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BINTULU: The government is serious about resolving the issues surrounding the palm oil industry in the country, said Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani.
The Malaysian government is serious about resolving issues surrounding the palm oil industry in the country, said Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani.
THUS far, 2024 has been a good year for investors, as most regional indices have chalked up positive returns, including Malaysia’s FBM KLCI, which had risen more than 7% as at April 8. Within the region, Japan’s Nikkei 225, which is up 20% year to date, has been the best-performing index.
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KUALA LUMPUR: Malaysia's benchmark stock index ended another day in the red as investors reacted to a dearth of positive leads by cashing in on recent gains.
KUALA LUMPUR: Sarawak Oil Palms Bhd's net profit of RM291.6 million for the financial year 2023 (FY23) beat expectations, said RHB Research. The research house said the net profit accounted for 117 and 128 per cent of its and street full-year forecasts, ...
KUALA LUMPUR: Companies in the news include MAHB, Affin Bank, Capital A, MRBC, Sarawak Oil Palms, CIMB, TIME dotcom, AAX, DRB-Hicom, SP Setia, IHH, Tropicana and Genting, said Apex Securities Research.
Sarawak Oil Palms Bhd (SOP) said on Thursday its net profit more than doubled in the fourth quarter (4Q) from a year earlier thanks to higher production and sales volume.
The expected decrease in palm oil production in the upcoming months, coupled with a surge in demand from the export market, has the potential to push Malaysian palm oil stocks below the two million-tonne mark by next month, which could contribute to an upswing in crude palm oil (CPO) prices.
KUALA LUMPUR: RHB Research expects plantation sector's earnings to decline quarter-over-quarter (QoQ) and year-over-year (YoY) in the fourth quarter of 2023 as production eases post-peak season. The downtrending crude palm oil (CPO) prices should have a higher leverage on earnings, ...
Disciplined replanting with higher yielding seeds, mechanisation and more consolidation such as merger and acquisition (M&A) will stay as the plantation industry’s key focus in the years to come, says Maybank Investment Bank (Maybank IB) Research.