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KUALA LUMPUR: Maybank Investment Bank Bhd expects Malaysian planters to report much stronger YoY and QoQ core earnings largely on crude palm oil (CPO) price recovery.
PETALING JAYA: Boustead Holdings Bhd fell into the red in the third quarter due to huge impairments from its heavy industry and property divisions, as well as weaker results in other units.
BOUSTEAD Plantation Bhd continued its path to recovery on Monday after breaking above the 100-day simple moving average (SMA).
KUALA LUMPUR: Stocks to watch for on Friday include Ekovest Bhd, Boustead Plantations, Malaysian Resources Corp Bhd’s (MRCB), WCT Holdings Bhd, Hibiscus Petroleum Bhd and Deleum Bhd, according to JF Apex Research.
PETALING JAYA: Boustead Plantations Bhd saw its net loss widening to RM34.31mil in the third quarter ended Sept 30 from RM21.89mil in the previous corresponding quarter on higher amortisation and finance costs.
KUALA LUMPUR, Nov 21 (Bernama) -- Boustead Plantations Bhd’s net loss had widened to RM34.31 million in the third quarter ended Sept 30, 2019 from RM21.89 million in the same quarter last year, mainly due to higher amortisation and finance costs.
PETALING JAYA: Plantation heavyweights saw their share price jump as crude palm oil (CPO) prices continued to rally, and as investors bet on improved earnings from the companies in the coming quarters.
PETALING JAYA: Boustead Plantations Bhd has delivered a net profit of RM79.23mil for its second quarter ended June 30, compared with a net loss of RM22.24mil in the previous year’s corresponding quarter.