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plantation sector
Broker's Calls
Indonesian gov't unlikely to back down on B40 mandate, RHB keeps ‘overweight’ on plantation sector
Biodiesel mandate is still the main growth driver of consumption in 2024 and 2025.
30 days ago
Broker's Calls
RHB raises CPO price assumptions, upgrades Bumitama to ‘buy’
Overall, the analysts expect prices to stay higher in 1H2025, trading at RM4,400 to RM4,800 per tonne before moderating in 2H2025.
November 12, 2024
Broker's Calls
RHB maintains 'neutral' on plantation sector, updates ESG scores
While RHB has kept the target prices for most of the planters unchanged, the analysts have trimmed Wilmar’s target price to $3.30.
August 12, 2024
Broker's Calls
Analysts stay ‘neutral’ on plantation sector amid increasing stockpile
La Nina is still a possibility, expected to develop in September to November and persist through 1QFY2025.
July 11, 2024
Broker's Calls
RHB upgrades Bumitama to 'buy', maintains 'neutral' on First Resources with lower TP
The analysts have raised Bumitama's FY2023 earnings estimate by 30%.
November 20, 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
UOBKH upgrades plantation sector to 'overweight' on share price strengthening expectations
The upgrade also factors in operating margin expansion in 2H2023 and 2024.
July 26, 2023
Broker's Calls
Plantation sector earnings to decline further in 2QFY2023, analysts maintain 'neutral'
Earnings should be lifted in 2HFY2023 as productivity improves and costs moderate.
June 13, 2023
Broker's Calls
RHB downgrades First Resources to 'sell' following disappointing 1QFY2023 results
The RHB analysts have also slashed their FY2023 to FY2025 earnings forecast by 20%-26%.
May 15, 2023
Broker's Calls
External factors dragged down CPO prices, RHB maintains 'neutral' on plantation sector
Despite moderating upside risks, there are still supportive factors that should keep prices relatively stable.
April 13, 2023