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The recent spike in crude palm oil (CPO) prices echoes the commodity boom of 2021/22, as supply constraints from lower palm oil production and robust consumer demand push prices up.
MIDF Research expects crude palm oil (CPO) prices to moderate in the second quarter of 2024 (2Q2024), yet predicts a month-on-month (m-o-m) increase of 4.6% to RM4,410.5 per tonne in April due to mild El Niño events.
KUALA LUMPUR: Crude palm oil (CPO) price is expected to start tapering off when the commodity's seasonal output recovery takes place. Hong Leong Investment Bank Bhd (HLIB) noted that the CPO price had averaged at RM4,062 per tonne year-to-date. ...
PETALING JAYA: Hong Leong Investment Bank Bhd Research (HLIB Research) has maintained its “neutral” call on the plantation sector as the absence of a notable demand catalysts has indicated that current high palm oil price will not be sustainable in the long term.
KUALA LUMPUR: The current high crude palm oil (CPO) prices is unsustainable given narrowing discount between CPO and soybean oil, impending seasonal palm output recovery, and the absence of notable demand-push catalyst.Hong Leong Investment Bank Bhd research said CPO ...
KUALA LUMPUR: Buying interest in Hap Seng Plantations Holdings is back after it pushed out of a two-week bullish flag pattern with a long white candle two sessions ago, according to Rakuten Trade. It said that the higher trading volume ...
Rakuten Trade said buying interest in Hap Seng Plantations Holdings Bhd is back after it pushed out from a two-week bullish flag pattern with a long white candle two sessions ago.
Hap Seng Plantations Holdings Bhd declared a final dividend of 5.3 sen per share for the fourth quarter ended Dec 31, 2023 (4QFY2023), bringing total dividends declared for FY2023 to 6.80 sen per share — down from 12 sen last year — as full-year profit more than halved on weaker prices.
The benchmark FBM KLCI reversed earlier losses in the mid-morning on Tuesday, as index-linked plantation counters lifted sentiments.
At 10am, the FBM KLCI had added 0.15% or 2.28 points to 1,540.89. The index earlier dipped to a low of 1,537.94.
Malaysia’s trade data for January (to be released on Tuesday) as well as the inflation figures for the same month (to be unveiled on Friday) are expected to be in the spotlight this week.
KUALA LUMPUR: The forthcoming results season, which starts on February 20, is expected to yield a mixed bag of results from companies in the plantation sector.On the basis of flattish fresh fruit bunch (FFB) production increases and lower crude palm ...
KUALA LUMPUR: Palm oil stockpile is expected to dip below two million tonnes in February as palm oil production is likely to decline further following a downtrend for the third consecutive month in January.Hong Leong Investment Bank (HLIB) research ...
Apex Securities has kept its "neutral" call on the plantation sector as the market is believed to have factored in the recovery of crude palm oil (CPO) prices to around the RM4,000 per tonne projected by the research house.