Posted by Ring > 2014-07-24 11:18 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2014/07/24/RHB-Research-upgrades-SP-Setia-Catalyst-for-rerating-includes-MA-or-possible-privatisation/

Posted by Ring > 2014-07-24 11:41 | Report Abuse

It is timely PNB merge all their property arm n create a gargantuan property incl Sime property leaving only Sime to manage only d plantation.Earlier PNB did a mega merger on all plantation n Sime to head the merge.The purpose of d plantation merger was to reduce expenditure, improve yield n overall efficiencies to give a dividend of 50cts which i read in d media. Sime should be left only plantation to manage n they must compete with UP n bring their standards into their field management n eventually should be able to give dividend of 80-100% n share price will spike to above RM25.As a planter i dont see any difficulty... "The best manure for the field r the managers,PAs',CEO, MD footprints". Instead of warming up d seats should get down to d field, good for health, can reduce cholesterol n sugar instead of wasting time in d gym.PNB should show some seriousness n will be able to pay better dividend to their Unit Trust Holders. I am driving some sense hope d message gets across.

Posted by Ring > 2014-07-24 13:28 | Report Abuse

KUALA LUMPUR: Crude palm oil futures prices on Bursa Malaysia Derivatives closed at the lowest level in almost a year, following losses on the Chicago soyabean market, a dealer said.

Posted by Ring > 2014-07-30 20:29 | Report Abuse

Wednesday, July 30, 2014 - 16:25
KUALA LUMPUR: Maybank Research maintains its 'neutral' call on the plantations sector on lack of short-term catalysts.

Posted by Ring > 2014-07-31 18:02 | Report Abuse

For Sime Darby Bhd, every RM100 per tonne change in the CPO price would result in an “addition or reduction” of RM250mil to the group’s profit. Similarly, for Felda Global Ventures Holdings Bhd, every RM100 change in the CPO price could result in a RM100mil change in profit.

Despite the uncertainties ahead and the CPO price currently trading lower at RM2,250 per tonne, some quarters maintained that planters in Peninsular Malaysia would continue to reap in profits as their average CPO cost of production (COP) is still good at RM1,200 per tonne. The COP for Sabah and Sarawak planters’ is RM1,300 per tonne and RM1,600 per tonne respectively.

Posted by Ring > 2014-08-01 10:04 | Report Abuse

KUALA LUMPUR: Credit Suisse Research believes that the downside for palm oil prices is limited as current palm oil prices are already at RM2,320 per tonne, versus a post-global financial crisis low of RM2,100 per tonne.

It noted that the El Nino catalyst has been dampened as the phenomenon is predicted to strike only in September — and not strongly — and that palm oil prices have been depressed by weak soya oil prices. But the research house said positives still persist.

Posted by Ring > 2014-08-01 19:16 | Report Abuse

Kulim wanted to dispose of the stake because although it is the single largest shareholder in NBPOL with 48.97%, it is unable to exert management control over the plantation group that is a source of significant employment in PNG.

Posted by Ring > 2014-08-04 19:28 | Report Abuse

Planters’ minimum wage headache
BY OOI TEE CHING - 4 AUGUST 2014 @ 6:25 PM

KUALA LUMPUR: The minimum wage policy is meant to pave the way for a higherincome nation but such good intention has caused an increase in the outflow of funds.

Feedback from rubber and oil palm

estates showed that the higher salary payouts under the minimum wage policy have resulted in a substantial increase in remittance by foreign workers.

The amount is estimated to almost double this year from 2012, before the policy was implemented.

The Minimum Wages Order 2012 took effect in January last year and requires employers with six employees and above to pay a minimum wage of RM900 a month in the peninsula or RM800 a month in Sabah, Sarawak and Labuan.

While lawmakers seek to propel Malaysia towards becoming a high-income nation by introducing minimum wages, the blanket implementation of the “basic rate” instead of

“take-home pay” across all sectors has given foreign workers more money to send home.

In an interview with Business Times, Malayan Agricultural Producers Association (Mapa) executive director Mohamad Audong said the blanket implementation of the minimum wage policy, rising bank borrowing costs and falling palm oil and rubber prices have resulted in planters being hit from all sides.

“While there was a 20 per cent increase in basic wages, there was almost 40 per cent more money outflow from Malaysia last year.

In theory, this law is supposed to help the oil palm industry become more productive. In reality, planters are badly hurt.”

He pointed out that in 2012, foreign workers in the agriculture sector remitted around RM8 billion.

“After the minimum wage policy was implemented, foreign workers sent back around RM11 billion. This year, Mapa estimates the figure to surpass RM15 billion.”

Mohamad said planters are facing higher production costs due to costlier fertiliser, higher foreign worker recruitment fees and higher fuel and utility costs. There are also various fees and tax hikes.

Oil palm planters are already paying corporate tax, service tax, sales tax, windfall profit levy, crude palm oil export duty and import duties on agricultural tools and machinery.

They also have to pay cess of RM13 per tonne to the Malaysian Palm Oil Board.

Mohamad said the bleak outlook is compounded by Bank Negara Malaysia’s recent rate hike, which means costlier bank loans.

Oil palm planters are also at the mercy of the world commodity markets. If palm oil prices were to drop below RM2,000 per tonne, some planters will lose money.

“Many of our planters borrow money from the banks and issue bonds, of which bankers and insurance companies are subscribers.”

Depending on the year of planting, Mapa calculated that palm oil production cost of these heavily-geared planters ranges between RM1,300 and RM3,000 a tonne.

“If palm oil prices were to fall below RM2,000 a tonne, some planters may face difficulty in repaying the loans. They will then have to hire fewer workers and there will be less harvest.

“The minimum wage policy works best if commodity prices are on the uptrend, not when prices are falling,” he said.

As the government seeks to review the minimum wage policy at the end of this year, planters are appealing for a more judicious implementation.

“We are not opposing the minimum wage law. It will be more practical if the government amends the RM800 and RM900 per month minimum figure to that of take-home pay instead of basic rate. This will streamline the Minimum Wages Order 2012 to the main thrust of existing labour laws.”

Mapa represents about 200 plantation companies in Peninsular Malaysia with estates spanning 700,000ha. These planters employ some 125,000 workers in the fields, of which 80 per cent are foreigners.

Meanwhile, Malaysian Palm Oil Association (MPOA) chief executive officer Datuk Makhdzir Mardan concurred that oil palm planters are enduring the financial burden under the spectre of the taxes and new ones to be introduced.

“For every RM1 we earn, we have to pay almost 45 sen in taxes to the federal and state governments.”

Planters are not required by law to provide accommodation, schools, clinics and places of worship but many MPOA members do so as part of their corporate social responsibility.

“When you factor in amenities such as housing, water, electricity, medical care, transportation, etc, it amounts to about RM450 per worker per month.”

He said the new Property Assessment Tax of between RM5 and RM100 per hectare imposed by local authorities is painful on members.

“If the public think what is happening to oil palm plantations has no bearing on their savings, think again.”

Makhdzir said when planters experience severe profit erosion, the man in the street will inevitably feel the impact.

“Pension funds, such as the Employees Provident Fund, are all heavily invested with plantation companies.

He said Permodalan Nasional Bhd, the country’s biggest fund manager, and pilgrims fund board

Posted by Ring > 2014-08-04 19:32 | Report Abuse

....LTH derive a big chunk of dividends from palm oil earnings. If palm oil earnings shrink as a result of a "less tgought out" minimum wgs law, pension n unit trust funds with big stakes in plantation companies may not be able to generate as much dividend as before.

Posted by Ring > 2014-08-04 19:53 | Report Abuse

Lets get to d bottom of d issues b4 one start accusing d govt of minimum wage policy. Working in plantation in not like life in urban area,it is life of suffering, torture, miserable etc to earn d wages therefore they deserve d higher wages. The govt instead of burdening by taxing n other related costs should be waved n attention should be focussed on d root cause of d problem.Here we r not comparing apple to orange but apple to apple, if KLK n UP can pay dividend almost 100% n their share between 25-30, why GLC companies pay dividend around 25% because their yield n inefficient management are producing low yield.All listed companies should submit their annual yield statistics to d govt to study n intervene. If higher yield more profit therefore govt gets more revenue.Where estate r near to d kampongs, if d labour qtrs n their welfare r well taken they obviously willing to work. Labour officers should play their part by going n personally look into d plight of d workers not support capitalist.For a start all estates their annual yield should not be lower then 24mt of fruit per ha/annum. I hope d author of d report take note of my comments.

Posted by joerakmo > 2014-08-04 20:24 | Report Abuse

Difference is in the yields and efficiencies.Wind back the clock and look at Indon Astra group.In the early days Astra board has only 3 Indonesians and now promotes from within; Whereas Sime Board has long been filled with politicians.Its simplistic and harsh but they both have similar roots.

Posted by Ring > 2014-08-05 14:52 | Report Abuse

KUALA LUMPUR (Aug 5): Malaysian palm oil futures fell in thin trade on Tuesday, tracking losses in overseas soyoil markets, with uncertainty about bigger global edible oil supplies keeping prices stuck in rangebound trade.

Posted by Ring > 2014-08-08 10:17 | Report Abuse

KLSE : UTDPLT UNITED PLANTATIONS BHD
Last Price Today's Change Day's Range Trading Volume
29.00 +0.50 (1.75%) 29.00 - 29.00 100

Posted by HYYUAN > 2014-08-08 14:04 | Report Abuse

SIME 29/8/2014 DIVIDENT 0.27(S)

Posted by Ring > 2014-08-09 12:37 | Report Abuse

SINGAPORE: Malaysian palm oil futures dropped to a one-year low on Friday with the market on track for a fifth week of declines in six as expectations of higher production pressured prices.

The Malaysian Palm Oil Association, a group of growers, estimated that palm oil production in the world's second largest producer, rose 6.9 percent to 1.68 million tonnes in July, traders said. This is above a Reuters forecast of 4.9 percent growth.

The benchmark October contract on the Bursa Malaysia Derivatives Exchange closed down 0.8 percent at 2,235 ringgit ($697) per tonne. Traded volume stood at 39,121 lots of 25 tonnes. Earlier in the session, it fell to 2,231 ringgit a tonne, the lowest since Aug. 12 last year.

Posted by Ring > 2014-08-11 19:39 | Report Abuse

Plantation stocks like Kuala Lumpur Kepong Bhd and IOI Corp Bhd may come under focus as the Malaysia Palm Oil Board (MPOB) announced that Malaysia crude palm oil (CPO) output beat market forecast, as it rose 6.11% month-on-month to 1.67 million tonnes in July, from 1.57 million tonnes last month.

Posted by Ring > 2014-08-12 14:22 | Report Abuse

“I may be wrong but I think Khazanah’s 100 percent ownership of MAS will not be much different from its 70 percent ownership. We are going to see a lot of new people who will receive huge salaries, allowances and bonuses and not much else. That I believe is how Khazanah operates,” Mahathir said.

Posted by Ring > 2014-08-13 13:49 | Report Abuse

PETALING JAYA: The fortunes of oil palm plantation companies in the second half of this year are uncertain given the volatile crude palm oil (CPO) prices amid escalating domestic palm oil stockpile, which is slated to re-visit the historic high of two million tonnes by year-end.

Posted by Ring > 2014-08-19 12:31 | Report Abuse

KUALA LUMPUR (Aug 19): TA Securities has downgraded plantation behemoths Kuala Lumpur Kepong Bhd (KLK), Sime Darby Bhd and Felda Global Ventures Holdings Bhd (FGV) as it expects lower average full-year price for crude palm oil (CPO).

Posted by Ring > 2014-08-22 12:12 | Report Abuse

X
Ring When d hot weather starts n if it persists for a few mths pollen dries n less pollen to germinate to become fruits which is called "el nino".From my experience say d yield is 20mt can drop to 17mt not only that d oil extraction rate (OER) also drops..if OER have been 21% can drop to 16%. So there is double blow, d price of oil may go up due to short supply but makes less difference to d companys' profit...so nothing to shout about if oil price goes up.Who is causing el nino those who r chopping trees.As i have said earlier instead of cutting more trees work hard, establish a research station n try to improve d yield in d existing planted land..an excellent fine example r living legends UP.... Price of share 25-30 n dividend 100%.
22/08/2014 12:11

Posted by Ring > 2014-08-23 12:11 | Report Abuse

Palm oil tumbled below RM2,000 a tonne for the first time in more than five years as forecasts for a record US harvest of soybeans used to produce an alternative oil threaten to curb demand. Futures dropped as much as 2.5% to RM1,989 on the Bursa Malaysia Derivatives, the lowest level since March 2009, and closed at RM2,000.

Posted by Ring > 2014-08-24 17:14 | Report Abuse

Monday plantation stk up.

Posted by sapenmackey > 2014-08-24 22:37 | Report Abuse

Ring, how you know plantation will go up? Any idea

Posted by Ring > 2014-08-25 13:04 | Report Abuse

Interim Dividend

UNITED PLANTATIONS BERHAD

EX-date 08/09/2014
Entitlement date 10/09/2014
Entitlement time 04:00:00 PM
Entitlement subject Interim Dividend
Entitlement description An Interim Extraordinary Special Dividend of 75% or 75 sen net per share for the year ending 31 December 2014
Period of interest payment to
Financial Year End 31/12/2014
Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no Mr. A. Ganapathy
United Plantations Berhad
Jendarata Estate
36009 Teluk Intan
Perak
05-6411411
Payment date 25/09/2014

Posted by Ring > 2014-08-25 13:04 | Report Abuse

Only UP not other oil pam counters.

Posted by aatzer > 2014-08-25 15:45 | Report Abuse

Recall that Reuters had on 15-Aug-2014 reported that Indonesian lawmakers are looking to restrict foreign ownership of plantations to no more than 30% (from the current 95%). Subsequently, we gather that the latest news on 22-Aug-2014 which points towards more nationalist policy in Indonesia and the proposed restriction is extended to the insurance industry besides the plantation industry. While we do admit that the possibility of whether these proposals may be passed is still a question mark, we are now taking a view that the intention to limit foreign ownership in Indonesian do exist and would eventually materialize in the long-term. Hence, we believe that it is prudent to incorporate such risk in our valuation on planters with significant exposure to Indonesia by assuming lower Fwd. PE valuation. As a result, we have downgraded both CBIP (New TP: RM4.85; Old TP: RM5.60) and TSH (New TP: RM3.40; Old TP: RM4.00) to MARKET PERFORM (from OUTPERFORM). IJMP (New TP: RM3.50; Old TP: RM3.75) is downgraded to UNDER PERFORM (from MARKET PERFORM). TP has also been reduced for SIME (New TP: RM10.10; Old TP: RM10.35), KLK (New TP: RM23.80; Old TP: RM25.00) and GENP (New TP: RM9.55; Old TP: RM9.70).

Posted by aatzer > 2014-08-25 15:46 | Report Abuse

SINGAPORE (Aug 25): Palm oil may fall further into a range of 1,950-1,968 ringgit per tonne, driven by a powerful wave 3.

This is the third wave of a five-wave cycle that started at the June 25 high of 2,511 ringgit. Based on the length of the wave 1, a Fibonacci projection analysis reveals a weak support at 1,998 ringgit, the 338.2 percent level, which looks vulnerable in view of the speed and the momentum of the fall over the past few days.

Most likely, palm oil will keep on falling to the range formed by the 361.8 percent and the 376.4 percent projection levels. Strategically, the target range will be confirmed when palm oil drops below its Aug. 22 low of 1,989 ringgit. - Reuters

Posted by Ring > 2014-08-26 19:40 | Report Abuse

KUALA LUMPUR: Datuk Seri Najib Razak has called on companies to emulate international best practices with the inclusion of diversity policy.

The prime minister said this could be done by disclosing workplace demographics that incorporate gender, ethnicity and age.

Speaking at the Business Leaders Dialogue here today, he said this comes on the heels of a circular issued by Bursa Malaysia in July, requiring listed companies to disclose their diversity policy for board, management and workforce in annual reports issued after Jan 1, 2015.

Najib pointed out that Sime Darby Bhd would be the first Malaysian company to adopt integrated reporting by 2016.

The Securities Commission is working with professionals and the industry on the adoption of integrated reporting to help build a stronger culture of sustainability within the corporate sector.

The second edition of Business Leaders Dialogue, organised by the Economic Planning Unit and the Securities Commission, is attended by 40 corporate leaders from top public-listed firms and government-linked investment companies. -- BERNAMA

Posted by Ring > 2014-08-26 19:51 | Report Abuse

KULAIJAYA: A group of about 800 employees of a company here staged a strike outside HDD Technology Sdn Bhd building Kulaijaya by throwing stones and burning a vehicle after the group claimed that they were mistreated at the work place......this is may happen becoz its their culture which is not ours, we r more peace loving.All oil plantation companies shd strive hard to increase the yield n part of d profit to be given to d workers being win win situation.

Posted by Ring > 2014-08-26 19:56 | Report Abuse

The ministry should ask all listed oil palm companies to submit their annual yield/ha/annum for d ministry to study n evaluate each company n d bench mark shall be UP performance. Every estate is submitting d KPI n still getting fat bonus?...as i hv said earlier if eststes dont get yield above 25 it may be a doomsday for oil palm plantation companies...on d double please.

Posted by Ring > 2014-08-28 11:50 | Report Abuse

UTDPLT 28.00 +1.08 8

Posted by Ring > 2014-08-30 16:01 | Report Abuse

KUALA LUMPUR: Sime Darby Bhd’s earnings slipped nine per cent to RM1.19 billion in the fourth quarter ended June 2014 from RM1.31 billion a year ago as the conglomerate braved challenges in the muted global economy.

In its filing to the stock market yesterday, the group noted its revenue had similarly dipped by two per cent to RM12.51 billion from RM12.75 billion a year earlier.

Sime Darby president and group chief executive Tan Sri Mohd Bakke Salleh attributed the lower earnings to “challenging global business environment” with profits of the group’s three divisions dropping between 45 and 73 per cent.

Posted by Ring > 2014-08-30 16:06 | Report Abuse

I foresee drop in palm oil price a couple of yrs n for this reason like a broken record i have been telling that they should work hard n increase d yield from d current 20mt to 25mt to attract shareholders. They dont talk about it...you dont improve d yield then its doomsday.

Posted by L. C. Chong > 2014-09-03 21:29 | Report Abuse

SIME Analysis:-

http://lcchong.wordpress.com/2014/09/03/sime-fundamental-analysis-3-sep-2014/

Posted by Ring > 2014-09-04 16:49 | Report Abuse

Yes! Sime should become a pure planter n compete with UP in efficient field management. Reduce paper work n emphasise on field supervision.Let me ask one simple question with all d unnecessary paper work have your yield improved. Internal auditors also wasting time with paper, they too should do field audit n use present technology, take video of d field n that shall be d audit report. Every manager submits d annual KPI has d yield improved. Field maintenance cost (weeding) should be analysed against d actual condition of "field video report". The field got to be clean n when fertiliser applied it goes direct to d palm not to make weeds healthy. Another very important area when fertiliser applied, there should be 100% audit supervision.Take one particular estate with 100% audit supervision n compare d sudden hike in yield..all I want to see Sime shares spiking like UP thats all becoz i love Sime being my ex-employer.

Posted by Ring > 2014-09-05 13:59 | Report Abuse

Ring Basically to my knowledge got to do with Klci very weak, one reason palm oil price very low.I have been emphasising if plantation companies don't improve d yield then its a doomsday for oil palm plantation.UP share price almost rm30 n their yield is more then 25mt n field costing is low with good field management.Its time Govt look into this area d Ministry should introduce KPI for a start to all GLC oil palm companies. Cutting of trees for future development of oil palm should be stopped instead concentrate to improve d yield using UP as a bench mark.If price keeps dropping below 2k good for diesel business but share prices will drop affecting market capitalisation of our KLCI... But if d yield increases then there is check n balance.End of d day industry will survive but company have to start cutting cost...may be d manger pay from 10k to 3k n so on n so forth "change reaction" n probably one month bonus. Does ppl realise this?????
05/09/2014 13:57

Posted by Kian Leong Lim > 2014-10-09 15:08 | Report Abuse

Uncle Sime-Darby, prediction is always wrong because Allah (God) doesn't like people to predict things like there is free lunch in life. You are in fact jeaopardizing our ability to make money by making prediction of RM2300-2400 for palm oil in the 4th quarter, making Allah angry. Allah doesn't like anyone to be smarter and I hope you can next time please (I beg you) to keep Allah's job for Allah to do. For our sake, uncle Sime-Darby, could you please don't mess around with Allah. It is not a fun thing to do.

Posted by Ring > 2014-10-13 18:18 | Report Abuse

TSH aims to raise FFB output in Indonesia to 30pc
13 OCTOBER 2014 @ 3:44 PM

PETALING JAYA: TSH Resources Bhd expects its fresh fruit bunches (FFB) production in Indonesia to increase further to 30 per cent per annum over the next five years.

Posted by Ring > 2014-10-13 18:20 | Report Abuse

According to Maybank Kim Eng Research, TSH Resources achieved the best crude palm oil yield for 2013 at 5.3 tonnes per ha, boosted by its high FFB yield of 25.3 tonnes per ha and oil extraction rate of 21 per cent.

TSH Resources bagged the 2013 best stock performance and 2014 highest profit growth awards evaluated by The Edge Billion Ringgit Club.

Posted by Ring > 2014-10-13 18:28 | Report Abuse

21% oil extraction rate (OER) is low with todays modern oil mill.When d fruit is harvested d bunch falls to d ground n d loose fruits r spilled on d ground n every loose fruit must be collected. During my working days in d early 70s' manager "whiteman" one loose he spots on d ground d field supervisor gets a warning letter or sacked n used to get 24% OER with d olden oil mill.Poor mill supervision also lead to wastage n reduce OER but end of d day is common sense,supervision n no laziness please.

Posted by L. C. Chong > 2014-10-23 21:22 | Report Abuse

SIME analysis - http://lcchong.wordpress.com/2014/10/23/sime-fundamental-analysis-23-oct-2014/

Posted by Ring > 2014-10-24 09:12 | Report Abuse

KUALA LUMPUR: Crude palm oil (CPO) futures closed higher yesterday amid concerns over production difficulty due to seasonal cycle, a dealer said.

Besides that, he said the positive sentiment in the soy oil market also helped support the commodity's prices.

Posted by ring > 2014-10-25 15:55 | Report Abuse

Measures To Manage Palm Oil Stockpile

16 hours ago

FOR the plantation sector, will zero CPO export duty help the industry as a whole?...from Starmobile.....@Ring....palm oil price @ 1900 can be disposed for biodiesel plant which is intact.The economists @ this conference r not sure of what they r talking or trying to sweep d truth under d carpet.Those giant plantation companies yield is only 20mt n d industry can collapse @ this yield.We have living examples like UP/KLK/IOI whose yield is above 23mt.What r they doing to increase d yield which shd be widely spoken by d top economist of d country. Govt is loosing plenty of revenue by abolishing export duty until Dec... the high yield will help to cushion d situation.Any expert economist or media writers shd elaborate on this...tks.

Posted by Ring > 2014-10-30 09:53 | Report Abuse

KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives rallied for the second consecutive day, influenced by positive comments from industry expert Thomas Mielke.

Phillip Futures Sdn Bhd derivative product specialist David Ng said Mielke predicted CPO prices would hover between RM2,300 a tonne and RM2,500 a tonne in the first quarter of 2015.

Posted by tjhldg > 2014-11-02 23:24 | Report Abuse

what going down must go up :)

Posted by Adamolittle > 2014-11-03 15:49 | Report Abuse

Grrrrrrrr

Posted by Adamolittle > 2014-11-03 15:53 | Report Abuse

Great comments and clearly shows troubles the nation is going through in the Palm Oil industry.. Time for Allah to help out.

Posted by Ring > 2014-11-04 12:08 | Report Abuse

We were created by god to do our duty so how god going to save u if don't belief in duty.All of us r duty bound n if we fail in our duty u cannot go to heaven enshrined in d great hindu mythology (Ramayana). Now very clearly u can see d implications.If d parents don't bring up d children properly..what happens, country goes into chaos n if d police, judges,teachers etc don't do their duty what happpens?There a million over hectares in d country with yield below 20mt n these companies stock prices cannot sustain but if their yield is more then 23mt..well u can see d price of UP/Klk n i hv spoken in detail d implications in this forum.During d Asian crisis Palm oil saved our economy but now crude palm oil not able to sustain d fall crude oil of our Klci.

Posted by Ring > 2014-11-04 18:15 | Report Abuse

The Prime Minister called on all Government-Linked Investment Companies (GLICs) and GLCs to step up their effort to ensure that they graduate from the GLC Transformation Programme wıth “dıstınctıon” in 2015.

Posted by Ring > 2014-11-05 08:38 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2014/11/05/CPO-recovery-continues-Commoditys-price-may-hit-RM2500-by-first-quarter-of-next-year/?style=biz