Palm oil probably alrdy start enter into downcycle. When CPO boom, many enter into this field, listed property/industrial stock venture into their unrelated core business by acquire land for palmoil plantation; private company also introduce small palmoil scheme (Gua Musang); listed plantation stock acquire even more land to plant palmoil; Indonesia will produce even more palmoil next year when lot of tree mature..This is viscous cycle!
Next few quarter, when plant stock annonce their result, we will see the vast change in profit. Previuos high premium given by analyst will likely discounted to PE <5-10 as future outlook uncertain. Even IOI have forward selling policy and have lock subtantial CPO at RM 2500-3000, many of the contract believe have defaulted by China/Indian trader.
I think is too early to buy plantation stock at the this moment. The prefer time would be after plant stock annonce their earning in next few quarter to get clearer picture on the impact of CPO price to their earning, profit margin and whether or not the production cost is lower in tandem with CPO and crude oil price. Another factor is whether the demand for CPO downstream product: oleochemical; speciality fat and their margin profit affected. This division particlar crucial for ioi as it consist of nearly 35% revenue.
i've zero trade even the market tumbles yesterday, hardly have time to monitor the market, very busy lately. many value buy stock now..... hng, buying quite a lot already huh.... toto, giving up on your HUaan ? Maybe is timed to buy some for hit & run....
Market very volatile, must always monitor. Manage to play some contra; YTL Power; Keladi; Guiness. Will try not to keep too many stocks and reserve more cash for bargain hunting. I'm doing daytrade as external influence + market sentiment outmatch fundamental and technical. Volatile market must use extraordinary trading!
hng, "daytrade" of course has to monitor always, this is part of your business, for me just can't afford to have the time. If i can be a full timer like you, it will be nice but too bad just can't for now. I normally trigger my trade at home where i can get fulltime for that but only once a while. Market just can't be stable for now, i believe is the best environment for daytrader like you. When there is choppy, you find your living there...i wonder how much capital you need to start for one?
not given up on huaan yet... just plain disappointed... just tat i buyin IOI now... i think the rebound will be coming soon... its cheap now but it could get cheaper larr...
Asian market skyrocket high: HSL and Kospi >10%; Nikkei: 8%; STI: 7%; following China and US interest cut. Commoditiy: crude oil and palm oil also rally. IOI realized forex loss less than expected; IOI stongly rebound.
10 comments:
Bought Guiness at RM4.5; Amfirst at 73.5sen; Keladi at RM 8.5sen
Market tumbles but also present opputurnity to buy value stock. Cool down and bottom fishing potential stock to furnish portfolio.
yea... since i m stucked with IOI, guess i will hav to average it down further...
toto
Asian market rebound, STI swing from -7.5% to positive territory!, KLCL likely to follow.
Palm oil probably alrdy start enter into downcycle. When CPO boom, many enter into this field, listed property/industrial stock venture into their unrelated core business by acquire land for palmoil plantation; private company also introduce small palmoil scheme (Gua Musang); listed plantation stock acquire even more land to plant palmoil; Indonesia will produce even more palmoil next year when lot of tree mature..This is viscous cycle!
Next few quarter, when plant stock annonce their result, we will see the vast change in profit. Previuos high premium given by analyst will likely discounted to PE <5-10 as future outlook uncertain. Even IOI have forward selling policy and have lock subtantial CPO at RM 2500-3000, many of the contract believe have defaulted by China/Indian trader.
I think is too early to buy plantation stock at the this moment. The prefer time would be after plant stock annonce their earning in next few quarter to get clearer picture on the impact of CPO price to their earning, profit margin and whether or not the production cost is lower in tandem with CPO and crude oil price. Another factor is whether the demand for CPO downstream product: oleochemical; speciality fat and their margin profit affected. This division particlar crucial for ioi as it consist of nearly 35% revenue.
i've zero trade even the market tumbles yesterday, hardly have time to monitor the market, very busy lately. many value buy stock now.....
hng, buying quite a lot already huh....
toto, giving up on your HUaan ? Maybe is timed to buy some for hit & run....
Market very volatile, must always monitor. Manage to play some contra; YTL Power; Keladi; Guiness. Will try not to keep too many stocks and reserve more cash for bargain hunting. I'm doing daytrade as external influence + market sentiment outmatch fundamental and technical. Volatile market must use extraordinary trading!
hng, "daytrade" of course has to monitor always, this is part of your business, for me just can't afford to have the time. If i can be a full timer like you, it will be nice but too bad just can't for now. I normally trigger my trade at home where i can get fulltime for that but only once a while.
Market just can't be stable for now, i believe is the best environment for daytrader like you. When there is choppy, you find your living there...i wonder how much capital you need to start for one?
not given up on huaan yet... just plain disappointed... just tat i buyin IOI now... i think the rebound will be coming soon... its cheap now but it could get cheaper larr...
toto
Asian market skyrocket high: HSL and Kospi >10%; Nikkei: 8%; STI: 7%; following China and US interest cut. Commoditiy: crude oil and palm oil also rally. IOI realized forex loss less than expected; IOI stongly rebound.
contra: Sime; HLbank
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