Planters’ earnings outlook still uninspiring

Malaysian palm oil futures fell more than 1 percent on Friday, retreating from the previous session's seven-month high, hindered by a stronger ringgit and losses in U.S. soyoil on the Chicago Board of Trade.

PETALING JAYA: The earnings outlook for most plantation companies will likely remain uninspiring in the second quarter of this year.

This is considering the still weak crude palm oil (CPO) and palm kernel (PK) prices, according to Maybank IB Research in its report.