Ioi Corp: THIS plantation giant’s share price has outperformed the KL Composite Index and Plantation Index by 15.3% and 12.9% over the past three months on improved outlook in crude palm oil prices. Avenue Securities, in its recent notes, said the current premium valuation of the stock would have reflected the diversified earnings base of IOI Corp. It also does not discount the possibility of positive earnings from future new plantation acquisitions, capacity expansion in downstream operations, as well as higher dividend payouts to further drive the share valuation higher.
IOICORP : [Stock Watch] [News]
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