Chin Teck likely to see better results in fourth quarter

PETALING JAYA: PublicInvest Research expects Chin Teck Plantations Bhd to see better results in the final quarter of the financial year 2023 (4Q23), underpinned by improved crude palm oil prices, supported by the current El Nino weather pattern.

Despite the group’s latest weaker-than-expected 3Q23 results, the research house has kept its earnings forecasts on the plantation company.