Stronger results ahead with price rally and higher output
PETALING JAYA: Planters are expected to post stronger third-quarter results for the financial year 2020 (FY20), thanks to the rally in crude palm oil (CPO) prices and higher production, say analysts.
According to CGS-CIMB Research, the anticipated higher third quarter (Q3) net profit by planters would be driven by a 36% year-on-year (y-o-y) rise in average CPO price at RM2,753 per tonne and 2.4% y-o-y rise in CPO production from the local estates.
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