Sustainable turnaround possible for IJM Plantations

IJMP’s fourth quarter core earnings for the financial year ended March 31,2020 had beaten both RHB Research and the consensus expectations benefiting from higher palm oil prices and higher output.

PETALING JAYA: IJM Plantations Bhd (IJMP) is on its way for a sustainable turnaround given the improving age profile of its oil palm trees, according to RHB Research.

In a report, the research unit said: “We continue to like IJMP for its prime age profile, which is on the verge of a turnaround in Indonesia, as yields improve and costs moderate.”