Aiyaya.... is time to buy more lo. Wait what o??? Buy till no money borrow money also must buy, this one confirm fly one although low production, cpo price nice ma, what are u guys waiting for??? Who sell the share? Rugi banyak lo....
Most traders will only start chasing plantation stocks when they announce their Oct- Dec 20 quarterly result in Feb2021. By which time the savvy funds have collected plenty and waiting to buy even more. The time to buy is now when it's still cheap in the current bull run on CPO prices, cheers.
BTW, a majority of JTiasa's palms are in prime age, thereby giving higher yield per hectare. This will translate to higher oil production and record profits, cheers.
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..!!
I said it before and I am going to say it again. Buy whatever you could afford to pickup and hold. When the price dip, buy so, you don't have to chase when it runs... This is Not a speculative counter. Hold for medium term at least. Along the way, you would certainly get distractions to cause panic & fear..... For the Wave to hit High, it has to go low to pick up the momentum... If you style of Cut Loss at Low and Buy at High is not applicable to this Good stock.
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
46,680 posts
Posted by Mikecyc > 2020-12-22 15:21 |
Post removed.Why?