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The imposition of the higher windfall profit levy (WPL) price threshold under Budget 2025 measures will be positive for plantation companies.
KUALA LUMPUR: CGS-CIMB Equities Research raised its end-2020F FBM KLCI target to 1,628, which is based on 15.4 times price-to-earnings (P/E), its earlier target of 1,520 as the ratio of outperformers improved significantly.
KUALA LUMPUR: CGS-CIMB Equities Research is keeping its GDP forecast of 4.4% for 2021F, which incorporates the three phases of lockdown.
KUALA LUMPUR: CGS-CIMB Equities Research expects crude palm oil (CPO) prices to trade in the range of RM2,900 to RM3,200 per tonne in Jan 2020F and average RM2,300 per tonne for 2020F.
KUALA LUMPUR: CGS-CIMB Equities Research sees oil and gas (O&G) and plantation companies as potential winners if crude oil prices stay elevated, while airline, shipping, rubber gloves and petrochemical companies may be impacted due to higher operating costs.
KUALA LUMPUR: CGS-CIMB Equities Research expects crude palm oil (CPO) prices to trade in the range of RM2,500 to RM2,800 per tonne in February and at an average of RM2,300 per tonne for 2020.
Analysts are mostly revising upwards their crude palm oil (CPO) price forecasts for the remainder of 2024 and first quarter of 2025 (1Q25) following growing concerns over declining production and supply tightness.
PETALING JAYA: Indonesia is scheduled to implement B35 biodiesel at the end of this month to spur domestic palm oil consumption.
Going into 2023, the equities market could face continued turbulence, even as market pundits think that the worst is over.
Plantation companies posted a mixed bag of earnings results in the second quarter of financial year 2024 (2Q24) amid lower crude palm oil (CPO) prices and higher operating costs, say analysts.
World’s largest edible oil importer cuts import duties
PETALING JAYA: Corporate Malaysia’s second-quarter earnings season was generally in line with market expectations, with the foreign investors’ favourite banking sector being the bright spot in profit delivery.
KUALA LUMPUR: Top Glove and Hartalagea gave the FBM KLCI a big boost on Wednesday as analysts maintained their Overweight stance on glove makers and had the two stocks as their top picks on robust global demand.
Analysts are expecting plantation players to report stronger upstream earnings for the fourth quarter of 2024 (4Q24), supported by higher crude palm oil (CPO) prices which helped offset the impact of lower production.
Plantation companies will likely report weaker sequential and annual earnings for the fourth quarter ended Dec 31, 2022 (4Q22), in the upcoming corporate earning reporting season.
KUALA LUMPUR: Rakuten Trade Sdn Bhd has maintained its FTSE Bursa Malaysia KLCI (FBM KLCI) target at 1,730 this year, amid global market realignment as investors adjust to the moderation of Wall Street's extended rally.
PETALING JAYA: It will be another challenging year for the Malaysian stock market in 2022 with the highly contagious Omicron variant sweeping the country.
PETALING JAYA: Local planters will stand to be beneficiaries to the government’s latest move to suspend the crude palm oil (CPO) export duty till the end of this year, say analysts.
PETALING JAYA: The third-quarter earnings season was broadly within expectations, although it is no secret that the prolonged Covid-19 restrictions have kept expectations fairly low.
