SHARES in PPB Oil Palm Bhd have been on an upward trend since the start of this year as investors and analysts grow increasingly confident that the company’s expansion plans will enhance long-term earnings.
The mid-cap plantation company plans to match the current plantation size of IOI Corp Bhd
and KL Kepong Bhd through a planting programme on 100,000ha in Indonesia’s central Kalimantan. Upon completion of the programme in five years, the company’s total planted area will rise to around 160,000ha, a large local brokerage said in its research notes.
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