Higher prices: File picture shows a worker collecting oil palm fruits at IOI’s plantation in Kluang, Johor. IOI expects CPO prices to trend higher in the first quarter of 2016 and its plantation division to perform satisfactorily in the remaining quarters.
PETALING JAYA: There may be some optimism going forward for plantation giant IOI Corp Bhd
despite the headwinds from weak crude palm oil (CPO) prices and volatile ringgit.
However, the market may not be ready for a “buy” call on the stock yet, with most analysts still maintaining their “hold” or “reduced” calls.
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