CPO anomaly
CRUDE Palm Oil (CPO) is at a 10-year high. But surprisingly, not all plantation stocks are following the trend.
There is a line separating the big plantation boys from the smaller players in the sector in this round of the rise in CPO prices. The likes of IOI Corp Bhd
, Kuala Lumpur Kepong Bhd and United Plantations Bhd are all trading at their multi-year highs, following the trend of their underlying product, which is the commodity.
However, the smaller players in the plantation sector are lagging. The likes of IJM Plantations Bhd, TSH Resources Bhd, Sarawak Oil Plams Bhd and Hap Seng Plantations Bhd are not trading anywhere near their previous year highs.
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