CPO uptrend cycles near its end ?

Over the past 10 years, palm oil prices have troughed in July-September and peaked in December-March, more than three quarters of the time.
Credit Suisse said it sticks to its view spelt out in its August 2010 report, “The rise before the fall”.
“We believe palm oil prices will seasonally increase over the next few months, but remain bearish in 2011,” it said.
Credit Suisse Research  said for investors looking to take advantage of the seasonal rally, it highlighted high-beta stocks: Indofood Agri Resources Ltd (IFAR beta of 1.7); PT London Sumatra Indonesia (LSPI beta of 1.3) and IOI Corporation (beta of 1.3).

PLANTATION [] companies with the highest leverage to rising palm oil prices are PT Astra Agro Lestari Tbk , Sampoerna Agro Tbk, IFAR, Genting Plantations Bhd and Kuala Lumpur Kepong.



(Courtecy of : TheEdge, Credit Suisse Research)