RSawit shares made quite a significant jump today. Significant enough to interest me to acquire some for my own. End of year window dressing by retailers? Positive sentiment on palm oil stocks due to tax cuts in Jan 2013?
RSawit is still one of the cheapest plantation stocks in KLSE with a market cap above RM1m.. It'll probably be a challenging year for plantation counters next year but I suppose big brother would take measures to make it less of a challenge.. Palm oil is a major industry in our country.. wait, that's like saying the sky is blue.. do you see anything apart from palm oil tress when you drive in highways around Malaysia? No, only trees wishing to chopped down to make way for more palm oil trees. Or another high rise fancy condo that the public doesn't need but buys anyway.. but that's another industry with its own challenges next year.
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