Quite natural after few days on the uptrend, their are few that would take profits with buying and selling ration 5:6. Quite healthy. It would start on the uptrend again next...
UPDATE 1-MALAYSIA'S FGV SAYS CRUDE PALM OIL OUTPUT TO WORSEN IN Q4
11/17/2020
KUALA LUMPUR, Nov 17 (Reuters) - The world's largest producer of crude palm oil, Malaysia's FGV Holdings Bhd (FGV) , warned on Tuesday that its fourth-quarter output would be hit by uncertainties over the weather and curbs to limit the spread of the coronavirus.
The Malaysian benchmark has rallied 18% over the period from July to September and crude palm oil (CPO) is now trading at 3,327 ringgit ($810.57) per tonne on lower than expected production and tightening supply.
"We expect both fresh fruit bunches and crude palm oil production in 4Q FY2020 to be impacted by weather uncertainties and partial lockdown in Sabah," Haris Fadzilah Hassan, FGV's group chief executive, said in an exchange filing.
All indications show positive signs. Buying and selling activities were very healthy with RSI 73.8%. It has to break 0.95 and 1.44 convincingly before moving further north. When one remain steadfast, not panic, one would be able to taste the fruits of investment. Investing is your choice...
Really siao liao ( crazy) Whole world entering recovery mode era mean hyper inflation time has come Better grab some jtiasa as Sarawak is the best location /strategy to plant palm
Sep Net Profit- RM34,844 With the current CPO price RM3,500, lets forecast Dec result to maintain at RM35,000. Mar 2021- RM35,000, Jun 2021- RM35,000.
The whole year profit will be RM139,844,000. With the current share price 0.925, the PE ratio is only 6.44 which is definitely undervalued.
With the 8 years record high CPO price and Jtiasa average 11-year-old Prime tree, the more reasonable PE should be more than 10. PE 10 the share price should be 1.44 which still has a 56% uptrend.
Furthermore, Malaysia and Indonesia government already stop issuing Palm Oil license a few years ago. Hence, high opportunity the share price will touch 1.50 within H1 2021.
What it means Hyper-inflation era coming? C ing depreciation of MYR against USD will benefit for those export industries esp palm Dec 2020 likely hitting RM 4000 / tonne
4k / tonne is just beginning Chun chun called by sifu 'Calvin'
I just chatted with few customers who own palm estate. According to them main concern is not EITHER affected by output reduced ( production reduced by 20 - 40% lesser) or Rainning ( La Nina)
The above 2 reasons causing income lesser but already covered by hiking FCPO now seemed RM 7xx / tonne, so far OK.
The real concern came as their estate location flooded after heavy rain. They cannot bear their fresh bunch till all spoint ( 100% lost) But just benefited my 1 loyal customer who own his estate alongside main road near Perak. Laughing all the way to the bank!
FY21 Q1 326,209 221.10 M 34.84 M FY20 Q4 238,549 139.26 M (36.11 M) FY20 Q3 173,388 144.59 M (45.92 M) FY20 Q2 273,559 186.91 M (7.26 M ) FY20 Q1 425,801 232.53 M 15.77 M
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
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
46,684 posts
Posted by Mikecyc > 2020-12-02 13:10 |
Post removed.Why?