PETALING JAYA: Johor Plantations Group Bhd
, which is transitioning into an integrated palm oil firm, may see longer-term upside to earnings as contributions from downstream operations becomes more significant, according to Philip Research.
The company, building on its upstream presence, has a joint venture with Fuji Oil Co Ltd for the expansion into the downstream business, which involves the setting up of an integrated sustainable palm oil complex to be commissioned by the second half of 2026.
The research house projected meaningful contribution to the planter’s earnings after 2027, potentially adding RM400mil to RM700mil in annual revenue at single-digit profit margins.
...