Favourable CPO price to buoy SDP earnings

MIDF Research, in its latest report, has revised SDP’s earnings forecast by 46.3% for FY21 and 5.7% for FY22 given the better financial performance from its upstream segment.

PETALING JAYA: Sime Darby Plantation Bhd’s (SDP) future earnings growth will be supported by favourable crude palm oil (CPO) price, according to analysts.

For financial year 2021 (FY21), UOB Kay Hian Research has raised SDP’s net profit forecast by 80% to RM2.69bil