Jim he doesn’t buy to make peanuts chap!! He targets large returns The only way you lose is to get greedy when the exit takes place Same as any other trade One problem can be delayed notification always cheywhen he was buying Following institutions buying will give you a seventy thirty chance of success GLA
The management are to stupid to get on the ball Always late too the party Institutions are selling also Got rid of a certain amount on latest spike Will sit tight but not overly happy with the situation and the selling although 120 will see my departure GLA
[KUALA LUMPUR] - Malaysia's state-owned palm oil company Felda will make another offer to buyout FGV Holdings Bhd, the Edge Weekly reported on Saturday, despite a failed takeover attempt last month.
The Federal Land Development Authority, or Felda, said in March that it had only obtained 81 per cent equity interest in FGV - the world's largest crude palm oil producer - at the end of the offer deadline.
Felda is "firm in its plan" to take over and privatise the plantation company, and is expected to make a fresh offer six months or more after the previous bid, the Edge Weekly reported, citing economy minister Mustapa Mohamed.
"The takeover of FGV and its privatisation will guarantee a more sustainable business model and income stream for Felda, which is currently discussing with FGV plans to strategise FGV businesses and reorganise FGV's group structure to optimise returns for Felda, especially for the settlers," Mr Mustapa said, referring to the farmers.
Felda and FGV did not immediately respond to requests for comment.
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives may see volatile trading next week, ahead of the release of production, stocks and exports data.
Singapore-based Palm Oil Analytics owner and co-founder Dr Sathia Varqa said markets will closely monitor the Malaysian Palm Oil Board's (MPOB) data, which is due on Monday.
In addition, investors are also awaiting April 1-10 projections by cargo surveyors, which are likely to be released next week.
"Focus will be on March production. However, prices are likely to be firmer but volatile," he told Bernama, today.
Earlier this week, Sathia said global demand and export for palm oil products will see strong recovery from April to June 2021, mainly from India and China, which are severely understocked at the moment.
He said China's stocks have been in deficit for many months with the latest data showing stocks being in deficit by 27 per cent.
Meanwhile, palm oil trader David Ng expects CPO prices to trade within a negative bias of between RM3,650 and RM3,850 per tonne.
During the week, the CPO market was mostly higher with stronger exports estimation for March by some research houses.
CGS-CIMB expects palm oil exports to grow 25 per cent month-on-month in March 2021, likely due to stronger demand from India as a result of restocking activities and attractive discount against other competing edible oils ahead of Ramadan.
Data by the Southern Peninsula Palm Oil Millers' Association (SPPOMA) showed that output had dropped six per cent for the April 1- 5 period versus the March 1-5 period.
On a Friday-to-Friday basis, CPO futures contracts were mostly higher, with April 2021 surging RM133 to RM4,280 per tonne; May 2021 increased RM108 to RM4,055 per tonne; June 2021 rose RM30 to RM3,767 per tonne; while July 2021 fell RM19 to RM3,554 per tonne.
Weekly volume fell to 276,736 lots from 323,794 lots the previous week, while open interest increased to 260,493 contracts from 232,463 contracts a week earlier.
The physical CPO price for April South jumped RM140 to RM4,300 per tonne from RM4,160 per tonne on Friday last week. - Bernama
TAGS / KEYWORDS: CPO , Palm Oil , Bursa Malaysia Derivatives ,
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Smpunter That 3 million could have been a buy The 8.39 trade and 8.43 were buys at 632.5 were buys they were mine They say there NAV is 10.99 now KLK will take them out this year for 10.99 plus 20% and grab the 40% in the Malaysian building company
Is in command for sure Someone using the volume to their advantage I am out on the next spike Vectura need a clear out of waste management just like GSK Cannot believe how these wasters get the chance at the top Take the wages vanker