MKHOP seeks to capitalise on higher CPO prices amid tighter global supply

From left: Kenanga Investment Bank head of corporate and institutional coverage Leong Yew Loong, MKHOP independent non-executive director Hasuria Che Omar, M&A Securities Sdn Bhd managing director Datuk Bill Tan, MKHOP executive director Emily Chen, non-executive director Tan Sri Datuk Eddy Chen, chairman Datuk Alex Chen Kooi Chiew, executive director Datuk Andy Lee Khee Meng, Embassy of the Republic of Indonesia deputy chief of mission, Ibu Rossy Verona, MKHOP non-independent non-executive director Yeo Kiat Seng and AmInvestment Bank Bhd deputy CEO Christopher Ng Kok Wai

KUALA LUMPUR: The tighter global crude palm oil (CPO) supply resulting from the ongoing El Nino dry weather in Malaysia is expected to support the CPO prices, said MKH Oil Palm (East Kalimantan) Bhd (MKHOP).

Chairman Tan Sri Chen Kooi Chiew @ Cheng Ngi Chong said this presents a favourable outlook for the company as it focuses on improving production efficiency to enhance oil extraction rates to capitalise on the higher CPO prices.