Invest using your spare cash for decent return which should be better than putting your excess fund in bank that currently give u a return of 2% or maybe 3% p annum by year end (in view of rising interest rate). Plantation stock should be good at least for this year due to many reasons that are already in news. I noticed many remarks and comments by some of so called investors here are sometimes very extreme.
For those who are quite new to investing, try to make sure u do not get burnt with your capital. Refer to my previous posting on plantation sector and have a better understanding rather than getting confused by some of these extreme comments on bullish or bearish comments. Always keep some spare cash so that you can buy in the event market turn very bearish. I repeat what I said previously, invest in companies that have some underlying good assets that will appreciate over time. Not like the oil and gas sector (generally and not all )
This sorzai have been saying this since 90sen. And it's RM1.10. Don't be surprise to see him saying the same thing when it's RM2.
========================== plantationgameover
buy more now, cut loss later. dumb retailers get trapped by promoters kikikiki! already warn many times don't chase, this time it will drop below RM1 and never come back. Who still dumb dumb hold cut loss later!
RJ, stock market is a place for ppl to transfer wealth…thanks to ppl like gameover who buy low n sell even lower, more ppl are able to buy lower from him n sell higher…
https://www.businesstimes.com.sg/energy-commodities/indonesia-to-ban-exports-of-palm-oil-from-apr-28?amp ...... Interesting. Monday should see some PANIC buying of CPO. Note Indonesia is a MAJOR PO supplier. Cooking Oil is a BASIC for any FOOD stuff. ... Quote a MAJOR buyer / trader of PO ..." "This move is rather unfortunate and totally unexpected," he said. " ...... " "Sky would be limit for edible oil prices now. Buyers were banking on palm oil after sunoil supplies fell because of the Ukraine war," ......."Now they (buyers) don't have any option as soyoil supplies are also limited."
SBO hit a new record high of 83.21 cents per IB in the US after Jokowi news announcement. Adverse drought has hit the prime growing areas in Argentina, Brazil and Canada respectively. Argentina in March has briefly stopped their soy export sales before upping the tax rate to 33% from 30%. US Biofuel producers are ramping up thier production to cater the upsurge in demand for the peak summer travel season. Veg oils are now in a very very tight spot with no other large alternatives supplies in sight. Please do your own research {Not a buy call} but food inflation is here to stay
Following this news, CPO spot will surge pass $7,000. Absolutely good news for Malaysia based plantations. Opportunity to add plantation share may surface on Monday if there is weakness arising from knee jerk reaction from DJ's 981 points plunge.
Or plantation might turn to be safe heaven stocks where investors divest from other industries n invest in plantation… much like gloves during covid time?
If you want to compare plantations with gloves so the surge should be temporary. History will repeat. So it is wrong to compare plantations with gloves like most kaki goreng in share market.
Read in statement in full context, I m saying shifting of investment strategy from other industries to plantation, which is considered a safe heaven for now. There are huge differences between “goreng” without direction n changing investment strategies based on market fundamental.
Plantations { CPO } was our country key industry & mainstay in Malaysia when the 97-98 Asian Financial crisis hit our shores. It was a valuable history lesson where most industries e.g. electronics, banks, manufacturing all badly hit. The windfall tax was introduced during this time and the word `golden crop`was conined for oil palm
Sri Mulyani Indonesia Finance Minister at IMF G20 meeting said the ban on export's is necessary. The ban will hurt other countries. Read her words carefully. Indonesia since 2018 has stopped issued new permits for oil palm plantings {Indonesia has limited abilities to increase palm oil production} we are often blamed for deforestation & destroying natural habitats of endangered animals such as orang utans} often portrayed by the Western NGO
DJ down 981 points across the Board. Buyers sentiment will be hit on Monday .Except for Agricultural commodities producers. look at US soybean oil and corn
not everyone is bullish on palm oil stocks. If it was then the stock price already flied to the moon like what happened in glove and semicon stocks in last 2 years.
Yes. ethanol producers need to source for corn and palm for their biofuel production. CPO can be used now either as a food crop or as a fuel alternative feedstock
That time reduced interest, sec suspended IDSS and RSS.
Only thing u can do is buy and only 2 things to buy was tech and glove as all other sector under COVID threat. ———————————— s3phiroth not everyone is bullish on palm oil stocks. If it was then the stock price already flied to the moon like what happened in glove and semicon stocks in last 2 years. 5 hours ago
Ok to give u a good picture on palmoil ban by indonesia;
Indonesia producer can only sell domestically at Rm 3500 to Rm 4500 loh! Their production cost is Rm 1500 to Rm 2000 loh! Still making good profit but much less loh!
Msia producer can sell Rm 6500 to Rm 7500 mah! Msian producers cost at Rm 2000 to Rm 2400, can make super abnormal profit loh!
The uptrend is expected to continue till year 2023 or beyond. Only goreng kaki expecially contra/margin players would likely take profit ahead of the long weekend from end of this week. Two weeks later they buy back.
Price up or high/low from a bar chart, technical or statistics is a very intristic case. SBO year low { Year 2020} fell to 25 cents per IB and close the year at 42 cents per IB. Slowly ascending to the next gap or uptrend at 55 - 70 cents { 2021} SBO is now trading at betw 70 cents to a high of 84 cents recently. CPO fell to a new low of MYR 1,800 per tonne { in 2018 commodity slump} before slowly inching up to 2,800 per tonne. Later climbing back 3,500 - 3,800 price mark when soft oils & other commodity prices gap up. CPO is not a price marker but follows the trend of other soft oils. Of late CPO price has sustain its uptrend online with prices trading between MYR 5,500 - 6,500 and hit a high of 8,000 per tonne following the Ukraine crisis. We are not alone. Look at Mineral oil from a low of USD 20 per barrel. Brent crude oil has rocket up to a year high of USD 135 per barrel. Now holding at betw USD 105-110 mark. Jim Rodgers said nobody can predict the future. But in commodities trade there is no high or low. only how high the price can gap up or down
I’m not sure if listening to other sifu will go holland.
But if they listen to u and sell at RM1, they already at holland.
________________________ plantationgameover if you listen to all these self-proclaimed "sifus" here then prepare to go holland soon. Tomorrow plantation stocks will gap up because of the indo banning palm oil news, then big boys will use this opportunity to unload to all dumb retailers that chase the price. Big boys know FCPO will drop soon in May, they will take this opportunity to throw their shares at good price. If you still stubborn and don't take profit, then prepare to cut loss soon!! kikiki, just watch 16 hours ago
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....
virgogo
142 posts
Posted by virgogo > 2022-04-22 10:51 | Report Abuse
Invest using your spare cash for decent return which should be better than putting your excess fund in bank that currently give u a return of 2% or maybe 3% p annum by year end (in view of rising interest rate). Plantation stock should be good at least for this year due to many reasons that are already in news. I noticed many remarks and comments by some of so called investors here are sometimes very extreme.