Hap Seng achieves RM50.3mil earnings in 3Q23

KUALA LUMPUR: With one more quarter left to go, Hap Seng Consolidated Bhd is cautiously optimistic of a satisfactory results for its current financial year.

The conglomerate said palm oil inventories are expected to remain high in the coming months as lower demand is expected from major palm oil importers, India and China, due to high inventories and competition from rival edible oils.