Really, it shoot up to 1.20...make profit oledi from yesterday buy..
Inspired by Top Gloves (1:2) and Supermax (1:1) Bonus Issues, while waiting to harvest the Plantation, yesterday Miss Mabel accumulated Supermax. Today she decided to accumulate Hartalega, Mother of all Gloves based on Dr Asyura latest Recommendation.
Majlis Permuafakatan NGO Felda says it is crucial to include privatisation of FGV as part of PN’s overhaul strategy
Concerns on taking FGV private, however, lie in its cost, which could go up to about RM15 billion to RM20 billion given its initial public offer reference price of RM4.55 per share.
“The government cannot say there is no money to spend when they’ve pumped billions of ringgit into Malaysia Airlines Bhd numerous times. Even if it costs a lot to take FGV private, it would help Felda and the government in the long term,” Mazlan said.
More analysts have been making Buy calls for plantations
Plantation will be the next interesting sector after Gloves. We are going to India, Europe and China. These few days will determined if FCPO give a solid breakout above the resistant line or not.
According to analyst report, buying will continue from India / Europe / China due to overall supply stock lower in Malaysia and demand is increasing with festive season consumption.
Today FCPO breaches Nov 2020 Contract RM 2800. It even go as high as RM 2882 before settling down and closed at RM 2870
This is very interesting development. Once it breaks RM 2900 R2, if we follow the up-trending projection, FCPO may be hitting 3100-3200 range soon. In 2008, it was above 4000.
FCPO (RM2,871, +67) ended higher on Tuesday, snapping a two-day losing streak and climbing as much as 3%, tracking sharp gains in rival soybean oil, although concerns over rising September production lingered. Lower Ringgit, sharply higher palm olein and bean oil on Dalian and improving Sept export outlook provided the lift to palm futures to locking in 66 points. Market participants are now waiting for supply and demand data from the Malaysian Palm Oil Board on Thursday. A Reuters survey forecast August stockpiles rising 5% to 1.79 million tonnes from July. Support and resistance of FCPO to be seen at 2800 and 2920.
its okie chill ... privitize also good so buy and keep .. only downside now is if the Goverment dump all share then all of go holland ...other than that don't see risk long term prospect still intact ..
CPO weather forecast is looking good. Overall, the palm oil market has been performing well against other commodities. For the week just ended, the CPO futures contract traded mostly lower, tracking the movement of bean oil prices on the Chicago Board of Trade and Dalian Commodity Exchange, and the movements of crude oil as well the ringgit against the US dollar.
On a Friday-to-Friday basis, the CPO futures contract for September 2020 declined RM52 to RM2,880 per tonne, October 2020 eased RM31 to RM2,861 per tonne, November 2020 fell RM24 to RM2,811 per tonne, and December 2020 slipped RM19 to RM2,778 per tonne.
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....
Mabel
24,171 posts
Posted by Mabel > 2020-09-08 09:30 | Report Abuse
Really, it shoot up to 1.20...make profit oledi from yesterday buy..
Inspired by Top Gloves (1:2) and Supermax (1:1) Bonus Issues, while waiting to harvest the Plantation, yesterday Miss Mabel accumulated Supermax. Today she decided to accumulate Hartalega, Mother of all Gloves based on Dr Asyura latest Recommendation.
HARTA 14.00 25.97 85.5% Buy
KOSSAN 13.40 20.60 53.7% Buy
SUPERMX 9.60 11.83 23.2% Hold
TOPGLOV 8.38 10.39 24.0% Buy
She also collected FGV yesterday when someone was kind enough to donate their potential harvest by matching her queue..
Meow..