note : Depreciation n amortisation is ( 20,836,000)
#Refer to FY20 QR1 ended March 2020 :
Revenue Profit/ ( Loss)
Plantations 57,120,000 ( 6,502,000)
Healthcare 61,915,000 3,008,000
#FY19 QR4 ended December 2019 :
Revenue Profit/ ( Loss)
Plantations 58,754,000 5,426,000
Healthcare 65,101,000 5,770,000
Note : Profit is reduced and become in Loss , and a lots of court cases , one court case is instructed to deposit RM 1.0 million as to winding up case.
>>EMPHASIS OF MATTER We draw your attention to Note 42 to the financial statements where various significant and material misstatements have been adjusted retrospectively in the 2018 financial statements. These errors have affected the financial position, results and the relevant disclosures of the prior years. Our opinion is not modified with respect to this matter.
compared 2018 vs 2020 first 6 months , averagely 2020 is more RM 100 / ton , ie ard 4 % , but compared to 2018 n 2020 monthly output is reduced by 32.3 % .. scary ..
CPO weather forecast is looking good. Overall, the palm oil market has been performing well against other commodities. For the week just ended, the CPO futures contract traded mostly lower, tracking the movement of bean oil prices on the Chicago Board of Trade and Dalian Commodity Exchange, and the movements of crude oil as well the ringgit against the US dollar.
On a Friday-to-Friday basis, the CPO futures contract for September 2020 declined RM52 to RM2,880 per tonne, October 2020 eased RM31 to RM2,861 per tonne, November 2020 fell RM24 to RM2,811 per tonne, and December 2020 slipped RM19 to RM2,778 per tonne.
#Mikecyc compared 2018 vs 2020 first 6 months , averagely 2020 is more RM 100 / ton , ie ard 4 % , but compared to 2018 n 2020 monthly output is reduced by 32.3 % .. scary ..
Soy price 2 years high.. let's not waste this opportunity to cry over spoilt milk...
Focus on the big agenda - To regain pole position as World No 1 Producers of Palm Oil.
Every single Plantation has to play their role to meet this Wanted Position.
Currently, high on my agenda are these 3 sectors and they are sitting on Top 3 Position in my Business Plan for this year (KLSE and Nasdaq)
P1. Healthcare, I have a collection of 12 companies under Healthcare including Gloves Fantastic Four. My motivation is to contain Convid 19. One of them is the World No 1 Producer of Gloves and Malaysia is the World Largest Exporter of Gloves..
P2. Plantation, I have a collection of 11 Plantations. My motivation is to feed more than 3 billion peoples across 200 countries. One of my Plantation is World No 1 Biggest Plantation and Malaysia is the World 2nd Largest Producers of Palm Oil.
P3. Technology, I have a collection of 8 Techs companies. Technology is one of the sectors that support my Digital Economy Program. One of my collection is the World No 1 Biggest Supplier of 5G. Currently, 40% of the World Mobile Subscriptions are handled by this company.
It would be nice to have the 3rd one. Certainly we are not that far away from Indonesia numbers...
Remember Honda - The Power of Dreams. Yesterday Honda secured P3 just behind the Great Mercedes Benz in Tuscan F1 Grand Prix. It's all about teamwork, the rest is technology.
Sime Darby is in my collection. On your 2nd point, boycotting palm oil and replacing it with an alternate vegetable oil is, of course, a decision that people or big brands are free to make. However, the price for such an action will be high, as it is proven beyond doubt that replacing palm oil with any alternate vegetable oil will result in using up to 10 times more land to produce the same quantity of oil.
Tech sold down because Trump hammers China tech companies and huawei
Others sold down because Oct loan moratorium over so money will leave Klse to pay loans
Now one class of stocks got support
Palm oil
Because
1. China North East got great flood wiping off its bread basket of corn and soybean
2. Last year China culled pigs due to disease
Pigs need lots of soymeal feed
3. So China will buy more soybean from Usa
4. USA also got drought so less soybean
5. Prices of soybean surged which is very good for palm oil as India cannot buy expensive soybean oil now turn to Malaysia palm oil
6. Plus more people stay home eat more biscuit. Biscuits has high palm oil content as well as Malaysian milo and Kit Kat is full of palm oil. Ofi, Hup Seng, Apollo and Hwatai showed increasing revenue from biscuit sale due to MCO lock down. Many getting slim on palm oil from KitKat, Milo and snacks of biscuit, cakes, ice cream all got high palm oil content
All these will increase sale of palm oil. This trend goes across the globe benefiting more than 3 billion people in more than 200 countries. All Plantation is expected to go into multiyear bull run.
note : Depreciation n amortisation is ( 20,836,000)
#Refer to FY20 QR1 ended March 2020 :
Revenue Profit/ ( Loss)
Plantations 57,120,000 ( 6,502,000)
Healthcare 61,915,000 3,008,000
#FY19 QR4 ended December 2019 :
Revenue Profit/ ( Loss)
Plantations 58,754,000 5,426,000
Healthcare 65,101,000 5,770,000
Note : Profit is reduced and become in Loss , and a lots of court cases , one court case is instructed to deposit RM 1.0 million as to winding up case.
Hospital is a services to the nation. Part of giving back to the community after gaining so much..
Healthcare Division
The Group’s Healthcare division, Kumpulan Medic Iman Sdn Bhd (KMDI), manages four specialist hospitals, which offer no-frills, affordably priced secondary healthcare care services to the community where we operate. The following hospitals are conveniently located within neighbourhoods to serve the public in these areas:
Kelana Jaya Medical Centre (KJMC), Petaling Jaya, Selangor Kuantan Medical Centre (KMC), Kuantan, Pahang Kuala Terengganu Specialist Hospital (KTS), Kuala Terengganu Taman Desa Medical Centre Sdn Bhd (TDMC Hospital), Kuala Lumpur
The vision of the healthcare division is to be the specialist hospital of choice whereby every individual will have an access to high standard of healthcare accustomed to any developed countries.
The services offered at all its hospitals cover key disciplines such as general medicine, paediatrics, orthopaedics, general surgery, radiology, obstetrics and gynaecology, ENT, dermatology, ophthalmology, urology, anaesthesiology and gastroenterology.
Currently Future Contract is trading at RM 2910.FCPO once break RM 3000 mark, all plantation counter will rocket to the skies. Right now its like trying to break 1st night on my honeymoon.
Boys need to be patience...strategy is to exert pressure...slowly but surely...
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....
Mabel
24,171 posts
Posted by Mabel > 2020-09-12 17:12 |
Post removed.Why?