Companies must sell 30% of planned exports at home for 6 months Consumers facing high prices, daily quotas for cooking oil Global veg oil supplies squeezed by Russia's invasion of Ukraine Palm supply could be down by 100,000 T/month -analyst
He added that crude palm oil prices had surged closer to the RM7,700 level again, while oil benchmark Brent crude eased to US$112 (about RM468.66) per barrel.
* With the conflict threatening grain production, a global food crisis deepened. Indonesia tightened curbs on palm oil exports, adding to a growing list of producers seeking to keep vital food supplies within their borders.
no point cpo price at rm7000,.......low volume,.......very few buying it,.......rm6000 more affordable & reasonable price,......good enough for plantation companies
Expecting CPO to settle down at range 5500-6000, good enough for those efficient plantation companies like Cepat to make huge profit. Just updated Cepat's CPO produced on Jan & Feb 2022 vs 2021, thats 42% up. Expect Cepat could double up the profit on 1Q22.
1. Strong average CPO price in January and February 2021. 2. The average CPO price for March so far has been fantastic. 3. It seems like high CPO price will be sustained for some time. Metaphorically, you cannot slow down a speeding train immediately. 4. If the average CPO price is sustained at even RM 4000-5000 over the next 1-2 quarters, FY 2022 results will be good. 5. Cepat is a well managed company in good time or bad time.
@novice,investor Go look at Cepat and MHC quarterly report.They rank amongst the top in transparency in reporting on their production and financials. The 'green' (environmental) and the 'gold'($$) is in their conversion of waste to energy.ie EFB (empty fruit bunch) ,EFB oil and biogas.Electricity FIT(feed in tariff) cannot be changed but they can sell off the excess EFB and EFB oil. all lumped together in Power generation which contributes between 16-20% of profit
palm oil consumption are controllable,........just eat boil egg instead of frying egg & no french fries ,.....i don`t see the palm oil price will rise more,......it is very expensive now,.....can`t sell
Agree with you Markgold. Look at the below chart, even if CPO price goes down to 4k-5K, plenty of profits for Cepat and MHC. The FY 2021 results validated this consideration. Most importantly, the companies are well managed. Stay cool Bro.
Cepat is expected to announce a final dividend of the order of between 6 to 8 sen a share within the next few weeks. If CPO price could maintain at above RM5,000 a ton, its earnings would also improve significantly this financial year. Cepat is definitely worth much, much more than 93 sen a share.
It is in the news that CPO export volume 1-15 March is over 10% higher than same period in Feb. Surely india and China are buying. CPO price now is more in line with other competing edible oil .
It can be risky if an investment is based on pieces of not so positive news here and there. One should look at the whole picture. March's average CPO price so far still a record in Malaysian history. 1st quarter results for planters will be fantastic. Even if the average CPO price drops to 4000-5000, still a lot of profits for planters.
Cepat will announce dividend in 2 weeks time, I put my bet that it will not disappoint! It will be much better than earning the poor FD interest rate. If you dabble for short term gain, then it is a different ball game.
Almost all palm oil stocks will benefits the high CPO prices due to lesser soy bean production in 2022 due to climate and Ukraine war. Need not to focus palm oil stocks every few hours. Daily monitoring will do.
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....
nicholas99
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Posted by nicholas99 > 2022-03-10 10:22 | Report Abuse
Companies must sell 30% of planned exports at home for 6 months
Consumers facing high prices, daily quotas for cooking oil
Global veg oil supplies squeezed by Russia's invasion of Ukraine
Palm supply could be down by 100,000 T/month -analyst