SultanMelaka, President Biden victory, favour to world trade, oil price spike up, covid-19 going to end soon, our economy will become prosperous once entering the year of 2021 ! So, I just posting more good news to let public aware to Sailang in stock market to making more monies for their early retirement only... if you not like my posts, just ignore it...
Oil palm counters wave coming. Expect good result & dividends coming qtrs from plantation companies. Larger size planter's will be the main beneficiaries of rising CPO prices
Will the market crash if budget 2021 cannot be passed this coming Thursday (26/10/2020)? These are the 4 possible scenarios:
1. Parliament will be dissolved and a snap election will be called 2. A state of Emergency in the whole country will be declared by YDPA 3. Muhyiddin will resign and YDPA will appoint an interim PM 4. YDPA will appoint a new PM who has majority MPs support. A new budget 2021 also will be tabled by the new appointed PM.
Will the market go down? Will it crash? Take profit now or wait?
The plantation companies fared well in 3Q20 too, thanks to the rebound on crude palm oil prices. Genting Plantations Bhd’s quarterly profit leaped 241.8% y-o-y, Sarawak Oil Palms Bhd (138.8%), IOI Corp Bhd (86.5%) and United Plantations Bhd (58.3%). Meanwhile, both Sime Darby Plantation Bhd and FGV Holdings Bhd have turned profitable.
Malaysian Palm Oil Board said the stronger performance in soybean oil on China's Dalian Commodity Exchange and US Chicago Board of Trade (CBOT) had also lifted sentiment in the palm oil market.Additionally, the gains were in line with the uptrend in the physical price, which rose to more than a nine- year high.
For those serious mature sensible minded long term investors among y'all ... Do consider TopGlove as another egg in your basket, another arrow in your quiver, another string to your bow
Bonus issues: 2002 3:10 ==> 2,600 units 2003 2:5 ==> 3,640 units 2005 1:1 ==> 7,280 units 2007 2:5 ==> 10,192 units 2010 1:1 ==> 20,384 units 2016 1:1 ==> 40,768 units 2018 1:1 ==> 81,536 units 2020 2:1 ==> 244,608 units
Today 244,608 units x RM8.70/unit = RM2,128,089
Capital Appreciation = From RM5,400 to RM2,128,089 in just 19 years
This is clear solid undoubtable undeniable evidence of the awesome benefit by way of exponential growth that you get from investing long term in TopGlove
Anyways, this is not a call for buy or sell, but just sharing of some inspirational motivational confidence-building information.
The export duty exemption was also meant to help support the commodity industry as part of overall efforts to stimulate the economy in the wake of the Covid-19 pandemic.
OIL PALM PLANTATIONS TO OPERATE AS NORMAL IF MCO IS RE-ENFORCED - Bernama 11-Jan-2021 04:14:12 PM
KUALA LUMPUR, Jan 11 (Bernama) -- The Ministry of Plantation Industries and Commodities (KPPK) has given an assurance that oil palm plantations will be given permission to operate as usual if the government implements the Movement Control Order (MCO) 2.0.
Minister Datuk Dr Mohd Khairuddin Aman Razali said this was important to ensure that palm oil production was not interrupted and the country could continue its commodity exports to the rest of the world.
"We have gone through the MCO 1.0 phase in March 2020 and today we have been through it for almost one year. Of course, we have learned the best way for us to manage the plantations more prudently.
"Besides that, workers in oil palm plantations have always practised social distancing and their jobs require them to distance themselves. Hence, the spread of COVID-19 can be avoided," he told a press conference in conjunction with the Palm Oil Economic Review & Outlook (R&O) today.
Mohd Khairuddin said his ministry was optimistic that the palm oil trade performance would be better this year due to the positive forecast of the country's economy, as well as productivity, which is expected to increase due to good agricultural practices that formed the basis of the Malaysian Sustainable Palm Oil (MPSO) certification scheme.
He said as at Dec 31, 2020, a total of 5.2 million hectares or 88.25 per cent of the 5.9 million hectares under oil palm cultivation in Malaysia have obtained the MSPO certificates.
A total of 434 mills or 96.02 per cent of the 452 palm oil mills have also obtained the MSPO certificates.
Meanwhile, he said Malaysia has decided to file legal action with the World Trade Organisation (WTO) against the European Union's (EU) restrictions on palm oil-based biofuel
IOI Properties Vice Chairman who is also a majority shareholder bought another Rm6.8 million IOI Properties shares yesterday. He has spent about Rm63 million in the past 9 weeks buying the company shares in his own name. I can't wait to find out great news from the company!!
CPO price high high but this IOI counter lower and lower, perhaps should look at SUPPLIERs of plantation co instead, like ANCOM hehehe. Flying higher and higher...
According to the report while full details of the allegations against SDP have not yet been published by either Liberty Shared or the CBP, the former's petition shared similarities with a report called "Cruel Outcomes" that it published last September, three months before the petition was filed. The report contained a chart of International Labour Organization indicators that also appeared in the petition.
while the "Cruel Outcomes" report used this chart to record alleged failures by FGV Holdings Bhd, SDP, IOI Group and Wilmar International Ltd, the petition submitted to the CBP used the same chart to suggest failures by SDP alone.
although plantation sector having difficulty to get labor nowadays, chances of IOI to face implication is relatively lower as their reliance to foreign worker is less and they have locals and contract staff to harvest the palm.
Malaysia to increase palm oil exports to Saudi Arabia BENTONG (March 12): Malaysia will increase its palm oil exports to Saudi Arabia from 300,000 tonnes to 500,000 tonnes worth approximately RM1 billion. Plantation Industries and Commodities Minister Datuk Dr Mohd Khairuddin Aman Razali said the volume was increased following Prime Minister Tan Sri Muhyiddin Yassin's visit to Saudi Arabia recently. It is among the accomplishments following the Prime Minister's visit to Saudi Arabia other than the growth in demand for palm oil in that country throughout the Covid-19 pandemic,” he told a press conference in conjunction with the National Immunisation Programme registration campaign for the plantation sector today. He also revealed that the Ministry would open a regional office in Jeddah, Saudi Arabia soon. It is to further expand our opportunities for the commodity in the African and Middle Eastern markets and we see Jeddah as the best hub. With the establishment of such office, hopefully our palm oil could be further marketed internationally,” he said. Meanwhile, Mohd Khairuddin said his Ministry is negotiating with the Ministry of Home Affairs and Ministry of Human Resources to secure foreign workers for the plantation sector which is in desperate need of manpower. He noted that there are currently more than 250,000 foreign workers in the plantation sector with some having returned to their respective countries upon expiry of their permits. He said his Ministry will propose measures for the plantation sector particularly in regard to standard operating procedures as a reassurance in recruiting about 32,000 more foreigners as harvesters. If we can get 32,000 of these harvesters, that will be another RM5 billion in palm oil-related income towards our RM75 billion target for this year. At the same time, we hope that locals would also venture into plantation which provides many benefits such as free housing,” he said. Earlier, Mohd Khairuddin spent some time visiting the living quarters of FGV Holdings Berhad's workers and palm oil mill in Mempaga here.
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....
tkl88
8,712 posts
Posted by tkl88 > 2020-11-11 19:46 | Report Abuse
SultanMelaka, President Biden victory, favour to world trade, oil price spike up, covid-19 going to end soon, our economy will become prosperous once entering the year of 2021 !
So, I just posting more good news to let public aware to Sailang in stock market to making more monies for their early retirement only... if you not like my posts, just ignore it...