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The Crude Palm Oil Futures Closing: Tuesday, 29 January 2008
(Prices are in RM/tonne)
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MONTH |
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January 25, 2008
A reply to online.wsj.com article.
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Every single oil palm-planted area is highly regulated and subjected to a number of Malaysian government legislations. These include the legislation that all oil-palm plantations and even…
by Barnaby Meins
helium.com
Americans have long wondered what the future of the energy industry holds for their country. There are many renewable alternative energy sources to petroleum, of which, biomass is fast becoming a major opportunity for investors. In the biomass energy segment, biodiesel is a key area which many are starting to focus on. For one to answer whether
In general, biodiesel is a biofuel made for diesel-powered machines. Chemically speaking, they are monoalkyl esters of long-chain fatty acids from transesterification of oils derived from renewable lipid feedstocks, such as palm oil, soybeans and jatropha.
-Benefits of biodiesel-
Biodiesel is a clean and renewable fuel to other energy sources like petroleum, which means using it reduces…
GROWING worries over the health of the
Crude oil futures, which briefly, broke through the psychological US$100 (RM330) per barrel mark earlier this year, has eased slightly to around US$90 per barrel. The benchmark crude palm oil (CPO) futures contract is also down by about 5% from its recent all-time high of RM3,420 per tonne.
CPO outlook still firm, on balance
The price correlation between crude oil prices and CPO has been very strong in recent months. Targets to blend biofuel into transport fuel remain in place. While the use of palm oil as biodiesel is currently not viable because of its…
The fund posted a net profit of RM49.8 million on the back of RM55.2 million revenue for the year. The revenue comprised a performance-based profit sharing of RM17.1 million and rental income of RM38.1 million.
In a statement yesterday, Boustead REIT Managers Sdn Bhd said the income distribution represented a dividend yield of 7.7% based on the closing price for the year or 11% based on the initial public offering price.
It said the final distribution of 7.22 sen per unit comprised a fixed dividend of 3.69 sen and variable or performance-based dividend, which is a notable first in the Malaysia…
TA Securities Research has initiated coverage on Sarawak Plantation Bhd with a buy call at RM3.15 and a target price of RM4.40, a 39% upside.
It described Sarawak Plantation as a laggard play, for its high leverage on CPO price, good earnings outlook with fresh fruit bunches (FBB) production resuming its upward trend from FY08, and it s professional management team.
The research house said every RM100 per tonne increase in crude palm oil price would translate into an additional RM5 million in earnings for the company.
It said the company’s strong link with the
“Our indicative target price of RM4.40 translates into a 39% upside from the current price. Buy call maintained,” it said.
TA Research said the management of Sarawak Plantation had given a…
The Crude Palm Oil Futures Closing: Tuesday, 29 January 2008
(Prices are in RM/tonne)
|
MONTH |
OPEN |
HIGH |
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Business Times
Wednesday - January 30, 2008
CPO FUTURES
Crude palm oil futures prices on Bursa Malaysia Derivatives Bhd closed higher yesterday in line with the rebound in equity markets regionally and globally, a dealer said.
He noted that the stock market had stabilised yesterday on expectations that the US Federal Reserve will further cut its key interest rate this week to help give the US economy a boost.
Last week, the US Federal Reserves cut interest rates by 75 basis points after global markets dropped drastically due to concerns about a possible recession in the
Fear of a
The dealer also said the rise in crude oil price to US$91 (US$1 = RM3.26) per barrel yesterday also helped the market to turn positive.
At close yesterday, Feb…
Business Times
Tuesday - January 29, 2008
CPO FUTURES
Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives Bhd closed lower yesterday, tracking a plunge in the equity market regionally amid concerns about the
“The equity market dropped sharply today and affected global commodities prices especially CPO,” he said.
He noted that the bearish sentiment for CPO was also contributed by the weak export data released last Friday.
Last Friday cargo surveyor Intertek Testing Services said the CPO exports for Jan 1-25 were down 29.8 per cent to 784,439 tonnes compared to the previous month’s 1.117 million tonnes.
Another cargo surveyor, Societe Generale de Surveillance, said exports declined 27.1 per cent to 816,471 tonnes for the period.
The CPO also lost its shine after crude oil prices subsided to US$89 (US$1 = RM3.27) a barrel on US recession fears.
At the close…
Business Times
Saturday - January 26, 2008
CPO FUTURES
Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives Bhd closed higher yesterday on the back of rising soyaoil prices on the Chicago Board of Trade (Cbot) overnight, dealers said.
They said soyaoil and palm oil are competing for similar export destinations, and their prices often move in tandem.
The gains for CPO was despite the bearish data released by cargo surveyors.
According to Intertek Testing Services, the CPO exports for Jan 1-25 was lower by 29.8 per cent to 784,439 tonnes compared to last month’s 1.117 million tonnes.
Societe Generale de Surveillance said exports declined 27.1 per cent to 816,471 tonnes for the period.
Another dealer said the market rebound yesterday was also a technical one after some panic selling earlier this week.
He said rising crude oil prices also contributed to the stronger performance as palm oil…