On stocks selection, we believe pure plantation players to benefit more from the recent surge in FCPO prices (+9.57% WoW) and 13.6% MoM) and could attract active trading interests in the near term. To recap, recent surge in FCPO was mainly driven by a confluence of positives such as playing catch-up with a rally in soybean prices due to robust demand from China (as major crops were destroyed by typhoons), renewed buying interests from India, a weak USD, expectations of the development of a La Niña climate pattern potentially leading to lower production etc.
Based on the monthly chart, FCPO could break the formidable LT neckline resistance near RM3200, supported by the bullish indicators. A decisive breakout above this hurdle could spur prices higher at RM3400-3600 zones. Key supports are situated at RM2700-2900 levels. "
The year was 1996. The Asian Stock Markets Were in the Hottest Euphoria. Amost every one was enjoying increasing profits. Many have resigned from their jobs to do full time trading in the stock market. Stock market tips and conversations were the order of the day. Everywhere in offices, homes, coffee shops, markets, eating places people talked only about the next “Limit Up” stocks.
In every trading Hall or Room there is no available seats. In RHB Bank HQ there isn’t even standing room. Cramped, jammed and packed with traders and specualtors from all walks of life. It Was The GoGo Years Before The Asian Financial Crisis!
One man stood out. Peter Lim of Singapore. He sold all his shares near the very peak and bought into just one counter – WILMAR the Plantation Stock.
On hindsight it was an uncanny but very accurate move. Next year in July 2nd 1997 George Soros attacked the Thai bath. The Thai bath collapsed and then contagion spread to Malaysia, Singapore, Hk, Korea, Indonesia – One by One Their Stock Markets Collapsed like tent pins.
At the height KLSE was 1332 and at the bottom it was only 262 points – A Crash of 81%
Nobody fully invested could have escaped such a carnage. It was a disaster for many. Tens of thousands went bankrupt. Many Banks & Financial Institutions were insolvent. Before the Asian Financial Crisis there were 49 Banks and Credit Companies in Malaysia. With the devastating carnage less than 10 Banks now standing. The rest became history.
Tycoon Peter Lim invested $10 millions into Wilmar – the plantation stock owned by Robert Kuok.
How come Peter was so “chun chun”? All $10 millions into one single stock. And he was right on target. Four years later in 2,000 Peter Lim “THE REMISIER KING” of Singapore sold his Wilmar shares for a cool $1.5 Billions!
So plantation stock investment if timed well can make you a billionaire!
As for Robert Kuok he became the Richest Man No. One in All of Malaysia with over Rm40 Billions.
Ha! Are we now entering another phase of market doom? Maybe yes or maybe no.
But This Is For Sure:
A POWERFUL EL NINO IS NOW ONGOING
Hmmm?
Let’s SEE if Plantation Stocks will create more millionaires and billionaires this round.
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.
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....
polycarp
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Posted by polycarp > 2020-09-22 00:58 | Report Abuse
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