The research house expects Malaysia’s 2020 CPO production to be lower, potentially down by c.1-3% YoY (2019: 19.9 million tonnes), due to the lagged effect of the dry weather in 2019, lagged effect of lower fertilizer application and minimal new plantings of oil palm.
KUALA LUMPUR: Affin Hwang Capital Research is maintaining its neutral rating on the plantation sector, with Ta Ann as its top pick.
It said on Monday, its other buy ratings included Jaya Tiasa, IJM Plantations and Hap Seng Plantations while it has hold ratings on KL Kepong, IOI Corp and Genting Plantations; and sell ratings on FGV and Sime Darby Plantation
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