PETALING JAYA: Analysts are generally keeping a positive mood that is tinted with caution towards Genting Plantations Bhd
, weighing between the group possibly having a strong final quarter of the year (4Q24), to factors such as a challenging downstream business environment.
Maybank Investment Bank (Maybank IB) Research said the plantation group’s core profit after tax and minority interest (Patmi) had missed the research house’s and consensus estimates due to a delay in Indonesia’s crop recovery, impairments, and a net inventory build-up.
