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KUALA LUMPUR: RHB Research has a Buy call on plantation company TSH Resources Bhd with RM1.25, which is a 16% upside, while it increased the FY20-21F earnings by 1%-2%, after imputing new fresh fruit bunches (FFB) revisions, capex and in-house forex assumptions.
KUALA LUMPUR: BlackRock’s Investment Stewardship (BIS) team voted against the proposed re-election of six independent non-executive directors on the board of Top Glove Corp Bhd over what it said were severe shortcomings in management and oversight of worker health and safety-related issues.
KUALA LUMPUR: Malaysia will maintain its plan to limit total oil palm cultivated area at 6.5 million hectares, according to Plantation Industries and Commodities Ministry Secretary General Ravi Muthayah.
Due to Greece’s coronavirus restrictions, there has been a shortage of foreign labour, resulting in growers turning to family members to help with olive harvests, much like what their grandparents used to do.
PETALING JAYA: The Malaysian Palm Oil Board (MPOB) expects the current high prices of crude palm oil (CPO) trading above RM3,000 per tonne mark will continue until the first quarter of 2021, given the tight supply situation.
PETALING JAYA: At a time when there is an increased attention on whether foreign investors are ditching Malaysia for other Asean countries, the Statistics Department reveals that the rate of return on foreign direct investments (FDI) in the country has dropped sharply in the past decade.
THE 50% discount on development fee offered to developers in Kuala Lumpur is hoped to inject momentum into the construction sector that has been hit by the Covid-19 pandemic.