All plantation companies will report record profit - Koon Yew Yin
The price of crude palm oil (CPO) will continue to trade above RM5,000 per tonne level for the first half of 2022 amid a shortage of edible oil supply – sunflower oil – due to the Russia-Ukraine war, Malaysian Palm Oil Board (MPOB) said.
Director-general Datuk Dr Ahmad Parveez Ghulam Kadir said as there is no clear prediction on how long the conflict will last, palm oil will continue to be in demand despite its current high price.
He also said that the Russia-Ukraine war is a major factor in CPO price surging to a new record of RM8,000 per tonne last week as shown on the price chart above. CPO price was below RM 3,000 for many years before.
As a result, all plantation stocks have been shooting up in the last 2 months. Currently, all plantation stocks are subject to price corrections due to the Russian-Ukraine conflict. However, based on the record CPO price, all plantation companies will report record profit for the quarter ending March which will be announced before the end of May.
Yesterday, I posted my article namely “Putin cannot win in Ukraine invasion”.
I have invested all my money on Jaya Tiasa as you can see its price chart and plantation stocks comparison below.
|
Name |
Hectares |
Market Cap. |
MC÷Hectares |
|
Jaya Tiasa |
70,000 |
Rm 1,052 m |
Rm 15,000 |
|
MHC |
11,400 |
Rm 226 m |
Rm 19,800 |
|
Sarawak Pl |
35,000 |
Rm 784 m |
Rm 22,400 |
|
Subur |
13,00 |
Rm 362 m |
Rm 27,900 |
|
Cepatwawasa |
10,000 |
Rm 334 m |
Rm 33,400 |
|
Boustead Pl |
75,000 |
Rm 2,347 m |
Rm 31,700 |
|
SOP |
88,000 |
Rm 3,437 m |
Rm 39,000 |
|
Hap Seng |
35,000 |
Rm 2,232 |
Rm 63,000 |
