KUALA LUMPUR: Kenanga Research expects a strong 4QFY21 for United Malacca Bhd
on the back of higher fresh fruit bunch output and CPO prices as the production downtrend in Malaysia is on track to stage a recovery.
"We believe the group could register sequential earnings improvement lifted by higher CPO price (MPOB QTD4QFY21: +9% QoQ) and an expected improvement in FFB output," said the research house in a note.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
