Plantation Uptrend remains intact..So you can expect trend reversal pretty soon
Palm Oil supply time be tight as production in Malaysia & Indonesia stays flat comparing to 2019 due to bad weather and less fertiliser application by small palm oil holders
Buying momentum for palm oil will likely to sustain for the remainder of the year
COVID19 disrupted logistics but the demand for cooking oil are not reduce as there’s aggressive buying from China and India
FCPO prices to stay strong
Higher FCPO prices raises the subsidy cost required to make biodiesel more competitive which put the government in question on capability to fund up biodiesel program
Investors should know that no stock can go up or drop continuously for whatever reason. After sometime it will change its trend. The one which was going up will drop and the one which dropping will go up. As a result, many investors are in a dilemma to sell or to buy some more at cheaper prices. There are many reasons for this phenomenon.
One common reason is that short term investors or day traders frequently buy or sell to make a bit of money. They take advantage of the price fluctuation to make money. Studies has shown that short term investors cannot make much money due to transaction cost. Serious long-term investors always make more money.
I'm still waiting in queue at 22.. Otherwise see you at 31 my next TP.. 77 is my Final Target..
Tanhboon...coming soon would be plantation and vaccine play, both of which are excitingly covered by TDM. The 4 hospitals they own would be potential bases to implement the vaccination programs. Gotta be patient for another 3 months to reap the harvest. We are all early birds, all except one lost mouse.
@davidkkw79 Terengganu under PAS punya tak boleh lar, just dump 18/08/2020 10:48 AM
Really?
Do you know Trengganu is one of the richest state in Malaysia? If you have time, please take Mabel Airlines and Visit Terengganu. The state has a highly developed road system and attractive beaches, beautiful Islands and Golf Courses.
Terengganu Plantations are fill with TDM and FGV Plantations and soon ECRL will pass through all these plantations...which means all these land will appreciate in value.
Yesterday’s pullback successfully dragged the FCPO price below last Friday’s low. However, the bear was not dominant amid weaker selling pressure. The pullback however is likely to turn into a consolidation with the FCPO ranging between the immediate resistance and the support. The FCPO could stage a bullish reversal soon.
FCPO (RM2711, +32) reversed early losses on Tuesday, tracking rival soyoil prices that have been climbing on concerns over damage to the U.S. Midwest grain belt after last week's storm. Palm is getting support from bullish momentum in rival soyoil prices at the United States and South America. A storm packing hurricane-force winds tore across the U.S. Midwest last week, toppling grain bins in dozens of counties and compounded troubles for a U.S. farm economy already battered by extreme weather and the trade war with China. From a technical view, next key support and resistance seen at 2645 to 2730 respectively.
@davidkkw79 that's why TDM share price is the lowerst in among palm oil stocks, because it is related to PAS party, they mess up all the business in teregganu 19/08/2020 9:50 AM
I have 11 Plantations in my collection.
You want good price come and join me in the following counters.
As Tanhboon said current price has factored in all the weakness. However, with CPO uptrend in tact, we are looking at Bullish Momentum in all Plantation sector. Buying momentum for palm oil will likely to sustain for the remainder of the year
Catalyst
Export revenue RM 67.6 billion ( 6.1% GDP) Feeding more than 3 billion people over 200 countries. B20 biodiesel for the transport sector by end-2020. Demand to increase palm oil by 500,000 tonnes per annum.
TDM Value Proposition in addition to the above catalyst..
Profitable Hospitals across the country which support Medical Tourism and Vaccine play to fight C19 TDM plantation sittings along ECRL land - explosive landmine opportunity Back by Oil rich Terengganu State Government plus bulldogs and the team
Mabel Mi placer hermano ... El genio comienza en el alma, se origina en las experiencias. Quiero estar contigo .... y bailar contigo .. a 77 con amores
Minha irmã da paixão,
Seu entusiasmo e amor pela vida transparecem na maneira como você se comunica. Que a vida o recompense com o melhor que pode oferecer ....... incluindo 22-55-77
@Mabel As Tanhboon said current price has factored in all the weakness. However, with CPO uptrend in tact, we are looking at Bullish Momentum in all Plantation sector. Buying momentum for palm oil will likely to sustain for the remainder of the year
Catalyst
Export revenue RM 67.6 billion ( 6.1% GDP) Feeding more than 3 billion people over 200 countries. B20 biodiesel for the transport sector by end-2020. Demand to increase palm oil by 500,000 tonnes per annum.
TDM Value Proposition in addition to the above catalyst..
Profitable Hospitals across the country which support Medical Tourism and Vaccine play to fight C19 TDM plantation sittings along ECRL land - explosive landmine opportunity Back by Oil rich Terengganu State Government plus bulldogs and the team
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....
RiverOfSilver
2,833 posts
Posted by RiverOfSilver > 2020-08-17 11:24 | Report Abuse
still strong