Most of the plantation companies’ results in Q2 were within our expectations, with the anticipation coming from the higher CPO prices, said an analyst.
PETALING JAYA: Plantation players, which saw strong earnings in the second quarter (Q2), will continue to enjoy the earnings uptrend in the following two quarters as crude palm oil (CPO) prices remain buoyant.
In the recent quarterly season, companies such as Genting Plantations Bhd
, Kuala Lumpur Kepong Bhd, Sime Darby Plantation Bhd and Hap Seng Plantations Holdings Bhd saw impressive earnings with net profit jumping 362%, 113%, 63% and 38%, respectively.
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