10 Plantation Counters: QoQ and YoY Results
Did you know that Malaysia and Indonesia account for about 85% of palm oil exports globally?
Last year, shortages as well as supply chain issues caused the price of crude palm oil (CPO) to skyrocket to over RM 7,000 per ton— a record high! Correspondingly, plantation stocks saw active trading with many of them recording extraordinarily high profit numbers. Since then, the sector has been underperforming with almost all planters recording declining results. Now that they are no longer in the spotlight, could there be some value to be had here?
Today, let’s take a look at 10 plantation counters and their performance QoQ and YoY. Have we reached the bottom? Are there any opportunities for long term or even trading here? Let us know in the comment section below!
$SIMEPLT / 5285 (SIME DARBY PLANTATION BERHAD) $IOICORP / 1961 (IOI CORPORATION BERHAD) $GENP / 2291 (GENTING PLANTATIONS BERHAD) $KMLOONG / 5027 (KIM LOONG RESOURCES BERHAD) $TAANN / 5012 (TA ANN HOLDINGS BERHAD)