Posted by Khoojack > 2017-10-03 09:33 | Report Abuse

Hope company can share the success to shareholder, don't just like insas. :p

Posted by enning22 > 2017-10-03 11:08 | Report Abuse

insas involves in too many unprofitable businesses, other then Inari.

Posted by Khoojack > 2017-10-03 11:58 | Report Abuse

But I think insas is too stingy, felt like won't share the profit, even earn a lot also useless. :p

Posted by enning22 > 2017-10-03 12:41 | Report Abuse

up thrust jet engine has been started , SOP IS UNSTOPPABLE.

Posted by Khoojack > 2017-10-03 14:33 | Report Abuse

Absolute agree with u,sop is under value now, hard to set a target price because it keep grow up.

Posted by probability > 2017-10-03 14:35 | Report Abuse

dont value based on land price...palm oil future is dim...

Posted by Khoojack > 2017-10-03 16:02 | Report Abuse

Every people have different opinion, I dunt think palm oil future is dim, downtrend or uptrend are normal cycle only, nobody can predict when it will happen. What I concern and keep monitor is the company management can perform good. I believe the share price should match to the company performance in future.

Posted by enning22 > 2017-10-03 16:07 | Report Abuse

palm oil future can maintain above 2500 rm, it is bright ,not dim

Posted by probability > 2017-10-03 17:17 | Report Abuse

just joking la...

Posted by enning22 > 2017-10-03 17:41 | Report Abuse

China is implementing B5% biodiesel policy, by 2020 that policy will cover the whole country, the estimated figure ,that will consume ,around 9 millians tonnes of cpo .of course that may include other materials ,like biomass, corn etc, as raw materials, but among all these ,palm oil is most competative .With increase demand the future for palm oil definate positive , and not negative as being depicted.

http://www.518bd.com/news/show-2234.html
https://gapki.id/potensi-pengembangan-biodiesel-di-china/

Posted by sunztzhe > 2017-10-03 21:24 | Report Abuse

Strong uptrending stock. Immediate TP@ 4.64. If hit TP, it will go higher

Posted by Myway > 2017-10-03 21:49 | Report Abuse

SOP has good a team in Management. EPS for FY2017 is expected to reach $0.50 . On top of that yield will continue to grow, contribution from the new estates acquired from shin yang and from the younger palms.
Base on PE 15X, share price will be $7.50. If PE is conservatively 12X, share price should be $6.00.
This share should worth anything between $6.00-$7.50.

Posted by luckypunting > 2017-10-04 10:36 | Report Abuse

many investment funds want to buy .... sure will push down it to 4.00 - 4.10 and collect :p

Posted by luckypunting > 2017-10-04 11:01 | Report Abuse

Ha, it pushed down to 4.07 ....

Posted by luckypunting > 2017-10-04 16:20 | Report Abuse

May be UOB want to collect :p

Posted by Jaack1 > 2017-10-04 16:33 | Report Abuse

UOB reported total FFB output from Jan ~ Aug was 827,925MT which is
incorrect. The actual FFB output for this period is 891,093MT.

On 26/4, SOP made announcement in BURSA on amended crop output for
months of Jan, Feb + Mar, I guess UOB missed out on these data.

I presume UOB also use the wrong input data for figures on CPO + PK.
If input data is incorrect, report ta boleh pakai

Just sharing

Posted by luckypunting > 2017-10-04 16:54 | Report Abuse

then someone has collected on the dip :D

Posted by enning22 > 2017-10-04 16:58 | Report Abuse

today holiday for old traditional chinese people --mid autumn holiday

Posted by Why_ > 2017-10-05 12:07 | Report Abuse

CPO up nobody knows?

Posted by enning22 > 2017-10-06 14:55 | Report Abuse

like the old people said,:slow and steady win the race.

Posted by enning22 > 2017-10-07 13:35 | Report Abuse

KLK spends 40 millians to expand oleochemicals (palmOil synthesied chemicals) manufacturing business.If Sop too goes in to oleochemical,the share price will will double in no time.

Posted by limch > 2017-10-10 01:17 | Report Abuse

SOP: An Attractive Plantation Stock
http://nexttrade.blogspot.my/2017/10/sop-attractive-plantation-stock.html

Posted by Myway > 2017-10-10 07:03 | Report Abuse

$6.00 is on the way. The big boost will come when 3Q result is announced in Nov 17.

Posted by enning22 > 2017-10-19 11:52 | Report Abuse

Mistry Cuts Palm Oil Production Forecast, Sees Prices Climbing

Thursday, October 19, 2017 05:00 AM

By Anuradha Raghu


(Bloomberg) -- Palm oil production in the world’s top growers may not live up to estimates after all, according to industry veteran Dorab Mistry.

After boosting Malaysian output estimates this year to between 19.8 million and 20 million metric tons in September, Mistry on Wednesday cut his forecast for the world’s second-biggest grower to 19.1 million to 19.3 million tons. He trimmed his expectations for top producer Indonesia to 34 million to 34.5 million tons from 34.5 million to 35 million tons.

The revisions see world palm oil production rising by only 4.5 million tons this year compared with earlier projections of an almost 7 million ton increase. That may help prices extend this half’s rally as an expected recovery in yields from El Nino missed forecasts.

“Production has not matched our ideas," Mistry, Director at Godrej International Ltd., said in notes for a speech at a conference in Bogota. Output in most of Malaysia likely peaked in July this year and “in Indonesia also, the trees appear to be slowing down in their output in the second half of the year,” he said.

Data from the Malaysian Palm Oil Board show output soared 21 percent in July from June, before declining in August and September. August production in Indonesia increased 5.3 percent to 3.95 million tons, the highest since at least January 2016, and exports surged to the most in at least nine years.

Palm oil exports are "running well ahead of last year," as the tropical oil’s significant price discount to soyoil and sunoil helps stimulate demand and keep inventories in check, Mistry said.

Price Rally

The weak production recovery has led to a lower build-up in inventories and the industry will soon get confirmation that peak stockpiles in Malaysia will not exceed 2.3 million tons by January, Mistry said.

Next year “stocks will decline month after month all the way to July 2018 and we shall have a period of the tightest ever stocks in history,” said Mistry, who has traded vegetable oil for three decades.

Crude palm oil prices in Rotterdam will rise more than 10 percent from current levels to $800 a ton by January, and may climb further to $850 by March if there are no bumper oilseed crops from South America, Europe, as well as Ukraine and Russia.

Malaysia’s production may rise to 19.97 million tons in 2018, Mistry said. That would exceed the record 19.96 million tons reached in 2015. Indonesian output may climb to 36.5 million to 37 million tons.

In Mistry’s other forecasts:

* Chinese palm oil imports will remain strong after rapeseed oil was sold from reserves, funds may lift prices in the first quarter
* India’s 2017-18 edible oil imports seen rising to 15.9 million tons from 15.25 million tons a year earlier, compared with forecast of 15.5 million tons given in September
* World 2017-18 edible oi…

Posted by curious2 > 2017-10-20 18:31 | Report Abuse

CPO output jump 20% YOY. CPO price? Coming Q3 QR what to expect?

Posted by Khoojack > 2017-10-20 22:05 | Report Abuse

Just refer last quarter result EPS is 11.75cent.
June 2017 M.TONNES
FFB 114,006
CRUDE PALM OIL 33,673
PALM KERNEL 6,918

May 2017 M.TONNES
FFB 111,778
CRUDE PALM OIL 34,718
PALM KERNEL 6,861

April 2017 M.TONNES
FFB 104,918
CRUDE PALM OIL 32,779
PALM KERNEL 6,488

Posted by Khoojack > 2017-10-20 22:11 | Report Abuse

We just patient wait for next announcement, cheers. :D
September 2017 M.TONNES
FFB 123,381
CRUDE PALM OIL 35,599
PALM KERNEL 7,430

August 2017 M.TONNES
FFB 123,012
CRUDE PALM OIL36,884
PALM KERNEL 7,374

July 2017 M.TONNES
FFB 124,685
CRUDE PALM OIL 37667
PALM KERNEL 8,029

Posted by limch > 2017-10-23 10:51 | Report Abuse

CPO up.
http://www.bursamalaysia.com/market/derivatives/prices/

Posted by enning22 > 2017-10-23 15:42 | Report Abuse

with higher stock reported by MPOC,yet Cpo price still climbing upward, meaning demand is stronger then expected, by going forward 4th quarter, production would decline some what due to annual seasonal slowdown, Cpo price would go even higher,What a POSITIVE scenario for SOP.

Posted by ivan95111 > 2017-10-25 21:29 | Report Abuse

Palm rises, supported by strong rival oils and Oct export growth
http://www.theedgemarkets.com/article/palm-rises-supported-strong-rival-oils-and-oct-export-growth

Posted by enning22 > 2017-10-27 16:59 | Report Abuse

(some info for reference)
-------------
Beijing has ditched a programme of guaranteed corn prices to curtail further growth in the state’s bloated inventories, while initiating measures to boost demand, including a planned roll-out nationwide by 2020 of E10 – that is, ethanol blended 10% into gasoline.
That implies a large increase in ethanol demand from current levels, with a US Department of Agriculture report overnight pegging Chinese fuel use of ethanol for 2017 at 3.55bn litres, equivalent to 2.2% of the 162.8bn litres of forecast gasoline consumption.
The report also pegged at 70% the proportion of bioethanol produced from corn, with cassava accounting for 25%, and molasses used to produce 5%.
------------------
palmoil not included in the China B10 bioethanol program, however with improved disapperance in corn stock, then would seen less competation coming from corn-oil.

Posted by enning22 > 2017-10-29 04:38 | Report Abuse

Oilseeds market

Oilseeds markets edge higher
The surprise drop in the US soybean yield projection, plus concerns over dryness in Brazil, allowed markets to edge higher, triggering fund buying in the process.
Although funds have almost doubled their long position as of October 19, an improvement in the Brazilian forecast bringing much needed rainfall has pulled soy markets off the recent highs.
Strength had also surfaced from strong export demand, especially from China, where local crush margins remain favourable for bean imports, put at 93.5m tonnes for the season, 1m tonnes above the current US Department of Agriculture projection.
Despite a weaker euro and Brussels citing crop EU planting issues, mainly in the north due to excess rains, MATIF rapeseed has only posted minimal gains, while talk of higher Canadian canola production has seen their market unchanged, but higher in the deferred positions.

Asian markets have been mixed, with beans and meal lower, but oil higher, following the recent surge in veg-oil prices. Malaysian palm oil is currently trading at a five-week high on strong demand.
The market will now focus on the upcoming November USDA crop report, and the soybean yield. US farmers have been pushing on with harvest, reported this week at 70% complete, as the forecast looks to bring cooler weather into the mid-west.

Reports that later planted beans are resulting in yields lower than expected may trim the crop further, and with the likelihood that higher Chinese imports could mean higher US exports, another tightening of the US 2017-18 balance sheet cannot be ruled out.

Posted by limch > 2017-10-30 10:57 | Report Abuse

4.35 new 52 week high. More upside to come with CPO surging?

Posted by luckypunting > 2017-10-30 11:42 | Report Abuse

edging up steadily towards SIX RINGGIT! :p

Posted by limch > 2017-10-30 11:49 | Report Abuse

RM 5 in 2017? Only 2 months left to jump further 65 sen.

Posted by Khoojack > 2017-10-30 17:05 | Report Abuse

李深静预测 原棕油可达RM3,300
30/10/2017

大马棕油业权威丹斯里李深静预测，受到艾尔尼娜天气影响，原棕油价格（CPO）有可能触及每公吨RM3,300高位。

目前原棕油价格是每公吨RM2,750 至 RM2,800之间。

若原棕油价格触及RM3,300，国内大多数种植公司盈利将大增，不过前提是可以维持产量。

丹斯里李深静是IOI集团（IOICORP 1961）执行主席，IOI集团是我国油棕种植面积最大的公司之一。

Posted by rlch > 2017-10-31 10:56 | Report Abuse

4.5. Hopefully can match or better KM Loong price.

Posted by rlch > 2017-10-31 11:55 | Report Abuse

Looking at the rise RM 5 can come even in few days?

Posted by rlch > 2017-10-31 11:56 | Report Abuse

U Malacca price in 1-2 month? Sime Darby price possible if GLCs' buy?

Posted by enning22 > 2017-10-31 12:00 | Report Abuse

SOP should be far far better then KMLoong, anyway KMloong is giving 9 sen interim dividen currently.

Posted by rlch > 2017-10-31 12:05 | Report Abuse

Not SOP cannot give good dividend but interest expense will rise and later earnings drop.

Posted by rlch > 2017-10-31 12:07 | Report Abuse

Even Lotte fetch RM 5+ not paying a single sen dividend yet.

Posted by rlch > 2017-10-31 12:11 | Report Abuse

Sure SOP can give better dividend in future if earnings keep rising.

Posted by rlch > 2017-10-31 12:13 | Report Abuse

Possible EPS 50 sen in 2017? TP RM 8-10?

Posted by rlch > 2017-10-31 12:15 | Report Abuse

Must compare IOI, KLK PE quite fair to see how high can SOP go.

Posted by sarawakian63 > 2017-10-31 16:10 | Report Abuse

4.6 not enough. RM 5 better come before GE 14.

Posted by desmondcsh > 2017-10-31 16:28 | Report Abuse

my god. everyday up. 1 100 lot u also earn alot liao

Posted by rlch > 2017-11-01 10:11 | Report Abuse

Hopefully is temporary profit taking. More and more QR just out eg Gtronic, Perstima, etc; SOP still better at lower PE.

Posted by enning22 > 2017-11-01 10:30 | Report Abuse

Weather will be key as the palm oil industry gathers in Bali
Bloomberg
November 01, 2017 10:13 am MYT
-A+A
KUALA LUMPUR (Nov 1): Some of the world’s biggest palm oil players will meet in Indonesia this week and just like two years ago, the weather will be a hot topic. But instead of the scorch of El Nino, this year the focus is on La Nina.

The conference will feature predictions from industry heavyweights Dorab Mistry of Godrej International Ltd, LMC International Ltd’s Chairman James Fry and Oil World Executive Director Thomas Mielke. Here are the key topics to watch for:

The Long-Awaited Rebound

It’s been a year of two halves for palm oil. After slumping in the first half, futures have rebounded as a much-anticipated recovery in production missed expectations. The shortfall is especially apparent in No. 2 producer Malaysia where output in the second half, typically a high season, has also been stymied by a shortage of plantation workers.

Still, expectations remain that a big supply rebound is on the horizon as plantations finally shake off the lagged effects of the 2015-16 El Nino. Global production may climb by about 6 million tons next year — most of that from Indonesia and Malaysia — and a big question is whether demand will be enough to absorb it, according to Ling Ah Hong, director of plantation consultant Ganling Sdn Bhd.

"The market was caught off-guard when they saw third-quarter production was bad," Ling said. “Next year we’ll see a very strong production of palm. Moving into April and May next year, prices may start to soften if production of palm oil starts to jump and stocks start to climb." He expects prices to ease to average at RM2,500 (US$590) a ton in 2018, more than 10% less than the average of RM2,820 this year.

A Little More Rain

La Nina-induced rain will be good for production because it will ensure sufficient water to trees, said Ling, who has 40 years of experience in the industry. The downside is that it could exacerbate monsoon rains and cause some flooding of low-lying areas. The Malaysian Meteorological Department told Bloomberg a weak La Nina doesn’t cause significant impact to rainfall distributions during the northeast monsoon.

“If the La Nina is just a very mild one, and production of soybean and palm are strong, then we’ll see a more bearish situation," Ling said. "Prices may even drop down to RM2,400 a ton by the end of 2018."

Too Much La Nina Will Rain on the Bear Parade

A stronger La Nina could hurt soybean production in the US and South America, and that’s key to palm oil, its closest substitute.

During the 2011-2012 La Nina, futures surged to a near three-year high of RM3,955 a ton as La Nina withered soy crops in Latin America. At the same time, swathes of plantations in Malaysia’s key-producing states were inundated by flood waters, cutting production to the lowest in four years.

“Heavy rainfall complicates harvesting because you’ll have difficulty of evacuating crops,” said Peter Benjamin, CEO of Malaysian-listed planter United Malacca Bhd. “Too much rainfall will also have an impact on pollination. We’ll have to keep a close watch on the La Nina effect."

Fueling Prices with Biodiesel

The industry will also be watching a decision from the World Trade Organization on eliminating Europe’s anti-dumping barriers on biodiesel, according to Sahat Sinaga, executive director at the Indonesian Vegetable Oil Industry Association. Removing the barriers could increase demand for fatty acid methyl esters and boost biofuel consumption.

Meanwhile, higher crude oil prices could bolster demand for biofuels in the coming months, said Barnabas Gan, an economist at Oversea-Chinese Banking Corp in Singapore.

Less Workers, Less Palm Oil

It’s a problem that’s plaguing the industry. In Malaysia, an estimated 10% of fruit bunches are left to rot each season because of worker shortages. While companies are turning to mechanization, harvesting still requires skilled labor that’s quickly become scarce. Malaysian planters are especially at risk because of their high dependence on foreign laborers, especially from Indonesia which are said to be the best palm oil harvesters in the world. "Now we are looking to Bangladesh and Nepal to bring in workers, but compared to the Indonesians, it takes time for them to adapt to plantation life," United Malacca’s Benjamin said.

Posted by Myway > 2017-11-01 23:14 | Report Abuse

EPS 2017 should reach about $0.50. At PE of 15X, SOP fetch $7.50.
Also bear in mind that EPS can continue to grow if CPO price go higher and from improving yield from the acquired Shin Yang plantations .