Palm Oil

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CPO futures likely to trade within tight range next week

KUALA LUMPUR: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are likely to trade within a tight range of between RM1,900 and RM1,920 a tonne next week on trade war strain, said a dealer.

Is Teo Seng undervalued at RM1.32?

AFTER posting an excellent set of quarterly results, and with its substantial shareholder Leong Hup International Bhd returning to the stock exchange for a highly-anticipated initial public offering (IPO) next week, Teo Seng Capital Bhd is in the limelight.

Egg-citing: Teo Seng has drawn investor-attention after recording a  stunning 234% increase in net profit during the first quarter ended March 31.

Harn Len plans to maintain operations in Pahang

Loss-making Harn Len Corp Bhd, which is disposing of its 5,249.7-acre oil palm estate in Pahang, will continue its plantation business in the state, contrary to its earlier plan to exit the Peninsular Malaysia market.

KLCI closes at January 2016 low on US-China trade war

KUALA LUMPUR: Malaysia's FBM KLCI closed at Friday's low as blue chips came under continued selling pressure from foreign funds while the ringgit weakened against the US dollar due to the intensifying US-China trade war.

KLCI closes at January 2016 low on US-China trade war

Malaysian palm stocks seen near 3mil tonnes until year-end

KUALA LUMPUR: Malaysian palm stocks are expected to hover around 3 million tonnes for the rest of the year, as improved yields from good weather and new plantings come into fruition this year and exports remain flat, say industry players, whose estimates range between 2.7-3.4 million tonnes.

"Stocks are set to go higher, unless you can drum up exports big time. But I don't think stocks will lower further, we'll see it rising May onwards," said a Kuala Lumpur-based physical trader.  "May has seen good production in the last 15-20 years, June is equal or lower and then production will move up towards year-end."