Some panic selling arising from 5% drop in China market and fear of Covid lockdown in Beijing and other cities. Once the dust is settled, price will resume north again.
Some panic selling arising from 5% drop in China market and fear of Covid lockdown in Beijing and other cities. Once the dust is settled, price will resume north again.
i dont think so this plantation will be super bull sector ...volume for palm oil getting less and less .....no body wants to buy ........see the real market .....dont simply say based on news
Palm Oil is expected to trade at 6632.96 MYR/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 7383.68 in 12 months time. https://tradingeconomics.com/commodity/palm-oil
sometimes just purely looking at price spikes makes us think thats the price for the month, for example when cpo touched RM7000 plus in march, truth is that YTD jan to may the average price is only 5604.... assuming this average is the same for 2022, then earnings will be good.... which is tough, as we can expect price to go lower to adjust against russian ukraine war, weather, etc that made the price go up in the first place.... more likely average price for 2022 will be about 5000 and coupled with minimum wage and low workers for harvesting.... earnings will perhaps revert to what it was in 2021.... just my 2sen analysis
Calvin, no need to ask for dividend. As u said in TSH “ Warren Buffet does not even pay out dividend from his Berkshire Hathaway as he said dividend is taxable
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....
Markv572421
3,402 posts
Posted by Markv572421 > 2022-04-25 14:42 | Report Abuse
Looks many go for take profit ........