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KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to remain steady next week on better demand, said palm oil trader David Ng.
KUALA LUMPUR: Malaysia’s crude palm oil (CPO) futures benchmark price may trade higher in June and July at RM2,400 per tonne if the world’s second largest edible oil producer maintains its higher export figures, including its export to India, Palm Oil Analytics owner and co-founder Dr Sathia Varqa said.
JAKARTA: Indonesia will keep its export tax for crude palm oil at zero for a third month in June, the country's trade ministry said.
PETALING JAYA: Bursa Malaysia broke records as trading value rose to a high of RM9.3bil. Trading volume appeared to be on the medium to large-capitalised shares this time around at 9.04 billion shares.
KUALA LUMPUR: Hap Seng Consolidated Bhd's net profit profit rose by 1.5% to RM160.37mil in the first quarter ended March 31,2020 from RM157.98mil a year ago due to better results from the property and credit financing divisions.
KUALA LUMPUR: Bursa Malaysia saw a record broken on Friday as trading value rose to a record high of RM9.308bil in an equally heavy trading volume as the FBM KLCI climbed more than 1% amid a firmer broader market.
PETALING JAYA: FGV Holdings Bhd, which suffered bigger losses in the first three months of this year, is targeting a better financial performance in 2020 than last year despite the current challenging business environment due to the outbreak of the coronavirus (Covid-19) pandemic.
KUALA LUMPUR: On the back of missed earnings expectations, Kenanga research anticipates more weakness ahead for IOI Corp Bhd as lower crude palm oil (CPO) prices and downstream margins pressure follow it into the final quarter of its financial year.
PETALING JAYA: Kuala Lumpur Kepong Bhd’s (KLK) net profit suffered a sharp plunge in the second quarter of financial year 2020 (2Q20) due to unrealised foreign currency exchange losses of RM178.1mil and lower contribution from its property development business.
KUALA LUMPUR: RHB Research is keeping a “buy” call on Sarawak Oil Palms Bhd with a higher target price of RM3.10, from RM2.70 previously as its earnings for the first quarter ended March 31 (1Q20) were well above its expectations and street full-year estimates.