Affin Hwang Research retains Neutral on plantations

The government will draw up new strategies and approaches to combat the anti-palm oil campaign by the European Union (EU) which give negative perceptions of the palm oil industry in this country.

KUALA LUMPUR: Affin Hwang Capital Research is maintaining its “neutral” rating on the plantation sector with Ta Ann Holdings Bhd as its top picks.

The research house said in a report Tuesday, Malaysia’s CPO production in November declined by 6.1% month-on-month to 1.85 million tonne, partly due to the seasonal monsoon factor.