IOI Corp to post stronger results

IOI Corp oil palm fruits. IOI Corp management expects the overall financial performance for 4QFY21 to remain good.

KUALA LUMPUR: IOI Corporation Bhd is expected to post much stronger results in the fourth quarter ending June 30,2021 (4Q21), underpinned by higher palm oil prices and production, TA Securities Research says.

In its research note on Monday, it said IOI Corp management expects the overall financial performance for 4QFY21 to remain good, supported by high crude palm oil (CPO) price and increase in crop production from the plantation segment as well as the expected demand improvement in the manufacturing segment as the global economy recovers gradually.