While RHB Securities has continued to be optimistic on the prospects of Wilmar International ahead, the brokerage is turning cautious on crude palm oil (CPO) prices.

RHB says it sees “downside” for CPO prices, particularly from 2Q 2021 onwards.

The brokerage adds that it is relooking at its CPO price forecasts of RM2,650 per tonne for 2021 currently.

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