Strong Q4 results despite accounting wrinkle

Steady market: People work at an oil palm estate in Melaka. With low brought-forward stockpile and current seasonal low output, CPO prices will stay lofty in the first quarter.

PETALING JAYA: Forward sales could likely dampen palm planters’ highly anticipated stronger set of results in the fourth quarter of 2020.

Maybank Investment Bank (Maybank IB) Research expects those with forward sales, depending on the size and price locked-in before Dec 31,2020 for delivery in 2021, to see some accounting fair value (FV) losses on derivative financial instruments (FI).