I’m working on a new penny stock post, so I’ll make this quick.
CNBC Asia had a huge story today on IOI Group in Malaysia (homepage). The story was about how the group is buying up all the palm oil plantations in Malaysia and Singapore, which is coinciding with a rising palm oil price. Demand is far outpacing supply of palm oil and making this company rich.
CNBC Asia Interview video with IOI CEO
They trade as IOICORP on Bursa Malaysia. If you have a broker, ask them about it, or you can go through CIMB, JPMorgan, or UBS. Of course, unless you have millions to invest, CIMB is probably the only place that will return your call. UBS might be okay too. Not sure what their account limits are.
IOI’s chart is HERE.
If you are a foreign trader, try IOI Group.
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