I never ever bought cooking oil for more than 40 years. Its all steaming and microwave only. recently due to cooking oil hype, I bought 2 bottles of 2 kg Knife Brand palm oil since its such a hot item. People fight to buy and super long queues so I buy also lah. Now I dunno watodo with this 2 bottles of unnecessary cooking oil purchase due to hype. Most probably will burn as oil lamp.
value_seeker
You mean we stop eating cooking oil. I3lurker is bear leader and always says thing going down.
after my silly palm oil purchase I purposely checked with my other millionaire friends just to touch base wat other people do. more than 90% also do steaming a few dun even microwave saying its unhealthy, only do steaming 100% of time.
Again, agreed with lurker… IF recession really happens, disposable income reduce, people will first stop eating, stop taking bath, but continue buy cars, iPhones n luxury goods, as palm oil and the products made out of it are good to have but not must have…
Agree that with recession, more millionaires who eat steam food n does not take bath will be born… the longer the recession, the more millionaires are born… make sense…
IB predicts CPO price decrease due to production increase. U on the other hand predict CPO decrease due to demand destruction as more millionaires who eat steam food n does not take bath are born during recession. Narrative wise there are huge diff.
haha....now you guys taste it. Already warn so many times, gloves 2.0 proven. Market is forward looking, now CPO price is crashing. Plantation game over. Last time small loss don't want cut, now become big lost. Promoters everyday shout dividend, enough to cover capital loss? Hahahaha....now very cheap right? who dare to sailang? or already no bullet? hahaha...see you at RM0.50. In bursa it is useless to study the company so much, you dont follow the trend you lost money. simple as that.
Sslee, agree with u, weaker ringgit makes CPO cheaper to export as compared to other edible oils… Malaysia CPO not to say cannot sell, it’s stockpile is at low… just that due to uncertain Indonesia policy, buyers are holding back a bit for now until more clarity in the market…
This "drop" also proves that... bplant have many foreign investors. Dont have to worry much i guess.... when time is good... definitely will up again... Just collect along the way when i have excess cash on hand.
>> It pointed out that since listing in 2014, Boustead Plantations has sold 2,164 hectare of land, raised RM1bil in gross proceeds, and recognised total disposal gains of RM900mil. It has also paid out RM1bil in total dividends since listing.
Mickey, 2 questions. Do u know what happen from 2020 till 2022? That’s y production for all plantation co drop, unit price up… btw, do u really think bplant needs 45m loan? Or there’s story behind?
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....
i3lurker
14,503 posts
Posted by i3lurker > 2022-06-13 10:29 | Report Abuse
any shares in profits must dump and convert to cash
otherwise hold 10 years later