Sarawak’s timber exports down 20% because of Covid-19 Goh Pei Pei - November 13, 2020 11:24 AM
KUCHING: Sarawak’s timber exports have dropped by 20% for the first three quarters of the year because of Covid-19, Deputy Chief Minister Awang Tengah Ali Hasan said.
He said the state’s timber exports from January to September amounted to RM2.8 billion compared with RM3.5 billion in the same period last year.
Exports of plywood, the main timber product, dropped by 17% to RM1.5 billion compared with RM1.8 billion in 2019.
Awang Tengah said exports to all major markets, including Japan, India, the Middle East and Korea, have dropped.
The latest logs production figure for Wtk & jtiasa already bottom up & stabilise loh...!!
For example the lowest log production for wtk is dec 2019 at 8628 m3 but in latest oct 2020 it is 12524 m3 up 45% mah...!! Also selling price up 40% mah....!! very powerful gain mah...!!
Likewise Jtiasa lowest production is in Jan 20 at 3003 m3 but in the latest Oct 20 it when up sharply to 14802 m3 a very sharp increase of 393% mah.!
With further high gain in selling price of 40%, u can expect very big improvement in jtiasa
Always look at these very important big changes & improvement loh..!!
Posted by Mikecyc > Nov 20, 2020 11:05 AM | Report Abuse
The latest logs production figure for Wtk & jtiasa already bottom up & stabilise loh...!!
For example the lowest log production for wtk is dec 2019 at 8628 m3 but in latest oct 2020 it is 12524 m3 up 45% mah...!! Also selling price up 40% mah....!! very powerful gain mah...!!
Soyabeam At Latest 11.81....it is at 6 yrs high mah...!! Very powerful mah...!!
Still got chance & room to go to 20 years high at 14.11 mah..!!
Very powerful gain loh...!!
The combination of lumber & palmoil very powerful with high selling price loh...!!
What does this cpo price trend below tell U leh ??
Date Settlement Price RM 3 Dec 20 3332 2 Dec 20 3316 1 Dec 20 3347 30 Nov 20 3305 27 Nov 20 3338 26 Nov 20 3227 25 Nov 20 3285 24 Nov 20 3249 23 Nov 20 3326 20 Nov 20 3288
Ans; Rising CPO price and Rising Profit loh!!
Until Sept latest qtr result cpo average is roughly rm 2600 mah!!
December QTR we will be seeing conservatively Average Price Rm 3200, that is 23% increase in price n this increase revenue will all goes to the bottom line profit as there are no cost applicable to revenue generated from price increase loh...!!
Just imagine if Average palm oil price is Rm 2800, U already see super strong profit loh!! But now we are at above 3500 loh...!!
Can U forecast & project what will palmoil company potential profit at rm 3500 cpo leh ?
Qiu Shou Dong Cang RM0.50 is otw. 07/12/2020 10:08 AM
CORRECT! WILL GO OVER 50 SEN FOR LAGGARD WTK!!
Posted by kelvin61 > Dec 10, 2020 7:48 AM | Report Abuse
Most traders have neglected the super bull run on CPO prices that will bring windfall profits to the Plantation companies. There are still many selling for a song, cheers.
CORRECT!!
FCPO CLOSED AT ABOVE RM3600 MEANS MORE THAN 100% PROFIT FOR ALL PALM OIL COMPANIES
FEB 2021 FANTASTIC RESULTS FOR ALL PALM OIL STOCKS WILL REGISTER HUGE PROFITS
WHY?
ANSWER:
OCTOBER, NOVEMBER & UNTIL DEC 10TH NOW CPO HAS FCPO HAS BEEN HOLDING FIRMLY ABOVE RM3400 TO RM3600
Let's calculate the Feb 2021 figure
October 30 days
November 30 days
December 31 days
Total days of last quarter for 2020 is 91 days
Today is 10th day of Dec
So 2 months & 10 days = 70 days
70/91 = 76.9% of the Feb 2021 results will reflect These Very High Profit months
Even if production of FFB decrease by 10% to 15% the Huge Increase in CPO prices over ride all to Excel
Despite the strong cpo prices, the things pressing it down is the cpo tax implementation, it was already confirmed at 8% now loh..!!
Now with this news already out & behind us, we look at the cpo future & it ranges from jan to august Rm 3800 to Rm 3000, all above the super profitable benchmark price of Rm 3,000 over 8 months.
Thus if u have invested in palmoil stock , you can expert super profit for at least 8 months loh...!!
In addition u need to know, if cpo prices above rm 2,600 u already substantial good margin and profit as most of plantations cpo cost is around rm 1,600 per ton mah...!!
Thus 2021 will be a very good year for palm oil plantation mah...!!
Market is still sceptic about palmoil...it will turn positive optimistic very soon loh...!!
Go in early, do not be late like Johnny come lately mah..!!
EVERY YEAR THERE IS ONE OR TWO THEMATIC BULL THEME
IF WE CAN CATCH IT EARLY & RIDE THE BULL TO ITS PEAK WE WILL DO EXCEEDINGLY WELL WE WILL BE ABLE TO OUTPERFORM IN A FEW SHORT BULL RUNS AND PERHAPS RETIRE EARLY LIKE PETER LYNCH
OF COURSE LIKE WARREN BUFFET MAKING MONEY FROM STOCK MARKET AS A MOTIVE IS LONG OVER IT IS THE JOY, THE ADVENTURE & THE CONSTANT INTELLECTUAL CHALLENGE IN THE ART OF INVESTMENTS THAT CAUSED HIM TO SAY "TAP DANCING TO WORK"
NOW MY HUMBLE OPINION IS THIS YEAR 2021 WILL BE PALM OIL "BULL RUN" WHY PALM OIL WILL GO INTO A BULL RUN FOR YEAR 2021?
ANSWER: BECAUSE CPO PRICES NOW REACHING ALL TIME HIGH WILL AMPLIFY PROFITS AND IF PROFITS KEEP INCREASING IT IS ONLY A MATTER OF TIME COMPANIES WILL INCREASE DIVIDENDS OR REWARD WITH BONUS ISSUES. SO PALM OIL SHARES MUST GO UP AS THIS IS THE LAW!
SOYBEAN OIL GETTING MORE EXPENSIVE PEOPLE WILL GO FOR PALM OIL!! & PALM OIL WILL RISE IN TANDEM AGAIN WHEN ALL THE WORLD MARKETS CLOSED FOR CHRISTMAS FRIDAY - CHINA BEING COMMUNIST STILL TRADE IN DALIAN ALREADY RECORD HIGH FOR BOTH PALMOIL & SOYABEAN MAH...!!
U r actually seeing emerging sign of palmoil share run like the early Gloves run in March to April Rally coming which are very subtle upside b4 it explosively burst out with gains of few hundred % coming at the later stage mah...!!
U need to join the palmoil stock early as this is a safest fruit pickings when there are still abundance in supply loh...!!
ALWAYS REMEMBER TO BUY EARLY BEFORE TOO LATE MAH...!!
Go study the QR.. Can any sifu explain what happen to 20Q3? Current Asset decrease & liabilities increase if compare to 20Q2..Not small figure but swept off all until liabilities exceed asset.
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....
Johnmajor
260 posts
Posted by Johnmajor > 2020-11-16 11:15 | Report Abuse
This is a RM1.80 company but now selling at RM0.50. If I were the major shareholder I would have taken it private.