LOCAL unit trust funds have increased their cash holdings amid growing risks as a result of interest rate hikes and the Russia-Ukraine war. According to JP Morgan’s April 1 note, the cash levels rose to a 12-month high in February, amounting to 11.2% of assets under management. This compares with 10.2%, 9.3% and 9.1% in January, December and November respectively. The March data is not yet available. The strategy to hold more cash could potentially affect the performance of the local bourse, particularly blue-chip stocks.
KUALA LUMPUR, Feb 28 — Malaysian dairy company Farm Fresh Bhd is eyeing proceeds of RM1 billion and a market capitalisation of RM2.5 billion upon its listing on Bursa Malaysia’s Main Market based on its initial retail price of RM1.35 per share. Proceeds to the company of about...
In a Monday press release, Farm Fresh noted that it will raise approximately RM1 billion, in an offer for sale of up to 520.2 million of its share and a public issue of 223 million new shares, based on an initial offering price of RM1.35 per share
KUALA LUMPUR: Malaysian dairy company Farm Fresh Bhd is eyeing proceeds of RM1 billion and a market capitalisation of RM2.5 billion upon its listing on Bursa Malaysia's Main Market based on its initial retail price of RM1.35 per share.
Anuradha Raghu and Yantoultra Ngui, Bloomberg News Harvested oil palm fruits are loaded into a trailer at a plantation in Kapar, Selangor, Malaysia, on Monday, May 3, 2021. Palm oil jumped the most in 11 months after its closest rival soyoil powered to fresh 2008 highs and as traders weighed tighter-than-expected supplies of the tropical oil in No. 2 grower Malaysia. Photographer: Joshua Paul/Bloomberg , Bloomberg
(Bloomberg) -- A blistering palm oil rally is stoking a flurry of plantation deals as growers brace for stiffer challenges from environmental and labor risks.
Higher prices of the tropical oil over the past year created a profit windfall for the industry, making the time ripe for cash-rich planters to snap up plantation assets. Itâs also an opportunity to monetize estates for smaller-sized growers grappling with rising operational costs and worker shortages, as well as heightened scrutiny on environmental, social and governance issues.