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CPO seen hitting RM5,000 mark soon


Ahmad Parveez (pic) told StarBiz that the spot CPO prices could hit the RM5,000 per tonne mark, which closely tracked the performance of the soybean oil prices (SBO) that is also on the uptrend currently.
PETALING JAYA: Local spot crude palm oil (CPO) price could likely hit the RM5,000 per tonne mark in the near term, given the current powerful rally on the global commodities markets, says Malaysian Palm Oil Board (MPOB) director-general Dr Ahmad Parveez Ghulam Kadir.
On May 7, the physical CPO price recorded its best performance in the history of Malaysian palm oil sector. The commodity surged to RM4,758.50 per tonne after hitting an intraday high of RM4,800 per tonne and a low of RM4,640 per tonne. ....

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BCorp, CScenic, Complete Logistic, Daya Materials, FGV, MyEG, Sime Darby Plantation, Superlon, Time dotCom, Top Glove and United Malacca


KUALA LUMPUR (March 16): Based on corporate announcements and news flow today, companies in focus on Wednesday (March 17) may include: Berjaya Corp Bhd (BCorp), Classic Scenic Bhd (CScenic), Complete Logistic Services Bhd, Daya Materials Bhd, FGV Holdings Bhd, My E.G. Services Bhd (MyEG), Sime Darby Plantation Bhd, Superlon Holdings Bhd, Time dotCom Bhd, Top Glove Corp Bhd and United Malacca Bhd.
Berjaya Corp Bhd has appointed Abdul Jalil Abdul Rasheed as its new chief executive officer, the first time someone outside the Tan family will hold the position. The former CEO of Permodalan Nasional Bhd will take over from Datuk Seri Robin Tan, who was promoted to executive deputy chairman of the conglomerate. ....

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AMMB, HeiTech Padu, Pharmaniaga, Top Glove, Advancon, Sime Darby Plantation and Uzma


KUALA LUMPUR (March 1): Based on corporate announcements and news flow today, companies in focus on Tuesday (March 2) may include AMMB Holdings Bhd, HeiTech Padu Bhd, Pharmaniaga Bhd, Top Glove Corp Bhd, Advancon Holdings Bhd, Sime Darby Plantation Bhd and Uzma Bhd.
AMMB Holdings Bhd’s net profit for the third quarter ended Dec 31, 2020 (3QFY21) fell 30.96% to RM263.83 million from RM382.15 million a year ago, due to higher allowance for impairment on loans, advances and financing. The banking group’s quarterly revenue also slipped 11.81% to RM2.09 billion, from RM2.37 billion a year ago, its filing to Bursa Malaysia showed. AMMB did not declare any dividend for the latest quarter. ....

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