IOI Corp Bhd* posted a 66% increase in its net profit to RM355.7 million for the second quarter ended Dec 31, 2020 from RM213.5 million in the previous year’s corresponding quarter, benefiting from high crude palm oil (CPO) and palm kernel (PK) prices. Quarterly revenue grew 25% to RM2.45 billion from RM1.96 billion a year earlier. The group announced an interim single tier dividend of 4.5 sen per share. For the cumulative six-month period, IOI Corp said its net profit jumped 75% to RM633.6 million from RM362.5 million in the previous year, while revenue increased 32% to RM4.93 billion from RM3.73 billion.
Since last Oct 2020 until Feb 2021, CPO price has been averaging above RM3300. This trend expected to continue with the current commodities supercycle that might be sustained for 2 - 3 years
Those who don't want to miss this once in every 30 years opportunity, better take your position in right now!!!
"The global economy tends to experience short-term cycles, such as when the economy fluctuates between weak declines and strong growth, forming an cyclic pattern.
Commodity prices are affected by economic growth, and the movement of prices form cycles as well. In the next 1 or 2 years, a new cycle is expected."
Soybean creeping to all time high .. sustained momentum with lower output of soybeans fm South America . With winter cold and super thick snow in planting belts of soybeans in USA.. this year planting should be delayed again ..,uncertainty of ability to restocking stockpile will drive demand exceeding supply through this year to the next ... so cpo price follows ...
A combination of factors including Covid impacting the planting inputs , manpower and logistics restrictions all contributed to the reduced supply of the soybeans .
profit of the company very much depend on CPO price, produced and cost of production. The production of CPO is related to palm age, OER & recoveries. That why the profit per-hectare varies from one to another plantation company and very much related to way they plan & manage.
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....
KAQ4468
21,497 posts
Posted by KAQ4468 > 2021-02-21 18:32 | Report Abuse
Pasti mariiiii