EPF takes contrarian route cutting stakes in plantations in bullish times

PALM FRUITS READY TO UNDERGO THE STEAMING PROCESS AT IOI CORP'S GOMALI PALM OIL MILL IN SEGAMAT JOHOR.

PETALING JAYA: It seems the Employees Provident Fund (EPF) is taking a contrarian view of plantation stocks just as the market is most bullish about the sector.

In the past six months, the country’s biggest pension fund cut down its stake in IOI Corp Bhd from 10.2% in September to 7.2% last week.