Analysts said this adding that in the near term, Boustead Plantations would need to monetise more of its estates in Peninsular Malaysia to supplement its income and sustain its dividend payouts.
PETALING JAYA: Upstream oil palm company Boustead Plantations Bhd’s acquisition of estates in Sabah from Dutaland Bhd
is expensive and unlikely to be profitable in the first couple of years.
Analysts said this adding that in the near term, Boustead Plantations would need to monetise more of its estates in Peninsular Malaysia to supplement its income and sustain its dividend payouts.
Subscribe to The Star Yearly Premium Plan for 30% off
Cancel anytime. Ad-free. Full access to Web and App.
Monthly Plan
RM 13.90/month
RM 9.73/month
Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.
Annual Plan
RM 12.39/month
RM 8.63/month
Billed as RM 103.60 for the 1st year, RM 148 thereafter.