There will be a good push in term of price and please start your car engine and you may stop anywhere you like. There is a good pattern of reversal in the chart. :)
Top 10 reasons why Palm oil stocks will go into a bull run
1. China hit by 3 massive typhoons in its North-West. Heilongjiang the bread basket of China has been flooded. It's soybean crops are destroyed
2. As a result China must buy soybean from Usa.
3. Last year China swine fever wiped off many pigs. Soybean is also needed as feedmeal for pigs
3. Us now in drought as soybean production is less.
4. Argentina and Brazil soybean crops won"t be ready until Feb 2021
5. So with increasing demand and dwindling supply soybean prices are rocketing upward
6. Soybean going up will pull up palm oil as their prices are co-related
7. India now will turn to cheaper palm oil as soyoil becomes too expensive
8. Malaysian palm oil stocks are depleting due to lack of Indonesia workers due to mco Again less stock means higher prices
9. Last quarter result of March to May cpo prices were weak. Buy cpo prices have surged from June to August quarters so palm oil stocks are expected to report very good results in Nov 2020
10. Best of the best now in Sept 2020 soybean oil has almost reached Usd35.00 and Cpo future going to cross Rm3,000 barrier
All these converging factors will propel palm oil stocks into bull run just like coronavirus powered up medical gloves
Buy early before others are aware
Bplant Wtk Jtiasa Tdm Mhc Cepat Hs plant Chinteck if you can hold longer term
Because if soybean price is up it will be more expensive for soy oil
And India cannot afford to buy expensive soybean oil will then buy the cheaper palm oil
And if demand for palm oil goes up so will be its selling prices
That is why China after 5 typhoon got to buy up all corn and soybean from world markets in panic
This will last for at least 6 months till next soybean harvests from Argentina and Brazil in the southern hemisphere while the North is going into winter months
And then palm oil will reign as king as there is no competing vege oil around
Palm oil stocks will go into a 6 months Bull run from now
It might turn into a Superbull if Both Argentina and Brazil soyoil crops fail due to drought
So just buy and hold all palm oil stocks for at least 3 to 6 months
This is a sure fire winner for holding precious palm oil shares now.
Recently, RSawit sold two loss making estates due to low yield per hectare. The sales proceeds will be used to retire some of the borrowings and invariably result in interest saving. The management is quietly confident of a turnaround after the bad ones have been disposed off coupled with good CPO prices currently. Their action of reducing the accumulated losses from the books is a precursor in franking out dividends once they're back to profitability. If CPO prices can sustain above RM3k per ton, RSawit will be able to record decent profits. Stay invested on the recovery story, cheers.
21-Sep-2020 Insider MULTI GREENVIEW SDN. BHD. (a substantial shareholder) disposed 4,000,000 shares on 18-Sep-2020. 21-Sep-2020 Insider TIONG TOH SIONG HOLDINGS SDN. BHD. (a substantial shareholder) disposed 4,000,000 shares on 18-Sep-2020. 21-Sep-2020 Insider TAN SRI DATUK SIR DIONG HIEW KING @ TIONG HIEW KING (a substantial shareholder) disposed 4,000,000 shares on 18-Sep-2020. 21-Sep-2020 Insider JAYA TIASA HOLDINGS BERHAD (a substantial shareholder) disposed 4,000,000 shares on 18-Sep-2020. 21-Sep-2020 Insider MR TIONG CHIONG ONG (a company director) disposed 30,000 shares at 0.310 on 18-Sep-2020.
Major shareholders has been selling some shares in open market for pocket money. They're still holding very substantial stake of more than 50%. In fact, if they want to sell out, it will unlock the value of the plantation assets. A better management will be able to do justice for the oil palm estates and minorities can cash out for a fair price, cheers.
How can Rimbunan Hijau becoming a lost making company ? Allocated vast lands in Sarawak for Oil palm planting.. Why SOP can do better ? I say this little, only.
The year was 1996. The Asian Stock Markets Were in the Hottest Euphoria. Amost every one was enjoying increasing profits. Many have resigned from their jobs to do full time trading in the stock market. Stock market tips and conversations were the order of the day. Everywhere in offices, homes, coffee shops, markets, eating places people talked only about the next “Limit Up” stocks.
In every trading Hall or Room there is no available seats. In RHB Bank HQ there isn’t even standing room. Cramped, jammed and packed with traders and specualtors from all walks of life. It Was The GoGo Years Before The Asian Financial Crisis!
One man stood out. Peter Lim of Singapore. He sold all his shares near the very peak and bought into just one counter – WILMAR the Plantation Stock.
On hindsight it was an uncanny but very accurate move. Next year in July 2nd 1997 George Soros attacked the Thai bath. The Thai bath collapsed and then contagion spread to Malaysia, Singapore, Hk, Korea, Indonesia – One by One Their Stock Markets Collapsed like tent pins.
At the height KLSE was 1332 and at the bottom it was only 262 points – A Crash of 81%
Nobody fully invested could have escaped such a carnage. It was a disaster for many. Tens of thousands went bankrupt. Many Banks & Financial Institutions were insolvent. Before the Asian Financial Crisis there were 49 Banks and Credit Companies in Malaysia. With the devastating carnage less than 10 Banks now standing. The rest became history.
Tycoon Peter Lim invested $10 millions into Wilmar – the plantation stock owned by Robert Kuok.
How come Peter was so “chun chun”? All $10 millions into one single stock. And he was right on target. Four years later in 2,000 Peter Lim “THE REMISIER KING” of Singapore sold his Wilmar shares for a cool $1.5 Billions!
So plantation stock investment if timed well can make you a billionaire!
As for Robert Kuok he became the Richest Man No. One in All of Malaysia with over Rm40 Billions.
Ha! Are we now entering another phase of market doom? Maybe yes or maybe no.
But This Is For Sure:
A POWERFUL EL NINO IS NOW ONGOING
Hmmm?
Let’s SEE if Plantation Stocks will create more millionaires and billionaires this round.
The value of RSAWIT is in the huge plantation landbank that it owns. The non performing ones are being sold off progressively, and this will create positive effects on the profitable units. They also owned 3 palm oil mills to cash in on the current high CPO price. Good entry at current low price, cheers.
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....
bulldog
12,157 posts
Posted by bulldog > 2020-08-26 17:23 |
Post removed.Why?