猎球者_Crude palm oil price likely to remain elevated

时间:1个月前   阅读:12

trc20怎么转换erc20www.u2u.it)是最高效的ERC2换TRC20,TRC20换ERC20的平台.ERC2 USDT换TRC20 USDT,TRC20 USDT换ERC20 USDT链上匿名完成,手续费低。

From a technical point of view, MIDF Research said the CPO price rally seems to be waning in a correction mode, reflecting the weak price to date of RM4,766 per tonne.“However, we believe there are signs that this soft pace is short-lived, and the price will stay elevated in the second-half of 2022.Crude palm oil price likely to remain elevated."

PETALING JAYA: The current contraction in the price of crude palm oil (CPO) is justifiable, given that it grew too fast compared with the previous year and seemingly has peaked as the market assesses the impact of the Russian-Ukraine war and inflation.

From a technical point of view, MIDF Research said the CPO price rally seems to be waning in a correction mode, reflecting the weak price to date of RM4,766 per tonne.

“However, we believe there are signs that this soft pace is short-lived, and the price will stay elevated in the second-half of 2022.

“(CPO) prices will be supported by higher price of edibles oil on the back of supply concerns.

“This comes amid the Russia–Ukraine war, a subdued production outlook for soybean in 2022-2023 due to the return of La-Nina for the third-year in a row in South America and compounded by a lower planted area in the United States and improved demand outlook in line with the recovery in economic activities,” MIDF Research said in its report.

,

猎球者www.99cx.vip)是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。猎球者上足球分析专家数据更新最快。猎球者开放皇冠官方会员注册、皇冠官方代理开户等业务。

,

MIDF Research also maintained a positive stance on the plantation sector, with an unchanged CPO price forecast at RM5,500 per tonne for 2022.

However, the key risks to CPO prices include new variants resulting in another lockdown worldwide, higher-than-expected soybean and soybean oil stockpiles and supply as well as policy changes in importing countries.

The research house’s top picks for the sector are Kuala Lumpur Kepong Bhd with a target price (TP) of RM31.50 and TSH Resources Bhd (TP RM1.90).

Valuation wise, MIDF Research pointed out that Bursa’s KL Plantation Index is currently trading at price-to-earnings ratio of 25.4 times, which nearly four years average an historical mean of 25.8 times.


转载说明:本文转载自Sunbet。

上一篇:环球国际娱乐网址多少_Bursa bounces higher on bargain-hunting activity

下一篇:皇冠注册平台_Teacher to enter defence over oral sex charges

网友评论