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AFTER five years of often back-breaking work on a Malaysian palm oil plantation, Bangladeshi national Babul told his employer this month he was ready to call it quits.
KUALA LUMPUR: Bursa and key Asian markets closed sharply higher on Tuesday as investor sentiment was reinforced by stimulus measures and a drop in new Covid-19 cases.
PETALING JAYA: The potential impact of the Covid-19 pandemic, coupled with the fall in crude oil prices resulted in HLIB Research downgrading the sector to “neutral” from “overweight”, and revising its crude palm oil (CPO) price assumptions downwards.
KUALA LUMPUR: Stocks to watch on Monday include Dagang NeXchange Bhd (DNeX), Berjaya Corp Bhd (BCorp), Tenaga Nasional Bhd (TNB) and Yinson Holdings Bhd, according to JF Apex Research.
KUALA LUMPUR: Sime Darby Plantation Bhd expects the price recovery of palm products to be moderated over concerns raised by the Covid-19 outbreak as well well as restrictions by India on the import of refined palm oil.
KUALA LUMPUR: Bursa Malaysia bucked the regional trend to finish in negative territory today amid an overall cautious market, in contrast to the regional markets.
KUALA LUMPUR: Sime Darby Plantation Bhd (SDP) said its board of directors has approved the company’s divestment of its entire 100% stake in Sime Darby Plantation Liberia Inc (SDPL) to Mano Palm Oil Industries (MPOI).
KUALA LUMPUR: The rally in crude palm oil (CPO) prices underpinned the plantations advance and helped lift the FBM KLCI while the broader market perked up in line with the key Asian markets on hopes of a US-China trade deal.
Industry needs to observe good practices in acquiring and managing their plantations.
KUALA LUMPUR: Sime Darby Plantations targets to raise RM1bil in FY19 from its ongoing asset monetisation exercise, Maybank Investment Bank Research.