RHB Research positive on timber sector as Myanmar imposes export ban

KUALA LUMPUR: RHB Research remains positive on the prospects of the timber sector, on the back of the upcoming log export ban in Myanmar with effect from April 1 and relatively stable demand from India and Japan.

It said on Friday the main earnings drivers include rising log prices, the weakening of the ringgit against the US dollar (which will benefit its export-derived revenue) and a rise in crude palm oil (CPO) prices.