Fgv gets pressed down because of too many call warrants issued by IB Bankers
If Fgv mother goes up too high then IB Bankers will suffer losses from from their call warrants which they issued
in normal times prices of call warrants expired out of money so IB Bankers have made lots of monies
But they got hit badly in Superbull run of Medical gloves
So they played dirty by capping margin , spreading rumour about windfall tax and finally get Macquirie to do the dirty job of revising Topglove share price to Rm5.40 when they just issued a very high price not too long
after people panic sold dirty IB bankers have bought then dirty Macquirie revised upward target price for Topglove to Rm10 again
by these dirty tactics prices of shares are suppressed
But for Fgv the fundamental is getting too strong now
Mike... Why you want to nitpick on small issues and forget about the big picture that the profitability is flying like a rocket to the moon? Even if export duty not extended, as Calvin has posted. Literally everything has palm oil in it even in Maggi mee and biscuits we eat daily. Unless u tell me u don't eat biscuits, brush your teeth or use shampoos to wash your hair.
Mikecyc aka tikus JAMBAN .......why can't you appreciate excellent researches and facts post by Sifu Calvin. It is so good to read his postings early in the morning and gives investors positive vibes the whole day. So tikus JAMBAN please stop wasting you time posting articles.... nobody appreciates it.
@sumalia, ignore him.. Windfall tax is and has been part of plantation tax system since long ago. It is factored in for plantation share price all the while.
Date Settlement Price RM 7 Dec 20 3392 4 Dec 20 3437 3 Dec 20 3332 2 Dec 20 3316 1 Dec 20 3347 30 Nov 20 3305 27 Nov 20 3338 26 Nov 20 3227 25 Nov 20 3285 24 Nov 20 3249
FGV rocket fuel is on standby. Just waiting for buying support to fly. Other plantation stocks have moved and it's a matter of time FGV follow suit. The strong indicators on high CPO price, expected demand from export markets, low inventories and G to G marketing to push palm oil to India and China are all positive signs of an impending share price appreciation.
Do your own research and invest prudently. No need to worry about the haters and negative comments as they are spoilers out to press the price lower and buy themselves. You take charge if your own investments and set your entry and exit targets. TAYOR and good luck.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
strattegist
23,459 posts
Posted by strattegist > 2020-12-07 10:07 | Report Abuse
green