PETALING JAYA: Most plantation companies posted stronger performances in the fourth quarter of financial year 2024 (4Q24), primarily driven by higher palm oil prices.
In its 4Q24 report card review, Hong Leong Investment Bank (HLIB) Research noted out of eight planters under its coverage, six exceeded expectations.
These companies include FGV Holdings Bhd
, Genting Plantations Bhd, Hap Seng Plantations Holdings Bhd, Johor Plantations Group Bhd, SD Guthrie Bhd and TSH Resources Bhd, all of which benefited from higher-than-expected realised palm product prices during the quarter.
Meanwhile, IOI Corp Bhd and Kuala Lumpur Kepong Bhd met HLIB Research’s expectations.
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