FGV expects CPO to trade between RM2,500 and RM2,600 per tonne in 1H21 TheEdge Tue, Nov 17, 2020 04:47pm - 13 hours ago
KUALA LUMPUR (Nov 17): FGV Holdings Bhd expects crude palm oil (CPO) to trade between RM2,500 and RM2,600 per tonne in the first half of next year (1H21), slightly lower than the average of about RM2,747 per tonne seen from June to date.
While FGV CEO Datuk Haris Fadzilah Hassan noted that the forward prices for the next six months until May 2021 are very strong, until reaching above RM3,000 per tonne, he said the group is sticking with its forecast range.
“We have our own views with regards to how the numbers will pan out, taking into account the issues of supply and weather conditions. It is a forecast that we are working on 18/11/2020 7:02 AM
This is normal...
He does not want to set too much expectation.
Next coming Fourth quarter Q4 results will be even better, viewing current CPO price is about to break at RM 3,500 level soon.
October production drop a lot, if not really is good to hold. Now hope this month production can increase then can buy in again, if not just same only due to low production even though cpo price is good
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.
Why all keep talk about the cop price but nobody explain on the production, I know cpo price is very good now, but low production also useless right? Or can anyone explain on it? Tqvm
Beware Jtiasa cut its stake in rimbunan swait at loss.....Jtiasa cost was 50sen, acquire in 2015 but dispose open market at 20-28sen. Loss of disposal + re-measurement will erode Jtiasa result on top of continue timber loss making.
For pure upstream CPO stock, focus on Boustead plantation and TH planation
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.
South Korea extends anti-dumping duties on Malaysian plywood for another five years TheStar Mon, Oct 19, 2020 09:10am - 2 weeks ago
With the decision, South Korea will slap anti-dumping tariffs on Malaysian plywood from 4.73% to 38.1%. (File pic shows Malasian plywood quality tests before exporting)
TOUGH TIME FOR PLYWOOD MANUFACTURERS IN MALAYSIA 11-03-2020
Malaysian plywood manufacturers have lost market share in Japan, their key export market, due to stiff competition from Indonesian suppliers and the sharp increase in local production of plywood from domestic softwood resources.
Statistics from the Sarawak Timber Industry Development Corp. (STIDC) reveal that Sarawak plywood export volumes fell to about 1.12 million cubic metres, worth RM2.26 bil (FOB), in 2019 from 1.43 million cubic metres (RM3.03 bil) in 2018 and 1.74 million cubic metres (RM3.27 bil) in 2017
When sending logs, sawn timber, plywood or wood pellets to South Korea (Republic of Korea), you must submit documents that demonstrate the wood products were legally harvested. From 1 October 2019, no exceptions will be allowed.
Documents Korea will accept Certificates that meet the new Korean requirements are those issued by the: FSC (Forest Stewardship Council) PEFC (Programme for the Endorsement of Forest Certification).
Mickey talk negative til sky fall down but can't hide fact that if one follow calvin call to buy jtiasa at 70sen , today can take profit at 89sen already mah, 27% profit mah!
Mickey lengthy karangan got zero value add to forumer mah! Only 害人害己!
Yes, time is precious, stupid to talk bad on a stock day and night just to 害人害己!I hope mickey can realize this and swing back to positive state of mind......
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
46,690 posts
Posted by Mikecyc > 2020-11-18 09:22 |
Post removed.Why?