to current market price of between $5,000 + is OK. Remember the windfall tax for CPO is pegged at $3,000 per tonne { anything higher at $4,000 per tonne is termed at super profit}

Posted by treasurehunt > 2022-06-27 13:22 | Report Abuse

According to the gapki announcement 3 days ago, Indonesia CPO inventories has gone up to the highest level (in the history) to 6.1 million tonnage in April 2022 lor. Shortage of CPO? or Indonesia was playing a haunting game to the market?

https://gapki.id/news/21135/ekspor-masih-rendah-stok-meningkat

Posted by treasurehunt > 2022-06-27 14:11 | Report Abuse

It looks like Indonesia syndicates come to Bursa to goreng plantation sector with the helping of their flip flop export policy. lolz

Posted by VTrade > 2022-06-27 14:21 | Report Abuse

Indonesia want to continue discharge the oil in speed
Dont know why

Posted by Plantermen > 2022-06-27 16:34 | Report Abuse

Shipping out is not so straight forward. You need to secure the export permit either thru Trade ministry DMO obligation or paid an additional export tax fee of USD $200 per tonne. Logistics and limited vessels { edible oil carriers schedule} and not forgetting the pandemic disruptions all add up to pile up at the port. the CPO export ban which Indonesia imposed ar end April further worsened the situation. Believed it or not the Labour shortage is equally bad in Indonesia { especially at the oil palm areas located in and around Kalimantan}