Bright spots in palm oil industry despite higher Indian CPO duties - THE EDGE SINGAPORE

Broker's Calls

Bright spots in palm oil industry despite higher Indian CPO duties

India has raised its effective import duties on crude palm oil (CPO) effective Feb 2 in a negative for the palm oil industry.

Broker's Calls

This palm oil company is looking forward to a good 4Q

SINGAPORE (Nov 1): DBS is maintaining its “buy” rating on Indofood Agri Resources and its target price of 58 cents, after the palm oil company posted core earnings of IDR130 billion ($13.8 million)

Broker's Calls

First Resources, pick of the palm plantation sector

SINGAPORE (Oct 31): UOB Kay Hian is maintaining its “buy” on First Resources with a target price of $2 after the palm grower posted healthy quarter-on-quarter increases in Fresh Fruit Bunches (FFB)

Broker's Calls

Golden Agri in recovery mode

SINGAPORE (Aug 15): UOB Kay Hian and RHB are maintaining their “buy” recommendation for Golden Agri-Resources (GAR) with target prices of 42 cents and 44 cents respectively even after GAR’s 2Q resu

In print this week

Good weather returns to the palm oil sector

SINGAPORE (July 25): Emerging signs of La Niña — the cool, wet weather phase that brings plenty of rain to Southeast Asia — could spell relief for oil palm planters.

Broker's Calls

Neutral from La Nina

SINGAPORE (July 13): Maybank Kim Eng is maintaining its “neutral” call on the plantations sector, given weak demand for crude palm oil (CPO) from major importing companies have placed a dampener on

Wilmar emerges winner among unfancied upstream players

SINGAPORE (July 13): DBS Group Research has zeroed in on Wilmar International as its top plantation pick with a “buy” recommendation and a target price of $3.76.