LIKE many other commodities, Malaysia’s golden crop palm oil went through a whirlwind of a year. The upward trend in prices saw interest return to plantation counters that had missed out on the rally in crude palm oil (CPO) prices in 2021.
Here is a brief recap of some corporate announcements that made news on Friday (Dec 30) involving Telekom Malaysia Bhd, Malayan Banking Bhd, Astro Malaysia Holdings Bhd, Hextar Healthcare Bhd, MISC Bhd, Kuala Lumpur Kepong Bhd, Poh Huat Resources Bhd, Cypark Resources Bhd and Crest Builder Holdings Bhd.
It is unlikely that plantation companies will continue to post double-digit profit growths in 2023, according to analysts, due to lower crude palm oil (CPO) prices, higher energy costs, and costlier raw material.
Here is a brief look at some corporate announcements and news flow on Wednesday (Aug 17), which involve AMMB Holdings Bhd, Malaysia Marine and Heavy Engineering Holdings Bhd, Swift Haulage Bhd, Teladan Setia Group Bhd, Kuala Lumpur Kepong Bhd, Sime Darby Bhd, Tenaga Nasional Bhd, PMB Technology Bhd and Malaysia Pacific Corp Bhd.