Weak CPO dampens timber stocks’ outlook


Sustained high demand for logs will keep supply tight and prices firm.

PETALING JAYA: Timber companies are benefitting from rising log prices and a cheaper ringgit but weaker crude palm oil (CPO) prices are keeping some analysts wary about their immediate prospect.

Affin Hwang Research said it was “neutral” on the timber sector.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Timber , CPO , WTK , Ta Ann

   

Next In Business News

MALAYSIA'S MARCH MANUFACTURING SALES VALUE GROWS 1.4 PCT TO RM158.4 BLN
Oil set for weekly gain as demand signs, geopolitics seen as positives
Asia stocks rally on renewed global rate cut optimism
Daiso invests RM1bil in new global distribution centre
IPI up 2.4% in March 2024 but below forecast
Malaysia end-April palm oil stocks rise 1.85%, MPOB says
FBM KLCI nearly flat at midday
UOB Malaysia's FY23 operating income hits record RM4.6bil, pretax profit RM1.9bil
Bursa Malaysia all-time high indicates Madani framework is building investor confidence
OCBC posts record Q1 profit, makes US$1bil bid to take Great Eastern private

Others Also Read