CPO News - 6 January 2019

Recently, AllianceDBS Research forecasted crude palm oil (CPO) for 2019 stands at RM2,560 per tonne. However, continued increases in inventory, weak exports to India and China, and low crude oil prices would be a potential trigger for AllianceDBS to cut their forecasts.

More news, Analysts: Focus on ‘oversold’ stocks 

On the same day, The Star also reported there is a good chance that palm oil may regain some market share it lost previously in India after the government announced a reduction in import duties on crude palm oil and refined palm oil, effective since Jan 1.

Click below link for more detailed news:
Malaysia palm oil may regain market share

The following day, 4 January, The Star published another news on CPO from Kenanga Research. More news, Signs of recovery seen for CPO

Kenanga Research also reported the plantation sector looks to be more positive in the first quarter of 2019 (Q1’19), with signs of a sharp recovery in crude palm oil (CPO) prices

The three key positive factors to be monitored closely are easing trade tensions between the US and China, higher exports of Indonesian CPO to the European Union (EU), as well as falling stockpiles in both Malaysia and Indonesia.

Kenanga Research also believed the strategic time to accumulate planters is early March, with the focus on bashed-down upstream players like Hap Seng Plantations Holdings Bhd as well as planters with excellent execution capabilities and robust production outlook like Genting Plantations Bhd.

Hap Seng Plantations Daily Chart.

FCPO Daily chart.

Source :
1) Metastock
2) www.thestar.com.my

Note :
1) "Power Within Metastock"

2) S-Trader indicators/tools are not part of Metastock software package. It is our proprietary system/tools. If you have any further inquiries, please feel free to Contact Us.