Hahaha even Cepatwawasan an average planters also report more than 100% in profits think for yourselves what would be the figure for a good plantation co like SOP ? Hopefully there will also be a good interim dividend along with the announcement of the 1st qtr results and also the bonus entitlement date
Looks like the price movement is influenced by the CPO futures and those traders are erroneously wrong to base their trade on CPO futures. Mind you spot CPO prices are going to stay around RM4500 to RM5500 for at least 18 months and at this level even the most inefficient planters would also register fantastic profits just keep buying a moderate amount at this level and you could be very much richer by next year no BS
Remember history. Commodity prices flying high is stopped by US real estate bubbles crash in 2008. During tat time Ukraine n Russia is husband and wife - no heated quarrel but loving couples. This time round is different, they are fighting out. Will US mkt crash melt world equities?
No lah one the CEO got plenty esos cheap2 and the othe the latuk himself is selling coupled with IBs call warrant sikit manipulation but someone will sapu some in the afternoon don't worry lah they will give good interim dividend the 6 sen dividend is only for the last fiscal year
he whole world is facing food shortage including cooking oils (including palm oil) and why worry as long as FCPO is in excess of RM6K/ton, and all individual oil palm smallholders & oil palm listed companies are reaping tons of profits which go directly into their pockets/banks, why worry about the movement of the share prices.
Dow Jone drops like bombs affecting tech. companies, cryptocurrencies and "Growth" companies where else oil palm list cos. are "Value" companies are holding very well and stable.
Ringgit further weakened against the USD good for palm oil exporter oil palm industries will remain strong for the next 2 years I don't BS but give positive inputs when there is haha
It is irrelevant whether CPO has peaked or not we should look at the likely CPO price for the next 12 months and I can confidently say it will not go down below RM4500 per tonne. The problem with SOP is there are too many esos for the executives and they are priced below 3.60 profit taking are bound to happen when they are listed. Just look at KLK IOI and Sime Plant they are all green today despite more than 1000 pts fall in Dow Jones. Having said that if you are looking for a yield of around 6 to 7 % and some small capital appreciation this is the counter for you no BS but don't expect RM10 lah !
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....
wallstreetrookie
9,784 posts
Posted by wallstreetrookie > 2022-05-11 12:33 | Report Abuse
According to Koon Yew Yin, this stock is the second most undervalued palm oil stock