Affin Hwang: Palm oil division to drive Jaya Tiasa profit

CPO uptrend: Affin Hwang Capital research said CPO prices are expected to increase in the first quarter as Malaysian palm oil inventory declines given the seasonal production declines and higher world palm oil consumption. — Bloomberg

PETALING JAY: Jaya Tiasa Holdings Bhd’s palm oil division is expected to drive earnings due to rising crude palm oil (CPO) production, better prices and lower production costs.

Affin Hwang Capital research said CPO prices are expected to increase in the first quarter as Malaysian palm oil inventory declines given the seasonal production declines and higher world palm oil consumption.