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Palm Oil supply not enough to meet global demand.

+2
cseguide
skyfall
6 posters

Go down  Message [Page 1 of 1]

skyfall


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

[size=30]Palm oil futures hit all-time high [/size]
[size=30]KUALA LUMPUR, Oct 21 (Reuters) - Malaysian palm oil futures rose to a record high of 5,208 ringgit a tonne on Thursday, lifted by a rally of global edible oils and further supported by signs of improving demand.[/size]
The benchmark palm oil contract FCPOc3 for January delivery on the Bursa Malaysia Derivatives Exchange gained 137 ringgit, or 2.7%, to 5,208 ringgit ($1,253.43) a tonne during early trade, rising for a second consecutive session.
https://www.google.com/amp/s/www.nasdaq.com/articles/vegoils-palm-oil-climbs-2-to-record-high-of-over-5200-ringgit-2021-10-21%3famp

skyfall


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Finally a move from the heavyweights CARS & BUKI

cseguide

cseguide
Vice President - Equity Analytics
Vice President - Equity Analytics

This will last first half of next year as well. keep eye on WATA largest palm oil producer in Sri Lanka

sajithlk02 likes this post

bkasun


Manager - Equity Analytics
Manager - Equity Analytics

With Q results and dividend announcement, Rs 100 will be easy target for WATA..

Not too late. Collect and hold for 2-3 weeks.. cheers

sajithlk02 likes this post

cseguide

cseguide
Vice President - Equity Analytics
Vice President - Equity Analytics

bkasun wrote:With Q results and dividend announcement, Rs 100 will be easy target for WATA..

Not too late. Collect and hold for 2-3 weeks.. cheers
WATA gains will be last for another few quarters. palm oil demand will increase first half of next year as well.Therefor WATA should hold without selling since the gains will be massive if you hold it at lest until first half of next year.

Nandun likes this post

skyfall


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

A decent move from BUKI today as well. Both CARS & BUKI are illiquid shares. This groups land portfolio in Indonesia is bigger than whole Colombo district ..!!!

Niwa and sajithlk02 like this post

Cma


Senior Equity Analytic
Senior Equity Analytic

anyone missed palm oil related shares?? no worries AGLA still trading @33-34.....

cseguide

cseguide
Vice President - Equity Analytics
Vice President - Equity Analytics

Cma wrote:anyone missed palm oil related shares?? no worries AGLA still trading @33-34.....
AGAL palm oil only below 20 BUT WATA 73 % OIL palm

Niwa


Moderator
Moderator

WATA revenue composition
Palm Oil supply not enough to meet global demand. Cd153510

sajithlk02 likes this post

Niwa


Moderator
Moderator

Consolidation around 71-72, a resistance. Will fly soon after accumulation.

cseguide

cseguide
Vice President - Equity Analytics
Vice President - Equity Analytics

Niwa wrote:Consolidation around 71-72, a resistance. Will fly soon after accumulation.
yes, started. Short term 100 Twisted Evil Twisted Evil

Nandun


Manager - Equity Analytics
Manager - Equity Analytics

AGAl palm oil profit double compare with last quarter.WATA? bounce Basketball flower

cseguide

cseguide
Vice President - Equity Analytics
Vice President - Equity Analytics

Palm Oil supply not enough to meet global demand. Untitl10

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