AllianceDBS Research believes the current crisis is different from the last as palm oil demand is proven to be recession-proof as it upgraded Sime Darby Plantation.
PETALING JAYA: Sime Darby Plantation Bhd
(SDPL) has been upgraded to a “buy” from a “hold” by AllianceDBS Research, as it believes the current crisis is different from the last as palm oil demand is proven to be recession-proof.
It has tagged SDPL with a 12-month target price of RM5.45 and said that the company is in a good position to ride on higher year-on-year (y-o-y) crude palm oil (CPO) prices.
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