“Undervalued SMID caps such as Boustead Plantations Bhd (pic) and Hap Seng Plantations Holdings Bhd will continue to be potential M&A and/or privatisation targets,” said Maybank Investment Bank Research in a note yesterday.
KUALA LUMPUR: Merger and acquisition (M&A) activities in the plantations sector are expected to continue, underpinned by the high price of crude palm oil (CPO) and undervaluation of small and mid (SMID) cap companies.
“Undervalued SMID caps such as Boustead Plantations Bhd
and Hap Seng Plantations Holdings Bhd will continue to be potential M&A and/or privatisation targets,” said Maybank Investment Bank Research in a note yesterday.
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