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KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is forecast to trade with a downside bias ahead of a slew of market-moving data to be released next week. ....
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives may see volatile trading with a downside bias next week, ahead of the release of production, stocks and exports data. ....
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Earnings per share was 7.1 sen as compared to 10.18 sen in the year-ago quarter. Group revenue for the quarter under review was RM536.58mil, a 6% drop from RM569mil in the comparative quarter. Genting Plantations said in a statement that its downstream manufacturing recorded an Lbitda of RM5.9mil as compared to Ebitda of RM14.1mil in the previous corresponding quarter. The outlook for the Downstream Manufacturing segment for the rest of this year will remain challenging due to the unfavourable palm oil-gas oil (POGO) spread and squeezed margins for its products. Nevertheless, the demand for refined palm products is expected to be sustained given its competitive pricing vis-à-vis other substitute soft oils, it said. ....