Just take a look as recent as dec'19 to early jan'20 before the covid outbreak, JTiasa recorded a quarterly profit of RM16mil after 3 consecutive quarterly losses and that itself was sufficient to propel the stock to above RM1.
In comparison, JTiasa has recorded 3 consecutive quarterly profit growth from RM19mil to RM51mil while anticipated to have at least another quarter profit growth given the elevated CPO.
Dont hesitate to SAPU AT ALL COSTS next week if price come near $0.840 again. Dont get cheated-out just for nasi lemak monies. If, kena wash-out , you are un-able to buy back at your previous cost.
Russia invaded Ukraine, prices of fuel and essential commodities like palm oil will go up. In indonesia, palm oil is scarce even with the holding back of 20% exports
JTIASA heavily in overbought position and its RSI hit to historical high at 85.08% Be alert it may face heavily profit taking after the season report is going to ending on 28/02 /22
The chart has already worn a red signer for several weeks it show they have already heavily overbought,don't chase at a highest price or they they curse you later Try to take a good profit as soon as possble
As long as the CPO price is above RM 4500/metric tonne,all the pure oil palm players bound to make profit however badly they are managed.The ones with good acreage i.e. above 200k will make increasing profit qtr on qtr where else those with maximum mature trees will continue making unbridled superb profit...just buy/accumulate and keep it...no other counters/industry presently listed in bursa has such massive potential of making continuous gains in the near term with the rare exception of some blue chip counters that are 10 - 20x pricier than the mid cap palm oil counters.Very soon one will see the shifting of fund to all these counters...and there will be a steady surge in price albeit a little pull back every now and then...but the palm oil bull has just started to moo.. wait for its full and unshackled charge...even the pariah counter will rise by 10x.
Keep buying because a certain old man will soon come into the picture and lauch a litany of rosy write-ups about the virtues of oil palm counters.Probably his point of entry will be Jtiasa.He may have started accumulating the shares.
Hehe, déjà vu of Supermax bull run. The old master might just retrieve the JTiasa articles written 9 years ago & recycle the story with some updates on the graph.
10 years ago Jtiasa was at RM 3.50 and cpo price around 4K +- Todate cpo price at 7K ATH What price Jtiasa will be? Your guess will be as good as mine if you got confidence
As long as CPO price stays around RM4500/metric tonne,most if not all the producers will enjoy moderate to good profit though fertiliser prices may go north [ assuming Crude Petroleum on the upswing ].
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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....
OTB
11,528 posts
Posted by OTB > 2022-02-23 20:26 | Report Abuse
All plantation stocks are releasing good quarter results.
Hope to see a super bull run on palm oil stocks.
Thank you.