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United Plantations trades around RM22.5, near the lower half of its RM20–33 range. Earnings remain strong with high margins and steady dividends, but CPO price volatility is a key risk. Short-term, the stock looks sideways to mildly bullish, with support at RM21.8–22.0 and resistance near RM24.0.
UTDPLT closed at 23.04, holding above EMA and SMA levels, showing strength. RSI at 59 indicates moderate bullish momentum. MACD remains positive, supporting upward bias. Short-term trend looks bullish, with potential to test higher resistance if volume increases.
United Plantations Berhad posted strong H1 2025 earnings with higher revenue and profit, supported by firm palm oil prices and lower costs. The stock trades near MYR 22.80 with stable dividends, but short-term movement is expected within MYR 22.50–24.00, capped by commodity and regulatory risks.
