Sector Update : Plantations

Six out of eight planters who published their quarterly results on August 22 fulfilled their expectations, according to [%CdFs%]. Eight out of nine planters reported increased core net profits on a YoY basis, mostly due to considerably higher CPO prices realised. The plantation sector's top picks will be [%IPnS%] and [%TJtB%].

The analyst predicts that planters would report reduced profitability in the following quarters due to decreased palm product pricing and a weakened sense of demand. The anticipated price of CPO for 2022–2024 is RM5500–3800 per tonne.

Sector Update : Plantations

Six out of eight planters who published their quarterly results on August 22 fulfilled their expectations, according to $KLSE-HLBANK. Eight out of nine planters reported increased core net profits on a YoY basis, mostly due to considerably higher CPO prices realised. The plantation sector's top picks will be $KLSE-IOICORP and $KLSE-KLK.

The analyst predicts that planters would report reduced profitability in the following quarters due to decreased palm product pricing and a weakened sense of demand. The anticipated price of CPO for 2022–2024 is RM5500–3800 per tonne.