KUALA LUMPUR: Affin Hwang Capital Research is maintaining its “neutral” rating on the plantation sector with Ta Ann Holdings Bhd as its top picks.

The research house said in a report Tuesday, Malaysia’s CPO production in November declined by 6.1% month-on-month to 1.85 million tonne, partly due to the seasonal monsoon factor.

Meanwhile, exports dropped by 12.9% month-on-month to 1.38m MT as major buyers such as China, the EU, Pakistan and the Philippines bought less of Malaysian palm oil products.

Affin said as palm oil exports and consumption in November were below production, palm oil inventory increased further to a record high of 3.0m MT.

...

Full Article on TheStar