Posted by kinuxian > Jan 7, 2021 4:54 PM | Report Abuse

Here we go again, 4.2 resistant.

Posted by chshzhd > Jan 7, 2021 9:08 PM | Report Abuse

volcano is going to explode..

Posted by Gabriel Khoo > Jan 7, 2021 11:21 PM | Report Abuse

If cpo stay at 3000 for 2021. Sop earnings likely to hit 350 to 400m

Posted by Jack888 > Jan 8, 2021 9:29 AM | Report Abuse

CPO hit 4000 ?

Posted by gemfinder > Jan 8, 2021 9:38 AM | Report Abuse

c u at 6

Posted by EngineeringProfit > Jan 8, 2021 9:38 AM | Report Abuse

Soybean oil is bad for mental, emotional and neurological health.


Use only minyak kelapa sawit (red one)

Posted by EngineeringProfit > Jan 8, 2021 9:47 AM | Report Abuse

10.00.....is coming

Posted by Jonathan Keung > Jan 8, 2021 10:00 AM | Report Abuse

Funds in

Posted by calvintaneng > Jan 8, 2021 10:18 AM | Report Abuse

SOP is the middle weight Palm oil champion

So go double to Rm8.00

Small cap will go up 300% or more eventually at peak prices

We are still in very early bull

So just buy and hold tight tight like I hold on to Supermax from Rm1.73 to Rm24.44

See all at the TOP!!

Posted by calvintaneng > Jan 8, 2021 10:20 AM | Report Abuse

Since Supermax result will be out and gloves might rise

Last opportunity to sell all gloves and switch all into palm oil shares


Yes!

Sell gloves on rebound

Buy into LAGGARD Palm oil shares!!!

Posted by Plantermen > Jan 8, 2021 5:55 PM | Report Abuse

SOP closing very dissapointed. Lack of holding power

Posted by treasurehunt > Jan 9, 2021 10:04 AM | Report Abuse

All commodity products related business example Palm Oil, Steel, aluminum, tin, O&G, poultry is cyclical. talking bad of gloves alike taking bad of palm oil business.

Posted by kk7198 > Jan 9, 2021 2:51 PM | Report Abuse

Wow! Calvin Sifu, you managed to sell Supermax at RM24.44.I did sell at around RM 20.00 and bought back recently. Now I am heavily in gloves. I have all the top 4 gloves. I will still keep Harta n Topglove post pandemic. The rest will switch to SOP.Thank you for your advice.

Posted by Gabriel Khoo > Jan 9, 2021 2:55 PM | Report Abuse

KUALA LUMPUR (Jan 9): Exports of Malaysian palm oil products for December rose 20.35% to 1,709,084 tonnes from 1,420,103 tonnes shipped during November, independent inspection company AmSpec Agri Malaysia said last week.

Posted by 5877max > Jan 10, 2021 11:33 AM | Report Abuse

棕油价格每吨低于RM2000都能赚钱的种植公司https://gma98.blogspot.com/2021/01/rm2000.html

Posted by calvintaneng > Jan 10, 2021 10:12 PM |

Post removed. Why?

Posted by enning22 > Jan 11, 2021 8:30 AM | Report Abuse

在美豆延续强势且国内豆油去库态势良好的同时，马棕在超低库存预期下表现也同样给力。主流机构预计马棕12月产量环比降12%左右至131-132万吨，同期出口环比增15%-18%至150-153万吨，月末库存降至120万吨左右的历史超低水平。而按季节性规律，未来2-3个月马棕库存有望继续回落，超紧张供应支撑其报价强劲。此外，疫情引发新一轮的限制，马来种植园禁止招聘外来劳工的禁令被进一步延长，行动限制令区域继续扩大，且部分区域因降雨过多引发洪涝阻碍收割运输，令市场对一季度供应恢复的预期被削弱。 虽然印尼的供应相对宽松，但在高额的出口税费下，报价也难出现大幅下调。印尼刚刚才把毛棕榈油出口关税从12月的33美元/吨上调至1月的74美元/吨，出口附加税从12月的180美元/吨升至225美元/吨。在当前印尼棕榈油报价因高额的出口税费仍升水马来报价的情况下，马棕的超紧张供应给予产地报价较强支撑，并令国内棕榈油进口利润进一步倒挂。 虽然后半周来自印尼及马来推迟生柴掺混计划的消息对市场情绪形成一定利空打压，但市场其实对印尼推迟B40早有预期，且该影响更多在于远月。在国内一季度买船不足的情况下，当务之急仍是解决棕榈油进口利润如何打开的问题。在产地报价偏强的背景下，通过连盘或基差上涨来修复概率较大，现货高升水的情况下，也赋予了连盘棕榈油下方较强的支撑。

Posted by winlast > Jan 11, 2021 11:20 AM | Report Abuse

sop moving up to RM 4.50 soon
cheers

Posted by Jonathan Keung > Jan 11, 2021 8:17 PM | Report Abuse

Calvintaneng - puzzled plantation stocks never play up like gloves counters { despite price was at their 7-8 years for the past 6-7 months } riding on worldwide firm demand for soft commodities esp SBO, Corn , wheat and palm oil. commodities bull still in sleeping mode

Posted by Jonathan Keung > Jan 11, 2021 8:17 PM | Report Abuse

Price at their 7-8 years high

Posted by Mabel > Jan 11, 2021 9:44 PM | Report Abuse

OIL PALM PLANTATIONS TO OPERATE AS NORMAL IF MCO IS RE-ENFORCED - Bernama
11-Jan-2021 04:14:12 PM

KUALA LUMPUR, Jan 11 (Bernama) -- The Ministry of Plantation Industries and Commodities (KPPK) has given an assurance that oil palm plantations will be given permission to operate as usual if the government implements the Movement Control Order (MCO) 2.0.

Minister Datuk Dr Mohd Khairuddin Aman Razali said this was important to ensure that palm oil production was not interrupted and the country could continue its commodity exports to the rest of the world.

"We have gone through the MCO 1.0 phase in March 2020 and today we have been through it for almost one year. Of course, we have learned the best way for us to manage the plantations more prudently.

"Besides that, workers in oil palm plantations have always practised social distancing and their jobs require them to distance themselves. Hence, the spread of COVID-19 can be avoided," he told a press conference in conjunction with the Palm Oil Economic Review & Outlook (R&O) today.

Mohd Khairuddin said his ministry was optimistic that the palm oil trade performance would be better this year due to the positive forecast of the country's economy, as well as productivity, which is expected to increase due to good agricultural practices that formed the basis of the Malaysian Sustainable Palm Oil (MPSO) certification scheme.

He said as at Dec 31, 2020, a total of 5.2 million hectares or 88.25 per cent of the 5.9 million hectares under oil palm cultivation in Malaysia have obtained the MSPO certificates.

A total of 434 mills or 96.02 per cent of the 452 palm oil mills have also obtained the MSPO certificates.

Meanwhile, he said Malaysia has decided to file legal action with the World Trade Organisation (WTO) against the European Union's (EU) restrictions on palm oil-based biofuel

Posted by selesa2020 > Jan 11, 2021 10:24 PM | Report Abuse

Tough la this counter, CPO price consistently over 3.5 k for many weeks still not touching 5. When cpo price drops slightly, then panic run. Apalah ni. Ini mcm bila sampai ke Bulan boss?

Posted by selesa2020 > Jan 11, 2021 10:25 PM | Report Abuse

Engine sop ini Tak kuat langsung.. bagilah turbo..

Posted by enning22 > Jan 12, 2021 1:11 AM | Report Abuse

-MPOB expects palm oil exports revenue to reach RM74 bil
------------------------------------------
KUALA LUMPUR (Jan 11): Export revenue from palm oil and palm oil products this year is expected to increase by 2.4% to RM74 billion versus the RM72.30 billion recorded in 2020, said the Malaysian Palm Oil Board (MPOB). Director-general Dr Ahmad Parveez Ghulam Kadir said crude palm oil (CPO) production is likely to go up by 2.9% to 19.70 million tonnes from 19.14 million tonnes last year, while stock is expected to jump 58.7% to two million tonnes against 1.26 million tonnes. “Palm oil exports will improve 0.7%to 17.50 million tonnes, from 17.37 million tonnes. Despite experiencing various hurdles domestically and globally, the Malaysian palm oil industry has successfully adapted to the new norms. “The year 2021 is expected to bring a brighter prospect for the Malaysian oil palm industry with all the key indicators of the industry projected to show better performance,” he said during a virtual Palm Oil Economic Review & Outlook (R&O) Seminar organised by MPOB today. 广告 He said together with the Ministry of Plantation Industries and Commodities and other related agencies, the MPOB will continue to work closely with industry players in facing the ongoing challenges for the sustenance of the Malaysian oil palm industry. In regard to the CPO price, he predicted that the outlook for 2021 was going to be firmer, averaged at RM3,000 per tonne. Still on price outlook, Singapore-based Palm Oil Analytics owner and co-founder, Sathia Varqa said CPO futures trading would be dominated by lower production and low stocks in the country. “Price supported at RM3,500-RM3,800 per tonne up until middle of February. Prices will ease to RM3,200-RM3,400 per tonne from March 2021,” he said. He also predicted the sector’s production and exports to increase but said this may be affected should the government impose another movement control order due to the high number of Covid-19 cases in several states. He foresees positive demand prospects for Malaysian palm oil in the first quarter, especially from India and China — two key destination markets which are currently understocked.

Posted by Plantermen > Jan 12, 2021 7:49 AM | Report Abuse

Restocking during Dec-Feb CNY festive period {bolster and up demand in China} . China celebrate their CNY golden week holidays from 11/2 - 18/2

Posted by enning22 > Jan 12, 2021 4:03 PM | Report Abuse

KUALA LUMPUR (Jan 12): After Malaysia’s crude palm oil (CPO) inventory declined to a three-and-a-half-year low of 1.26 million tonnes in December 2020 from 1.56 million tonnes in November, analysts believe a seasonal production uptick, coupled with weaker export demand, will help replenish stocks and consequently drive prices down. In a note, MIDF Research projected CPO prices will continue to increase in the first quarter of 2021 (1Q21) on the back of anticipated supply tightness and higher export demand. However, it presumes CPO prices will soften in the second half of this year (2H21) due to better production levels and lower export demand.   It set its CPO target price at RM2,700 level per tonne this year and maintained its “neutral” stance on the sector.   Advertisement The average CPO spot price increased by 6.1% month-on-month (m-o-m) to RM3,650.98 per tonne in December 2020, mainly in view of possible supply tightness on a low inventory level, recovery in export demand, anticipation of lower production due to labour shortage and the monsoon season. Meanwhile, Hong Leong Investment Bank (HLIB) Research analyst Chye Wen Fei also concurred that the palm oil stockpile will likely remain at a low level in the coming months, which will see CPO prices remain elevated at above RM3,000 per tonne until end-1Q21. “Beyond 1Q21, we anticipate CPO prices to soften on the back of a better supply outlook for major edible oils (based on assumptions that the labour shortage in Malaysia will gradually ease from 2021 and La Nina does not strengthen further), which will result in more balanced demand-supply dynamics,” said Chye. Chye also has a “neutral” call for the sector as the research house believes current high CPO prices will not be sustained over the longer term. Hence, it maintained its CPO price assumptions of RM2,700 per tonne for 2020 to 2022. For exposure, Chye said HLIB’s top picks are Hap Seng Plantations Holdings Bhd ("buy"; target price [TP]: RM2.17), IJM Plantations Bhd ("buy"; TP: RM2.29) and TSH Resources Bhd ("buy"; TP: RM1.38). On a side note, after the movement control order (MCO) enforcement announcement by Prime Minister Tan Sri Muhyiddin Yassin yesterday, MIDF Research remained cautious about the production level due to a lower workforce as well as standard operating procedures (SOPs) in work areas. A lack of labour would lead to delays in harvesting activities, impacting the quality of fruit bunches. Nonetheless, it opined that the enforcement of the MCO is unlikely to have much impact on the plantation sector as it is categorised as an essential economic sector and allowed to operate. Lam Jian Wyn

Posted by Plantermen > Jan 13, 2021 11:32 AM | Report Abuse

Analyst has not fathom in the floods that hit Sabah, Johor, Pahang and parts of Perak area. rotting fruits bunches will impact production and affect the estate's Oil per ha

Posted by kinuxian > Jan 19, 2021 12:09 PM | Report Abuse

Q4 most likely perform slight better than Q3 instead of the other way round anticipated by MBB.

Full year production output meet MBB estimation, but average cpo price exceed their target especially Q4.

Posted by Gabriel Khoo > Jan 19, 2021 1:20 PM | Report Abuse

275m

Posted by kinuxian > Jan 19, 2021 4:27 PM | Report Abuse

If they can archive 275m, that's mean coming Q4 got to beat their best quarters - 81.9mil @ 3Q 11.

Posted by kinuxian > Jan 19, 2021 4:30 PM | Report Abuse

Anyway, my expectation around 250m-260m instead.

Posted by EngineeringProfit > Jan 19, 2021 10:37 PM | Report Abuse

Close to 300mil, huh

Posted by Jonathan Keung > Jan 20, 2021 7:59 AM | Report Abuse

Coming Qtr result plantation companies all positive

Posted by kinuxian > Jan 20, 2021 9:23 AM | Report Abuse

https://www.freemalaysiatoday.com/category/nation/2021/01/20/palm-oil-output-hit-by-double-whammy-of-floods-and-scarce-labour/