KLSE (MYR): SOP (5126)
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Last Price
3.02
Today's Change
-0.03 (0.98%)
Day's Change
3.02 - 3.05
Trading Volume
6,000
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3,357 comment(s). Last comment by Fabien _the efficient capital allocator 3 weeks ago
perangbrown
67 posts
Posted by perangbrown > 2019-11-21 13:35 | Report Abuse
Maybank Investment Bank (Maybank IB) expects oil palm planters to report flattish-to-lower third quarter 2019 earnings as output recovery is offset by lower palm oil prices.
However, selected Sarawak-based planters such as Ta Ann Holdings Bhd and Sarawak Oil Palms Bhd are likely to report better quarter-on-quarter core earnings on stronger output, the bank-backed research firm noted in a recent report.
"Integrated players will fare relatively better, benefiting from low feedstock costs,” said Maybank IB.
Investors should look forward to earnings recovery in 2020. Valuations of small-mid caps are low on an enterprise value/planted ha basis and present an accumulation opportunity