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plantation sector
Broker's Calls
UOBKH upgrades plantation sector to 'overweight' on share price strengthening expectations
The upgrade also factors in operating margin expansion in 2H2023 and 2024.
July 26, 2023
Broker's Calls
Plantation sector earnings to decline further in 2QFY2023, analysts maintain 'neutral'
Earnings should be lifted in 2HFY2023 as productivity improves and costs moderate.
June 13, 2023
Broker's Calls
RHB downgrades First Resources to 'sell' following disappointing 1QFY2023 results
The RHB analysts have also slashed their FY2023 to FY2025 earnings forecast by 20%-26%.
May 15, 2023
Broker's Calls
External factors dragged down CPO prices, RHB maintains 'neutral' on plantation sector
Despite moderating upside risks, there are still supportive factors that should keep prices relatively stable.
April 13, 2023
Broker's Calls
Bumitama Agri's FY2022 DPS beat expectations, Maybank keeps 'buy'
Maybank expects Bumitama Agri to report weaker earnings y-o-y in FY2023, given a more normalised crude palm oil environment.
April 11, 2023
Broker's Calls
RHB expects plantation earnings to be mostly in-line for 4QFY2022, maintain 'neutral'
The analysts continue to like integrated players like Wilmar.
February 02, 2023
Broker's Calls
Plantation sector likely to be less volatile in 2023: UOB Kay Hian
The analysts expect global palm oil demand to grow 7.2% versus supply growth of 3.8% for 2023.
January 09, 2023
Broker's Calls
CPO prices to remain relatively range bound in 2023 amid balanced supply improvements and rise in demand: RHB
Hoe continues to favour integrated players like Wilmar while also seeing value in players such as Bumitama Agri and Golden Agri.
December 15, 2022
Broker's Calls
Palm oil stock levels to remain high until year end, RHB maintains 'neutral'
Given the recent price increase, the tax levy in Indonesia may be reapplied sooner than expected.
November 11, 2022
Broker's Calls
Lower q-o-q earnings anticipated for plantation stocks in 3QFY2022 reporting season: RHB
The analysts have kept 'buy' on Wilmar with a target price of $4.95.
October 12, 2022