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PLANTATION
$ASTRO / 6399 (ASTRO MALAYSIA HOLDINGS BERHAD) $MEDIA / 4502 (MEDIA PRIMA BERHAD) $MEDIAC / 5090 (MEDIA CHINESE INTERNATIONAL LIMITED) $STAR / 6084 (STAR MEDIA GROUP BERHAD)
Research by Kenanga
Neutral

“The ESG-friendly side that is often overlooked”

11 March marks the 4th anniversary of COVID-19 pandemic. We pay tribute to the plantation sector that has contributed immensely during the pandemic. While not undermining the sacrifices by the front-liners and others in the fight against COVID-19, this sector has played its part in ensuring food security, job security, and health security not just for the nation but the world over. Despite rising cost challenges and falling output, the sector still made huge monetary contribution of >MYR23b over the past 4 years in various forms of direct and indirect taxes, and contributions.

Analyst(s):
Ong Chee Ting, CA
ct.ong@maybank-ib.com

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