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KLCI climbs on last trading day of February, broader market cautious
KUALA LUMPUR: Some mild buying of blue chips helped the FBM KLCI extend its rebound early Friday but the tech sell-off on Wall Street and weaker Asian markets weighed on the broader market.
Higher Q3 earnings for IJM Corp and IJM Plantations
PETALING JAYA: IJM Corp Bhd’s net profit for the third quarter ended Dec 31,2020 almost tripled to RM144.5mil, thanks to higher crude palm oil (CPO) prices and improved sales from its property development segment
Earnings upside seen for Hap Seng Plantations
PETALING JAYA: Brokerage firms generally expect an earnings upside for Hap Seng Plantations Holdings Bhd in the upcoming quarters.
IOI Corp poised to record stronger earnings in H2
PETALING JAYA: IOI Corp Bhd is expected to post robust earnings for the second half of its financial year ending June 30,2021, driven by its plantation segment on rising crude palm oil (CPO) prices.
Hap Seng Plantations posts higher 4Q net profit of RM36.95mil
KUALA LUMPUR: Hap Seng Plantations Holdings Bhd posted an 18.6% increase in net profit to RM36.95mil in the fourth quarter ended Dec 31, 2021, as compared to RM31.17mil in the previous corresponding quarter on higher average selling prices of crude palm oil (CPO) and palm kernel (PK)
PPB earnings buoyed by higher CPO price
PETALING JAYA: PPB Group Bhd has been been upgraded to an “outperform” from “market perform” by Kenanga Research on improving prospects.
IOI records jump in 2Q net profit to RM355.7mil
KUALA LUMPUR: IOI Corp Bhd posted a 66% jump in net profit in the second quarter ended Dec 31, 2020, to RM355.7mil from RM213.5mil in the previous corresponding quarter on the back of higher contribution from the plantations segment.
CPO futures to trade in range-bound mode next week
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to see muted trading next week at between RM3,450 and RM3,750 per tonne, said a dealer.
Fortunes lost, fortunes made
THE outbreak of the Covid-19 pandemic in 2020 has delivered a brutal hand to the country’s economy, bringing unprecedented challenges to the general public and corporate sector.
Slick year for CPO
KUALA LUMPUR: Sime Darby Plantation Bhd (SDP), which returned to the black in financial year 2020 (FY20), will be appointing another international independent third-party to review and audit its operations in a bid to tackle mounting forced labour allegations.
