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Report: Plantation players set to post weak Q2 results
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
Declining palm oil stock boosts prices
KUALA LUMPUR: The declining palm oil stock at 2.45 million tonnes for end-May is supportive of the near-term crude palm oil (CPO) prices, says CGSCIMB in its latest agribusiness report.
Bank Negara: Economy to grow by 4.3% to 4.8% in 2019
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.
Weaker performance from TH Plantations due to large impairments
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.
B10 mandate lifts CPO price
PETALING JAYA: The increased mandated usage of palm oil as fuel and rising demand from key buyers are helping to pare down record-high inventory and boost the commodity price to its highest level since July last year.
CIMB Research retains crude palm oil price forecasts at RM2,400
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.
CIMB Research sees CPO trading RM1,700 to RM2,000 in December
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.
Tough times for palm oil players with stockpiles on the uptrend
IT has undoubtedly been a challenging year for the Malaysian palm oil industry.
Better outlook for planters
PETALING JAYA: The earnings of plantation companies are expected to recover in the second half of this year after the sector took a hit in the last quarter.
TSH Resources sees rising CPO output
KUALA LUMPUR: Rising palm oil output at TSH Resources Bhd helped the company mitigated the impact of lower crude palm oil (CPO) prices in the second quarter ended June 30.
