THE plantation sector does not appear too compelling at the moment as there are no significant catalysts in sight.
Analysts who track the sector are mostly maintaining their “neutral” calls on it as many reckon that crude palm oil (CPO) – one of the industry’s main outlook determinants – is not expected to see any rally soon.
Former investment banker and private investor Ian Yoong Kah Yin, who tracks the plantation industry closely, reckons the sector is a “wait-and-see” sector.
“I expect the CPO price to trade between RM3,600 and RM4,500 per tonne in 2023.
...