Can palm oil and water mix?

A file picture shows a worker holding palm oil fruits at a mill in Selangor. Despite the fall in crude palm oil prices, brownfield oil palm plantation valuations will remain at current commercial price levels, according to an industry expert.

Puncak Niaga Holdings Bhd, which shareholders recently approved the disposal of its water operations and assets, is keen to dabble in the plantation industry. But the question is whether the timing is right.

Executive chairman Tan Sri Rozali Ismail (pic) had indicated that the company had its eye on several plantation estates in Malaysia.