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KUALA LUMPUR: Malaysia's benchmark stock index ended another day in the red as investors reacted to a dearth of positive leads by cashing in on recent gains.
KUALA LUMPUR: Sarawak Oil Palms Bhd's net profit of RM291.6 million for the financial year 2023 (FY23) beat expectations, said RHB Research. The research house said the net profit accounted for 117 and 128 per cent of its and street full-year forecasts, ...
KUALA LUMPUR: Companies in the news include MAHB, Affin Bank, Capital A, MRBC, Sarawak Oil Palms, CIMB, TIME dotcom, AAX, DRB-Hicom, SP Setia, IHH, Tropicana and Genting, said Apex Securities Research.
Sarawak Oil Palms Bhd (SOP) said on Thursday its net profit more than doubled in the fourth quarter (4Q) from a year earlier thanks to higher production and sales volume.
The expected decrease in palm oil production in the upcoming months, coupled with a surge in demand from the export market, has the potential to push Malaysian palm oil stocks below the two million-tonne mark by next month, which could contribute to an upswing in crude palm oil (CPO) prices.
KUALA LUMPUR: RHB Research expects plantation sector's earnings to decline quarter-over-quarter (QoQ) and year-over-year (YoY) in the fourth quarter of 2023 as production eases post-peak season. The downtrending crude palm oil (CPO) prices should have a higher leverage on earnings, ...
Disciplined replanting with higher yielding seeds, mechanisation and more consolidation such as merger and acquisition (M&A) will stay as the plantation industry’s key focus in the years to come, says Maybank Investment Bank (Maybank IB) Research.
KUALA LUMPUR (Jan 11): Analysts have maintained status quo on their “neutral” stance on the plantation sector, as the country’s palm oil stockpile continued to dip in December 2023, in line with the downward trend in palm oil production.
KUALA LUMPUR: The Malaysian Palm Oil Council (MPOC) expects crude palm oil prices to trade lower in January to between RM3,600 and RM3,850 per tonne, despite projecting a higher average for 2024, at RM4,000 per tonne.It said in a statement ...
Plantation companies are anticipated to benefit from lower production cost due to weaker fertiliser expenses and higher productivity in 2024 while crude palm oil (CPO) price remains high at about RM3,700 per tonnes for the year.