KUALA LUMPUR: Maybank Investment Bank Bhd expects Malaysian planters to report much stronger YoY and QoQ core earnings largely on crude palm oil (CPO) price recovery.
It said on Wednesday that however, not all will fully benefit the price uptrend as some may have locked-in sales at average selling prices (ASPs) lower than the spot CPO ASP in 4Q19.
Those that forward sold 2020’s output aggressively may even report mark-to-market fair value (FV) losses on derivative FI as CPO price hit its peak only at end-December.
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