PETALING JAYA: Plantation analysts are revising upward their crude palm oil (CPO) average price forecasts to above RM4,000 per tonne for this year, from their earlier projections between the RM3,100 and RM3,400 per tonne levels.
HIBISCUS Petroleum Bhd is clearly riding nicely on the upcycle of oil prices. On Thursday it posted a second-quarter profit that beat analysts’ expectations. And as Maybank Investment Bank (Maybank IB) Research points out, the profits have yet to take into account earnings from the recently completed acquisition of assets from Spain’s Repsol.
Maybank Investment Bank (IB) Research said Thursday that it expects an earnings recovery for renewable energy (RE) stocks as movement restrictions are eased and work momentum for solar installations catches up.
Malaysia's crude palm oil (CPO) prices are expected to remain elevated in the near term, supported by the La Nina phenomenon, which will likely result in delay in soybean planting in South America and seasonally lower production cycle, according to Hong Leong Investment Bank (HLIB) Research.
KUALA LUMPUR: Crude palm oil (CPO) prices are expected to remain elevated in the near term, supported by the La Nina phenomenon, which will likely result in delay in soybean planting in South America and seasonally lower production cycle, according to Hong Leong Investment Bank (HLIB) Research.