Big blow to Malaysian commodities, especially palm oil.

US President Donald Trump’s signing of the executive action to withdraw from the TPP.

Multi Management and Future Solutions Malaysia: US President Donald Trump's marking of the official activity to pull back from the TPP yesterday is a major hit to Malaysian wares, particularly palm oil. 

Manor Industries and Commodities Minister Datuk Seri Mah Siew Keong said Trump's choice will affect the Malaysian government's objective of creating up to RM20 billion from the offer of unrefined palm oil to the 12-part TPP aggregate by 2021. 

He said that at present, the nation produces RM13 billion from the offer of palm oil to the 12 nations in the TPP aggregate, even without the conclusion of the TPP. 

The RM20 billion projection depended on the supposition that American taxes against palm oil would have been expelled once the US turned into a signatory to the Trans-Pacific settlement. 

In spite of the mishap, Mah said that he expects the fare of palm oil to grow 5-8 for every penny this year, and that the normal cost will hit RM2,700 per metric ton in 2017. 

The figures depend on Malaysia's forceful push for palm oil in nations like India, and in addition the arranged FTA with Iran, which will open up the Malaysian ware to an extensive new market. 

Mah was talking today at the 'nineteenth Malaysia Strategic Outlook Conference 2017' sorted out by Asian Strategy and Leadership Institute (ASLI).

Our Recommendations : 

1. KLSE INTRADAY SIGNAL: BUY IFCAMSC AT 0.405 TARGET 0.420, 0.435 SL 0.385              …….
2. MMFS SG INTRADAY  SIGNAL: BUY BANYAN TREE AT 0.520 TARGET 0.540, 0.560 SL 0.495            ......

Hot Stocks Today for BURSA KLSE:

• STONE
• CONNECT
• SKH
• UMWOG

Hot Stocks Today for SGX:

• NATURAL COOL
• SUNMOONFOOD
• HEALTHWAY MED
• GENTING SING

Get More LIVE STOCK SIGNALS With : http://www.mmfsolutions.sg/

To get More Updates: 

Stock signals, Stock tips, stock Picks, Stocktips Malaysia, bursa malaysia stock signals, klse daily stock signals, KLSE stock picks, KLSE Stock Recommendations, KLSE stock signals, stock market news, stock market update, Stock Picks Malaysia, Stock trading picks,& Stock trading strategy

  For More Visit Us: http://www.mmfsolutions.sg Tel- +65-3158-2180 Email- info@mmfsolution.sg