Genting Plantations poised for better 2H24


PETALING JAYA: After a dismal second quarter of this financial year (2Q24), Genting Plantations Bhd is poised to see stronger second half (2H24) earnings with better oil palm fresh fruit bunch (FFB) yields, says Kenanga Research.

The research firm said the plantation company, which is majority-owned by Genting Bhd, posted poor FFB output in 1H24.“This turned around month-on-month (m-o-m) in August with a monthly fruit production of 0.189 million tonnes.

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