CPO : Price moving upward

CPO price moving steadily toward RM2,700 level (spot month). Watch out for plantation counters. Golden Agri re-test SGD0.60 level on Monday and once breaking SGD0.62 resistance, it may go further up again to SGD0.65 to SGD0.70 level. With the acquisition of China food company and the sales network, i expect the revenue from China may contribute significantly.