Rsawit has reported 7 consecutive quarter losses. However, can we see turnaround for next quarter earnings (3Q2016)?
Based on monthly production data reported. Production of Fresh Fruit Bunch (FFB), Crude Palm Oil (CPO) and Palm Kernel (PK) has increased significantly since June
Based on quarterly production data. Third quarter production of FFB +36%, PK +35%, CPO +40%. compare with second quarter.
Monthly average CPO price for Sarawak region in 3Q is also higher than 2Q.
Supported by higher production and higher price, RSAWIT is expected generate higher revenue.
Based on my assumption and calculation, revenue for 3Q should be increase by >35%, and enough for the company to post profit.
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