With CPO prices trending higher into November, analysts are optimistic of sustained earnings for the final three months of the year.
PLANTATION earnings have generally surprised on the upside in the third quarter, thanks in part to higher crude palm oil (CPO) prices.
For example, Genting Plantations Bhd
’s net profit for the third quarter ended Sept 30 more than doubled to RM61.4mil from RM18mil a year ago on the back of stronger palm product prices and higher demand for its refined palm products. Revenue rose 35.8% to RM645.6mil from RM475.4mil previously.
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