Market disappointed with golden Agri not indofood and bumitama
https://m.investing.com/commodities/crude-palm-oil
Cpo bounce up 2.2%
Big buy indofood
Cpo bounce up 2.2%
Big buy indofood
This is one counter that strong results do not equate to strong stock price. The good results already anticipated when it moved to 58c last week. But as usual, no buying interests and it just slipped again and trading sleepily in low to mid 50s range. Sianzzzzx
TA rule FA. Wait for cpo to bounce and price to be supported.
5%? Cpo will be back to rm 2900+ level if response with soy oil price.
Traders in Kuala Lumpur said the market was tracking stronger soyoil on the Chicago Board of Trade and one said the market would probably be stuck in a range for the next few days in the absence of any bullish signa
Read more at http://www.thestar.com.my/business/business-news/2017/03/01/palm-recovers-from-near-four-month-low/#kpsPGUx2Bj3fXuMc.99
4.5% rally in soy oil price. Highest hit 6%. Let's see how cpo response today.
Just nice indofood post a fantastic result.
Read more at http://www.thestar.com.my/business/business-news/2017/03/01/palm-recovers-from-near-four-month-low/#kpsPGUx2Bj3fXuMc.99
4.5% rally in soy oil price. Highest hit 6%. Let's see how cpo response today.
Just nice indofood post a fantastic result.
https://m.investing.com/commodities/us-soybean-oil-advanced-chart
Soy oil price bounce up +4.57%, highest hit 6%.
Cpo price in Asia market shall follow.
Don't miss the boat. Palm oil price drop mainly due to worrying of soy oil price falling which create pressure on vegetable oil competition(soy oil preferred in market).
With such a strong bounce, we can expect the rally can be continue by. Breaking new high for soy oil since soy oil is at historical low level 34 vs historical high at 58.
With low inventory stock in Malaysia and Indonesia, cpo price will be pulled up together.
Let's hope for a vegetable oil price rally, then you will see a fast jumping on Palm oil counters especially undervalued with high gross margin like indofood Agri and bumitama Agri. Golden Agri forget it. 16% vs 30%, golden Agri didn't manage their plantation well.
Soy oil price bounce up +4.57%, highest hit 6%.
Cpo price in Asia market shall follow.
Don't miss the boat. Palm oil price drop mainly due to worrying of soy oil price falling which create pressure on vegetable oil competition(soy oil preferred in market).
With such a strong bounce, we can expect the rally can be continue by. Breaking new high for soy oil since soy oil is at historical low level 34 vs historical high at 58.
With low inventory stock in Malaysia and Indonesia, cpo price will be pulled up together.
Let's hope for a vegetable oil price rally, then you will see a fast jumping on Palm oil counters especially undervalued with high gross margin like indofood Agri and bumitama Agri. Golden Agri forget it. 16% vs 30%, golden Agri didn't manage their plantation well.
Indofood strong buy !!!! With strong earning visibility and undervalued. Market will spot it in one day.
Ask golden Agri to dead who lead this round dump with merely 16% gross margin.
Ask golden Agri to dead who lead this round dump with merely 16% gross margin.
https://m.investing.com/commodities/us-soybean-oil
Strong bounce on soy oil.
Hope tomorrow Asia market cpo pump too.
Indofood result is really fantastic with 33.3% margin gross. This is achieved with average 3080 rm cpo price.
Now is 2800. Initially I expect price break 3150 and move higher. Now let's look at soy oil price bounce can go higher, cpo with low inventory can fly higher.
Strong bounce on soy oil.
Hope tomorrow Asia market cpo pump too.
Indofood result is really fantastic with 33.3% margin gross. This is achieved with average 3080 rm cpo price.
Now is 2800. Initially I expect price break 3150 and move higher. Now let's look at soy oil price bounce can go higher, cpo with low inventory can fly higher.
http://infopub.sgx.com/FileOpen/IFARFY16Result.ashx?App=Announcement&FileID=441457
http://infopub.sgx.com/FileOpen/IFARFY16Press.ashx?App=Announcement&FileID=441458
Very good result. Gross margin 33.3%
4q alone eps 1.6 cents. Full year 3.8 eps.
If cpo don't come down, with such kind of 4q result for full years 6.7 cents. Pe only 7.96.
Super undervalued.
http://infopub.sgx.com/FileOpen/IFARFY16Press.ashx?App=Announcement&FileID=441458
Very good result. Gross margin 33.3%
4q alone eps 1.6 cents. Full year 3.8 eps.
If cpo don't come down, with such kind of 4q result for full years 6.7 cents. Pe only 7.96.
Super undervalued.
https://m.investing.com/commodities/crude-palm-oil-advanced-chart
https://m.investing.com/commodities/us-soybean-oil-advanced-chart
Soy oil turn up in 4hr chart. Palm oil go flat.
Pending for result to come. Time to load at 3 month low. Hopefully indofood result can be good.
https://m.investing.com/commodities/us-soybean-oil-advanced-chart
Soy oil turn up in 4hr chart. Palm oil go flat.
Pending for result to come. Time to load at 3 month low. Hopefully indofood result can be good.
anyone know why palm stocks like indo, golden trending down? I am interested in these counters....
Just forget the useless dragon golden Agri, hope indofood Agri tight with bumitama which both are low float.
Golden Agri is too heavy and cash flow is also not so healthy.😁 😁 😁
Golden Agri is too heavy and cash flow is also not so healthy.😁 😁 😁
earlybird14 ( Date: 27-Feb-2017 16:53) Posted:
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A u turn for price back to 52-52.5. In fact, 3 month ago same chart are formed the same.
Hopefully, cpo and soy oil price recover fast and tomorrow a good result for all Palm oil counters resume the rally from bottom.
3 dollars to 0.4 plus. Now just 52.
Hopefully, cpo and soy oil price recover fast and tomorrow a good result for all Palm oil counters resume the rally from bottom.
3 dollars to 0.4 plus. Now just 52.
earlybird14 ( Date: 27-Feb-2017 15:22) Posted:
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Seems like cycle u-turn fr cpo
https://m.investing.com/commodities/crude-palm-oil
https://m.investing.com/commodities/us-soybean-oil
Soy oil palm oil both sideline, hopefully they find their support here.
Palm oil inventory in Malaysia is low. The down of cpo is triggered by Brazil soybean harvest and breaking soy oil support to lower level.
So long as soy oil can find her support, cpo will be supported back.
Both month chart are still above mid bollinger which mean still got hope the bounce from bottom for vegetable oil will be continue.
This is main reason I keep hope for Palm counter but I have dropped golden Agri with it poor gross margin and turn focus on indofood and bumitama.
https://m.investing.com/commodities/us-soybean-oil
Soy oil palm oil both sideline, hopefully they find their support here.
Palm oil inventory in Malaysia is low. The down of cpo is triggered by Brazil soybean harvest and breaking soy oil support to lower level.
So long as soy oil can find her support, cpo will be supported back.
Both month chart are still above mid bollinger which mean still got hope the bounce from bottom for vegetable oil will be continue.
This is main reason I keep hope for Palm counter but I have dropped golden Agri with it poor gross margin and turn focus on indofood and bumitama.
earlybird14 ( Date: 27-Feb-2017 15:25) Posted:
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bought at 0.57 when i didn' t know about technical analysis, thinking that the fundamental will be good due to recovering CPO price in 4q 2016 up to feb 16. i think the results release tomorrow should be positive and as long as cpo prices don' t drop by too much from current levels, the share should slowly recover. but i feel like soft commodities stocks are too dependent on commodity prices for my liking and I will probably run away once i break even.
Golden Agri swallow their bitter fruit with merely 14.5% gross margin.
Bumitama turn green today with 35% gross margin.
Indofood has about 24% gross margin as per last quarter.
So, let's see if bumitama and indofood will be rewarded with their better gross margin in next few days by expecting cpo price bounce.
Soy oil price are at month support level and hopefully the dropping can be stopped and bounce to come soon.
Bumitama turn green today with 35% gross margin.
Indofood has about 24% gross margin as per last quarter.
So, let's see if bumitama and indofood will be rewarded with their better gross margin in next few days by expecting cpo price bounce.
Soy oil price are at month support level and hopefully the dropping can be stopped and bounce to come soon.
Price hit 3 month low, result coming ahead. Cpo price stagnant at 2800.
Who want to buy for a bounce? Now will be good price to enter, cpo price continue to decide the market trend.
Who want to buy for a bounce? Now will be good price to enter, cpo price continue to decide the market trend.
Hopefully price support 53-53.5 till Tuesday, and hope cpo and soy oil price can bounce up from Monday, positive issues happen on Tuesday to pump cross 58-59 onwards.
earlybird14 ( Date: 24-Feb-2017 10:28) Posted:
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