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CPO getting higher again. now at 5039
FR can' t be oblivion to the surging
price of the CPO
It wl move up strongly
FR can' t be oblivion to the surging
price of the CPO
It wl move up strongly
msksmsks ( Date: 29-Nov-2024 12:40) Posted:
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CPO broke 5000 and now standing at 5019
FR wl start moving strongly upwards
PDYODD
FR wl start moving strongly upwards
PDYODD
msksmsks ( Date: 29-Nov-2024 11:29) Posted:
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CPO stands at 4978, up again
Pretty soon, we may see 5000
One can' t ignore the rising prices without lifting
a lid on the share price .
Opined FR wl be gg up in no time..
Numbers don lie and those shorts wl need to cover
with scripts being returned or replenished in custodian acct
PDYODD
Pretty soon, we may see 5000
One can' t ignore the rising prices without lifting
a lid on the share price .
Opined FR wl be gg up in no time..
Numbers don lie and those shorts wl need to cover
with scripts being returned or replenished in custodian acct
PDYODD
msksmsks ( Date: 29-Nov-2024 08:54) Posted:
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Artificial depression by the concerted effort fm Angmoh hses
wl not be indefinitely.
With escalating CPO prices and staying elevated, the flood
gate wl need to be opened for FR to rise
Technically, FR is bottomish and poised for reversal once
1.51 is breached
PDYODD as usual
wl not be indefinitely.
With escalating CPO prices and staying elevated, the flood
gate wl need to be opened for FR to rise
Technically, FR is bottomish and poised for reversal once
1.51 is breached
PDYODD as usual
CPO stands at 4903
Wtih escalating prices and staying elevated ,
it wl agurs well for palm stocks including FR
Opined 4Q result wl be good and looking fwd
to higher dividend payout for 2H24 .
The subsequent qtrs wl be better in vis-a-vis
comparison for FY25
Know what u are investing and what' s forthcoming
PDYODD
Wtih escalating prices and staying elevated ,
it wl agurs well for palm stocks including FR
Opined 4Q result wl be good and looking fwd
to higher dividend payout for 2H24 .
The subsequent qtrs wl be better in vis-a-vis
comparison for FY25
Know what u are investing and what' s forthcoming
PDYODD
After recent retracement fm CPO high of ard 5200
to 46XX level, now the price is back abv 48xx level.
Bodes well for palm stocks. and wl agurs well
for FR gg fwd.
Looking fwd share price to move ahead soon
PDYODD
to 46XX level, now the price is back abv 48xx level.
Bodes well for palm stocks. and wl agurs well
for FR gg fwd.
Looking fwd share price to move ahead soon
PDYODD
As usual, selling by the angmoh
(HSBC, ML, MS) in concerted
effort again . Nothing new and
hv seen and experienced b4.
It's been a lacklustre year for FR due
to falling CPO prices.
But recent strong CPO wl agurs well
for FR gg fwd .
Opined FR wl do well 4Q24 and subsequent
qtrs too.
PDYODD
(HSBC, ML, MS) in concerted
effort again . Nothing new and
hv seen and experienced b4.
It's been a lacklustre year for FR due
to falling CPO prices.
But recent strong CPO wl agurs well
for FR gg fwd .
Opined FR wl do well 4Q24 and subsequent
qtrs too.
PDYODD
Abt to turn up ..
Bottomish and reversal in the making
CPO trending up after recent retracement
4Q result shld be good due to recent high CPO
and possibly higher dividend and also forthcoming
qtrs wl be better
Cheers
Bottomish and reversal in the making
CPO trending up after recent retracement
4Q result shld be good due to recent high CPO
and possibly higher dividend and also forthcoming
qtrs wl be better
Cheers
msksmsks ( Date: 25-Nov-2024 09:18) Posted:
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Reversal in the making after forming the base 1.48
First Resources Q3 profit up 19.3% to US$61 million
This comes amid higher average selling prices and improved processing margins
FIRST Resources : EB5 +1.29%&rsquo net profit for the third quarter ended September rose 19.3 per cent to US$61 million, from US$51.1 million in the previous corresponding period.
Sales were up 2.3 per cent at US$253.9 million for the quarter, while earnings before interest, taxes, depreciation and amortisation increased 27.8 per cent on the year to US$105.9 million.
This brings the nine-month net profit to US$151.6 million, up 27.6 per cent from US$118.8 million in the same period last year.
Sales for the nine-month period were up 2 per cent on the year to US$711.1 million.
On Thursday (Nov 14), the group said that the better financial performance came amid higher average selling prices, as well as improved processing margins.
&ldquo Lower-than-expected palm oil production and increasing domestic consumption from Indonesia have tightened global supply-demand dynamics, pushing palm oil prices higher,&rdquo noted First Resources.
For Q3, its crude palm oil production inched up 0.2 per cent to 287,004 tonnes and palm kernel production grew 0.8 per cent to 62,567 tonnes.
First Resources also harvested 2.4 per cent more fresh fruit bunches in Q3 &ndash 1.1 million tonnes.
For the nine-month period, crude palm oil production improved 3.5 per cent to 717,250 tonnes, and palm kernel production rose 3.9 per cent to 156,169 tonnes.
Fresh fruit bunches harvested were up 4.5 per cent at 2.7 million tonnes.
The group noted that Indonesia&rsquo s biodiesel mandate, which is set to increase from B35 to B40 next year, is expected to drive domestic demand and consumption.
Additionally, changes to Indonesia&rsquo s export levy structure in September this year will also reduce the export tax burden for exporters, said First Resources.
The group remains cautious about weather conditions, global economic factors and geopolitical dynamics.
As at Sep 30, attributable equity increased 6.7 per cent to US$1.4 billion, from US$1.3 billion as at Dec 31. This was mainly due to profits generated during the nine-month period, partially offset by dividends paid to shareholders during the period.
The group also highlighted a healthy financial position with a gross gearing ratio of 0.19 times, as well as cash and bank balances of US$147.9 million as at Sep 30.
KGI Research
First Resources (FR SP): Palm oil prices at a two-year high
BUY Entry &ndash 1.48 Target&ndash 1.60 Stop Loss &ndash 1.42
First Resources (FR SP): Palm oil prices at a two-year high
BUY Entry &ndash 1.48 Target&ndash 1.60 Stop Loss &ndash 1.42
Palm Oil prices green green green again
Multi years high once again
Hopefully next month can go even higher due to Malaysia New Tax starting 1 Nov
Should be great for Indo Palm companies since they are Indo, and not subjected to this extra tax enjoy the fruits of Malaysia Policy which help to drive price higher
Multi years high once again
Hopefully next month can go even higher due to Malaysia New Tax starting 1 Nov
Should be great for Indo Palm companies since they are Indo, and not subjected to this extra tax enjoy the fruits of Malaysia Policy which help to drive price higher
superstartup ( Date: 28-Oct-2024 12:29) Posted:
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People think Palm Oil price will move in same direction with Crude Oil price
Both oil, but different la
Palm Oil Futures is now Green
Both oil, but different la
Palm Oil Futures is now Green
Really above 150
Bumitama, see later catch up anot and go above 80
superstartup ( Date: 25-Oct-2024 10:56) Posted:
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Malaysia&rsquo s palm oil surge: What&rsquo s driving prices to biggest highs since 2022?
By Malay Mail
Friday, 25 Oct 2024 9:40 AM MYT
KUALA LUMPUR, Oct 25 &mdash Palm oil prices in Malaysia surged to their highest levels since July 2022, with Bursa Malaysia&rsquo s third-month crude palm oil futures closing at RM4,486 per tonne on Wednesday (October 23).
According to analysis by BMI, this marks a 22.6 per cent increase for the year to date and a 19.5 per cent gain compared to the same period in 2023.
Palm Oil Futures open low
But now Back Up
Green liao
Multi-years high again
Hopefully First Resources can break 150,
And Bumitama can break 80 soon
And stay, consolidate above these levels will be very good
But now Back Up
Green liao
Multi-years high again
Hopefully First Resources can break 150,
And Bumitama can break 80 soon
And stay, consolidate above these levels will be very good
Palm Oil futures hit MYR 4,684
Today closing over at Malaysia
Multi-Years High
Today closing over at Malaysia
Multi-Years High
Palm Oil increased to a 26-week high of 4408.00 MYR/T. Over the past 4 weeks, Palm Oil gained 11.55%, and in the last 12 months, it increased 20.53%.
11 minutes ago
11 minutes ago
Alamak EU deforesting law ouch for palm oil producers. Europeans bullying Indonesia and Malaysia will probably result in some short term share price pain. But in terms of fundamentals should not make too much difference. Palm oil is fungible, and if Europeans don' t want to buy from Indonesia and Malaysia then they will buy elsewhere, and those non European people who otherwise would have bought elsewhere will now buy from Indonesia and Malaysia. So just a roundabout in the end.
SBB din stop FR slipping down, sigh
If 1.36 can' t hold , then perhaps wl go to 1.33 like last time.
But opined it wl resume uptrend for 2Q or half year result ....
and possibly ushering higher dividend vis-a-vis comparison
CPO is steady risiing abv 4K shld agurs well for FR
If 1.36 can' t hold , then perhaps wl go to 1.33 like last time.
But opined it wl resume uptrend for 2Q or half year result ....
and possibly ushering higher dividend vis-a-vis comparison
CPO is steady risiing abv 4K shld agurs well for FR