Weaker Q4 earnings seen for planters

CGS-CIMB Research says the sector lacked catalysts, adding it remained supported by a decent dividend yield of 3%.

PETALING JAYA: Plantation companies will likely report weaker sequential and annual earnings for the fourth quarter ended Dec 31, 2022 (4Q22), in the upcoming corporate earning reporting season.

The weaker results will be due to lower crude palm oil (CPO) prices and rising costs during the quarter under review.