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Sime Darby Plantation Q2 earnings surge 63% to RM617mil
KUALA LUMPUR: Sime Darby Plantation Bhd (SDP) is looking forward to the lockdown restrictions being lifted in the country to complete its independent evaluation of its labour practices by London-based ethical trade consultancy Impactt Ltd.
Stronger earnings for Sime Plantation, declares 7.9 sen dividend
KUALA LUMPUR: Sime Darby Plantation Bhd posted stronger earnings in the second quarter ended June 30, 2021 at RM617mil due to higher realised crude palm oil (CPO) and palm kernel (PK) prices, as well as an increase in fresh fruit bunch (FFB) production.
Businesses react positively to latest Covid-19 strategies
PETALING JAYA: Business leaders have reacted favourably to proposals by the government to increase spending to overcome the economic and health crisis caused by the Covid-19 pandemic.
Declining profits ahead for glove makers
KUALA LUMPUR: Maybank Investment Bank Research has downgraded the glove sector to neutral on concerns of declining average selling price (ASP) trend and lack of strong catalysts over the medium term.
Glove sector downgraded to underweight as ASPs weaken
KUALA LUMPUR: UOB Kay Hian Malaysia Research has downgraded the glove sector to underweight from market weight as it fears the moderation of earnings over 2022-23 would drag on sentiment.
FGV to appoint independent auditor for forced labour assessment in August
KUALA LUMPUR: FGV Holdings Bhd will soon appoint an independent auditor to conduct an assessment of its operations following the US Customs and Border Protection's (CBP) ban on the import of its palm oil products in September last year.
Anomaly in Top Glove’s ADR positive for shares on Bursa, SGX
KUALA LUMPUR: The surge in Top Glove’s American Depository Receipt (ADR), which trades on the Nasdaq Stock Exchange, is an “anomaly or outlier” which could boost investor sentiment towards the shares.
Glove makers unlikely to be severely impacted by softening prices
THE recent double-digit dip in glove ASPs (average selling prices) for Top Glove Corp Bhd is not likely to be mirrored by other glove makers, due to certain factors that are unique to the world’s largest glovemaker, say research analysts.
