Post Reply
441-460 of 4720
Closed at 0.245 on very high volume. Selling today very well absorbed.
results on Friday the 13th next week.I got a feeling it would be a good day for everyone vested.
pdyohwadfmb
results on Friday the 13th next week.I got a feeling it would be a good day for everyone vested.
pdyohwadfmb
@ 0.24/0.245 now. Going strong.
But I m puzzled at the massive thrown down at the matching close yesterday. But the black market knows better.
But I m puzzled at the massive thrown down at the matching close yesterday. But the black market knows better.
Golden Palm may be gunning for 30. Don' t ask me why, because I just repeating what I heart in Jurong Fishery market...... seem impossible, as what people posted news. But if the mafia hinted so, anything can happen
the increased in palm oil blend into diesel has increased demand on palm oil.
short term is a boost as it increased demand for palm oil.
ecnomy returning to normal will increased demand from hotel, restaurants etc.
short term is a boost as it increased demand for palm oil.
ecnomy returning to normal will increased demand from hotel, restaurants etc.
pasttime ( Date: 30-Jul-2021 13:40) Posted:
|
clearing forest is only for new capacity. existing oil palm plantation plays a part just like a jungle.
green peace publish an article by a writter who say skip palm oil because orangutan living space is affected. exisiting oil palm plantation does not affect orangutan. malaysia and south africa has no orangutan. see all these as sponsor writting to favour other oil like soya bean, rapessed oil.
protectionist is active in those country.
green peace publish an article by a writter who say skip palm oil because orangutan living space is affected. exisiting oil palm plantation does not affect orangutan. malaysia and south africa has no orangutan. see all these as sponsor writting to favour other oil like soya bean, rapessed oil.
protectionist is active in those country.
RHB slashes target prices for plantation stocks amid ESG concerns
RHB has cut the agriculture plantation sector to " underweight" , from " neutral" previously, as environmental, social and governance (ESG) concerns continue to weigh on share prices." We believe this devaluation of plantation stocks' price-to-earnings (P/E) ratios will likely be permanent, as more issues may crop up over time, and as investors become more ESG-aware and start pricing it into their investment decisions," the research house said in a report on Friday.
RHB has lowered its valuation targets for all the plantation stocks under its coverage. " We believe the sector should no longer trade at a premium to the market," it added.
Worst-hit in the round of devaluations is palm oil plantation owner Golden Agri-Resources, which saw its target price slashed by 26.7 per cent to S$0.22, from S$0.30 previously. RHB has also downgraded its recommendation for Golden Agri to " neutral" from " trading buy" .
" While Golden Agri is also trading at single-digit P/Es, we believe its close correlation with and high sensitivity to crude palm oil (CPO) prices are likely to hamper its share price performance in the medium term," the research house said.
RHB added that it expects CPO prices to start declining in Q4 2021, and stay in a southward trend in H1 2022.
Meanwhile, RHB is maintaining its " buy" calls on Wilmar International and First Resources, but lowering their target prices by 10.9 per cent to S$5.75 and by 6.3 per cent to S$1.50, respectively.
It is also staying " neutral" on Bumitama Agri, and cutting its target price by 10 per cent to S$0.45.
" The negative news flow on the ESG front is likely to hamper any price recovery for the sector, and things may get worse before they get better," RHB said. " As more and more scrutiny is piled upon this sector, share prices and valuations will get dragged along with it."
Shares of Golden Agri, Wilmar, First Resources and Bumitama are all trading flat - at 23.5 Singapore cents, S$4.38, S$1.35 and S$0.46, respectively - as at 11.25am on Friday.
Long now to enjoy...
As long as the country where palm fruit is harvested still on MCO/lockdown, the yield of the crop will be affected, whatever the demand/supply is perceived.
Where to get sufficient workers to operate the machinery to collect / process the fruits, you wonder under pandemic and it is still not getting better?
Only forward PE is being traded, in my personal opinion.
Where to get sufficient workers to operate the machinery to collect / process the fruits, you wonder under pandemic and it is still not getting better?
Only forward PE is being traded, in my personal opinion.
Long to enjoy....
Golden Agri rides on demand spike, stronger prices for palm oil
Company also using technology to increase productivity and cost efficiencies, as well as to enhance profit margins
PALM oil plantation owner Golden Agri-Resources is expecting crude palm oil (CPO) prices to remain strong for the rest of the year, as dry weather conditions keep supply tight and the post-pandemic recovery in economic activity supports demand.
Richard Fung, director of investor relations at Golden Agri, told The Business Times that with the easing of lockdowns globally, the demand for palm oil has " quickly recovered" as the commodity is used as an essential ingredient in food staples.
However, the effect of this recovery has been uneven across sectors, he added. While demand from the consumer and energy sectors has been firm, demand for palm oil-based products catering to the hotels, restaurants, cafes (HORECA) space has not fully recovered.
" Demand is expected to remain strong amidst the progressing vaccination globally," said Mr Fung. " Other than high demand for palm oil for food purposes, biodiesel has also seen strong demand in recent years, especially in Indonesia."
Year to date, palm oil futures are up 9.9 per cent, recovering from their lows in February. However, the contract is currently down some 20.6 per cent on a month-on-month basis.
Despite the recent price fluctuations, Mr Fung explained that the demand-supply dynamics of the palm oil industry could bode well for the company.
As vaccinations are rolled out across the world, demand is expected to increase further as various restrictions are eased. This could also boost the demand for palm oil across multiple sectors.
On the supply side, weather conditions are a major factor for palm oil players such as Golden Agri as they affect fresh fruit bunch yields. In 2019, the company suffered a decline in yields due to a water deficit, but production began to recover at the end of 2020 and in Q1 2021.
Mr Fung said oilseeds production has been distorted in H1 2021 by extremely dry weather in South America and other parts of the world, which has in turn resulted in a tightness in global vegetable oil supply.
Golden Agri' s fruit yield for Q1 2021 was 5.3 tonnes per hectare, a 22 per cent year-on-year increase, due to favourable weather conditions.
He expects fruit production to be at a " normal level" this year, and full-year production to come in 10 per cent higher than last year.
Golden Agri is not just looking to tap on the industry' s uplift, though. It is also working to increase its efficiency and lower its costs of production.
Golden Agri' s plantations in Indonesia, which span some 536,000 hectares, have an average tree age of about 17 years. The company is also looking at replanting old estates with newer-generation crops and higher- yielding planting materials, which could increase long-term yields and production.
The company is also using technology to increase productivity and cost efficiencies, as well as to enhance profit margins. But these will only be implemented progressively.
Mr Fung said mechanisation of certain processes, for instance, could require the necessary infrastructure in the plantations, which can only be done after replanting.
" Our transformation team focuses on combining technology, digitalisation, and artificial intelligence with operational excellence to create new ways of working throughout our operational value chain," he added.
Golden Agri' s financial results for Q1 FY2021 indicated that the group had turned a corner. The group swung back into the black with a net profit of US$41 million, versus a net loss of US$95 million in the same quarter last year.
Revenue for the period rose 24 per cent year on year (yoy) to US$2.05 billion from US$1.66 billion. This was due to a 57 per cent y-o-y increase in the average international CPO (FOB Belawan) price to US$1,057 per tonne.
Mr Fung acknowledges that if the pandemic stretches on, Golden Agri could be in for a rough time. But he remains optimistic about the company' s ability to capitalise on market opportunities as its integrated business model will allow it to " quickly adapt to challenges under the ' new normal' conditions" .
He said: " With vaccination progressing globally, there is optimism that global economies will recover and further increase palm oil' s demand.
" Despite the resilient demand for palm oil, we need to stay prudent and alert, to anticipate any uncertainties and unforeseen challenges from the lingering Covid-19 pandemic."
Long now to enjoy...
should buy? ... stock looks good
Isolator ( Date: 09-Jun-2021 11:39) Posted:
|
Why so quiet here.... long to enjoy...
Closed 0.245 on moderate volume. If I care to analyse the timing, I dare say it mirrors the first rally pattern!
Lobster ( Date: 04-Jun-2021 11:03) Posted:
|
0.245 . The exact rally pattern as the first one. This should go on till next month
Long to enjoy...
Golden Agri-Res bounced off channel support. Next target will be attempting to close at $0.25. CCI is also becoming bullish.
Hugh buy queues starting to form nowadays. Closed 0.24, went as high as 0.245. If you still can' t see what I am trying to say, you really can' t see.
Lobster ( Date: 25-May-2021 17:20) Posted:
|
Long to enjoy...
Some people accumulating? Very interesting pattern