Regional Plantation
Research by RHB
Overweight (Maintained)

"Inventories Begin To Decline; Stay O/W"

Maintain OVERWEIGHT, regional Top Picks: KL Kepong, First Resources and Astra Agro. Production fell in October, which could indicate a short-lived peak season this year. Exports rose 16.4% MoM, despite the decline in exports to India, resulting in lower stock levels in October. With the recent CPO price surge, some of our TPs have been overshot, and we will address this in the upcoming weeks. 

Hoe Lee Leng
+603 9280 8860
[%gJTv%]

[%dZHt%] [%WGjU%] [%DUAa%] [%pqMk%]

Regional Plantation
Research by RHB
Overweight (Maintained)

"Inventories Begin To Decline; Stay O/W"

Maintain OVERWEIGHT, regional Top Picks: KL Kepong, First Resources and Astra Agro. Production fell in October, which could indicate a short-lived peak season this year. Exports rose 16.4% MoM, despite the decline in exports to India, resulting in lower stock levels in October. With the recent CPO price surge, some of our TPs have been overshot, and we will address this in the upcoming weeks. 

Hoe Lee Leng
+603 9280 8860
hoe.lee.leng@rhbgroup.com

$SGX-EB5 $KLSE-GENP $KLSE-KLK $KLSE-FGV

$GENP / 2291 (GENTING PLANTATIONS BERHAD)