Plantation players to ride on strong CPO prices

BIMB Securities, in its latest sector update, said the higher CPO price forecast would amplify the revenue and earnings growth momentum for plantation companies for the rest of 2021.

PETALING JAYA: The earnings prospects of listed planters for the second half of this year will remain intact as the price of crude palm oil (CPO) is expected to trade above RM3, 000 per tonne.

CPO is currently trading between RM3, 600 and RM3, 640 per tonne.