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Indofood Agri
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Indofood Agri Resources
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MarcLim
Veteran |
07-Oct-2016 11:33
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At least Got bit of volume 🤔 🤔 🤔
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Qanghoo
Supreme |
06-Oct-2016 22:38
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Brother, this one finally got a bit of viagra injected. Hope they pump it more. But CPO px like weakening leh. Maybe, they withdraw the viagra from CPO in pump it directly into IA. Haha. I' m vested n straining my neck too .....
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HuathuatLeo
Elite |
06-Oct-2016 22:31
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wow, this counter today can touch 47. Jiayou..now let' s go on to 70 , 80, 1.00 , 1.50, 2.00. Btw where is kukubird? hahaha |
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HuathuatLeo
Elite |
05-Oct-2016 10:13
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every counter of mine run except this useless indo d1ck head. waiting for? hahaha |
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Qanghoo
Supreme |
29-Sep-2016 11:39
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Precisely .... by mandate. Happpening in Indonesia. Malaysia suppose to do it too, but, like I said, dragging its feed. But again, a lot of trading is sentiment based. So long as oil chiong, there is a possbiility for CPO to follow suit even if, like I said, a small extent. BUt again, DYODD ...
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mepkoh
Elite |
29-Sep-2016 11:34
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as long as oil price below $60... not feasible to convert to bio diesel... except by law... like indo..n europe
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Qanghoo
Supreme |
29-Sep-2016 11:31
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Both Malaysia n Indonesia have a programme to blend more biodiesel. But I believe that it' s the current low oil px that makes them (especially Malaysia, I understand) keep dragging their feet. But latest is (don' t know how accurate though) Indonesia is now going for B15 or 20, ie blending 15-20% of palm into diesel ....
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Qanghoo
Supreme |
29-Sep-2016 11:25
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The arguement goes like this When oil px goes up, makes more sense n push to blend more palm into biodiesel. Hence, there is a co-relation, though not a strong one .....
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HuathuatLeo
Elite |
29-Sep-2016 11:08
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wrong oil la. This one is palm oil. No OPEC to support, only got APEK. hahaha. This bugger have to wait long long liao. haiz.
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Qanghoo
Supreme |
29-Sep-2016 07:29
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Oil px up. Another minor +ve for CPO ....
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Qanghoo
Supreme |
28-Sep-2016 22:00
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For me, it' s buy. I always stress, DYODD though. There seems to be a confluence of positive factors in play now, some of which have been posted by our brother forumer below - upbeat import data from Russia, reduced palm oil tax in India, possible La Lina event leading to a slightly negative impact on harvest, sugar n rubber px seem to have bottomed, etc. However, this counter seems in a deep slumber at the moment n don' t know when will wake up. Also, CPO px has been somewhat volatile of late (eg, closing px on Bursa 2715 on 26 Sep, but dropped 2% yesterday). So, advisable not to be over optimistic.
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MarcLim
Veteran |
28-Sep-2016 19:29
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Good news to sell? Or buy? 😅
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HuathuatLeo
Elite |
28-Sep-2016 17:13
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September 26, 2016:
Malaysian palm oil futures on the Bursa Malaysia Derivatives ended higher on expectations there would be higher demand from the world&rsquo s biggest edible oil importer. CPO active month December futures have been moving perfectly in line with our expectations. As mentioned earlier, a close above MYR 2,675-80 levels could see prices testing 2,725/tonne, another significant resistance, followed by 2,765. A breakout could trigger a major bullish trend going forward. Prices broke out of a broad consolidation in the 2,650-2730 range ahead of the Globoil conference. The price structures hint only at further scope to rise higher and any price declines may get well supported again. Very strong support is seen at 2,645-50 levels followed by 2,620 levels now, being a rising trend line support levels. As illustrated earlier, the bigger picture has gradually turned friendly and shows bullish tendencies, and now, we are seeing adequate confirmation of a bullish reversal that has materialised. While the supports mentioned above hold well, strong resistance at 2,760-70 is expected to be tested in the coming sessions. In the medium-term picture, there is scope for this uptrend to turn into a very strong one, even targeting 3,200 levels. But, this could happen after a downward correction subsequent to testing of the abovementioned targets. Only an unexpected decline below 2,600 could dash our bullish hopes and turn the picture neutral again. Wave counts: A possible new impulse looks to have started again. One of our targets at 1,850 was met. As mentioned earlier, we expected prices to push higher towards 2,645 initially and then correct lower in a corrective pattern towards 2,460 or even lower to 2,225 , and then subsequently rise towards a medium to long-term target at 2,900-2,925, which could bring this current impulse to an end. We have maintained for several weeks now that any dips could prove to be an opportunity to participate in the upcoming uptrend. However, the picture could turn weak if prices unexpectedly went below 2,400. RSI is in the neutral zone now, indicating that it is neither overbought nor oversold. The averages in MACD have gone above the zero line of the indicator, hinting at a bullish reversal in trend. Only a crossover again below the zero line could hint at fresh weakness. Therefore, look for palm oil futures to test the resistance levels and correct lower subsequently. Supports are at MYR 2,660, 2,620 and 2,575. Resistances are at MYR 2,760, 2,790 and 2,825. The writer is the Director of Commtrendz Research There is risk of loss in trading. (This article was published on September 26, 2016)
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HuathuatLeo
Elite |
28-Sep-2016 17:11
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Not only India but Russia now drinking palm oil. Russia imported record high volumes of palm oil28.09.2016
In August 2016 Russia imported 91.6 KMT of palm oil, which was 36% higher than in the previous month (67.4 KMT), but 11% lower than in August 2015 (103 KMT). Total purchases in 2015/16 (September-August) equaled 927.8 KMT, or 12.3% higher than over 2014/15 (826 KMT). Key supplier is Indonesia, which has 85% in Russian imports (more than 795 KMT).
As expected UkrAgroConsult, in 2015/16 Russian palm oil imports reached record volumes. By the end of the season the influence of excise duty cancellation for imported palm oil allowed to increase its purchases in the last two months of the reporting period.
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Qanghoo
Supreme |
28-Sep-2016 09:01
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Sugar now 23USD, > 70% up from 2016 low of USD13+ (Feb 16). But IA sagging n sagging. Chng Kays have not yet pressed " fire" button .....
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HuathuatLeo
Elite |
28-Sep-2016 00:06
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Palm oil price already rising..and may hit RM3000 end of this yr or early next year. http://www.thestar.com.my/business/business-news/2016/03/10/palm-oil-prices-seen-hitting-rm3000-as-el-nino-curbs-output/ http://english.astroawani.com/business-news/palm-oil-prices-may-rise-rm3-000-tonne-next-year-114789
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Qanghoo
Supreme |
27-Sep-2016 23:20
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If the various media rpts are to be believed, prediction is CPO wld reach RM3k in 4Q16. Some Malaysian producers are targeting Mar 17 for production to normalise, if I recall correctly. But DYODD as always. I' m buying based on my own optimism, which may or may not materialise.
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waters
Senior |
27-Sep-2016 22:44
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El nino has ended in June this year. There is a lagged effects of six months. Thus we should be seeing improved fruits ffb production in December onwards |
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Qanghoo
Supreme |
27-Sep-2016 21:24
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By the way, indicators are pointing towards a possible la lina. Pt is, if rains are too heavy, palm oil production might also be adversely impacted. Qn is how bad, n will buoyant px > offset lean production. Let' s keep monitoring ....
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Qanghoo
Supreme |
27-Sep-2016 21:21
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I jeep a bit more this morning after reading abt the Indian tax cut yesterday. But px still drop. Sugar px buoyant. Rubber also abt nearly 20% off bottom, I think . Fact is, this mkt seems to me all share px controlled by some invisible beings .....
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