IOI Corp projected for a better quarter

IOI Corp Bhd’s outlook looks promising, says Kenanga Research

PETALING JAYA: IOI Corp Bhd’s outlook looks promising due to the seasonal recovery in production of palm oil along with Indonesia’s lift of its 25 days palm oil exports ban.

According to Kenanga Research, supply for the the world’s leading vegetable oils that includes palm and soyabean, is expected to pick up in the second half of this year.