SOP earnings forecast to rise on fresh fruit bunch growth

PETALING JAYA: Analysts anticipate higher earnings for Sarawak Oil Palms Bhd (SOP), backed by higher fresh fruit bunch (FFB) growth and improving downstream utilisation, albeit partially offset by slightly higher crude palm oil (CPO) unit costs.

Additionally, on the margin front, SOP managed to stay in the black in financial year 2023 (FY23) and expects to remain profitable in FY24 due to a better product mix and new marketing strategy.