“TSH Resources (TSH) is a pure upstream planter and is expected to realise the full benefits of higher CPO prices, ” Alliance DBS Research said.
KUALA LUMPUR: Alliance DBS Research believes the recent trend in crude palm oil (CPO) prices should continue into FY20 due to the plateauing of palm oil supply with dissipation in production yields, supply disruption from El-Nino and stronger soybean prices.
It had on Tuesday upgraded its CPO price assumptions for FY20-22F from RM2,230 and RM2,410 to RM2,450 and RM2,540.
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