RHB Research remains upbeat on Sarawak Oil Palms' earnings prospects for FY24 to FY26.
PETALING JAYA: The competition in the palm oil downstream segment may intensify in the second half of the year following the recent restructuring of tax policy in Indonesia, giving Indonesian downstream players an extra edge over their Malaysian counterparts.
In addition, Malaysian companies in the sector also face challenges from India’s import tax hike on refined products, which was increased to 32.5% from 12.5% effective Sept 14.
