PLANTATION
 [%CIti%] 
Research by RHB
Neutral

“PO Stocks Higher After Five Months Of Decline”

Top Picks are pure planters Sarawak Oil Palms, Bumitama Agri, and PP London Sumatra Indonesia. As a result of higher MoM output and weaker exports, PO inventory rose to 1.74m tonnes in April. We expect PO inventory to remain below the 2m tonne mark at least until June. As for the upcoming results season, we expect flattish QoQ earnings with mostly in line earnings.

Analyst(s):
Hoe Lee Leng
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Singapore Research
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Indonesia Research
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PLANTATION
 $KLSE-SOP 
Research by RHB
Neutral

“PO Stocks Higher After Five Months Of Decline”

Top Picks are pure planters Sarawak Oil Palms, Bumitama Agri, and PP London Sumatra Indonesia. As a result of higher MoM output and weaker exports, PO inventory rose to 1.74m tonnes in April. We expect PO inventory to remain below the 2m tonne mark at least until June. As for the upcoming results season, we expect flattish QoQ earnings with mostly in line earnings.

Analyst(s):
Hoe Lee Leng
hoe.lee.leng@rhbgroup.com
Singapore Research
sg.research@rhbgroup.com
Indonesia Research
rhb.id.research@rhbgroup.com