CSGI Research sees possible upside for CPO prices in the fourth quarter on potentially stronger-than-expected demand linked to US biofuel mandates.
PETALING JAYA: Pure upstream plantation companies should see sustained earnings momentum, with current crude palm oil (CPO) prices holding steady at RM4,400 per tonne analysts say.
CGS International Research (CGSI Research) has recommended accumulating local upstream planters with attractive yields, such as Hap Seng Plantations Holdings Bhd
and Ta Ann Holdings Bhd, which are best positioned to benefit directly from firm CPO prices.
