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CGS-CIMB Research sees CPO trading RM2,900 to RM3,200
KUALA LUMPUR: CGS-CIMB Equities Research expects crude palm oil (CPO) prices to trade in the range of RM2,900 to RM3,200 per tonne in Jan 2020F and average RM2,300 per tonne for 2020F.
KLK to focus on improving operational efficiencies
PETALING JAYA: The strong recovery in crude palm oil (CPO) prices in the last quarter of 2019 may have improved prospects, but Kuala Lumpur Kepong Bhd (KLK) is not resting on its laurels.
KLK ready for RFID toll collection from today
KUANTAN: The Kuala Lumpur-Karak Highway (KLK) is ready for toll collection using radio-frequency identification (RFID) technology beginning today.
Discounts on toll rates to be offered during Christmas
PETALING JAYA: Road users will enjoy discounts of up to 33% on tolls at certain highways during the Christmas season.
CPO export tax to impact plantation players
PETALING JAYA: Plantation players are bracing for the 5% tax which will be imposed on their CPO exports next month for the first time since August last year.
Shaky start for Bursa as KLK, Public Bank and CIMB weigh
KUALA LUMPUR: Bursa Malaysia and Asian markets started on a shaky footing on Tuesday after the overnight decline on Wall Street ahead of the US tariff deadline.
Petronas stocks, Tenaga weigh on KLCI, plantations shine
KUALA LUMPUR: Petronas-linked stocks, Tenaga Nasional and Public Bank weighed on the FBM KLCI on Wednesday on continued fund selling but plantations brightened the gloomy market as crude palm oil (CPO) futures rallied past RM2,900.
KLCI perks up on Sime Plantation, KLK’s gains
KUALA LUMPUR: Blue chips managed to reverse out of the early losses on Friday as fund buying of Sime Plantation and KL Kepong provided an upbeat outlook, in line with key Asian markets.
Slow start to December for Bursa, Tenaga weighs
KUALA LUMPUR: Bursa Malaysia eked out slight gains early Monday to put the new month of December on a slow mode after last Friday’s battering by foreign funds, especially for power giant Tenaga Nasional.
Planters to be hit by extra RM1 cess
KUALA LUMPUR: The additional RM1 cess per tonne of palm oil produced that will be imposed by the government starting next year will lead to higher production costs for planters.