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Golden Agri-Res
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GoldenAgr
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Wasim_Trade
Senior |
13-Mar-2020 10:39
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Hi ther, May i know who is BB ? thank u ..sorry im new to this Forum
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AhLiang
Elite |
13-Mar-2020 10:05
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The golden opportunities to do double bottom, triple bottom are gone because this BB prefer cheap cheap and instead forced a bottom breakdown after an awesome result.
Now it is overall trend, overall sentiment no matter how deep his pocket is he can't fight. This counter hard to rise because it is not investors-friendly. People lost faith. Buy SemMarine no matter how lousy still better than this sick elephant.
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AhLiang
Elite |
13-Mar-2020 09:51
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Now this BB can have it cheap. No need to use a pressure cooker to burn the potato hot already he can eat all.
Waiting at 0.12. For the time being easy sip kopi ha ha |
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vivacious
Supreme |
13-Mar-2020 09:37
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near 0.15 liao | ||
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Force16
Member |
13-Mar-2020 08:19
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Fitch Solutions: CPO prices to average higher PETALING JAYA: Fitch Solutions expects crude palm oil (CPO) prices to average at RM2,300 per tonne this year, above last year&rsquo s RM2,162, despite soft global demand. It noted that the forecast represented a reduction from the spot price of RM2,442 per tonne and reflected its expectation of continued global demand weakness. &ldquo While production will see limited growth due to environmental concerns, demand in key import markets will be sharply constrained by the economic effects of Covid-19 and relative affordability of substitutes.
&ldquo An expected global economic slowdown and low oil prices will outweigh the bullish demand factors that drove palm oil price appreciation in fourth-quarter 2019, &rdquo it said in a report. On CPO production, the research house expects a modest 3% increase this year.
It said that while favourable weather conditions would drive an increase in Indonesian yields, Malaysian production growth would be constrained due to an early season drought. &ldquo Furthermore, planted area growth in Indonesia and Malaysia will continue to slow, weighing on headline production numbers, &rdquo it said. Fitch Solutions also sees three factors driving palm oil&rsquo s weaker international demand this year &ndash the impact of the Covid-19 outbreak, weaker crude oil prices as well as geopolitical and environmental motives including the ongoing dispute between India and Malaysia. PublicInvest Research is also positive on the outlook for CPO prices this year, with a full-year assumption of RM2,600 per tonne. This, it said, was attributed to the declining palm oil production as a result of a cut in fertliser application and prolonged dry weather. &ldquo Nevertheless, CPO prices have not been spared from the recent commodity price plunge, given mounting concerns over the global spread of the coronavirus and the resultant weakening in demand for commodities, &rdquo said the research house, which has an &ldquo overweight&rdquo stance on the sector. OUB Kay Hian Research, meanwhile, said the recent selling pressure on CPO could have been due to negative sentiment arising from the Covid-19 epidemic and the crude oil price slump. It expects CPO prices to trade lower in the near term, following the sharp decline in crude oil prices. |
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Force16
Member |
13-Mar-2020 08:16
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Palm oil demand could pick up ahead of Ramadhan &mdash Affin Hwang Capital Research The Edge Markets (11/03/2020) KUALA LUMPUR (March 11): Demand for palm oil products could improve in March and April ahead of Ramadhan and a rapprochement between the new administration in Putrajaya and India. In a plantation sector note this morning, Affin Hwang Capital Research said Ramadhan festivities &mdash which starts in late April this year &mdash is a factor that is expected to improve demand for palm oil products. Another factor is the reconciliation between Malaysia and India, considering the latter&rsquo s decision to lift safeguard duties, which were applied in September 2019 until early March 2020, on Malaysian refined palm oil. In terms of production, the research house is forecasting Malaysian crude palm oil (CPO) production in 2020 to be 1% to 2% lower due to the lagged effect of the dry weather in 2019, lower fertilisation application and minimal new plantings of oil palm trees. 2019&rsquo s overall CPO production in Malaysia stood at 19.9 million metric tonnes (MT), while CPO production for the first two months of 2020 was down 25% year-on-year to 2.46 million MT. Malaysia&rsquo s palm oil inventory in February 2020 declined 4.2% month-on-month to 1.68 million MT, the lowest point since June 2017 following higher total consumption of palm-oil products vis-à -vis production. Affin Hwang Capital is expecting the downtrend in palm oil inventory levels to continue for the next one to two months as total consumption is expected to outweigh production, While it is optimistic that CPO prices will recover due to the expectation of supply tightness for the eight vegetable oils in the first half of the year, the research house pointed out that the continued presence of the Covid-19 outbreak, oil price crisis or continued weakness in market sentiment would likely put its 2020 CPO average selling price (ASP) forecast of RM2,500 a MT at risk. &ldquo Across our coverage, we have ' buy' ratings on Ta Ann Holdings Bhd, IJM Plantations Bhd, Hap Seng Plantations Holdings Bhd, Kuala Lumpur Kepong Bhd (KL Kepong), FGV Holdings Bhd and Jaya Tiasa Holdings Bhd, and ' hold' ratings on IOI Corp Bhd, Sime Darby Plantation Bhd and Genting Plantations Bhd. We are ' overweight' on the plantation sector as we expect 2020 to be a better year for the companies. " We like: (1) KL Kepong (large-cap) as we expect future earnings to improve on the back of higher CPO prices coupled with its cheaper valuation as compared to the sector average and (2) Ta Ann (small-mid cap) on the back of its improving earnings (higher log sales volume, and stronger CPO production and ASP),&rdquo noted Affin Hwang Capital. |
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tritonyeah666
Elite |
12-Mar-2020 20:54
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Strap on your seat belts we are going down the roller coaster tomorrow! | ||
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AhLiang
Elite |
12-Mar-2020 12:36
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Expect to see another round of sell-down tomorrow. | ||
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AhLiang
Elite |
12-Mar-2020 12:32
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I thought yesterday you said you were building up your huge long position? You deleted the post?
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tritonyeah666
Elite |
12-Mar-2020 12:18
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Yeah ahliang, I never meant to disagree with u. I just felt this time it was the macro leading the fundamentals which it was why I felt it would be 0.15 levels even if dividend is at 0.005. Normal rational logic doesn't apply here. | ||
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AhLiang
Elite |
12-Mar-2020 12:12
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Let's hope the bear is not the advance party sent by Mr Recession.
During the last recession the price was 0.12.xx. This morning it was like holders rushing for the exit door, not shorts. |
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Longtermer
Elite |
12-Mar-2020 09:56
Yells: "A disciplined investor is a wealthy investor" |
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Great. Will join u to scoop. Cheers
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vivacious
Supreme |
12-Mar-2020 09:53
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queuing at 168 | ||
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tritonyeah666
Elite |
12-Mar-2020 08:59
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0.15 target today. | ||
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AhLiang
Elite |
11-Mar-2020 17:35
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Shortishs capitalised on the general market weakness and shorted again. Looks like BB ate most of those
at 0.176. |
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Ryanboi
Member |
11-Mar-2020 14:25
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Seems like today still stuck at 175 to 178. Strong support at 175. up or down seems like a guessing game. |
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Ryanboi
Member |
11-Mar-2020 12:54
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oh bro u going to short it down ?
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tritonyeah666
Elite |
11-Mar-2020 12:37
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Down boy, down!! | ||
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Ryanboi
Member |
11-Mar-2020 11:17
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Seems today shortist engine not start yet . Maybe in the afrernoon.
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AhLiang
Elite |
11-Mar-2020 10:47
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Shortish so iron-teeth | ||
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