I put a big bet on Plantation Stock.
Strongly OVERWEIGHT On Plantation Stock now.
WHY?
Given the weakening of US$ and improvement in economy, crude oil price now trading at US$80/barrel. These also spur the buying interesting on plantation stocks.
WHY?
Fundamental is not bull yet. Looking at the supply and demand growth for 09/10, soybean bean price is unlikely to stage for a strong rebound due to higher supply growth. Unfortunately CPO price very much depends on soybean price, thus CPO price performance could be capped as well. In conclusion, outlook of the sector fundamental is yet to turn bullish scenario.
TOP BUY : IOICORP
BETA 1.41
Correlation with CPO : 0.92
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