Work on fundamentals ... Profit driven EPS —- Positive FCpo .., uptrend Soybean ... uptrend
Tdm was at 18sen when cpo was rm2000/Tom Eps was in the negative territory
When last Dec/jan fcpo rm3200/ton Tdm... 43sen .., then eps was in the negative Now fcpo rm4000/Ton , eps positive Tdm price ? Go back 30sen ?? Unlikely . Go up 50sen ... in due time only . 18sen to 36 Sen already 100% increase . 36 sen to 72 sen ..., another 100% increase by after the next earnings Report out , fcpo remains above rm3000/Ton ... through 2021 . If fcpo rm4000-rm5000/ton ..,then tdm 100sen ... by year end . My 2 sen thought
KUALA LUMPUR: Fitch Ratings expects crude palm oil (CPO) prices to decline in 2021 on higher supply. The firm assumed the prices would average US$560 per tonne over the year, despite some upside risks such as a strong La Nina weather pattern.2020年12月29日
Date Settlement Price RM 7 Jan 21 3817 6 Jan 21 3877 5 Jan 21 3755 4 Jan 21 3724 31 Dec 20 3600 30 Dec 20 3588 29 Dec 20 3502 28 Dec 20 3541 24 Dec 20 3569 23 Dec 20 3535
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
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....
bulldog
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Posted by bulldog > 2021-01-07 19:13 | Report Abuse
Date Settlement Price RM
6 Jan 21 3877
5 Jan 21 3755
4 Jan 21 3724
31 Dec 20 3600
30 Dec 20 3588
29 Dec 20 3502
Uptrend intact
Huat chaiii