Palm Oil

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Optimism on Genting group continues

The Genting group of companies, one of Malaysia’s most cash-rich conglomerates, begins its current financial year with a dent in its bottom line.

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Challenges for immigration system

Genting Plantations Q1 net profit drops to RM42mil

KUALA LUMPUR: Genting Plantations Bhd posted a lower net profit of RM41.68mil in the first quarter (Q1) ended March 31, 2019 compared with RM100.98mil a year ago on the back of higher revenue during the period.

KLCI closes in the red again on late selling

KUALA LUMPUR: Investors' hopes of a firmer close for Bursa Malaysia evaporated as late selling pressured by foreign funds on key stocks including Sime Plantation, Tenaga Nasional and IHH Healthcare sent the FBM KLCI below the key 1,600 level.

Sime Plantation rolls out first satellite map platform Crosscheck

KUALA LUMPUR: The world’s largest plantation company, Sime Darby Plantation Bhd (SDP), is going the extra mile by rolling out the first satellite map platform known as ‘Crosscheck’ in the palm oil industry to convince its customers that its oil is deforestation-free.

IOI Corp core net profit below forecasts

KUALA LUMPUR: IOI Corp Bhd’ s nine-month core net profit came in below expectations due to lower-than-expected crude palm oil (CPO) price and fresh fruit bunches (FFB) output, says CIMB Equities Research.

“We cut our earnings and target price for the weaker CPO price. We maintain ‘reduce’ as the stock appears fully valued, given its unexciting near-term earnings prospects,” CIMB Equities Research said in a report