PETALING JAYA: Hap Seng Plantations Holdings Bhd
is expected to deliver stronger fourth-quarter earnings on a quarter-on-quarter (q-o-q) basis, driven by improved crude palm oil (CPO) production.
In a note, UOB Kay Hian (UOBKH) Research forecast Hap Seng Plantations’ core net profit to surge by 80% to 100% sequentially to RM50mil-RM55mil in the fourth quarter of financial year 2025 (4Q25).
The research house pointed out that both fresh fruit bunch and CPO production rose by 24% q-o-q in the fourth quarter or the October to December 2025 period.
“However, on a year-on-year basis, earnings may decline by 6% to 15%, following weaker CPO prices observed in the quarter (4Q25 average: RM4,180 per tonne versus 4Q24: RM4,790 per tonne),” UOBKH Research added.
The sequentially strong fourth-quarter results follow Hap Seng Plantations’ weak performance in 3Q.
