IOI Corp sees brighter outlook on production boost

UOBKH Research said management now anticipates a sharp increase in production over the next three months.

PETALING JAYA: Fresh fruit bunch (FFB) production for IOI Corp Bhd would likely miss its original financial year 2025 (FY25) target of 5% growth year-on-year (y-o-y), despite an anticipated strong pick-up in the next few months.

UOB Kay Hian (UOBKH) Research said the integrated palm oil player’s management indicated that its FY25 target would likely be missed during its post-first-half 2025 briefing.