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Palm oil price continues to power forwards with strong institutional buys according to SGX data (https://www.sgx.com/research-education/data-reports). From this SGX research data, look like shortists & retailers (with no holding power) r the ones selling to insttutional BBs. These BBs probably know somethings we don' t .... Anyway the graph below shows clearly Golden Agri coming Q1 result will be very good!
Maxlim3, What r the possible actions that Indo & Malayaia governments may do which may affect profit level?
The whole issue is high worldwide inflation has pushes up all commodities prices n in this case palm oil benefiting from the shortage of sunflower and rapeseed oils, which Russia and Ukraine account for nearly 75% of the global exports, is forcing major importers to look for alternatives including palm oil from Malaysia and Indonesia. Any counter measure by any government is likely limited, n if subbornly enforce is economically unsustainable.
While rising CPO price is good, I hope it does not go any higher. Any higher may trigger more drastic actions from the indo and Malaysia governments which may affect profit level.
Catrade ( Date: 15-Apr-2022 16:23) Posted:
Another piece of good news for Palm oil, company like Golden Agri ! Expecting good profit in coming Q1
https://tradingeconomics.com/commodity/palm-oil
Malaysian palm oil futures touched a 4-week high of 6419 MYR a tonne and were on track to book an over 8% gain for the week, the biggest weekly jump in more than six months, buoyed by worries over tight supply and strong demand from top buyers India and China. The shortage of sunflower and rapeseed oils, which Russia and Ukraine account for nearly 75% of the global exports, is forcing major importers to look for alternatives including palm oil from Malaysia and Indonesia. India' s palm oil imports jumped 18.7% in March from the previous month as investors moved to secure alternatives to sunflower oil coming from Ukraine. Meanwhile, exports of Malaysian palm oil products for April 1-10 fell 19.3% from the same period in March, according to data by cargo surveyors. On top of that, the Malaysian Palm Oil Council forecast a slight rise in 2022 global output, with Malaysia' s production seen at 18.9 million tonnes and Indonesia' s at 47.1 million tonnes.
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Another piece of good news for Palm oil, company like Golden Agri ! Expecting good profit in coming Q1
https://tradingeconomics.com/commodity/palm-oil
Malaysian palm oil futures touched a 4-week high of 6419 MYR a tonne and were on track to book an over 8% gain for the week, the biggest weekly jump in more than six months, buoyed by worries over tight supply and strong demand from top buyers India and China. The shortage of sunflower and rapeseed oils, which Russia and Ukraine account for nearly 75% of the global exports, is forcing major importers to look for alternatives including palm oil from Malaysia and Indonesia. India' s palm oil imports jumped 18.7% in March from the previous month as investors moved to secure alternatives to sunflower oil coming from Ukraine. Meanwhile, exports of Malaysian palm oil products for April 1-10 fell 19.3% from the same period in March, according to data by cargo surveyors. On top of that, the Malaysian Palm Oil Council forecast a slight rise in 2022 global output, with Malaysia' s production seen at 18.9 million tonnes and Indonesia' s at 47.1 million tonnes.
JPMorgan Says Be Ready for 40% Commodities Rally in Market Shift
12:11 PM IST, 07 Apr 2022 6:18 PM IST, 08 Apr 2022
By looking at the huge volume and price movement of Golden Agri today, it seems that big clients took the cue of JPMorgan hv moved in to accumulate this commodities stock(Golden Agri) while its still reasonably low. Expecting more to coming in the coming days n weeks..
Already SMART said it' s earnings growth momentum will carry into the first half fy 2022. Expect another interim. Price stalled recentlybecause last month one hardup SSH sold a few million shares to raise some funds. But that SSH still has a few hundred millions shares in his pockets......interesting is another SSH sold just 2 million but still have 1.5 billion left..... wonder why....
share buy backs about to start I believe....
Catrade ( Date: 11-Apr-2022 13:54) Posted:
From the chart below, Golden Agri coming Q1 is going to be very good, and v likely Analysts will further upgrade its Target Price and the company will use its US$100m alloted to buy in more shares... Exciting to look forwards to Q1
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Today blow Eastern Wind.
Vested.
Huat ah !
ysh2006 ( Date: 05-Apr-2022 12:46) Posted:
| No wind leh...charting this very slow!...oil went up today too!! |
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From the chart below, Golden Agri coming Q1 is going to be very good, and v likely Analysts will further upgrade its Target Price and the company will use its US$100m alloted to buy in more shares... Exciting to look forwards to Q1
Now palm oil back to above rm $6000 a tonne.
JPMorgan Says Be Ready for 40% Commodities Rally in Market Shift
Joanna Ossinger
12:11 PM IST, 07 Apr 2022 6:18 PM IST, 08 Apr 2022
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(Bloomberg) --Commodities could surge by as much 40% -- taking them far into record territory -- should investors boost their allocation to raw materials at a time of rising inflation, according to JPMorgan Chase & Co.
While allocations appear to be above historical averages on commodities, they are not very overweight, according to strategists led by Nikolaos Panigirtzoglou. That suggests scope for gains in raw materials, they said.
No wind leh...charting this very slow!...oil went up today too!!
Supply is tight & CPO price expected to increase further.
OK wait for Eastern Wind.
ysh2006 ( Date: 01-Apr-2022 16:27) Posted:
This counter seem like want to moving but lack of " " Ë astern Wind" " ...Some analysts already given nice reports let see market react.
CheeryVGoh ( Date: 31-Mar-2022 13:56) Posted:
Why Mewah (Yesterday traded at 0.43) trading much higher than Golden Agri at only 0.305?
Nett Prifit FY2021 :
Mewah : USD80M
GAR : USD476M
The one with robust profit trading at lower than the weaker one.
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This counter seem like want to moving but lack of " " Ë astern Wind" " ...Some analysts already given nice reports let see market react.
CheeryVGoh ( Date: 31-Mar-2022 13:56) Posted:
Why Mewah (Yesterday traded at 0.43) trading much higher than Golden Agri at only 0.305?
Nett Prifit FY2021 :
Mewah : USD80M
GAR : USD476M
The one with robust profit trading at lower than the weaker one.
ysh2006 ( Date: 31-Mar-2022 13:32) Posted:
| Golden Agris from charting wise seem about to break out but why still waiting for anything |
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Why Mewah (Yesterday traded at 0.43) trading much higher than Golden Agri at only 0.305?
Nett Prifit FY2021 :
Mewah : USD80M
GAR : USD476M
The one with robust profit trading at lower than the weaker one.
ysh2006 ( Date: 31-Mar-2022 13:32) Posted:
Golden Agris from charting wise seem about to break out but why still waiting for anything ?
Catrade ( Date: 12-Mar-2021 09:58) Posted:
A summary from Trading Economics :
The palm oil market extended its upward momentum, with Malaysian palm oil futures trading at around RM4,000 a tonne for the first time since March 2008 as demand is growing while production continues to decline. The latest data from the Malaysian Palm Oil Board showed February inventories decreased 1.8% from January to a three-month low and production fell 1.85%, the fifth consecutive month of drops. Meanwhile, imports from India, the biggest buyer of edible oil are set to rebound in March and April on higher demand after purchases fell to a 10-month low in the previous month leading to a reduction in stocks. Also, rallies in the likes of soyaoil and sunflower which are used in biofuels production have put extra pressure on prices as they also compete for a share in the global vegetable oils market.
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Golden Agris from charting wise seem about to break out but why still waiting for anything ?
Catrade ( Date: 12-Mar-2021 09:58) Posted:
A summary from Trading Economics :
The palm oil market extended its upward momentum, with Malaysian palm oil futures trading at around RM4,000 a tonne for the first time since March 2008 as demand is growing while production continues to decline. The latest data from the Malaysian Palm Oil Board showed February inventories decreased 1.8% from January to a three-month low and production fell 1.85%, the fifth consecutive month of drops. Meanwhile, imports from India, the biggest buyer of edible oil are set to rebound in March and April on higher demand after purchases fell to a 10-month low in the previous month leading to a reduction in stocks. Also, rallies in the likes of soyaoil and sunflower which are used in biofuels production have put extra pressure on prices as they also compete for a share in the global vegetable oils market.
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Catrade ( Date: 12-Mar-2021 09:58) Posted:
A summary from Trading Economics :
The palm oil market extended its upward momentum, with Malaysian palm oil futures trading at around RM4,000 a tonne for the first time since March 2008 as demand is growing while production continues to decline. The latest data from the Malaysian Palm Oil Board showed February inventories decreased 1.8% from January to a three-month low and production fell 1.85%, the fifth consecutive month of drops. Meanwhile, imports from India, the biggest buyer of edible oil are set to rebound in March and April on higher demand after purchases fell to a 10-month low in the previous month leading to a reduction in stocks. Also, rallies in the likes of soyaoil and sunflower which are used in biofuels production have put extra pressure on prices as they also compete for a share in the global vegetable oils market.
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A summary from Trading Economics :
The palm oil market extended its upward momentum, with Malaysian palm oil futures trading at around RM4,000 a tonne for the first time since March 2008 as demand is growing while production continues to decline. The latest data from the Malaysian Palm Oil Board showed February inventories decreased 1.8% from January to a three-month low and production fell 1.85%, the fifth consecutive month of drops. Meanwhile, imports from India, the biggest buyer of edible oil are set to rebound in March and April on higher demand after purchases fell to a 10-month low in the previous month leading to a reduction in stocks. Also, rallies in the likes of soyaoil and sunflower which are used in biofuels production have put extra pressure on prices as they also compete for a share in the global vegetable oils market.
With Palm oil broke the record high of 4,000(MYR/T) for the first in more then 12 yrs, Golden Agri price of 21.5c is very cheap.
