$SWKPLNT / 5135 (SARAWAK PLANTATION BERHAD)
Research by MIDF
NEUTRAL – TP RM1.98

" FFB Production Grew In-line with Seasonal Factors”

• Earnings was lower mostly due to seasonal factors
• Oil palm profitability/margins remain decent
• Estate activities continue intact
• Earnings estimates; Revised lower for FY25
• Maintain NEUTRAL with a revised TP of RM1.98

Analyst:
MIDF Research Team
research@midf.com.my