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PETALING JAYA: Plantation players are likely to report weak second quarter (Q2) results on on the back of lower crude palm oil (CPO) price and production, as well as higher costs, said CGS-CIMB Research
KUALA LUMPUR: The Malaysian economy is expected to sustain its growth momentum and expand by between 4.3% and 4.8% in 2019 compared with 4.7% last year anchored by private sector activity, supported by stable income and employment growth, as well as sustained capacity expansion by businesses.
KUALA LUMPUR: TH Plantations Bhd reported a weaker set of results for the fourth quarter and financial year ended Dec 31, 2018 weighed down by impairments for its plantation assets, lower output and fair value loss in forestry.
KUALA LUMPUR: CIMB Equities Research maintained its crude palm oil price (CPO) price forecasts of RM2,400 for this year and RM2,500 per tonne in 2020.
KUALA LUMPUR: CIMB Equities Research projects crude palm oil (CPO) prices to trade within the RM1,700 to RM2,000 per tonne range in December.
IT has undoubtedly been a challenging year for the Malaysian palm oil industry.