This means 1Q19 earnings would likely have hit the bottom this year.
SINGAPORE (May 29): UOB Kay Hian says 1Q19 was another weak quarter of earnings for plantation companies largely due to subdued palm and palm kernel oil prices.
Although companies with older palm trees reported weaker y-o-y production, most companies are guiding for higher FBB production for the rest of 2019, especially 2H19.
