RHB Group Research analyst Hoe Lee Leng has maintained "neutral" on the plantation sector given the continued uncertainty of the export policy in Indonesia.
In her June 9 report, Hoe keeps "buy” on winners of the change in Indonesia’s palm oil export tax structure, which includes Bumitama Agri and Wilmar International.
The Indonesian government will be imposing a new US$200 per tonne special export tax for the domestic market obligation (DMO) exemption to allow companies to obtain shipment permits without having to wait to verify their domestic sales obligation.
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