Limited upside: A significant increase in near-term CPO price will be limited due to higher inventory level resulting from the seasonal high crop production.
PETALING JAYA: The weaker price of crude palm oil (CPO) is making a huge dent on timber companies’ earnings.
WTK Holdings Bhd
, Jaya Tiasa Holdings Bhd and Ta Ann Holdings Bhd reported sharp falls in net profits for the quarter ended March 31, 2015 on lower contributions from their plantation divisions.
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