Planters to benefit from stronger upstream earnings in 4Q

Quick Summary:

PETALING JAYA: Plantation companies will likely deliver a good set of results in the fourth quarter of financial year 2024 (4Q24) given better upstream earnings arising from higher palm product prices.

HLIB Research has kept an "overweight" call on the sector and also made no changes to its earnings estimates on planters for now.

The research house said "we maintain our 2025-2026 CPO price assumptions of RM4,000 per tonne and RM3,800 per tonne respectively, with the view that CPO price will stay at elevated levels in the near term (possibly until 1Q25), supported by weak output".

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: MalaysiaIndonesiaMaliPeru

Topics: Hap Seng IOI /Business/Business News Upstream CPO Plantations Palm

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-05 @ 13:17:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 724 words

Reading Time: 5 minutes read

Sentences: 23 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 25904014

View Article Analysis

About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 41 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 11 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

Frequently Asked Questions