PETALING JAYA: Analysts have maintained their “buy” call on IOI Corp Bhd
after the plantation giant says it has, together with Mega Star Holding Pte Ltd, signed a joint venture to develop Malaysia’s first state-of-the-art, integrated and sustainable coconut mill complex in Segamat, Johor.
MBSB Research said the venture strategically complements IOI Corp’s existing upstream coconut operations, enabling the group to expand its production of high-value lauric-based derivatives and strengthen its position in the specialty oils and fats segment.
