PETALING JAYA: Sarawak Oil Palms Bhd
’s (SOP) upcoming second-quarter results for financial year 2023 (2Q23) will likely miss estimates, weighed down by lower year-on-year (y-o-y) average selling prices (ASP) and output, as well as higher costs, says Maybank Investment Bank (Maybank IB) Research.
The brokerage firm said it estimated SOP’s 2Q23 core profit after tax and minority interest at about RM41mil, down 73% year-on-year (y-o-y) and falling 13% quarter-on-quarter (q-o-q).
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
