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KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives (BMD) is likely to be steadier next week, rebounding from last week's downtrend, said a dealer.
PETALING JAYA: The transitory nature of the coronavirus disease (Covid-19) has resulted in extended post-Chinese New Year closures of factories and other establishments, especially in China which has disrupted the supply chain, but work is returning, albeit gradually.
KUALA LUMPUR: Affin Hwang Capital research has lifted its FY20-22E earnings forecasts for QL Resources Bhd by 2%-4% to take into account higher revenue per store for its convenience store operations and higher crude palm oil (CPO) average selling price.
KUALA LUMPUR: Affin Hwang Capital research has lifted its FY20-22E earnings forecasts for QL Resources Bhd by 2-4% to take into account higher revenue per store for its convenience store operations and higher CPO average selling price.
KUALA LUMPUR: Blue chips closed higher on Tuesday, underpinned by a rebound in Petronas Chemicals, Tenaga Nasional and Maybank as sentiment perked up following a firmer China market.
KUALA LUMPUR: CGS-CIMB Equities Research expects crude palm oil (CPO) prices to trade in the range of RM2,500 to RM2,800 per tonne in February and at an average of RM2,300 per tonne for 2020.
KUALA LUMPUR: Malaysia's total palm oil stocks eased 12.69 per cent to 1.76 million tonnes in January 2020 from 2.01 million tonnes recorded in December 2019.
Analysts say RM120mil-RM180mil needed for venture
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to consolidate at current levels next week.
India, the world’s largest edible oil buyer, has reportedly imposed import restrictions on refined palm oil and instructed traders to avoid palm oil-related purchases from Malaysia following a recent misunderstanding between the two countries’ governments.