Dear Investors of i3 Forum,
Yesterday was a testament to Palm oil Bull Run as Goldenagri which we bought at 14 sen is up a whopping 92% to 27 sen
Plus Results was a 580% rise YoY!
Revenue in the same period was up 76% y-o-y to US$2.8 billion,
The company notes that the on-going La Nina weather pattern will impact supply.
Yet, demand has not been “significantly affected” despite the high prices.
“Notwithstanding the more conducive market environment, we remain cautious of any uncertainties from the lingering global Covid-19 pandemic,” the company states.
“Looking forward, industry prospects continue to be positive given palm oil’s important role in supplying the growing global vegetable oil demand.”
Golden Agri-Resources closed Nov 11 at 27 cents, down 1.85% for the day and up 65.63% year to date.
READ ITS BULLISH OUTLOOK
“Looking forward, industry prospects continue to be positive given palm oil’s important role in supplying the growing global vegetable oil demand.”
WE REPEAT IN BOLD
LOOKING FOREWARD, INDUSTRY PROSPECTS CONTINUE TO BE POSITIVE GIVEN PALM OIL'S IMPORTANT ROLE IN SUPPLYING THE GROWING GLOBAL VEGETABLE OIL DEMAND
THIS IS THE REASON WHY CALVIN NOW LIVING IN SINGAPORE IS BULLISH IN MALAYSIAN OVERLOOKED, UNLOVED & MISUNDERSTOOD PALM OIL SHARES
See price chart of Goldenagri
| Open | 0.27 |
| High | 0.28 |
| Low | 0.26 |
| Mkt cap | 3.40B |
| P/E ratio | 7.45 |
| Div yield | 2.84% |
|
|
C |
| 52-wk high | 0.30 |
| 52-wk low | 0.14 |
WHILE gOLDENAGRI (SPORE) IS UP 92% MOST MALAYSIA OIL PALM SHARES STILL ONLY GAINED 0% TO 15%
THAT IS THE STRONG REASON WHY WE ARE JUST SO BULLISH WHILE OTHERS REMAIN BEARISH
Warm Regards
Calvin Tan
Jurong West
Reuplic of Singapore
Please buy or sell after doing your own due diligence or consult wise Reimisier/Fund Manager
