Based on announcements,big buying activities going on. by stages n with supports seen at 0.39 cts due to contra spellings.Probably the new buying interest will continue next week n value will be added gradually to approximate high of 0.52 cts if can strongly breach second try of 0.475 cts
When come to manufacturing products most issue are compliance.As investor we will be not aware of these matters.We are results oriented and one of our guidelines are FYR.
There are certain product can be reworks to avoid wastage but will of incured cost.If they have the Quality Improvement and Quality Excellent and able to set Sustainability and Continuous Improvement for long term,it will be ok.
PKS charcoal have moisture spec where normally either rework can be done but mostly a discount px @ as per contract agreement n will always based on Win Win Situations.
Arbitrage are not against Bursa Regulations n normally being done in big vol but for a small gains n it's very strategic n must have big fund n experience.
Eldridge's buy big vol n untung more than 2 cts oso big money.Contra on small vol won't helps.As for retailers buying small vol need to wait longer periods . Resistance 0.47 cts n new high could be 0.52 cts.if break 0.475 wth vol.
Is good as a start MOU with PT ORION Indonesia as we all know Indonesia is one of the largest oil palms plantations and they r not doing anything much wth PKS.
Next will be marketing to more Asian Countries n as well to encourage more M'sia n Indonesian to use this cheapest energy for daily use n user friendly.
When invest got to understand the whole n everything but to contra no need lah .Those 3 companies are dealing will world biomass business n not cap ayam for sure 🤣
ELridge habits are always quite active during first 15 minutes of Yesterday vol of 169,223 is high since last 7 mkt days.If sentiments ok, high possibilities that it will be very active. For Info,PK px will follow CPO px. TAYOR.
Anticipating FYR Announcements or maybe news.CPO px of RM4,700.00 52 weeks high .Normally any product byproduct such as PKS and others will goes up too.Profit will be higher if got stock which bought much cheaper.😂
Elridge Energy will supply the Japanese company 150,000 tonnes of Green Gold Label certified palm kernel shells annually, from April 2025 until March 2040.
Biomass fuel products, such as palm kernel shells and wood pellets, can be used for electricity generation in power plants and as fuel in industrial boilers in various types of manufacturing-related industries.
We import these biomass fuels from various sources, including Malaysia and Indonesia, and can therefore ensure a stable supply. Because we can properly meet the growing demand, we launched the Biomass Department in April 2020, and we are rapidly developing the business. We also supply the fuel for biomass power plants operated by JFE Engineering, coming together as a group to help solve environmental issues.
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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....
cicakman
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Posted by cicakman > 2 months ago | Report Abuse
Based on announcements,big buying activities going on. by stages n with supports seen at 0.39 cts due to contra spellings.Probably the new buying interest will continue next week n value will be added gradually to approximate high of 0.52 cts if can strongly breach second try of 0.475 cts