Closed above 200ma daily, RSI breakout Possible trend reversal
Broke above 200ma daily & closed just above 50ma, if Monday we hold above this level then we might be heading towards weekly 200ma, eventually there will be some retrace to possibly the RSI support so best to buy on a dip as long as we stay above weekly 50ma 1.53p
Target 3.64p
Latest news:
Equatorial Palm Oil plc (AIM: PAL), the AIM listed palm oil development and production company with operations in Liberia, West Africa, is pleased to announce that it has completed its first sale of crude palm oil ("CPO") from the newly commissioned palm oil mill ("POM") at Palm Bay estate.
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Appointment of Director
Equatorial Palm Oil plc, (AIM: PAL), the AIM listed palm oil development and production company with operations in Liberia, West Africa today announces the appointment of Mr Patrick Kee Chuan Peng as a Non-Executive Director replacing Mr Teh Sar Moh Nee who retires with immediate effect.
Mr Patrick Kee Chuan Peng joined Kuala Lumpur Kepong Berhad ("KLK") in 1982. He has vast experience in all aspects of operations at KLK and was promoted to his current position as Group Plantations Director of KLK on 1 October 2017.
Mr Teh Sar Moh Nee has retired from KLK as Operations Director and accordingly steps down as a director of EPO.
Michael Frayne, Non-Executive Chairman of EPO, commented:
"We are delighted that Patrick has agreed to join the Board of EPO. Patrick has been at KLK since 1982 and was the former head of all KLKs plantations in Indonesia. His guidance, experience and input will be extremely valuable for the Company, especially as we ramp up our production and look to increase the yields at Palm Bay estate.
"I would like to take this opportunity to thank Mr Teh for his valuable contribution to the Company since his appointment as a director in 2014. We wish Mr Teh the very best for his retirement."
Mr Patrick Kee Chuan Peng, aged 60
Mr Patrick Kee Chuan Peng has served KLK's subsidiaries in various capacities from Assistant, Manager, General Manager to Regional Director in West Malaysia, Sabah and Indonesia. He is an Associate Member of the Incorporated Society of Planters. He has also attended the Senior Management Development Programme conducted by Harvard Business School and Advance Management Programme of INSEAD.
Target 3.64p
Latest news:
Equatorial Palm Oil plc (AIM: PAL), the AIM listed palm oil development and production company with operations in Liberia, West Africa, is pleased to announce that it has completed its first sale of crude palm oil ("CPO") from the newly commissioned palm oil mill ("POM") at Palm Bay estate.
&
Appointment of Director
Equatorial Palm Oil plc, (AIM: PAL), the AIM listed palm oil development and production company with operations in Liberia, West Africa today announces the appointment of Mr Patrick Kee Chuan Peng as a Non-Executive Director replacing Mr Teh Sar Moh Nee who retires with immediate effect.
Mr Patrick Kee Chuan Peng joined Kuala Lumpur Kepong Berhad ("KLK") in 1982. He has vast experience in all aspects of operations at KLK and was promoted to his current position as Group Plantations Director of KLK on 1 October 2017.
Mr Teh Sar Moh Nee has retired from KLK as Operations Director and accordingly steps down as a director of EPO.
Michael Frayne, Non-Executive Chairman of EPO, commented:
"We are delighted that Patrick has agreed to join the Board of EPO. Patrick has been at KLK since 1982 and was the former head of all KLKs plantations in Indonesia. His guidance, experience and input will be extremely valuable for the Company, especially as we ramp up our production and look to increase the yields at Palm Bay estate.
"I would like to take this opportunity to thank Mr Teh for his valuable contribution to the Company since his appointment as a director in 2014. We wish Mr Teh the very best for his retirement."
Mr Patrick Kee Chuan Peng, aged 60
Mr Patrick Kee Chuan Peng has served KLK's subsidiaries in various capacities from Assistant, Manager, General Manager to Regional Director in West Malaysia, Sabah and Indonesia. He is an Associate Member of the Incorporated Society of Planters. He has also attended the Senior Management Development Programme conducted by Harvard Business School and Advance Management Programme of INSEAD.
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