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 a
Publishing date: Apr 01, 2021 • April 1, 2021 • 2 minute read •
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(Bloomberg) As the world’s biggest glove maker stumbles because of ESG concerns, a metal producer’s focus on environmental, social and governance practices has made it a darling among investors.
Press Metal Aluminium Holdings Bhd. surged 18% in the March quarter to become the best performer on Malaysia’s benchmark stock index. The company, whose plants run on hydropower, has rallied amid higher prices of the metal and bets that its products made with a smaller carbon footprint will be in demand.
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KUALA LUMPUR (Feb 26): Share prices of semiconductor-related companies on Bursa Malaysia are hitting record highs; so are their latest quarterly earnings.
The few companies that posted record high quarterly net profits are UWC Bhd, Vitrox Corp Bhd, Inari Amertron Bhd and Greatech Technology Bhd.
Fund managers and investment analysts told The Edge that the astronomical increases in earnings among semiconductor companies are expected to continue in the current year, particularly because of the chip shortage that has been accentuated by the further computerisation of consumer electronics, the implementation of 5G, and greater usage of technology in the automotive industry.
TA Investment Management Chief Information Officer Choo Swee Kee expects earnings for semiconductor companies to be strong on the recovery of consumer demand for electronic and electrical products post-pandemic worldwide.
PETALING JAYA: While the extension of time for Practice Note 17 (PN17) companies to submit their regularisation plans provides more breathing space amid the current pandemic, industry observers believe this relief measure can be a double-edged sword.
MALAYSIA's medical glove makers, one of the hottest pandemic trades, have seen bearish bets surge since the Southeast Asian nation lifted a ban on the practice at the start of this year.