Higher yearly earnings for plantation companies


TA Research has maintained its average CPO price forecast at RM4,000 per tonne for 2024 and RM3,800 per tonne for 2025, respectively.

PETALING JAYA: Plantation companies posted a mixed bag of earnings results in the second quarter of financial year 2024 (2Q24) amid lower crude palm oil (CPO) prices and higher operating costs, say analysts.

In its results preview, TA Research said of the seven planters under its coverage, four reported earnings that met expectations, one fell short and two exceeded its forecasts.

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