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Palmoil

FCPO - Sideway before MPOB Data ReleaseImpulsive swing target 2337 remain in FCPO price projection as long as price above 2262. The latest MPOB Aug survey data suggesting increase in inventory with CIMB released the most bearish survey data. As long holiday ahead, and MPOB data to release at 12 Sep after holiday. The market is expect to be trading sideway. Bloomberg Poll Aug vs Jul MPOB: Prodn 1.65m vs +1.50m (+10%) Expt 1.24m vs 1.21m (+2.5%) Stks 2.41m vs 2.21m (+9%) Reuters Poll: Prodn 1.65m (+9.88%) Impt 50k Expt 1.23m (+2.25%) LDsp 270k Stks 2.41m (+8.96%) CIMB Poll: Prodn 1.681m (+11.8%) Impt 44k Expt 1.236m (+2.5%) LDsp 239k Stks 2.464m (+11.3%)
MYX:FCPO1!
by Johnkiew
1
CLX: Clorox bleeding cash, structural shortI think this is a really good short setup. The company is bleeding cash, funding their huge dividend with debt, not complying with regulations regarding the usage of sustainable palm oil on their products and the technical chart shows an ideal entry against resistance here. The entry is very tactical, a perfect technical setup, paired with bad fundamentals for this company, with only a 1% earnings yield, a 1.2% free cash flow yield, and falling free cash flow and after tax margins. Good luck if taking it. Ivan Labrie.
NYSE:CLXShort
by IvanLabrie
2