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Govt optimistic of CPO hitting RM2,600
KUALA LUMPUR: The Plantation Industries and Commodities Ministry is optimistic that the price of crude palm oil (CPO) will continue to rise up to RM2,500-RM2,600 per tonne by the end of this year.
Ta Ann ops not severely impacted by Covid-19
SIBU: Ta Ann Holdings Bhd’s business operations have not been severely impacted by the Covid-19 pandemic, says executive chairman Datuk Amar Abdul Hamed Sepawi.
CPO futures to see range-bound trading next week
KUALA LUMPUR, Aug 1 (Bernama): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade range-bound next week at between RM2,650 and RM2,750 per tonne, said a dealer.
Volatilities in Bursa trading to taper off in 4Q, says Kenanga
KUALA LUMPUR: Following the recent price rally, Kenanga Investment Bank Research is turning cautious on Bursa Malaysia Bhd and downgrading the stock to "market perform" on expectations that volatilities on the stock market will taper off towards the year-end.
Chin Teck’s Q3 net profit jumps 44%
PETALING JAYA: Chin Teck Plantations Bhd saw its net profit increase 44% to RM11.2mil for the third quarter (Q3) ended May 31,2020, from RM7.8mil in the corresponding quarter last year.
United Plantations’ Q2 profit up 63%
PETALING JAYA: United Plantations Bhd (UP) has posted a 63% rise in net profit to RM123.59mil for the second quarter ended June 30 from RM75.94mil previously, thanks to higher palm oil production and selling prices.
RHB upbeat on Sarawak Oil Palms as CPO prices rally
PETALING JAYA: Sarawak Oil Palms Bhd could be a beneficiary of investors turning to plantations as their next play, as they offer a relatively safe haven, says RHB Investment Research.
UP expects to beat 2019 results on higher CPO prices, output
KUALA LUMPUR: United Plantations Bhd expects higher palm oil prices and rising output to help the company beat last year's result in 2020.
