KUALA LUMPUR: Kenanga Investment Bank Research has maintained its outlook on IOI Corp Bhd
amid rising headwinds for the plantations sector as crude palm oil prices should trend lower amid rising inventory while large exports in the June-July period would not be sustainable.
In its update on the plantations group, the research house said it expects a sequential improvement in earnings for the group in 1QFY21 on higher fresh fruit bunch (FFB) output as the group enters a peak production period.
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