KUALA LUMPUR: Affin Hwang Capital Research is maintaining its neutral rating on the plantation sector, with Ta Ann as its top pick.
It said on Monday, its other buy ratings included Jaya Tiasa, IJM Plantations and Hap Seng Plantations while it has hold ratings on KL Kepong, IOI Corp and Genting Plantations; and sell ratings on FGV and Sime Darby Plantation
.
“For sector exposure (small-mid cap), we prefer Ta Ann as they remained as one of the profitable upstream companies during a depressed crude palm oil (CPO) environment coupled with its undemanding valuation, ” it said.
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