1.01-1.03 going to be resistant. Do not average down @99c. You will be trap with more loses *********** The stock price is muted, what is that to average down? No question about resistance either.
Commodity /plantation sector is down hill lo. dont listen to syndicate macai,wait for next year, hope for next year. They have been repeating this propaganda sin TSH was 1.75, till now 99c Just imagine the amount of shares the syndicate has unloaded, lol to the bank Most propaganda grandmother stories, has the element of "wait for NETX year". does it sound familiar? ************ You are not wrong either. It has slid down from 1.89 to as low as 92c. How much deeper you want it to go down? Give us your target price then we come back here to check at end of January 2023.
Stup_ t fella on and off come to bad mouth about the stock. If he want to come here to attack a person he should learn from Mikecyc or See Research instead. Attacking a person doesn't mean he should attack the stock.
KUALA LUMPUR, Sept 4 — The government will not allow any more expansion of oil palm plantations in the country, Primary Industries Minister Teresa Kok said today. "We are committed to maintain at least 50 per cent of the land as forest cover, so we won’t allow any expansion of these oil palm plantations,” she said after her keynote address during the Corporate Malaysia Summit this afternoon at the Sime Darby Convention Centre here.Asked the impact of the government decision on its long-term revenue, Kok said the decision will be up to palm oil producing companies.
She noted the glut in palm oil supply worldwide due to overproduction by Malaysia and Indonesia. The two countries are the biggest producers of palm oil globally.
"The situation now is, there is excess palm oil supplies, here and in Indonesia.
"In the long run, we will let the individual plantation companies decide if they want to maintain their land as palm oil estates or harvest different crops,” she said.
She added that several companies were already mulling converting their estates into coconut plantation farms.
Kok was elaborating on an earlier statement that the local palm oil industry is looking to broaden its market internationally.
She also said her ministry is hopes all existing palm oil traders can achieve 100 per cent Malaysian Sustainable Palm Oil (MSPO) certification by December 31 next year.
"This will be challenging as only 20 per cent or around one million hectares are currently registered,” she said.
Kok said ministry had already contacted Felda and the Sabah Parti Warisan-led government to hold talks on educating rural traders on standard guidelines.
"We are going to move fast, especially with the planters in the interior section of the certain states where the aim is to educate them on the standards they would need to comply to raise the marketability of their product.
"We want to explain to the planters the importance in making first class or five-star standard palm oil.
Expansion on forest reserved has been permanently halted since 2018 in malaysia... The basic fundamentals of scarcity will kick in , causing price to go up as global population increases.
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....
SEE_Research
4,673 posts
Posted by SEE_Research > 2022-09-21 17:07 |
Post removed.Why?