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Steady earnings ahead for palm planters

CPO price to remain strong for the rest of the year

Malaysia , Petaling , Malaysia-general- , Malaysian , Maybank-ib-research , Sarawak-oil-palms , Hap-seng-plantations-holdings-bhd , Holdings-bhd , Sarawak-oil-palms-bhd , Malaysian-palm-oil-board , Genting-plantations

Summary of business news June 7 to 13

EPF, Moody’s outlook on economy, KL Kepong and IJM Plantations, Creador and Tealive among top read stories

Bangkok , Krung-thep-mahanakhon , Thailand , Kulim , Kedah , Malaysia , Kelantan , Kepong , Malaysia-general , Malaysian , Malaysians , Kuala-lumpur-kepong

Kenanga recommends 'accept offer' for IJM Plantations if MGO triggered

KUALA LUMPUR: In the event of a mandatory general offer (MGO) for shares in IJM Plantations Bhd by Kuala Lumpur Kepong Bhd (KLK), Kenanga Research has recommended stakeholders accept the proposed offer given its premium valuations.

Kenanga , Jakarta-raya , Indonesia , Kuala-lumpur , Malaysia , East-kalimantan , Kalimantan-timur , Kuala-lumpur-kepong-bhd , Hap-seng-plantations-holdings-bhd , Kenanga-research , Kuala-lumpur-kepong

Why IJM is hiving off its plantation arm

Deal could spur consolidation among planters

Kenanga , Jakarta-raya , Indonesia , Malaysia , East-kalimantan , Kalimantan-timur , United-states , Malaysian , Indonesian , Putra-bongan-jaya , Kuala-lumpur-kepong-bhd , Liew-hau-seng

CPO seen hitting RM5,000 mark soon

Ahmad Parveez (pic) told StarBiz that the spot CPO prices could hit the RM5,000 per tonne mark, which closely tracked the performance of the soybean oil prices (SBO) that is also on the uptrend currently.
PETALING JAYA: Local spot crude palm oil (CPO) price could likely hit the RM5,000 per tonne mark in the near term, given the current powerful rally on the global commodities markets, says Malaysian Palm Oil Board (MPOB) director-general Dr Ahmad Parveez Ghulam Kadir.
On May 7, the physical CPO price recorded its best performance in the history of Malaysian palm oil sector. The commodity surged to RM4,758.50 per tonne after hitting an intraday high of RM4,800 per tonne and a low of RM4,640 per tonne.

Malaysia , Petaling , Malaysia-general , Malaysian , Ahmad-parveez-ghulam-kadir , Adrian-kok , Ahmad-parveez , Hap-seng-plantations-holdings-bhd , Kenanga-research , Malaysian-palm-oil-board , Bursa-malaysia , Plantation-index

CPO prices seen to be firmer

PETALING JAYA: Rising crude palm oil (CPO) prices, which have hit a 13-year high, may have peaked as further upsides could be capped by increases in inventory levels.
Malaysia’s palm oil inventories rose to their highest level in four months in March, gaining 11% month-on-month to 1.45 million tonnes.
The growth, naturally, beat the consensus forecast. The benchmark palm oil futures closed up RM76 at RM3,726 per tonne yesterday.
TA Securities in a report yesterday said it remains cautious about a possible pullback in CPO prices in the second half of 2021. “However, we still expect the average CPO price for 2021 to be firmer and higher than 2020.

Malaysia , United-states , India , Petaling , Malaysia-general , Kenanga , Jakarta-raya , Indonesia , China , Pakistan , Malaysian , Hari-raya

HLIB keeps 'neutral' on plantation sector as CPO prices expected to soften from 2Q

KUALA LUMPUR (March 5): Hong Leong Investment Bank (HLIB) Research maintains its "neutral" call on the plantation sector, as the research firm believes the current high crude palm oil (CPO) price will not sustain over the longer term.
In a note today, the research firm named its top picks, namely Hap Seng Plantations Holdings Bhd with a "buy" call and target price (TP) of RM2.17, IJM Plantations Bhd (buy, TP: RM2.29), and TSH Resources Bhd (buy, TP: RM1.35).
At the time of writing, shares of Hap Seng Plantations were up three sen or 1.61% to RM1.89, valuing the group at RM1.51 billion. Meanwhile, IJM Plantations was unchanged at RM1.82 with a market value of RM1.6 billion, while TSH Resources was up one sen or 0.95% to RM1.06, translating into a market capitalisation of RM1.46 billion.

Kuala-lumpur , Malaysia , Kuala-lumpur-kepong-bhd , Chye-wen-fei , Hap-seng-plantations-holdings-bhd , Corp-bhd , Hong-leong-investment-bank , Holdings-bhd , Hap-seng-plantations , Sime-darby-plantation-bhd , Genting-plantations-bhd , Sime-darby-plantation

CPO and share prices of producers diverge

WHY are plantation stocks not on the radar of investors even though crude palm oil (CPO) prices have gained as much as 18% from RM3,070 per tonne on Nov 3 last year to RM3,632 per tonne last Wednesday?
Analysts say there are several factors dampening prices, but warn that environmental, social and governance (ESG) issues that now plague the sector could be the most damaging if not swiftly addressed. This is because international investors are increasingly placing great value on such practices.
As Covid-19 vaccines are now available, investors have shifted their attention from glove makers and manufacturers of personal protective equipment to technology stocks, owing mainly to strong demand for semiconductors. The lack of interest in plantation stocks is palpable as reflected in the Bursa Malaysia plantation index.

Malaysia , Indonesia , Singapore , Malaysian , Indonesian , Adrian-kok , Chris-eng , Kuala-lumpur-kepong-bhd , Choo-swee-kee , Kenanga-kok , Pankajc-kumar , Ta-ann-holdings-bhd

Hap Seng Plantations' 4Q net profit rises on higher commodity prices

KUALA LUMPUR (Feb 24): Hap Seng Plantations Holdings Bhd saw its net profit in the fourth quarter ended Dec 31, 2020 (4QFY20) increase by 47% quarter-on-quarter (q-o-q) to RM36.95 million from RM25.08 million. In a bourse filing, the planter said a combination of higher commodity prices and sales volume led to the increase. It noted that average selling prices for crude palm oil (CPO) and palm kernel (PK) were at RM3,148 per tonne and RM2,027...

Paraguay , Kuala-lumpur , Malaysia , India , Argentina , Brazil , Malaysian , Hap-seng-plantations-holdings-bhd , National-covid , Immunisation-programme , Seng-plantation

TM, VSTECS, Vitrox, D&O Technologies, Rubberex, Allianz Malaysia, Press Metal, Inari Amertron, Aeon, Genting Plantations, Parkson, DRB-Hicom, Hap Seng Plantations, Globetronics, Dayang Enterprise, Datasonic, UOA Development, Prestar, Tek Seng, Majuperak,

KUALA LUMPUR (Feb 24): Based on corporate announcements and news flow today, companies in focus tomorrow (Feb 25) may include: Telekom Malaysia Bhd, VSTECS Bhd, Vitrox Corp Bhd, D&O Green Technologies Bhd, Rubberex Corp Bhd, Allianz Malaysia Bhd, Press Metal Aluminium Holdings Bhd, Inari Amertron Bhd, Aeon Co (M) Bhd, Genting Plantations Bhd, Parkson Holdings Bhd, DRB-Hicom Bhd, Hap Seng Plantations Holdings Bhd, Globetronics Technology Bhd, Dayang Enterprise Holdings Bhd, Datasonic Group Bhd, UOA Development Bhd, Prestar Resources Bhd, Tek Seng Holdings Bhd, Majuperak Holdings Bhd, AirAsia Group Bhd, Destini Bhd and LKL International Bhd.
Telekom Malaysia Bhd (TM) returned to the black in the fourth quarter ended Dec 31, 2020 (4QFY20) registering a net profit of RM259.44 million from a net loss of RM51.09 million recorded a year earlier due to lower operating costs and net other gains, the telco said. The improvement in its bottom line was despite the fact that TM saw its revenue fall slightly by 1.1% to RM3 billion from RM3.03 billion a year earlier, underpinned by lower revenue in its voice, data and non-telecommunication services. Its earnings per share (EPS) jumped to 6.87 sen in the quarter from 1.37 sen a year earlier. TM also declared a final interim single-tier cash dividend of 7.5 sen, to be paid on March 31.

China , Kuala-lumpur , Malaysia , Dayang , Shaanxi , Singapore , Selangor , Drb-hicom-bhd , Datuk-razali-mohd-yusof , Handrianov-putra-abu-hanifah , Safian-mohd-yunus , Lkladvance-metaltech-sdn-bhd