$HSPLANT / 5138 (HAP SENG PLANTATIONS HOLDINGS BERHAD)
Research by Kenanga
Market Perform – TP RM2.00

“Better FFB Harvest Expected"

HSPLANT guided for flat but firm CPO price of RM4,000/MT and easier production cost which correspond with our assumptions. We maintain our forecasts but raise our FY24-25F NDPS forecasts from 7 sen to 8 sen. We maintain our TP of RM2.00 and MARKET PERFORM call.

Analyst:
Teh Kian Yeong
tehky@kenanga.com.my