Further M&A activity expected for plantations sector

KUALA LUMPUR: The mergers and acquisitions (M&A) in the plantations sector are expected to continue, underpinned by the high crude palm oil prices and undervaluation of small and mid (SMID) caps.

"Undervalued SMID caps such as BPLANT (BUY) and HAPL (Not Rated) will continue to be potential M&A and/or privatisation targets," said Maybank Investment Bank Research in a note.