KLSE (MYR): FGV (5222)
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Last Price
1.19
Today's Change
-0.01 (0.83%)
Day's Change
1.17 - 1.19
Trading Volume
296,200
2024-11-12
2024-11-08
2024-11-08
2024-11-08
2024-11-07
Good123
26,432 posts
Posted by Good123 > 2023-02-02 13:01 | Report Abuse
Sapu333
Moving up again hold your breath
The price of CPO has a greater effect on planters’ earnings than output growth, says RHB Research.
PETALING JAYA: The earnings trend for planters in Malaysia and Indonesia for the upcoming fourth quarter results of 2022 (4Q22) will likely vary due to the changes in tax structure by Indonesia in mid-November 2022.
According to RHB Research, 4Q22 is likely to bring mostly in-line earnings for most players, based on its estimates of production output alone.
“Two may outperform forecasts based on fresh fruit bunch (FFB) output, namely, Kuala Lumpur Kepong Bhd (KLK) and FGV Holdings Bhd, while one such as IOI Corp Bhd could post disappointing numbers due to weak FFB.