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if you read back previous 3 quarters results, it mentioned that in Q1 2021 average CPO selling price was around rm3000, in Q2 around rm3400++ and in Q3 around RM3500++. hence, TSH won't deliver higher profit immediately even with CPO price now above rm5K. it would take some time for it to adjust its selling price due to hedging and contractual agreement. Q4 mostly the average selling price would be around rm4000. need to wait for the QR to confirm on this.
