Upstream-centred planters in for strong 1Q profit

PETALING JAYA: Plantation companies with 70% to 100% of revenue from the upstream segment are expected to report robust first-quarter 2024 (1Q24) earnings.

This is based on improved crude palm oil (CPO) production year-on-year (y-o-y), relatively stable average CPO prices and decreasing fertiliser costs.

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PalmOilEarnings , PlantationStocks , CPOProductionUp , FertilizerCostDown , GentingPlantations , TaAnnHoldings , CPOOutlook

   

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