plantations

Plantation sector to face downside CPO price risk in 2Q21; Wilmar among top picks: RHB - THE EDGE SINGAPORE

Broker's Calls

Plantation sector to face downside CPO price risk in 2Q21; Wilmar among top picks: RHB

RHB Group Research analysts Hoe Lee Leng and Christopher Andre Benas are maintaining their ‘neutral’ rating for the plantation sector as they believe crude palm oil (CPO) prices may poten

Broker's Calls

RHB remains cautious of the plantation sector but names Wilmar a counter to look out for

SINGAPORE (July 22): Africa, India and Pakistan – key crop producing nations – have been facing their worst locust attacks following the heavy rains there since Cyclones Mekunu and Luban hit in 201

Malaysia

Shedding light on IOI Corp's five-year plan

(Apr 9): Any diligent and cost-conscious planter knows only too well that a “good buy” is hard to come by these days.

PLANTATIONS

Sector stocks stage a comeback; brighter days ahead as palm oil prices pick up

SINGAPORE (Dec 20): The palm oil industry this past year endured its fair share of turbulent times on the back of weak commodity prices, bad weather and dry spells in key markets such as Indonesia.

Palm oil

Indonesia finds one-fifth of palm oil plantations are illegal

(Oct 11): Indonesia is trying to clamp down on illegal palm oil plantations by first identifying the perpetrators.

Broker's Calls

Brokers slash estimates for Bumitama after 1Q disappointment, but say production remains strong

SINGAPORE (May 17): DBS Vickers Securities and UOB Kay Hian are maintaining their “buy” recommendations on Bumitama Agri Limited (BAL) with the respective price targets of 69 cents and 81 cents, ev

Sector Focus

Olam announces third palm plantation to achieve RSPO certification

SINGAPORE (May 2): Olam International says its Mouila Lot 3 palm plantation in Gabon has become Roundtable on Sustainable Palm Oil (RSPO) certified.

Broker's Calls

Bumitama Agri unanimously rated 'buy' for potential undervaluation, bright outlook

SINGAPORE (Nov 13): Maybank Kim Eng, DBS Vickers Securities, RHB Research and UOB Kay Hian are maintaining their “buy” calls on Bumitama Agri with the respective price targets of 98 cents, 85 cents

Results

Golden Agri posts 56% decline in 1H earnings to US$59 mil

SINGAPORE (Aug 14): Golden Agri-Resources (GAR) has announced earnings of US$59.4 million ($80.9 million) for the 1H17 ended June, down 55.5% from US$133.6 million reported in 1H16 due to the recog

Malaysia

FGV power tussle escalates

KUALA LUMPUR (June 14): The tussle between the management and board of directors of Felda Global Ventures Holdings (FGV) over irregular business dealings escalated yesterday as the board moved to s

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