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Norwegian fund targets palm oil sector, but not its own O&G venture

THE issue on sustainably-produced palm oil hogged the limelight again when the Norwegian Government Pension Fund Global (GPFG) recently said it has sold its stakes in 23 oil palm plantation firms which are not producing sustainable palm oil.

JP Morgan sees chance to accumulate plantation stocks

PETALING JAYA: JP Morgan Asia Pacific Equity Research sees buying opportunities for investors to accumulate good quality plantation stocks following a Norwegian sovereign fund’s sell-off in the sector which led to share prices in some counters coming under pressure.

Norwegian Govt Pension Fund Global divests out of 23 palm oil firms

The Norwegian Government Pension Fund Global (GPFG) disposed of its stakes in 23 Asian palm oil companies in 2012, including Kuala Lumpur Kepong and Genting Plantations.