Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
Look like a good buy now with more than 10% dip from the recent pea, 3 Qtrs results already surpassed previous year result … palm oil futures price remains high through the 4th Qtr will lead to another record year. Is there potential for at least 10% up from current 4.15?
Hi Sabastian, I think the same. I have been buying … hopefully there will be another dividend and the demand for palm oil will increase in the next qtr of festivities
Palm oil prices stay elevated but the share price is down. Soyabean oil also moving higher and that is good for palm oil. Profit margins should increase with elevated price. I think the only thing that may dampers the share price is the lower production volume. There should be an announcement on January production volume these few days.
If there is another 10 sen dividend after the quarter result released it will definitely give a boost to the share price.
I really did not expect such a big drop in PAT. I expect the higher palm oil price was able to offset the drop in production volume. I guess the other cost pressure ate up the profit. I wonder what they have in Tasmania that the group has to recognise the asset impairment. Timber business turning into loss and this is really unexpected. With the US tariff war, the Europe and China may turn to palm oil as the alternative to soyabean oil. The wet season will be over soon and we hope for more production output in the coming months and more countries will use palm oil. Looking at the historical price chart below 4.00 is a good buy considering the high DY record and low debts to cash ratio.