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Hi guys,

Brent Crude Oil just crosses the USD50 ceiing. This is Very Good for Palm oil stocks

In year 2014 Uncle Koon Yew Yin recommended Jtiasa when it was around Rm2.60 when Brent oil was high

When I saw Shale oil emanating from USA hammering Brent & Crude Oil I told Uncle Koon to sell his Jtiasa because falling oil prices will hit Biodisel from which Palm oil is converted

Uncle Kyy sold Jtiasa like no tomorrow. 

Today  Palm Oil got Many Boosters

1) From rising Soybean Oil due to La Nina Event of Floods & Drought

As Soybean oil is the second cheapest Vege oil after Palm oil which is the Cheapest. Any price rise from Soybean oil will lead to increase of Palm Oil. Now Soybean oil has gone past USD30 to reach USD38 or USD40 in sight which is 8 Year high so Cpo has crossed Rm3000 to reach Rm3700 also 8 year high (even higher than year 2014)

 

2) Now Rise of Brent Crude Oil will lift up Biodisel use again. Indonesia has mandated more Palm oil to be converted to Biodisel. This is a PLUS Factor

3) For FGV rising Crude Oil is al very good for Its Rubber

Crude oil is converted in Nitrile for Gloves which is a competitor to Rubber Gloves. Rising Crude oil means rising nitrile latex prices.

That means Rubber latex price will also rise in tandem. Crude is also made into Polymer for tyres, industrial plastics & others which will boost prices of Natual rubber

 

SO ALL THE ENGINES OF GROWTH ARE NOW FIRING UP UP FOR PALM OIL TO BOOST THE UPCOMING BULL RUN

Cost of CPO production is Rm1,700 & now Fcpo December over Rm3,700 means Rm2,000 profit per tonne which is 117%

Many companies only make 6% to 8%. For vacine hype look at Pharmaniaga making only 2% profit.

So forget the Vaccine hype as Govt will not allow profiteer as it is not just a neccessity (Necessities like Sugat, Flour, Eggs, Chicken & rice got price control) So if neccessities got price control certainly Govt will control vaccine prices as it is an emergency

 

GO FOR REAL GROWTH NOW = PALM OIL (THE NEXT COMING BULL RUN)

 

Best regards

Calvin Tan Research

Singapore

 

Disclaimer

All information provided here should be treated for informational purposes only. It is solely reflecting author's personal views and the author should not be held liable for any actions taken in reliance on information contained herein

 

 

 
 
 
50.41 +0.04    +0.08%
 17:58:31 - Closed. Currency in USD Disclaimer )
Type: Commod

 

 

3,702.00+66.00+1.82%
04:54:00 AM 
MI Indication
 
  https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-12-11-story-h1537532377-BRENT_CRUDE_OIL_OVER_USD50_WILL_BOOST_BIODISEL_USE_WHICH_IS_GREAT_FOR_F.jsp

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