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CPO (crude palm oil)
Broker's Calls
Wilmar showing signs of mending profitability, analysts keep 'buy'
Wilmar’s FY2024 earnings could recover from the low level expected this year, mainly on the trend of improving sales volume.
October 31, 2023
Broker's Calls
CPO prices to move up once the impact of El Nino starts to affect productivity: RHB
Higher CPO prices in 2024 will mean that the purer planters would be looked upon more positively than the integrated players.
October 06, 2023
Broker's Calls
RHB to revise 2024 CPO price assumption amid El Niño worries
Demand should come back more significantly in the short term, the analysts highlight.
July 11, 2023
Broker's Calls
Bumitama Agri's FY2022 DPS beat expectations, Maybank keeps 'buy'
Maybank expects Bumitama Agri to report weaker earnings y-o-y in FY2023, given a more normalised crude palm oil environment.
April 11, 2023
Broker's Calls
'Buy' Wilmar and Golden Agri on better performance in lower CPO price environment: RHB
RHB expects a q-o-q decline in sector earnings in 1QFY2023 due to lower CPO ASPs and lower production in the off-peak season.
March 13, 2023
Broker's Calls
Analysts lower TPs for Bumitama Agri following disappointing end to the year
Earnings going forward will be boosted by inventory drawdowns in 1QFY2023, but higher unit costs and lower ASP could offset this.
March 03, 2023
Broker's Calls
RHB expects plantation earnings to be mostly in-line for 4QFY2022, maintain 'neutral'
The analysts continue to like integrated players like Wilmar.
February 02, 2023
Broker's Calls
First Resources' 9MFY2022 earnings 'strongly above expectations', RHB raises TP to $1.75
The analysts raised their earnings forecasts by 8%-23% for FY2022-FY2024.
November 16, 2022
Company in the news
Golden Agri expands product chain to ride through volatile CPO prices
The company differentiates itself by moving up the value chain with a broad portfolio of higher value-added products.
September 08, 2022
Broker's Calls
First Resources to clear inventory build-up in 2HFY2022, RHB maintains 'neutral'
RHB believes First Resources is fairly valued, trading at 7x 2023 P/E — in line with its peer range of 6x-11x.
August 18, 2022