Palm planters hit by weak demand

HLIB Research said it envisaged most planters will likely register a year-on-year decline in their upstream plantation earnings.

PETALING JAYA: Plantation companies will likely register a mixed performance in their upcoming second-quarter results (2Q23) starting Aug 23, according to Hong Leong Investment Bank (HLIB) Research.

This will occur on the back of mixed fresh fruit bunch (FFB) output growth and slightly lower crude palm oil (CPO) prices, it said.