IOI expected to record weaker earnings

Hong Leong Investment Bank Research anticipates a weaker 2H23 for IOI on the back of a challenging operating environment at the manufacturing segment, particularly in refining and oleochemical sub-segments.

PETALING JAYA: IOI Corp Bhd is expected to record weaker earnings in the coming quarters as its downstream margins normalise, says RHB Research.

However, the global integrated and sustainable palm oil player’s valuation remains attractive at 13.2 times financial year 2023 (FY23) price earnings ratio and at the low end of its peer range of 12 times to 17 times, it added