""" Climate Change agenda and ESG compliance , which lead to NO new investment in oil palm cultivation since 3 years ago (and expect minimum expansion into the foreseeable future), coupled with increasing consumptions, higher usage in renewable fuel supported by high fossil fuels and strong Indonesia government mandate, palm oil prospect can only be brighter….""" ...... TOTALLY AGREED .... Both Indonesia and Malaysia ... SIgned the Pledge NOT to INCREASE PALM OIL Plantations EXPANSION in 2019 ??? Now .... Only re-Planting OLD plantations. So... DO NOT EXPECT much increase in Production as NO NEW LAND for CPO Planting.
https://www.marketscreener.com/quote/future/CRUDE-PALM-OIL-16222/charts/# Chart for CPO. The latest Spike in Price has Broken the Top Resistance at US 1,291/- with volume/strength. New Resistance at 1,313/-. All short, mid and long term indicators have turn Bullish again. ... For Info And discussion Only !
Just at early stage of value recognition! At today’s price , it is trading at about PE 6x based on 2021 earnings. Forward 2022 PE is projected even lower due to expected strong CPO price . Not forgetting the huge gain from land monetisation!
didn't collect enough, hv to set block and wait for impatient ppl to sell to eat at 1 bid lower. in the end of the day, it's about entering at cheap price.
Once they collect enough, they won't block anymore. They will pushhhh.
Even at Rm1.88, its only at PE12 from conservative estimate of FY22 earning at 16sen. 3sen per Q from palm oil for 12sen and another 4sen for land sale.
10sen dividend by fy22 with 80sen investment also not too bad.
JAKARTA (Feb 9): Indonesia, the world's top palm oil maker, had expanded its export permit requirement for palm oil products to include other derivatives, a Trade Ministry regulation reviewed by Reuters on Wednesday (Feb 9) showed.
The new rules takes effect on Feb 15, according to the regulation signed on Tuesday, and apply to products such as margarine and kernel oils. The permit requirement was previously only set for exports of crude palm oil (CPO), olein, used cooking oil and residue.
Indonesia moved to restrict exports of palm oil to try to cool down soaring prices of cooking oil at home, which had sent global prices on a rally.
Late in January, it imposed a so-called Domestic Market Obligation (DMO), where exporters must sell 20% of their planned exports at home and with a price cap to ensure lower retail prices.
Under the new regulation, to secure export approvals for all palm products, companies must show proof of their domestic sales of CPO and/or refined, bleached and deodorised palm olein in accordance with the DMO requirements.
KUALA LUMPUR (Feb 9): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives snapped two straight days of losses to close higher on Wednesday, lifted by a news report that Indonesia, the biggest supplier, is expanding its palm oil export curbs to include all palm oil products.
Palm oil trader David Ng said the news would lift sentiment and push demand for Malaysian CPO.
At the close, the CPO futures contract for February soared RM199 to RM5,765 a tonne, March 2022 increased RM168 to RM5,704 a tonne, April 2022 gained RM145 to RM5,594 a tonne,
The physical CPO price for February rose RM100 to RM5,820 a tonne.
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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....
MuttsInvestor
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Posted by MuttsInvestor > 2022-02-05 13:34 | Report Abuse
""" Climate Change agenda and ESG compliance , which lead to NO new investment in oil palm cultivation since 3 years ago (and expect minimum expansion into the foreseeable future), coupled with increasing consumptions, higher usage in renewable fuel supported by high fossil fuels and strong Indonesia government mandate, palm oil prospect can only be brighter….""" ...... TOTALLY AGREED .... Both Indonesia and Malaysia ... SIgned the Pledge NOT to INCREASE PALM OIL Plantations EXPANSION in 2019 ??? Now .... Only re-Planting OLD plantations. So... DO NOT EXPECT much increase in Production as NO NEW LAND for CPO Planting.