Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
July-Sept earnings
In terms of earnings for the recently ended quarter, plantation companies could see improvement on both quarter-on-quarter and year-on-year basis, driven by stronger average selling prices and output, RHB Research said.
However, four companies, including Johor Plantations Group Bhd (KL:JPG) and Ta Ann Holdings Bhd (KL:TAANN), could report weaker-than-expected results based on estimated production and prices, the research house flagged.
Look like a good buy now with more than 10% dip from the recent pea, 3 Qtrs results already surpassed previous year result … palm oil futures price remains high through the 4th Qtr will lead to another record year. Is there potential for at least 10% up from current 4.15?
I really did not expect such a big drop in PAT. I expect the higher palm oil price was able to offset the drop in production volume. I guess the other cost pressure ate up the profit. I wonder what they have in Tasmania that the group has to recognise the asset impairment. Timber business turning into loss and this is really unexpected. With the US tariff war, the Europe and China may turn to palm oil as the alternative to soyabean oil. The wet season will be over soon and we hope for more production output in the coming months and more countries will use palm oil. Looking at the historical price chart below 4.00 is a good buy considering the high DY record and low debts to cash ratio.