TA Securities maintaining a “buy” on Sime Darby Plantation Bhd, IOI Corp Bhd, Kuala Lumpur Kepong Bhd, IJM Plantations Bhd, TSH Resources Bhd, United Malacca Bhd and Wilmar International Ltd.
PETALING JAYA: The prolonged rally in crude palm oil (CPO) prices is expected to taper off in the second half (H2) of this year as the sector enters into a high production season over the next three to four months.
CPO prices rose to historical highs of above RM4,000 per tonne early this month with the current spot price trading at RM4,355 per tonne as at April 26.
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