Market now starts talking about commodities super cycle, caused by pandemic as the structural catalyst, eg weaker dollar, limited supply due to closure of mines or shortage of (foreign) workers, stimulate economic activities & therefore commodity consumption, and synchronised efforts by countries to limit the export/ increase tax of agricultural products...
“On January 11th Argentina lifted a ban on corn exports, but imposed a cap. Russia plans to tax wheat exports from mid-February.”
Commodities bull has started. Let see how far it can run.
Soybean is in the usd14 territory now Fcpo rm4000/Ton When fcpo rm3200/Ton.... tdm 43 sen . And was in the red eps then
Now fcpo trends higher rm4000/ton and with green eps... for the last Q and this Q... TDM is still a very undervalued stock heading up higher . Only takes a little while longer as there is plenty of room up
Bought @ RM0.35 last month when many analysts were calling for a "BUY" bcos they were saying Oil Palm price is rocketing !!! Now they are saying oil palm price is consolidating for 3-4 months !!!
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....
Mikecyc
46,663 posts
Posted by Mikecyc > 2021-01-12 19:40 |
Post removed.Why?