SOP share price should surpass $10 . It’s expected EPS for FY2022 should be around $1.20 based on average CPO price of $6,000. With Ukraine war prolonged and Indonesia export control , average CPO price for FY 2022 shall exceed $6,000 .
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.
FCPO future is in excess of RM6.0K/ton is extremely good for oil palm industry and the huge sway of oil palm company share prices may perhaps due to people's buying and selling of them without trying to understand they may make some money but lose the whole cow definitely.
Did FCPO collapse on this news? https://www.tradingview.com/symbols/MYX-FCPO1!/ It's already reflected in the late afternoon lah when CPO price shot down from RM6,700 to current RM6,200++. Yawn....
JAKARTA/KUALA LUMPUR (April 25): Indonesian government officials told palm oil companies on Monday that an export ban announced late last week would cover shipments of refined, bleached, deodorized (RBD) palm olein but not crude palm oil, two industry sources told Reuters. Though an exemption of crude palm oil from the export curbs will be positive for global markets, the majority of Indonesia's palm exports are in the form of processed oils and remain affected by the ban. There were still concerns that crude palm oil would also be added to the list of banned products, as it is raw material for RBD palm olein. According to data from Indonesia's palm oil association (GAPKI) exports of processed CPO in 2021 stood at 25.7 million tonnes, or 75% of total exports of palm products. CPO exports were 2.74 million tonnes in 2021, or 7.98% of the shipments. ------------------------------------------------------------------ The news is too sketchy. No official details from government yet. Better to stay calm for more details to emerge.
Baffling that the above post, without a single word of comment, was removed when it only merely had the URL link to the MPOB.gov.my export page. The MPOB stats show processed (PPO) vs crude (CPO) are exported in the ratio of 3-4x : 1x
DJ and Nasdaq collapse , but FCPO overnight UP. FCPO May $7,100, Jun $6,848, Jul $6,477 despite we are in high production season now. CPO will stay high at least until 2023
Hari2 drop apa mcm ? but looks like the only gambleable stocks in Bursa are still plantation stocks ! Tech stocks crashed last night at US O&G and recovery stocks no visibility yet and gloves almost gone to the dogs !
Haha John when something can go up and down I always refer them a bet. Having say that SOP is a good bet at this price there is no reason for the selling more so the CPO future is trending strongly today perhap the CEO and esos flers are taking profit lor
buy plantation stock,......better buy commodity,........up & down very fast,.......faster to make money,..........plantation stock moving up like snail,.....drop like falling stone.
Have no fear unless it is like U Plant tied its selling price lower than the spot price then it may not benefit from the strong CPO price in the last 3 months
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....
troy88
3,016 posts
Posted by troy88 > 2022-04-25 09:36 | Report Abuse
Indonesia export ban is no joke. MY palm oil exports to soar!