RHB raises earnings estimate for Sarawak Oil Palms


KUALA LUMPUR: RHB research is positive over Sarawak Oil Palms Bhd (SOP) as the planter revealed measures it had taken to mitigate the effects of the coronavirus on its operations.

In its recent report, the research house raised its FY20 earnings on the counter by 14.8% and left its FY21-22 forecasts unchanged. It raised its target price to RM2.70 from RM2.35 previously.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Fed policymakers agree: there's no urgency to cut rates
Ringgit opens easier against US$ as Fed turns hawkish
Main Market-bound Keyfield to gain from AWB market upcycle
FBM KLCI continues rebound after two days of recovery
Trading ideas: RHB, Axiata, Yinson, Affin, Kimlun, AWC, Pansar, DC Healthcare, AwanBiru, Systech, Auro, Bursa Malaysia, HeiTech Padu, AmFirst REIT and Sin-Kung Logistics
Farhash no more HeiTech’s substantial shareholder
AWC lands RM17.8mil plumbing job
SupportLine
Trading suspension for Awanbiru
Pansar secures RM269mil utility contract

Others Also Read