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Amid stiff market competition, the century-old plantation sector will continue to struggle with long-standing labour shortage, rising operating costs, dwindling demand in traditional export markets and increasing anti-palm oil campaigns in the West, say market analysts.
KUALA LUMPUR: The FBM KLCI struggled to hold on to higher ground, ending the morning session just half a point higher against its previous close at 1,751.67 points.
KUALA LUMPUR: Sime Darby Plantation underpinned the FBM KLCI's advance on Friday with banks showing some recovery also but loss-making Sapura Energy fell to fresh record lows in very active trade.
KUALA LUMPUR: Blue chips closed lower on Wednesday, giving up more than half of the previous day's gains and Hong Leong Bank and HLFG came under profit taking while nearly all key Asian markets came under pressure.