few things to consider
1.covid 19 will not close plant..
2.demand for tea and rubber will be strong
3.parm oil always profitable
4.high coconut prices
5.new export push for cinnamon and pepper
6.wage hike highly unlikely.
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sacgayan likes this post
If bullish sentiment conti...@Deodorant wrote:looks like the plantation sector massive rally
@Hope123 wrote:
Today it self almost NO sellers for KOTA and MADU.
BALA / MASK also yet to vanish the sellers only market was closed. Tomorrow would be a good day for trading on plantation shares. I guess this is due to the higher tea prices and better to dig more details about it.
ErangaDS likes this post
@geesura wrote:same scenario will happen +25%,
+25%,+25%,-15%,-10%,-15%,-15%,-15%.watch your steps
ErangaDS and geesura like this post
yeah some members in this forum will try to justify the plantation rally but once the price start dropping u will understand this rally was also a pump n dump...n when 1st -15% they will say some one is collecting to another run ,in the 2nd -15% they'll again say huge collection going on try to collect this will be the lastday to collect next -15% there will be no one to post anything about those stocks.those who got surprised by RAL,RIL will know what is the end.@RJ1010 wrote:@geesura wrote:same scenario will happen +25%,
+25%,+25%,-15%,-10%,-15%,-15%,-15%.watch your steps
Spot on mate... just like the penny stock rally this will also last a couple of days and drop suddenly... most of the plantation shares have reached their 52wk highs and riding on the news of the tea price increase.
Early to get on and get off will be the winners.
Highly unlikely for plantations to report super profits despite the tea price increase because volumes are down. Net impact on revenue and profits might be marginal. Just my thinking.
ErangaDS and RJ1010 like this post
bala kota
@RJ1010 wrote:@geesura wrote:same scenario will happen +25%,
+25%,+25%,-15%,-10%,-15%,-15%,-15%.watch your steps
Spot on mate... just like the penny stock rally this will also last a couple of days and drop suddenly... most of the plantation shares have reached their 52wk highs and riding on the news of the tea price increase.
Early to get on and get off will be the winners.
Highly unlikely for plantations to report super profits despite the tea price increase because volumes are down. Net impact on revenue and profits might be marginal. Just my thinking.
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