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KUALA LUMPUR: United Malacca Bhd (UMB) is expected to return to profitability in the financial year 2021 (FY21) with a core net profit of RM22mil, says CGS-CIMB Research.
PETALING JAYA: More oil palm plantation companies are venturing into agriculture-related businesses, from dairy farming to pineapple and coconut cultivation, on a large-scale basis in their efforts to further diversify income streams.
PETALING JAYA: United Malacca Bhd has locked in forward sales for 50% of its monthly production up to June this year at a price of about RM3,000 per tonne.
Sector improves with CPO rallying to a decade-high price
PETALING JAYA: United Malacca Bhd’s forecast earnings for the current and next financial years have been revised down by TA Securities Research, which cited lower margins and higher finance costs.
KUALA LUMPUR: The FBM KLCI was slightly higher at midday as glove stocks rose amid a growing number of coronavirus cases globally.
No sweet start for huge stevia-planting project in Sulawesi
KUALA LUMPUR: Stocks to watch on Monday include United Malacca Bhd, NTPM Holdings Bhd, Sanichi Technology Bhd, Gamuda Bhd, Parlo Bhd, Serba Dinamik Group Bhd and Destini Bhd, according to JF Apex Research.
KUALA LUMPUR: Kenanga Investment Bank Research has turned more optimistic over United Malacca Bhd's prospects for its current financial year with expectations for the group to turn profitable.