Even at average price of RM5500/Tonne all plantations will make super profit lor but those who got it cheap via esos can sell to others after all they can make 100% profit at this price also lor
German supermarket is running low on sunflower oil. Those oil is from inventory stocks. Even they find tighter for olive and canola oil. Middle East and North Africa depend Ukraine sunflower oil. Now merchants ship cannot their ports.... source from yahoo news
More production stocks in second qtr . To cover the new mkt in Middle East and North Africa left vacuum by Ukraine sunflower oil. Mean more sale and revenue for company and Good to shareholders and share price. Cheers!
Palm Oil Inventories in the world’s second-largest producer, Malaysia are forecast to 1.53 million tonnes, rising for the first time in five months. Exports are seen rising 6.3% to 1.17 million tonnes, in line with estimates from cargo surveyors showing a rise in shipments to top buyers India and China.
Exports rose at the back of strong demand for palm olein particularly in the Middle East and countries with large Muslim populations to meet rising demand ahead of the Ramadan fasting month. Countries like Egypt, Iran and Saudi Arabia which typically rely on sunflower oil had to switch to buying palm to meet the strong seasonal demand. Shipments of palm oil to the region will remain strong in April.
Global supply of sunflower oil has taken a hit after Russia’s invasion of Ukraine damaged port infrastructure and disrupted supply of the edible oil from the key Black Sea region, forcing buyers to seek alternatives. In April, a sustained rise in production aided by favourable weather outlook will keep prices under pressure, but the behaviour in crude oil prices will keep palm prices in check
Haha fear and greed still rule the day. For SOP that CEO and those got their ESOS keep on disposing previously. For Taan that latuk also disposed b4 it reach 5.50 and for Bplant that LTAT is selling like no tomorrow
Prepare for sop price upswing 1. Top buyer from China and India import of palm oil continue to rise. 2. Europe is preparing to reverse palm oil ban. Eg France and Germany is halting buying gas from Russia. Ong heng huat!
Even though most of us in this forum are holders of SOP but sometimes a balance view is needed instead of constantly promoting the stock. Although I think CPO would not fall below RM4500/tonne in the immediate future but with rising costs such as labour, fertilizers etc coupled with declining output at this price level can the planters still record super profits ? This is one of the reasons why some owners/major shareholders, CEO are disposing their stocks relentlessly and of course some got them cheap via esos etc.a
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....
titan3322
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Posted by titan3322 > 2022-04-01 15:35 | Report Abuse
Even at average price of RM5500/Tonne all plantations will make super profit lor but those who got it cheap via esos can sell to others after all they can make 100% profit at this price also lor